List of Contents

Synthetic Leather Market Size, Share, and Trends 2024 to 2034

The global synthetic leather market size is calculated at USD 49.10 billion in 2025 and is forecasted to reach around USD 97.29 billion by 2034, accelerating at a CAGR of 7.9% from 2025 to 2034. The Asia Pacific synthetic leather market size surpassed USD 19.45 billion in 2024 and is expanding at a CAGR of 8.23% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1144
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Synthetic Leather Market 

5.1. COVID-19 Landscape: Synthetic Leather Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Synthetic Leather Market, By Product

8.1. Synthetic Leather Market Revenue and Volume, by Product, 2024-2033

8.1.1. PVC

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. PU

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

8.1.3. Bio Based

8.1.3.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Synthetic Leather Market, By Application

9.1. Synthetic Leather Market Revenue and Volume, by Application, 2024-2033

9.1.1. Automotive

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. Furnishing

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. Footwear

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

9.1.4. Clothing

9.1.4.1. Market Revenue and Volume Forecast (2021-2033)

9.1.5. Bags & Wallets

9.1.5.1. Market Revenue and Volume Forecast (2021-2033)

9.1.5. Others

9.1.5.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Synthetic Leather Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.1.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.1.3.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.1.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.2.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.2.3.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.2.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.2.5.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.2.6.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.3.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.3.3.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.3.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.3.5.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.3.6.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.4.3.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.4.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.4.5.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.4.6.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.5.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.5.3.2. Market Revenue and Volume Forecast, by Application (2021-2033)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.5.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)

Chapter 11. Company Profiles

11.1. R. Polycoats Pvt. Ltd.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Kuraray Co., Ltd.

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Alfatex Italia SRL

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Yantai Wanhua Synthetic Leather Group Co., Ltd.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. San Fang Chemical Industry Co., Ltd.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Filwel Co., Ltd.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Nan Ya Plastics Corporation

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Teijin Limited

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Zhejiang Hexin Industry Group Co., Ltd.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global synthetic leather market size is expected to grow from USD 45.47 billion in 2024 to USD 97.29 billion by 2034.

The global synthetic leather market is growing at a compound annual growth rate (CAGR) of 7.9% during the forecast period from 2025 to 2034.

Polyurethane (PU) synthetic leather segment captured the largest value share of more than 50% in 2024 along with the promising growth over the upcoming years owing to the product quality, yield, and variety.

Footwear application accounted for the maximum revenue share of more than 30% in 2024 due to increasing income levels and economic growth in the developing countries.

Some of the key players operating in the market are Kuraray Co., Ltd., Nan Ya Plastics Corporation, Yantai Wanhua Synthetic Leather Group Co., Ltd., Mayur Uniquoters Limited, Teijin Limited,San Fang Chemical Industry Co., Ltd., Filwel Co., Ltd., and Zhejiang Hexin Industry Group Co., Ltd. among others.

Remarkable properties of the synthetic leather over real leather such as high moisture resistance, easy washable, cost-effectiveness, and high durability drives its demand during the forthcoming years. Increasing demand for synthetic leather mainly from the footwear industry because of presence of durable and affordable leather expected to augment the market size for the product. In addition, robust demand for luxurious products from furniture and automotive sectors projected to accelerate the market growth over the coming years. Additionally, stringent government norms for the protection of animals for leather products anticipated to bolster the market growth during the analysis period. Rising consumer awareness related to cruel practices of animal killing along with introduction of bett

Synthetic or artificial leather is man-made leather that provides the appearance of the real leather. The product is marketed with various names for example vegan leather, faux leather, pleather, and leatherette. Synthetic leather comprises of a cloth base that is coated with a synthetic resin in order to resemble its appearance with animal hide on the surface. The surface of the leather fabric is dyed and treated with specific additives to make it look like a real leather. It is widely in the industries that require leather-like finish for example in upholstery, footwear, automobile, and clothing, among others. Further, it comes with no seams that prevent the water from seeping inside and damaging the inner material.

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