Persistence Market Research has recently published a detailed report on the global Synthetic Leather Market, offering a thorough analysis of essential market dynamics such as growth drivers, emerging trends, challenges, and opportunities. This report provides valuable insights to help industry stakeholders make informed strategic decisions.
Key Insights:
- Synthetic Leather Market Size (2025E): US$ 65.6 Bn
- Projected Market Value (2032F): US$ 111.1 Bn
- Global Market Growth Rate (CAGR 2025 to 2032): 7.8%
The synthetic leather market comprises various engineered materials designed to mimic the look and texture of natural leather. These materials find extensive applications across industries such as automotive, fashion, furniture, and footwear. Increasing environmental concerns, rising demand for cruelty-free products, and advances in synthetic material technology are driving the market. Synthetic leather’s affordability and versatility are further encouraging its adoption, particularly in regions witnessing rapid urbanization and increased consumer spending.
Market Growth Drivers:
The global synthetic leather market is expanding due to multiple factors. A key driver is the growing consumer inclination toward sustainable and animal-friendly products, which has significantly boosted demand across several industries. Technological improvements have enhanced synthetic leather’s quality and durability, making it a competitive alternative to genuine leather. Moreover, rising disposable incomes and urban lifestyles in emerging economies are stimulating consumption. The automotive industry’s push for eco-friendly interiors and increasing demand in footwear and furniture segments also contribute to steady market growth.
Market Restraints:
Despite promising prospects, the synthetic leather market faces challenges. Environmental issues related to the production and disposal of certain synthetic leathers, particularly PVC-based variants, pose significant concerns. Additionally, synthetic leather may fall short compared to genuine leather in terms of breathability and natural aging, limiting its acceptance in premium product segments. Volatility in raw material prices further affects manufacturing costs and profitability, which could hinder market expansion.
Market Opportunities:
The synthetic leather market holds strong potential through innovation in sustainable and bio-based alternatives. Increasing demand for eco-friendly vegan leather products opens new market segments. Additionally, emerging regions with growing automotive, footwear, and furniture industries present lucrative expansion opportunities. Collaborations between synthetic leather manufacturers and fashion or automotive brands to develop customized, high-performance materials also offer promising growth avenues.
Key Questions Addressed in the Report:
- What factors are driving the growth of the global synthetic leather market?
- Which regions and sectors are witnessing the highest demand?
- How are material innovations shaping market trends?
- Who are the leading players and what strategies are they adopting?
- What future trends and forecasts define the market outlook?
Top players in the synthetic leather market, including TORAY INDUSTRIES, INC., Kuraray Co. Ltd., San Fang Chemical Industry Co., Ltd., BASF, and NAN YA PLASTICS CORPORATION, are focusing on research and development to create sustainable, high-quality synthetic leather products. These companies prioritize launching bio-based and eco-conscious alternatives to meet rising environmental regulations and consumer preferences. Strategic alliances with automotive and fashion OEMs help expand market reach and customize products for specific applications. Investments in cost-efficient production methods and innovation remain key competitive strategies.
Companies Covered in This Report:
- TORAY INDUSTRIES, INC.
- Kuraray Co. Ltd.
- San Fang Chemical Industry Co., Ltd.
- BASF
- NAN YA PLASTICS CORPORATION
- Mayur Uniquoters Limited
- H.R. Polycoats Pvt. Ltd.
- Dow
- TEIJIN FRONTIER(U.S.A.),Inc.
- Zhejiang Hexin New Material Co., Ltd.
- Yantai Wanhua Huayi Polyurethane Products Co., Ltd.
- Alfatex
- FILWEL Co., Ltd.
- Kolon Industries, Inc.
By Type
- Polyurethane (PU) Leather
- Polyvinyl Chloride (PVC) Leather
- Silicone Leather
- Bio-Based PU Leather
- Fashion Accessories
- Apparel
- Footwear
- Furniture
- Automotive
- Others
- North America
- Europe
- East Asia
- South Asia and Oceania
- Middle East and Africa
- Latin America
Please Note: It will take 5 business days to complete the report upon order confirmation.
