Global Synthetic Leather (Artificial Leather) Market Growth 2025-2031

Global Synthetic Leather (Artificial Leather) Market Growth 2025-2031

The global Synthetic Leather (Artificial Leather) market size is predicted to grow from US$ 17950 million in 2025 to US$ 23180 million in 2031; it is expected to grow at a CAGR of 4.3% from 2025 to 2031.

Synthetic Leather is a manmade fabric that looks like leather. It has leather like surface and is dyed and treated to make it have the look and feel of real leather. It is often used as a substitute for real leather because it is less expensive and it does not require using a real animal hide to create.

Synthetic Leather was first produced near the turn of the century. The insufficient supplies and high cost of genuine leather brought about the demand for Synthetic Leather. Synthetic Leather has gradually replaced genuine leather in many fields. Over the past few decades, the demand for high quality Synthetic Leather has increased tremendously.

Though there are a number of materials used to produce Synthetic Leather, PU and PVC remain the most commonly used choices in market. PU Synthetic Leather is more flexible and has a much higher tensile, tearing and bursting strength. Furthermore, whereas PVC Synthetic Leather can only be used to make items with a low stress tolerance, PU Synthetic Leather can be used to make a wide variety of products which must be made from strong materials with a high stress tolerance such as boots, shoes bags, luggage, belts, gloves, and upholstery for furniture and car seats.

The Synthetic Leather (Artificial Leather) market covers PVC, Normal PU, Microfiber PU, Ecological function PU, etc. The typical players include Kuraray, Toray, Teijin, Covestro (Bayer), Shian Microfiber, Zhejiang Haobo (Wangkang Group), Asahi Kasei, Duksung, etc.

The market for synthetic leather (synthetic leather) is very fragmented. The main suppliers are Toray, Kuraray, medium Imitation Leather etc. Top 5 manufacturers accounted for 10% of global revenue.Asia-Pacific is the largest market with about 55% market share. Europe is follower, accounting for about 27% market share.In terms of product, normal PU is the largest segment, with a share over 40%. And in terms of application, the largest application is apparel & accessories, followed by furnishing.

LP Information, Inc. (LPI) ' newest research report, the “Synthetic Leather (Artificial Leather) Industry Forecast” looks at past sales and reviews total world Synthetic Leather (Artificial Leather) sales in 2024, providing a comprehensive analysis by region and market sector of projected Synthetic Leather (Artificial Leather) sales for 2025 through 2031. With Synthetic Leather (Artificial Leather) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synthetic Leather (Artificial Leather) industry.

This Insight Report provides a comprehensive analysis of the global Synthetic Leather (Artificial Leather) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Synthetic Leather (Artificial Leather) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Synthetic Leather (Artificial Leather) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synthetic Leather (Artificial Leather) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Synthetic Leather (Artificial Leather).

This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic Leather (Artificial Leather) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
PVC
Normal PU
Microfiber PU
Ecological function PU

Segmentation by Application:
Footwear
Apparel & Accessories
Furnishing
Automotive
Sports Goods
Bags
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Kuraray
Toray
Teijin
Covestro (Bayer)
Shian Microfiber
Zhejiang Haobo (Wangkang Group)
Asahi Kasei
Duksung
Daewon Chemical
Filwel
Kolon
San Fang Chemical
Nanya
Wenzhou Imitation Leather
Anhui Anli
Fujian Tianshou
Vulcaflex
Yantai Wanhua
Shandong Tongda
Hexin Holdings
Xiefu new materials
Huafon Microfibre
Double Elephant
Fujian Topsun
Benecke-Kaliko
Kyowa
Archilles
CGT
Mayur Uniquoters

Key Questions Addressed in this Report

What is the 10-year outlook for the global Synthetic Leather (Artificial Leather) market?

What factors are driving Synthetic Leather (Artificial Leather) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Synthetic Leather (Artificial Leather) market opportunities vary by end market size?

How does Synthetic Leather (Artificial Leather) break out by Type, by Application?