Synthetic Leather Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently released a comprehensive report on the global Synthetic Leather Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed 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 Scope:

The synthetic leather market includes a variety of man-made materials designed to replicate the look and feel of natural leather, primarily used in industries such as automotive, fashion, furniture, and footwear. This market is driven by increasing demand for sustainable and cost-effective alternatives to genuine leather, along with advancements in material technology enhancing the durability and aesthetic appeal of synthetic leather products. Growing environmental concerns and the rising popularity of vegan and cruelty-free products further boost market adoption worldwide.

Market Growth Drivers:

Several factors are propelling the growth of the global synthetic leather market. Increasing consumer preference for animal-friendly and sustainable products has significantly heightened demand for synthetic leather, especially in fashion and automotive sectors. Technological advancements have improved the quality and variety of synthetic leather, making it a preferred material due to its versatility, durability, and ease of maintenance compared to natural leather. Additionally, rapid urbanization and rising disposable incomes in emerging economies are expanding the consumer base for synthetic leather goods. The automotive industry's shift towards eco-friendly interiors and the booming footwear and furniture markets further fuel market expansion.

Market Restraints:

Despite its robust growth potential, the synthetic leather market faces several challenges. The environmental impact associated with the production and disposal of certain synthetic leather types, particularly those based on PVC, raises sustainability concerns that could hinder market acceptance. Furthermore, synthetic leather products often lack the breathability and aging qualities of genuine leather, which may limit their adoption in premium product segments. The fluctuating prices of raw materials used in synthetic leather manufacturing also pose a risk, impacting cost competitiveness and profit margins for manufacturers.

Market Opportunities:

The synthetic leather market presents promising opportunities for growth, driven by ongoing innovations in bio-based and eco-friendly synthetic leather alternatives. Rising demand for vegan leather made from sustainable raw materials offers manufacturers a chance to capture environmentally conscious consumers. Expansion into emerging markets with growing automotive, footwear, and furniture sectors is expected to further boost market penetration. Collaborations with fashion brands and automotive OEMs for customized synthetic leather solutions can also create new avenues for product differentiation and market leadership.

Key Questions Answered in the Report:

What are the primary factors driving the global synthetic leather market's growth?
Which regions and market segments are experiencing the highest demand for synthetic leather?
How are innovations in material science influencing market dynamics?
Who are the key players in the synthetic leather market, and what strategies are they adopting to stay competitive?
What are the emerging trends and future projections for the global synthetic leather market?

Competitive Intelligence and Business Strategy:

Leading companies in the global synthetic leather market, such as TORAY INDUSTRIES, INC., Kuraray Co. Ltd., San Fang Chemical Industry Co., Ltd., BASF, and NAN YA PLASTICS CORPORATION, are investing heavily in research and development to improve the sustainability and performance of synthetic leather products. These companies focus on launching eco-friendly and bio-based synthetic leather variants to meet increasing environmental regulations and consumer expectations. Strategic partnerships with automotive manufacturers, fashion brands, and furniture producers enable these players to expand their market reach and tailor products for diverse applications. Emphasis on cost-effective manufacturing and innovative design continues to provide a competitive edge.

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

Product Code: PMRREP13858

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

Synthetic Leather Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032