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Synthetic Leather Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032

Publisher Persistence Research & Consultancy Services
Published Jun 02, 2025
Length 191 Pages
SKU # PERR20090597

Description

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%
Synthetic Leather Market – Report Overview:

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?
Competitive Landscape and Business Strategies:

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.
Market Segmentation

By Type
  • Polyurethane (PU) Leather
  • Polyvinyl Chloride (PVC) Leather
  • Silicone Leather
  • Bio-Based PU Leather
By Application
  • Fashion Accessories
  • Apparel
  • Footwear
  • Furniture
  • Automotive
  • Others
By Region
  • North America
  • Europe
  • East Asia
  • South Asia and Oceania
  • Middle East and Africa
  • Latin America


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Table of Contents

191 Pages
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

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