- 1. Executive Summary
- 1.1. Global Synthetic Leather Market Snapshot 2025-2032
- 1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
- 1.3. Key Market Trends
- 1.4. Industry Developments and Key Market Events
- 1.5. Demand Side and Supply Side Analysis
- 1.6. PMR Analysis and Recommendations
- 2. Market Overview
- 2.1. Market Scope and Definitions
- 2.2. Value Chain Analysis
- 2.3. Macro-Economic Factors
- 2.3.1. Global GDP Outlook
- 2.3.2. Global Footwear Industry Overview
- 2.3.3. Global Automotive Industry Overview
- 2.3.4. Global Bags and Wallets Industry Overview
- 2.4. Forecast Factors – Relevance and Impact
- 2.5. COVID-19 Impact Assessment
- 2.6. PESTLE Analysis
- 2.7. Porter's Five Forces Analysis
- 2.8. Geopolitical Tensions: Market Impact
- 2.9. Regulatory and Technology Landscape
- 3. Market Dynamics
- 3.1. Drivers
- 3.2. Restraints
- 3.3. Opportunities
- 3.4. Trends
- 4. Price Trend Analysis, 2019-2032
- 4.1. Region-wise Price Analysis
- 4.2. Price by Segments
- 4.3. Price Impact Factors
- 5. Global Synthetic Leather Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 5.1. Key Highlights
- 5.2. Global Synthetic Leather Market Outlook: Type
- 5.2.1. Introduction/Key Findings
- 5.2.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by Type, 2019-2024
- 5.2.3. Current Market Size (US$ Bn) and Volume (Tons) Forecast, by Type, 2025-2032
- 5.2.3.1. Polyurethane (PU) Leather
- 5.2.3.2. Polyvinyl Chloride (PVC) Leather
- 5.2.3.3. Silicone Leather
- 5.2.3.4. Bio-Based PU Leathers
- 5.2.4. Market Attractiveness Analysis: Type
- 5.3. Global Synthetic Leather Market Outlook: Application
- 5.3.1. Introduction/Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by Application, 2019-2024
- 5.3.3. Current Market Size (US$ Bn) and Volume (Tons) Forecast, by Application, 2025-2032
- 5.3.3.1. Fashion Accessories
- 5.3.3.2. Apparel
- 5.3.3.3. Footwear
- 5.3.3.4. Furniture
- 5.3.3.5. Automotive
- 5.3.3.6. Others
- 5.3.4. Market Attractiveness Analysis: Application
- 6. Global Synthetic Leather Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by Region, 2019-2024
- 6.3. Current Market Size (US$ Bn) and Volume (Tons) Forecast, by Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia & Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
- 7. North America Synthetic Leather Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. North America Market Size (US$ Bn) and Volume (Tons) Forecast, by Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
- 7.4. North America Market Size (US$ Bn) and Volume (Tons) Forecast, by Type, 2025-2032
- 7.4.1. Polyurethane (PU) Leather
- 7.4.2. Polyvinyl Chloride (PVC) Leather
- 7.4.3. Silicone Leather
- 7.4.4. Bio-Based PU Leathers
- 7.5. North America Market Size (US$ Bn) and Volume (Tons) Forecast, by Application, 2025-2032
- 7.5.1. Fashion Accessories
- 7.5.2. Apparel
- 7.5.3. Footwear
- 7.5.4. Furniture
- 7.5.5. Automotive
- 7.5.6. Others
- 8. Europe Synthetic Leather Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Europe Market Size (US$ Bn) and Volume (Tons) Forecast, by Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. Italy
- 8.3.3. France
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
- 8.4. Europe Market Size (US$ Bn) and Volume (Tons) Forecast, by Type, 2025-2032
- 8.4.1. Polyurethane (PU) Leather
- 8.4.2. Polyvinyl Chloride (PVC) Leather
- 8.4.3. Silicone Leather
- 8.4.4. Bio-Based PU Leathers
- 8.5. Europe Market Size (US$ Bn) and Volume (Tons) Forecast, by Application, 2025-2032
- 8.5.1. Fashion Accessories
- 8.5.2. Apparel
- 8.5.3. Footwear
- 8.5.4. Furniture
- 8.5.5. Automotive
