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

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for synthetic leather. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global synthetic leather market from 2025 to 2032.

Key Insights:

Synthetic Leather Market Size (2025E): USD 65.6 Billion
Projected Market Value (2032F): USD 111.1 Billion
Global Market Growth Rate (CAGR 2025 to 2032): 7.8%

Synthetic Leather Market - Report Scope:

Synthetic leather, also known as artificial or faux leather, is a man-made material designed to replicate the appearance, texture, and performance of natural leather. It is widely used across industries such as footwear, automotive interiors, furniture, fashion accessories, and consumer goods. The synthetic leather market includes products manufactured using polyurethane (PU), polyvinyl chloride (PVC), and bio-based materials, offering cost efficiency, design flexibility, and ethical advantages over animal-derived leather. Market growth is driven by increasing demand from the automotive and footwear industries, rising consumer preference for vegan and sustainable materials, and continuous advancements in polymer and coating technologies that enhance durability, aesthetics, and performance.

Market Growth Drivers:

The global synthetic leather market is driven by growing awareness of animal welfare and environmental concerns associated with natural leather production. Rising demand from the automotive industry for lightweight, cost-effective, and customizable interior materials significantly supports market expansion. Additionally, the footwear and fashion industries increasingly adopt synthetic leather due to its design versatility, consistent quality, and lower production costs. Technological advancements in PU-based and bio-based synthetic leather, offering improved breathability, softness, and reduced environmental impact, further accelerate market growth. Rapid urbanization, rising disposable incomes, and expanding manufacturing capacities in emerging economies also contribute to sustained demand.

Market Restraints:

Despite strong growth potential, the synthetic leather market faces challenges related to environmental concerns over PVC-based products, volatile raw material prices, and regulatory restrictions on plastic usage. Issues such as lower breathability compared to genuine leather and durability concerns in low-quality synthetic variants can limit adoption in premium applications. Additionally, increasing scrutiny over microplastic pollution and carbon emissions associated with petrochemical-based materials may pose challenges for manufacturers. Addressing these restraints requires innovation in eco-friendly materials, recycling technologies, and compliance with evolving environmental regulations.

Market Opportunities:

The synthetic leather market presents significant growth opportunities through the development of bio-based, recyclable, and low-VOC materials that align with global sustainability goals. Innovations in water-based polyurethane, plant-based polymers, and silicone-based leather alternatives are opening new avenues for high-performance and eco-conscious applications. Growing demand for electric vehicles, premium automotive interiors, and smart furniture creates additional opportunities for advanced synthetic leather solutions. Strategic collaborations, investment in green manufacturing processes, and expansion into emerging markets are expected to further strengthen market prospects.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the synthetic leather market globally?
Which material types and applications are driving synthetic leather adoption across industries?
How are sustainability initiatives and material innovations reshaping the competitive landscape?
Who are the key players in the synthetic leather market, and what strategies are they adopting?
What are the emerging trends and future prospects in the global synthetic leather market?

Competitive Intelligence and Business Strategy:

Leading players in the global synthetic leather market focus on product innovation, sustainable material development, and capacity expansion to maintain a competitive edge. Companies are investing heavily in R&D to develop bio-based and water-based synthetic leather with enhanced performance and reduced environmental impact. Strategic partnerships with automotive OEMs, footwear brands, and furniture manufacturers help strengthen market presence and ensure long-term demand. Additionally, geographic expansion, vertical integration, and adoption of advanced coating and texturing technologies support competitive positioning in this evolving market landscape.

Key Companies Profiled:

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.

Synthetic Leather Market Research 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 and 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, 2024
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