Global Synthetic Leather Market Growth 2025-2031

The global Synthetic Leather market size is predicted to grow from US$ 6116 million in 2025 to US$ 6547 million in 2031; it is expected to grow at a CAGR of 1.1% from 2025 to 2031.

Synthetic Leather is 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. Normal PU 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, Normal PU 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.

China is the largest market with about 40% market share. Europe and Japan are follower, accounting for about 30% market share.

The key players are Kuraray, Toray, Teijin, Bayer, Shandong Friendship, Wangkang Group, Asahi Kasei, Duksung, Daewon Chemical, Filwel, Kolon, San Fang Chemical, Nanya, Wenzhou Imitation Leather, Anhui Anli, Fujian Tianshou, Shandong Jinfeng, Yantai Wanhua, Shandong Tongda, Jiaxing Hexin, Xiefu new materials, Huafeng Group, Wenzhou Huanghe, Meisheng Industrial, Xiamen Hongxin, Fujian Huayang, Sanling, Hongdeli etc. Top 5 companies occupied about 23% market share.

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

This Insight Report provides a comprehensive analysis of the global Synthetic 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 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Synthetic Leather market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synthetic 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.

This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic 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:
Sport Shoes
Bags
Furniture
Car Interiors
Sports Goods

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
Bayer
Shandong Friendship
Wangkang Group
Asahi Kasei
Duksung
Daewon Chemical
Filwel
Kolon
San Fang Chemical
Nanya
Wenzhou Imitation Leather
Anhui Anli
Fujian Tianshou
Shandong Jinfeng
Yantai Wanhua
Shandong Tongda
Jiaxing Hexin
Xiefu new materials
Huafeng Group
Wenzhou Huanghe
Meisheng Industrial
Xiamen Hongxin
Fujian Huayang
Sanling
Hongdeli

Key Questions Addressed in this Report

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

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

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

How do Synthetic Leather market opportunities vary by end market size?

How does Synthetic Leather break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.