The global synthetic leather market is estimated to be valued at in 2025 and is expected to reach by 2032, exhibiting a compound annual growth rate from 2025 to 2032. The global synthetic leather market represents a rapidly evolving segment within the broader materials industry, characterized by innovative manufacturing processes and diverse application possibilities across multiple sectors.
Synthetic leather, also known as artificial leather or faux leather, is manufactured using various polymer materials including Polyurethane (PU) and Polyvinyl Chloride (PVC), designed to replicate the appearance, texture, and functionality of genuine leather while offering enhanced durability, cost-effectiveness, and ethical advantages.
The global synthetic leather market is propelled by several compelling drivers that contribute to its robust growth trajectory, primarily including the escalating demand from the automotive industry where synthetic leather is extensively utilized for seat covers, dashboard panels, and interior trim applications due to its durability, easy maintenance, and cost-effectiveness compared to genuine leather alternatives.
The growing consumer consciousness regarding animal welfare and environmental sustainability has significantly boosted the adoption of synthetic leather products, particularly among younger demographics who prioritize ethical consumption patterns and cruelty-free alternatives.
- This report provides in-depth analysis of the global synthetic leather market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global synthetic leather market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include BASF, Foss Manufacturing Company, LLC, Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Corporation, DuPont de Nemours, Inc., Ahlstrom-Munksjö, LG Chem Ltd., Sappi Lanaken Mill, Vegan Leather Co., Hengli Group, Nitta Corporation, Kuraray Co., Ltd., Jiangsu Zhongxin Industrial Co., Ltd., and Yanfeng Automotive Interiors
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global synthetic leather market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global synthetic leather market
-
- PU Synthetic Leather
- PVC Synthetic Leather
- TPO Synthetic Leather
- Bio-based Leather
-
- Footwear
- Sports Shoes
- Formals Shoes
- Apparel
- Furniture
- Chairs
- Sofas
- Other furnishing
- Automotive
- Others
-
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
-
- BASF
- Foss Manufacturing Company, LLC
- Toray Industries, Inc.
- Teijin Limited
- Mitsubishi Chemical Corporation
- DuPont de Nemours, Inc.
- Ahlstrom-Munksjö
- LG Chem Ltd.
- Sappi Lanaken Mill
- Vegan Leather Co.
- Hengli Group
- Nitta Corporation
- Kuraray Co., Ltd.
- Jiangsu Zhongxin Industrial Co., Ltd.
- Yanfeng Automotive Interiors
