Summary

The global synthetic leather market is poised for substantial growth, with forecasts predicting a rise from US$ 64.8 billion in 2025 to US$ 108.2 billion by 2032, reflecting a robust CAGR of 7.6%. As the demand for cruelty-free, sustainable, and cost-effective alternatives to genuine leather continues to rise, synthetic leather is gaining significant traction across key industries such as automotive, fashion, and furniture. Increasing adoption by global brands and stringent environmental regulations are acting as catalysts for market transformation, propelling innovation in plant-derived and high-performance materials.

Market Insights

Synthetic leather has evolved as a preferred substitute to traditional leather due to its affordability, versatility, and expanding eco-conscious appeal. The shift toward cruelty-free and sustainable options is prompting manufacturers to embrace bio-based and silicone leather variants. Polyurethane (PU) leather, known for its soft texture and breathability, remains dominant, especially in the fashion and furniture industries. Polyvinyl chloride (PVC) leather is also widely used in upholstery and accessories owing to its water resistance and low cost.

Environmental concerns and material innovation are shaping the future of the market. Companies are exploring new plant-derived sources, including pineapple leaves, apple peels, and mycelium, to produce bio-based leather. Automotive, fashion, and home décor sectors are witnessing a significant transition toward sustainable leather alternatives, further boosting demand.

Market Drivers

Several factors are driving the strong growth trajectory of the synthetic leather market:

1. Rising Demand for Durable and Eco-Friendly Alternatives: Growing awareness about animal welfare, coupled with increasing demand for cost-effective and durable alternatives, is pushing manufacturers toward synthetic leather, especially in footwear and fashion accessories.

2. Technological Innovation in Materials: Advancements in waterborne PU, silicone-based leather, and plant-derived materials are contributing to improved texture, performance, and sustainability of synthetic leather products.

3. Automotive Sector Expansion: Global vehicle production, particularly in electric vehicles, is spurring demand for synthetic leather in interiors. More than half of luxury car manufacturers have adopted synthetic leather to align with sustainability goals.

4. Supportive Regulatory Landscape: In regions like Europe, stringent regulations such as the EU’s Green Deal and REACH are pushing industries to transition from fossil-fuel-derived materials to greener alternatives.

5. Consumer Preferences for Ethical Products: The growing vegan fashion trend is increasing consumer demand for cruelty-free materials, prompting brands such as Nike and Puma to replace animal leather with synthetic and bio-based options.

Business Opportunity

The automotive industry presents the most promising avenue for synthetic leather manufacturers. As the sector moves toward lightweight, recyclable, and premium-grade materials, synthetic leather has emerged as a key component for car interiors. In 2023 alone, over 60% of new vehicles in North America integrated synthetic leather across multiple touchpoints including seats and dashboards.

Luxury and electric vehicles are particularly driving this trend, with electric vehicle adoption expected to account for 40% of global car sales by 2030. This evolution opens opportunities for innovation in performance, customization, and environmental compliance. Furthermore, the rise of fast fashion and evolving consumer preferences in emerging economies are expected to fuel demand for PU and bio-based synthetic leather in fashion and furniture segments.

Regional Analysis

Europe is at the forefront of sustainable synthetic leather adoption. Strict environmental policies and the phase-out of PVC leather by major brands have spurred the use of mycelium, apple leather, and other bio-based options. The European vegan leather market is projected to exceed USD 10 billion by 2030, with fashion and automotive brands leading the charge.

North America is witnessing widespread adoption of synthetic leather in the automotive sector. In 2023, the U.S. automotive industry, producing over 10 million vehicles, embraced PU and bio-based materials as viable replacements for traditional leather. Companies like Ford, GM, and Tesla are increasingly opting for synthetic interiors that meet both performance and sustainability standards.

Asia Pacific dominates synthetic leather production, driven by its vast fashion and footwear industries. With over 12 billion pairs of shoes produced in China in 2023 and a flourishing apparel market in India, PU leather continues to meet the demands of a price-sensitive, rapidly expanding consumer base. As the region moves toward more sustainable manufacturing, bio-based leather is also gaining popularity.

Competitive Landscape

The global synthetic leather market is highly competitive and innovation-driven. Leading companies are investing in research and development to produce low-VOC, recyclable, and biodegradable materials. Partnerships between chemical companies, startups, and research institutions are resulting in advanced fiber and coating technologies.

Prominent market players are enhancing their sustainable product portfolios to gain a competitive edge. For example:

• In October 2024, Puma launched an educational initiative, #KnowYourStuff, with the United Nations to raise awareness about the environmental footprint of leather production.