- 8.5.6. Others
- 9. East Asia Synthetic Leather Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. East Asia Market Size (US$ Bn) and Volume (Tons) Forecast, by Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.4. East Asia Market Size (US$ Bn) and Volume (Tons) Forecast, by Type, 2025-2032
- 9.4.1. Polyurethane (PU) Leather
- 9.4.2. Polyvinyl Chloride (PVC) Leather
- 9.4.3. Silicone Leather
- 9.4.4. Bio-Based PU Leathers
- 9.5. East Asia Market Size (US$ Bn) and Volume (Tons) Forecast, by Application, 2025-2032
- 9.5.1. Fashion Accessories
- 9.5.2. Apparel
- 9.5.3. Footwear
- 9.5.4. Furniture
- 9.5.5. Automotive
- 9.5.6. Others
- 9.6. East Asia Market Size (US$ Bn) and Volume (Tons) Forecast, by , 2025-2032
- 10. South Asia & Oceania Synthetic Leather Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Forecast, by Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of SAO
- 10.4. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Forecast, by Type, 2025-2032
- 10.4.1. Polyurethane (PU) Leather
- 10.4.2. Polyvinyl Chloride (PVC) Leather
- 10.4.3. Silicone Leather
- 10.4.4. Bio-Based PU Leathers
- 10.5. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Forecast, by Application, 2025-2032
- 10.5.1. Fashion Accessories
- 10.5.2. Apparel
- 10.5.3. Footwear
- 10.5.4. Furniture
- 10.5.5. Automotive
- 10.5.6. Others
- 11. Latin America Synthetic Leather Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Latin America Market Size (US$ Bn) and Volume (Tons) Forecast, by Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of LATAM
- 11.4. Latin America Market Size (US$ Bn) and Volume (Tons) Forecast, by Type, 2025-2032
- 11.4.1. Polyurethane (PU) Leather
- 11.4.2. Polyvinyl Chloride (PVC) Leather
- 11.4.3. Silicone Leather
- 11.4.4. Bio-Based PU Leathers
- 11.5. Latin America Market Size (US$ Bn) and Volume (Tons) Forecast, by Application, 2025-2032
- 11.5.1. Fashion Accessories
- 11.5.2. Apparel
- 11.5.3. Footwear
- 11.5.4. Furniture
- 11.5.5. Automotive
- 11.5.6. Others
- 12. Middle East & Africa Synthetic Leather Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 12.1. Key Highlights
- 12.2. Pricing Analysis
- 12.3. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Forecast, by Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of MEA
- 12.4. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Forecast, by Type, 2025-2032
- 12.4.1. Polyurethane (PU) Leather
- 12.4.2. Polyvinyl Chloride (PVC) Leather
- 12.4.3. Silicone Leather
- 12.4.4. Bio-Based PU Leathers
- 12.5. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Forecast, by Application, 2025-2032
- 12.5.1. Fashion Accessories
- 12.5.2. Apparel
- 12.5.3. Footwear
- 12.5.4. Furniture
- 12.5.5. Automotive
- 12.5.6. Others
- 13. Competition Landscape
- 13.1. Market Share Analysis, 2025
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
- 13.3. Company Profiles
- 13.3.1. Mayur Uniquoters Limited
- 13.3.1.1. Company Overview
- 13.3.1.2. Product Portfolio/Offerings
- 13.3.1.3. Key Financials
- 13.3.1.4. SWOT Analysis
- 13.3.1.5. Company Strategy and Key Developments
- 13.3.2. Kuraray Co. Ltd.
- 13.3.3. H.R. Polycoats Pvt. Ltd.
- 13.3.4. San Fang Chemical Industry Co., Ltd.
- 13.3.5. Toray Coatex Co., Ltd.
- 13.3.6. Alfatex
- 13.3.7. FILWEL Co., Ltd.
- 13.3.8. TEIJIN FRONTIER(U.S.A.),INC.
- 13.3.9. NAN YA PLASTICS CORPORATION
- 13.3.10. Zhejiang Hexin New Material Co., Ltd.
- 13.3.11. Yantai Wanhua Huayi Polyurethane Products Co., Ltd.
- 13.3.12. Kolon Industries, Inc.
- 13.3.13. TORAY INDUSTRIES, INC.
- 13.3.14. BASF
- 13.3.15. Dow
- 14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook