PUBLISHER: Grand View Research | PRODUCT CODE: 1790369
PUBLISHER: Grand View Research | PRODUCT CODE: 1790369
Synthetic Leather Market Summary
The global synthetic leather market size was estimated at USD 41.05 billion in 2024 and is projected to reach USD 115.39 billion by 2033, growing at a CAGR of 12.33% from 2025 to 2033. Globally increasing demand from the footwear sector is expected to be a key factor propelling the overall market growth.
The high cost of natural leather is another factor that has driven the need for natural leather replacements. PVC leather is another essential type of synthetic leather that has grown in popularity due to its diverse variety of uses, which include shopping bags, cosmetic bags, wallets, suitcases, purses, and travel bags. It is used in various applications, including fabrics, footwear, clothing, upholstery, and others, where a leather-like finish is required, and the material is unusable, unsuitable, and cost-prohibitive. The production process has evolved over the past few years for the shell coating to go on top of the synthetic polymer blend.
Global Synthetic Leather Market Report Segmentation
This report forecasts volume & revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global synthetic leather market report on the basis of leather type, application, and region: