PUBLISHER: QYResearch | PRODUCT CODE: 1862328
PUBLISHER: QYResearch | PRODUCT CODE: 1862328
The global market for Synthetic 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 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, is a man-made material designed to mimic the appearance and texture of natural leather. It is primarily made from synthetic polymers like Polyvinyl Chloride (PVC) or Polyurethane (PU), processed in such a way that it resembles real leather in terms of softness and visual appeal. Synthetic leather not only replicates the look of natural leather but also performs well in terms of durability and functionality, making it widely used in industries such as apparel, footwear, furniture, automotive interiors, and bags. In recent years, with growing environmental awareness and continuous technological advancements, the synthetic leather market has gained significant traction and is now a major alternative to traditional natural leather. Compared to natural leather, synthetic leather is more affordable, offers greater versatility, and is considered more eco-friendly, particularly with polyurethane (PU) synthetic leather, which is preferred by eco-conscious and animal rights groups for its production methods that avoid harmful substances.
From a market perspective, the demand for synthetic leather comes mainly from developed countries and emerging markets. Globally, as consumers' focus on sustainability and eco-friendly materials increases, synthetic leather has gained popularity, especially in the fashion and automotive industries, as a substitute that does not involve animal materials. According to market data, global synthetic leather production reached 4.765 billion square meters in 2024, with demand showing consistent growth year after year. With an increasing consumer awareness of eco-friendly materials, the application scenarios for synthetic leather are also expanding, and it is expected to continue to grow significantly in the coming years.
The growth of the synthetic leather market is mainly driven by environmental trends and shifting consumer demands. As environmental awareness grows, more consumers are opting for materials that do not involve animals, fueling the rapid growth of the synthetic leather market. This trend is particularly pronounced in the fashion and automotive industries, where eco-friendly and sustainable practices have become essential industry standards. Many brands have already adopted synthetic leather as a replacement for traditional leather, meeting consumer demand for environmentally conscious products while also reducing production costs. Furthermore, with technological advancements and improved production processes, especially breakthroughs in polyurethane (PU) technology, the feel, durability, and variety of synthetic leather have significantly improved, broadening its potential applications in both premium and emerging markets.
However, the synthetic leather market also faces several risks. First, the fluctuation of raw material prices is a significant risk factor. The production of synthetic leather relies on petrochemical products, especially PVC and PU, whose prices are highly susceptible to fluctuations in the global oil market. This could lead to increased production costs. Second, the pressure of environmental regulations is another risk. While synthetic leather is considered more eco-friendly than natural leather in many aspects, certain types of synthetic leather, especially PVC-based materials, may still have environmental impacts during production. As environmental regulations become stricter, manufacturers may face higher compliance costs and environmental burdens. Finally, the growing intensity of market competition could pressure businesses, as more companies enter the synthetic leather market, making product innovation and differentiation key to success.
In terms of downstream demand, the automotive and fashion industries are significant application areas for synthetic leather. As consumers demand more eco-friendly and sustainable products, automotive manufacturers are increasingly turning to synthetic leather to replace natural leather, especially in seats and interiors. In the fashion industry, as consumers become more concerned with animal rights and sustainability, more brands are shifting towards synthetic leather materials to meet the demand for eco-conscious fashion. Additionally, in developing countries, synthetic leather continues to see high demand in everyday consumer products like footwear and bags due to its lower production costs and versatile applications.
This report aims to provide a comprehensive presentation of the global market for Synthetic Leather, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Synthetic Leather by region & country, by Type, and by Application.
The Synthetic 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.
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 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 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 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.