Global Polyurethane Synthetic Leather Market Size Study, by Type (PU, PVC, Bio-based) by Application (Footwear, Automotive, Furnishing, Clothing, Wallets, Bags & Purses) and Regional Forecasts 2022-2032

The Global Polyurethane Synthetic Leather Market is currently valued at USD 38.98 billion in 2023 and is anticipated to grow at a CAGR of 7.87% over the forecast period from 2024 to 2032, ultimately reaching USD 77.08 billion by 2032. With consumers and industries alike shifting towards sustainable, cruelty-free, and cost-effective alternatives, polyurethane (PU) synthetic leather has emerged as a highly preferred material in various applications, ranging from automotive upholstery and fashion apparel to footwear and furnishing.

The increasing demand for durable, aesthetically appealing, and functional synthetic materials has propelled PU synthetic leather into mainstream markets. As environmental concerns heighten, PU-based leather is gaining prominence over polyvinyl chloride (PVC) synthetic leather, which traditionally contains harmful plasticizers and produces toxic emissions during manufacturing. Additionally, bio-based polyurethane leather, derived from plant oils and biodegradable sources, is rapidly gaining traction as industries align with global sustainability goals. The ability of synthetic leather to mimic the texture, flexibility, and durability of genuine leather—while eliminating animal cruelty and high production costs—has positioned it as an integral component in modern material innovation.

Furthermore, continuous technological advancements in polyurethane coatings have significantly enhanced the durability, water resistance, and breathability of synthetic leather. Major fashion brands, automotive manufacturers, and furniture producers are investing heavily in research & development (R&D) to improve PU-based leather alternatives, ensuring they meet performance expectations while reducing environmental footprints. As consumer preferences shift towards vegan-friendly and cruelty-free products, PU synthetic leather is playing a pivotal role in reshaping industry standards.

The automotive sector has been a key growth driver in this market, with PU synthetic leather being widely used in vehicle interiors, seats, dashboards, and steering wheels. The footwear industry also remains a significant consumer of synthetic leather, given its cost-effectiveness, lightweight properties, and ability to be molded into different textures and finishes. Additionally, furnishing and apparel industries continue to incorporate PU synthetic leather into sofas, handbags, and high-end clothing due to its premium feel and long-lasting quality.

Geographically, Asia-Pacific dominates the Global Polyurethane Synthetic Leather Market, with China, India, and South Korea leading in both production and consumption. The region benefits from low raw material costs, increasing disposable incomes, and a thriving fashion industry. Meanwhile, North America and Europe are experiencing a surge in demand due to stringent sustainability regulations and consumer preferences for vegan-friendly alternatives. The Middle East & Africa and Latin America are also emerging as potential markets, fueled by growing urbanization, expanding retail sectors, and increased interest in eco-friendly materials.

Major market players included in this report are:
• Toray Industries, Inc.
• Kuraray Co., Ltd.
• San Fang Chemical Industry Co., Ltd.
• Teijin Limited
• Nan Ya Plastics Corporation
• Alfatex Italia SRL
• Mayur Uniquoters Limited
• Zhejiang Hexin Industry Group Co., Ltd.
• Yantai Wanhua Synthetic Leather Group Co., Ltd.
• Filwel Co. Ltd.
• Anhui Anli Material Technology Co., Ltd.
• Duksung Co. Ltd.
• Fujian Polytech Technology Corp., Ltd.
• BASF SE
• Covestro AG

The detailed segments and sub-segments of the market are explained below:

By Type:
• PU (Polyurethane)
• PVC (Polyvinyl Chloride)
• Bio-based

By Application:
• Footwear
• Automotive
• Furnishing
• Clothing
• Wallets, Bags & Purses

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years considered for the study are as follows:
• Historical Year: 2022, 2023
• Base Year: 2023
• Forecast Period: 2024-2032

Key Takeaways:
• Market estimates & forecasts for 10 years from 2022 to 2032.
• Annualized revenue projections with detailed regional-level analysis.
• Comprehensive analysis of geographical markets with country-specific insights.
• Competitive landscape with in-depth profiling of key players.
• Strategic recommendations and insights into evolving market trends.
• Demand-side and supply-side analysis to understand the industry dynamics.

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