High-end synthetic suede is mainly used in industries involving luxury products. For instance, high-end synthetic suede is being used for various parts of luxury cars. High-end synthetic suede has been able to mark its presence in the fashion industry as well. Global fashion designers, with an aim to inculcate sustainability, have started to incorporate synthetic materials in their production process to not only achieve sustainability but also to send a strong message to their customers regarding the proliferated use of vegan materials.
In addition, the high demand for lightweight material across industries such as automotive to improve the fuel efficiencies of the end products such as vehicles is pushing the demand for synthetic suede. Various companies such as Fiat Chrysler, Daimler AG, and Porsche AG across the globe are actively adopting high-end synthetic suede in their production processes.
Trends Influencing the Synthetic Suede Market
- Introduction of Bio-Based Synthetic Suede: Synthetic suede is now being manufactured from bio-based raw materials owing to the rising demand for natural and environment-friendly products. The bio-based synthetic suede is developed with the help of advanced technology, which includes polymers that are recycled and are obtained from biomass. Many companies have invested in research and development activities to make bio-based synthetic suede. One of the key players manufacturing this bio-based synthetic suede is Toray Industries, Inc.
- Use of Synthetic Suede in Electric Vehicles: Synthetic suede is now being manufactured from bio-based raw materials owing to the rising demand for natural and environment-friendly products. The bio-based synthetic suede is developed with the help of advanced technology, which includes polymers that are recycled and are obtained from biomass. Many companies have invested in their R&Ds to make bio-based synthetic suede.
In addition to the emerging trends, high-end synthetic suede can be used for applications such as automotive, fashion, furniture, and others.
Automotive: Synthetic suede is being highly preferred by luxury car automakers owing to both its durability as well as lightweight. Apart from this, the demand for synthetic suede is growing due to an increase in the trend of electric vehicles. There is a need for a reduction in the weight of electric vehicles to increase their fuel efficiencies, which is further anticipated to fuel the growth of the high-end synthetic suede market in the automotive industry. For the automotive industry, synthetic suede is used in upholstery, headliners, door panels, and others.
Fashion: Synthetic suede, also known by the names of faux suede, microfiber suede, and vegan suede, has been able to mark its strong presence in the fashion industry. The material that was once deemed as cheap and low quality as compared to leather is now finding its space in the fashion industry on the grounds of ethics and sustainability. Fashion designers globally are currently looking for a material that is not only free from any animal cruelty but is sustainable as well. Under the fashion industry, synthetic suede is used across apparel, footwear, bags, and wallets.
Furniture: Interior designers globally extensively use leather for upholstering their furniture. Leather is, however, largely being replaced by the use of synthetic materials. Its economic properties also drive the demand for synthetic material furniture as real leather furniture is comparatively costlier. An important factor contributing to the demand for high-end synthetic suede in the furniture industry is the rising trend of veganism. People adopting veganism have increasingly demanded vegan interiors, which has further bolstered the demand for high-end synthetic suede in the furniture industry. For the furniture industry, synthetic suede is used in both residential and commercial ventures.
Others: The synthetic suede is also used across consumer electronics, aviation, and marine industry. In the consumer electronics segment, high-end synthetic suede is used by laptop manufacturers for covering various parts of the laptop. In the aviation industry, synthetic suede is used to cover various parts of the aircraft. The aviation industry utilizes synthetic suede to decrease the weight of the aircraft, thereby making it aesthetically more pleasant.