Synthetic Leather Market by Type (Bio-Based, PU-Based, PVC-Based), End-user (Automotive, Bags, Purses & Wallets, Clothing) - Global Forecast 2024-2030
The Synthetic Leather Market size was estimated at USD 69.21 billion in 2023 and expected to reach USD 73.25 billion in 2024, at a CAGR 6.58% to reach USD 108.16 billion by 2030.
Synthetic leather, also known as artificial or faux leather, is a material intended to substitute for leather in fields such as upholstery, clothing, and other uses where a leather finish is desired and the actual material is cost-prohibitive or unsuitable. Synthetic leather is produced using polyurethane (PU), polyvinyl chloride (PVC, also known as vinyl), and newer environmentally friendly materials. These materials are engineered to mimic the texture, color, and consistency of genuine leather without the ethical and sustainability issues associated with animal leather. Increasing consumer awareness and preference for animal-free products is leading to higher demand for vegan leather, subsequently driving the market growth. Environmental concerns regarding the disposal and recyclability of synthetic leather, particularly PVC-based products, hamper the growth of the market. The growing development of bio-based and recycled materials to produce eco-friendly synthetic leather is expected to create opportunities for market growth.
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- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing consumer awareness and preference for animal-free products
- 5.1.1.2. Availability of regulations for reducing carbon footprint and environmental concerns
- 5.1.1.3. Increase in the sales of luxury goods and growth in vehicle vehicle production
- 5.1.2. Restraints
- 5.1.2.1. High cost of development of synthetic leather
- 5.1.3. Opportunities
- 5.1.3.1. Focus on the development of bio-based synthetic leather
- 5.1.3.2. Collaborations between synthetic leather manufacturers and fashion brands to introduce high-quality synthetic leather
- 5.1.4. Challenges
- 5.1.4.1. Availability for substitutes and alternatives for synthetic leather
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing usage of bio-based synthetic leather that primarily utilizes bio-based polymers
- 5.2.2. End-user: Growing potential of synthetic leather across the automotive sector due to its durability and ease of maintenance
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Synthetic Leather Market, by Type
- 6.1. Introduction
- 6.2. Bio-Based
- 6.3. PU-Based
- 6.4. PVC-Based
- 7. Synthetic Leather Market, by End-user
- 7.1. Introduction
- 7.2. Automotive
- 7.3. Bags, Purses & Wallets
- 7.4. Clothing
- 7.5. Footwear
- 7.6. Furnishing
- 8. Americas Synthetic Leather Market
- 8.1. Introduction
- 8.2. Argentina
- 8.3. Brazil
- 8.4. Canada
- 8.5. Mexico
- 8.6. United States
- 9. Asia-Pacific Synthetic Leather Market
- 9.1. Introduction
- 9.2. Australia
- 9.3. China
- 9.4. India
- 9.5. Indonesia
- 9.6. Japan
- 9.7. Malaysia
- 9.8. Philippines
- 9.9. Singapore
- 9.10. South Korea
- 9.11. Taiwan
- 9.12. Thailand
- 9.13. Vietnam
- 10. Europe, Middle East & Africa Synthetic Leather Market
- 10.1. Introduction
- 10.2. Denmark
- 10.3. Egypt
- 10.4. Finland
- 10.5. France
- 10.6. Germany
- 10.7. Israel
- 10.8. Italy
- 10.9. Netherlands
- 10.10. Nigeria
- 10.11. Norway
- 10.12. Poland
- 10.13. Qatar
- 10.14. Russia
- 10.15. Saudi Arabia
- 10.16. South Africa
- 10.17. Spain
- 10.18. Sweden
- 10.19. Switzerland
- 10.20. Turkey
- 10.21. United Arab Emirates
- 10.22. United Kingdom
- 11. Competitive Landscape
- 11.1. Market Share Analysis, 2023
- 11.2. FPNV Positioning Matrix, 2023
- 11.3. Competitive Scenario Analysis
- 11.3.1. Investment Boost for Synthetic Leather Firm
- 11.3.2. DK&D to Develop Green Artificial Leather with Chinese Partner
- 11.3.3. General Silicones Launches Vegan Synthetic Leather
- 11.4. Strategy Analysis & Recommendation
- 12. Competitive Portfolio
- 12.1. Key Company Profiles
- 12.2. Key Product Portfolio
- FIGURE 1. SYNTHETIC LEATHER MARKET RESEARCH PROCESS
- FIGURE 2. SYNTHETIC LEATHER MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL SYNTHETIC LEATHER MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL SYNTHETIC LEATHER MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL SYNTHETIC LEATHER MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. SYNTHETIC LEATHER MARKET DYNAMICS
- FIGURE 7. GLOBAL SYNTHETIC LEATHER MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL SYNTHETIC LEATHER MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL SYNTHETIC LEATHER MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL SYNTHETIC LEATHER MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. AMERICAS SYNTHETIC LEATHER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 12. AMERICAS SYNTHETIC LEATHER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. UNITED STATES SYNTHETIC LEATHER MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 14. UNITED STATES SYNTHETIC LEATHER MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. ASIA-PACIFIC SYNTHETIC LEATHER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 16. ASIA-PACIFIC SYNTHETIC LEATHER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. EUROPE, MIDDLE EAST & AFRICA SYNTHETIC LEATHER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. EUROPE, MIDDLE EAST & AFRICA SYNTHETIC LEATHER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. SYNTHETIC LEATHER MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 20. SYNTHETIC LEATHER MARKET, FPNV POSITIONING MATRIX, 2023
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