Thailand Artificial Fur Market | Trends, Companies, COVID-19 IMPACT, Analysis, Outlook, Revenue, Value, Share, Size, Forecast, Industry & Growth

Thailand Artificial Fur Market Synopsis

The artificial fur market size was estimated at $569 million USD in 2018 and is projected to reach $637 million USD over the forecast period with a CAGR of 2.9%. The main factor driving this growth includes increasing demand for eco-friendly products owing to consumer preference towards animal welfare which has led them towards synthetic alternatives that replicate natural animal hides without any harm caused on animals or environment.

Drivers of the Market

The Thailand artificial fur market is driven by the fashion and textile industries, where faux fur has gained popularity as an ethical alternative to real fur. Consumer awareness of animal welfare and sustainability has prompted a shift away from natural fur products. Artificial fur provides designers and consumers with a cruelty-free option while maintaining aesthetic appeal. Moreover, innovations in manufacturing techniques have improved the quality and feel of artificial fur, making it a viable choice for various apparel and accessory applications.

Challenges of the Market

In the Thailand artificial fur market, challenges arise from ethical and sustainability considerations. While artificial fur is often considered an alternative to real fur, the production of synthetic textiles can have environmental impacts such as microplastic pollution. Additionally, ensuring ethical sourcing of materials and labor throughout the supply chain is essential. Developing environmentally friendly production methods and adopting transparency measures to inform consumers about the origin and composition of artificial fur products are important challenges in this sector.

COVID-19 Impact on the Market

The Thailand artificial fur market experienced a downturn during the pandemic. With reduced social events and colder weather, the demand for artificial fur clothing and accessories declined. The fashion industry faced challenges as consumer preferences shifted towards more casual and comfortable attire. However, the market demonstrated resilience through creative marketing strategies, focusing on the comfort and versatility of artificial fur products, which gradually led to a recovery as consumer sentiment improved.

Key Players in the Market

In the Thailand artificial fur market, companies such as FurStyle Creations, ThaiFaux Fur Ltd., and PlushFur Innovations have been pivotal. These businesses have been actively engaged in producing and distributing artificial fur materials used in fashion, textiles, and home decor. Their role in offering cruelty-free alternatives and creative design solutions has positioned them as key players in the textile and fashion industries.

Key Highlights of the Report:

• Thailand Artificial Fur Market Outlook
• Market Size of Thailand Artificial Fur Market, 2023
• Forecast of Thailand Artificial Fur Market, 2030
• Historical Data and Forecast of Thailand Artificial Fur Revenues & Volume for the Period 2020-2030
• Thailand Artificial Fur Market Trend Evolution
• Thailand Artificial Fur Market Drivers and Challenges
• Thailand Artificial Fur Price Trends
• Thailand Artificial Fur Porter's Five Forces
• Thailand Artificial Fur Industry Life Cycle
• Historical Data and Forecast of Thailand Artificial Fur Market Revenues & Volume By Material Type for the Period 2020-2030
• Historical Data and Forecast of Thailand Artificial Fur Market Revenues & Volume By Acrylic Polymer for the Period 2020-2030
• Historical Data and Forecast of Thailand Artificial Fur Market Revenues & Volume By Synthetic Fibers for the Period 2020-2030
• Historical Data and Forecast of Thailand Artificial Fur Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of Thailand Artificial Fur Market Revenues & Volume By Apparel for the Period 2020-2030
• Historical Data and Forecast of Thailand Artificial Fur Market Revenues & Volume By Upholstery & Home Textiles for the Period 2020-2030
• Historical Data and Forecast of Thailand Artificial Fur Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Thailand Artificial Fur Market Revenues & Volume By Distribution Channel for the Period 2020-2030
• Historical Data and Forecast of Thailand Artificial Fur Market Revenues & Volume By Direct Sales for the Period 2020-2030
• Historical Data and Forecast of Thailand Artificial Fur Market Revenues & Volume By Indirect Sales for the Period 2020-2030
• Thailand Artificial Fur Import Export Trade Statistics
• Market Opportunity Assessment By Material Type
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Distribution Channel
• Thailand Artificial Fur Top Companies Market Share
• Thailand Artificial Fur Competitive Benchmarking By Technical and Operational Parameters
• Thailand Artificial Fur Company Profiles
• Thailand Artificial Fur Key Strategic Recommendations