Study Period | 2019-2031 | CAGR | 2.50% |
Historical Period | 2019-2021 | Forecast Period | 2023-2031 |
Base Year | 2022 | Base Year Market Size | USD 1.38 Billion |
Forecast Year | 2031 | Forecast Year Market Size | USD 1.77 Billion |
Largest Market | Asia-Pacific | Fastest Growing Market | Europe |
The global automotive artificial pvc leather market size was valued at USD 1.38 billion in 2022. It is projected to reach USD 1.77 billion by 2031, growing at a CAGR of 2.50% during the forecast period (2023–2031).
Many advantages drive the extensive application of automotive PVC artificial leather in train and car seats, steering wheel covers, sun visors, seat covers, armrests, door trims, and knob and gear-box covers. A few of the most notable ones are listed below.
PVC finds extensive application in low-end vehicles, such as buses, trucks, agricultural vehicles, and motorcycles, where cost is a key criterion. Further, PVC leather’s cost advantage has led to an upsurge in the demand for the material in the production of seats, airbags, belts, seat-covers, steering covers, door panels, dashboard, rear shelves, and other interior trims in the automotive industry.
The future of the global automotive PVC artificial leather market looks promising with opportunities in the passenger and commercial car segments. The demand for artificial leather — in the automotive seating industry — is directly correlated with industry growth. As per European plasticisers, today’s average car has more than 1,000 plastic components, and roughly 12% of them are made of soft PVC.
India’s automotive industry is growing at a rapid pace, with many international companies setting up manufacturing units in different states across the country.The use of PVC leather for seat upholstery is commonplace in the Indian automobile sector due to its cost-effectiveness and leather-like appearance and feel. India has the largest number of three-wheeler autos and trucks globally, which form an integral part of the country’s transportation system. PVC leather is used to make the hoods, seats, and advertising for these vehicles.
Marvel is the most reputed supplier of PVC sheets for automotive in India. Many premium auto manufacturers are also adopting PVC artificial leather. The artificial leather used by Mercedes is called ‘Artico leather’ with the added comment ‘man-made leather’. Mercedes-Benz and BMW have been offering vinyl seats since decades in a number of their popular vehicles.
Scientex Berhad manufactures and markets industrial stretch films, industrial packaging products, and consumer packaging products, such as FIBC bags, form-fill, and seal bags, woven bags, raffia products, lamination base films, wicket bags, shrink hoods and stretch hoods, barrier films, polyurethane adhesives, and others.
MarvelVinyls, an ISO 9001 company, manufactures and exports PVC films, sheetings, floorings, synthetic leather, and textiles
Asia-Pacific, Led by China, Dominates the Global Market with More than Half the Overall Value Share
Asia-Pacific was the largest shareholder in the year 2019, with a 53–55% value share. China spearheads growth in the region while Japan and India as other notable contributors. Some of the key factors driving market growth in the region are discussed below.
Germany, Italy, the U.K., and France to Lead Strong Growth in Europe’s Automotive PVC Artificial Leather Market
The Europe market, led by Germany, Italy, the U.K., and France, is expected to observe strong growth during the forecast period. A couple of the key factors augmenting the regional market are briefly discussed below.
Report Metric | Details |
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Segmentations | |
By Type |
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By Application |
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Company Profiles | Benecke Kaliko Kyowa Leather Cloth Canadian General Tower (CGT) Vulcaflex Scientex Berhad Achilles USA INC. Mayur Uniquoters Fujian Polytech Technology Leo Vinyls MarvelVinyls Premier PolyfilmsLimited Polyfabs HR Polycoats Wellmark Co. Ltd. |
Geographies Covered | |
North America | U.S. Canada |
Europe | U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe |
APAC | China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific |
Middle East and Africa | UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA |
LATAM | Brazil Mexico Argentina Chile Colombia Rest of LATAM |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
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On the basis of type, the global automotive artificial PVC leather market has been segmented into:
The low cost of PVC also drives the use of the material in low-end vehicles as it serves the purposes at a low price point without compromising on the aesthetics