Table of Content - Synthetic Leather Market

The global synthetic leather market is estimated to be valued at USD 44.56 Bn in 2025 and is expected to reach USD 95.17 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 11.45% 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.

Market Dynamics

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.

Key Features of the Study

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

Market Segmentation

Leather Type Insights (Revenue, USD Bn, 2020 - 2032)
- PU Synthetic Leather
- PVC Synthetic Leather
- TPO Synthetic Leather
- Bio-based Leather
Application Insights (Revenue, USD Bn, 2020 - 2032)
- Footwear
- Sports Shoes
- Formals Shoes
- Apparel
- Furniture
- Chairs
- Sofas
- Other furnishing
- Automotive
- Others
Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
  - U.S.
  - Canada
- 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
Key Players Insights
- 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

Table of Contents

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Global Synthetic Leather Market, By Leather Type
  - Global Synthetic Leather Market, By Application
  - Global Synthetic Leather Market, By Region
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trends
Global Synthetic Leather Market, By Leather Type, 2020-2032, (USD Bn)
- Introduction
  - Market Share Analysis, 2025 and 2032 (%)
  - Y-o-Y Growth Analysis, 2021 - 2032
  - Segment Trends
- PU Synthetic Leather
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- PVC Synthetic Leather
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- TPO Synthetic Leather
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Bio-based Leather
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Global Synthetic Leather Market, By Application, 2020-2032, (USD Bn)
- Introduction
  - Market Share Analysis, 2025 and 2032 (%)
  - Y-o-Y Growth Analysis, 2021 - 2032
  - Segment Trends
- Footwear
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
    - Sports Shoes
    - Formals Shoes
- Apparel
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Furniture
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
    - Chairs
    - Sofas
    - Other furnishing
- Automotive
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Others
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Global Synthetic Leather Market, By Region, 2020 - 2032, Value (USD Bn)
- Introduction
  - Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
  - Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
  - Regional Trends
- North America
  - Introduction
  - Market Size and Forecast, By Leather Type, 2020 - 2032, Value (USD Bn)
  - Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
  - Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
    - U.S.
    - Canada
- Latin America
  - Introduction
  - Market Size and Forecast, By Leather Type, 2020 - 2032, Value (USD Bn)
  - Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
  - Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
    - Brazil
    - Argentina
    - Mexico
    - Rest of Latin America
- Europe
  - Introduction
  - Market Size and Forecast, By Leather Type, 2020 - 2032, Value (USD Bn)
  - Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
  - Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
    - Germany
    - U.K.
    - Spain
    - France
    - Italy
    - Russia
    - Rest of Europe
- Asia Pacific
  - Introduction
  - Market Size and Forecast, By Leather Type, 2020 - 2032, Value (USD Bn)
  - Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
  - Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
    - China
    - India
    - Japan
    - Australia
    - South Korea
    - ASEAN
    - Rest of Asia Pacific
- Middle East
  - Introduction
  - Market Size and Forecast, By Leather Type, 2020 - 2032, Value (USD Bn)
  - Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
  - Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
    - GCC Countries
    - Israel
    - Rest of Middle East
- Africa
  - Introduction
  - Market Size and Forecast, By Leather Type, 2020 - 2032, Value (USD Bn)
  - Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
  - Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
    - South Africa
    - North Africa
    - Central Africa
Competitive Landscape
- BASF
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Foss Manufacturing Company, LLC
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Toray Industries, Inc.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Teijin Limited
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Mitsubishi Chemical Corporation
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- DuPont de Nemours, Inc.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Ahlstrom-Munksjö
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- LG Chem Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Sappi Lanaken Mill
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Vegan Leather Co.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Hengli Group
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Nitta Corporation
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Kuraray Co., Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Jiangsu Zhongxin Industrial Co., Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Yanfeng Automotive Interiors
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
References and Research Methodology
- References
- Research Methodology
- About Us

*Browse 32 market data tables and 28 figures on ‘Synthetic Leather Market' - Global forecast to 2032

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SYNTHETIC LEATHER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025 - 2032)

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