PUBLISHER: QYResearch | PRODUCT CODE: 1862239
PUBLISHER: QYResearch | PRODUCT CODE: 1862239
The global market for Synthetic Leather (Artificial Leather) was estimated to be worth US$ 20500 million in 2024 and is forecast to a readjusted size of US$ 34631 million by 2031 with a CAGR of 7.0% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Synthetic Leather (Artificial Leather) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
According to the study, in 2024, global Synthetic Leather production reached approximately 4,765 Million sqm, with an average global market price of around US$ 4.3 per sqm.
Synthetic leather, also known as artificial leather or faux leather, is a man-made material designed to replicate the look and feel of natural leather. It is primarily produced from plastic polymers such as polyvinyl chloride (PVC) or polyurethane (PU). Compared to natural leather, synthetic leather offers benefits like lower cost, lighter weight, and easier maintenance. With growing consumer demand for environmentally friendly products, especially those that avoid animal-based materials, synthetic leather has increasingly replaced natural leather in many applications across industries like fashion, footwear, home furnishings, automotive, and furniture. As technological advancements have improved the quality and performance of synthetic leather, its texture and durability now closely resemble that of natural leather. As a result, both brands and consumers are turning to synthetic leather as a sustainable alternative. With increasing environmental consciousness and consumer concerns about animal welfare, the global synthetic leather market continues to expand, particularly in emerging markets such as the Asia-Pacific region, where economic growth and the rise of the middle class have significantly boosted demand.
The synthetic leather market has significant growth opportunities. One of the main drivers is the increasing environmental consciousness among consumers. As demand for sustainable and eco-friendly products rises, more consumers are opting for synthetic leather as an alternative to traditional natural leather, particularly in the fashion and home furnishing industries. Technological innovation is also creating new opportunities for the market. Advances in new materials and production techniques have enhanced the quality of synthetic leather, making its texture and appearance closely resemble natural leather, while still meeting consumer demands for high-quality and environmentally friendly products. Additionally, with global economic growth, particularly in developing countries, the demand for mid-to-high-end synthetic leather products is rising, further boosting market potential.
Risks Facing the Market
However, the synthetic leather market also faces several risks. One of the most significant challenges is the volatility of raw material prices. Since synthetic leather is mainly made from petroleum-derived PVC and PU, fluctuations in global oil prices can impact production costs. Unstable raw material prices could potentially increase production costs and affect profitability. Environmental impact is another critical issue. While synthetic leather has some environmental benefits over natural leather, its production processes still involve chemical pollutants, and disposal of synthetic leather products can pose environmental challenges. Improving the recyclability and eco-friendliness of synthetic leather will be key for the industry's future. Additionally, market competition is becoming fiercer as more companies enter the sector. The increased number of players in the market, coupled with price competition and technological innovation, may put pressure on profit margins.
Downstream Demand Trends
The fashion industry is witnessing a growing demand for synthetic leather, especially among younger consumers who prioritize eco-friendly and animal-free products. As a result, many brands are shifting toward synthetic leather for their footwear, clothing, and accessories. The automotive industry is also seeing increased use of synthetic leather, especially in interior applications like seats, steering wheels, and trim. The demand for environmentally friendly, comfortable materials is driving automakers to adopt synthetic leather. Similarly, the furniture industry is expanding its use of synthetic leather, particularly in soft furniture items like sofas and chairs, as consumers place a greater emphasis on comfort and sustainability. Overall, downstream demand for synthetic leather is diversifying across fashion, automotive, and home furnishings, with increasing market growth in each of these sectors.
This report aims to provide a comprehensive presentation of the global market for Synthetic Leather (Artificial Leather), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Synthetic Leather (Artificial Leather) by region & country, by Type, and by Application.
The Synthetic Leather (Artificial Leather) market size, estimations, and forecasts are provided in terms of sales volume (M Sqm) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Synthetic Leather (Artificial Leather).
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Synthetic Leather (Artificial Leather) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Synthetic Leather (Artificial Leather) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Synthetic Leather (Artificial Leather) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.