• In June 2024, a German consortium led by DITF and FILK developed polybutylene succinate (PBS)-based synthetic leather, offering enhanced performance and biodegradability.

Companies such as BASF, Dow Inc., and Toray Industries are introducing innovative offerings like TPU-based solutions and mycelium leather, reshaping the industry landscape. Key players are also promoting sustainability through transparent labeling and green marketing strategies.

Key Players

• Toray Industries Inc.

• Kuraray Co. Ltd.

• San Fang Chemical Industry Co., Ltd.

• BASF SE

• Dow Inc.

• TEIJIN FRONTIER (U.S.A.), INC.

• Zhejiang Hexin New Material Co., Ltd.

• Yantai Wanhua Huayi Polyurethane Products Co., Ltd.

• Alfatex

• FILWEL Co., Ltd.

• Kolon Industries, Inc.

An Expert’s View

According to industry experts, synthetic leather is transitioning from being merely a cost-effective substitute to a sustainability-driven material of the future. Innovations like Dow’s LuxSense™ and BASF’s Elastollan® are redefining performance benchmarks, especially in automotive applications. Additionally, MycoWorks and other startups are driving breakthroughs in mycelium leather, proving the material’s viability in mainstream production.

With Italy facing challenges due to hazardous leather waste, the broader European market is embracing sustainable synthetic alternatives. Globally, the shift toward plant-based solutions, supported by regulatory frameworks and consumer activism, is shaping the future of leather manufacturing.

Segmentation

By Material Type

• Polyurethane (PU) Leather

• Polyvinyl Chloride (PVC) Leather

• Silicone Leather

• Bio-Based PU Leather

By Application

• Fashion Accessories

• Apparel

• Footwear

• Furniture

• Automotive

• Others

By Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa

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Table of Contents

1. Executive Summary
1.1. Global Synthetic Leather Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2025
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. COVID-19 Impact Analysis
2.5. Porter's Fiver Forces Analysis
2.6. Impact of Russia-Ukraine Conflict
2.7. PESTLE Analysis
2.8. Regulatory Analysis
2.9. Price Trend Analysis
2.9.1. Current Prices and Future Projections, 2025-2032
2.9.2. Price Impact Factors
3. Global Synthetic Leather Market Outlook, 2019-2032
3.1. Global Synthetic Leather Market Outlook, by Type, Value (US$ Bn) & Volume (Tons), 2019-2032
3.1.1. Polyurethane (PU) Leather
3.1.2. Polyvinyl Chloride (PVC) Leather
3.1.3. Silicone Leather
3.1.4. Bio-Based PU Leather
3.2. Global Synthetic Leather Market Outlook, by Application, Value (US$ Bn) & Volume (Tons), 2019-2032
3.2.1. Fashion Accessories
3.2.2. Apparel
3.2.3. Footwear
3.2.4. Furniture
3.2.5. Automotive
3.2.6. Others
3.3. Global Synthetic Leather Market Outlook, by Region, Value (US$ Bn) & Volume (Tons), 2019-2032
3.3.1. North America
3.3.2. Europe
3.3.3. Asia Pacific
3.3.4. Latin America
3.3.5. Middle East & Africa
4. North America Synthetic Leather Market Outlook, 2019-2032
4.1. North America Synthetic Leather Market Outlook, by Type, Value (US$ Bn) & Volume (Tons), 2019-2032
4.1.1. Polyurethane (PU) Leather
4.1.2. Polyvinyl Chloride (PVC) Leather
4.1.3. Silicone Leather
4.1.4. Bio-Based PU Leather
4.2. North America Synthetic Leather Market Outlook, by Application, Value (US$ Bn) & Volume (Tons), 2019-2032
4.2.1. Fashion Accessories
4.2.2. Apparel
4.2.3. Footwear
4.2.4. Furniture
4.2.5. Automotive
4.2.6. Others
4.3. North America Synthetic Leather Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
4.3.1. U.S. Synthetic Leather Market Outlook, by Type, 2019-2032
4.3.2. U.S. Synthetic Leather Market Outlook, by Application, 2019-2032
4.3.3. Canada Synthetic Leather Market Outlook, by Type, 2019-2032
4.3.4. Canada Synthetic Leather Market Outlook, by Application, 2019-2032
4.4. BPS Analysis/Market Attractiveness Analysis
5. Europe Synthetic Leather Market Outlook, 2019-2032
5.1. Europe Synthetic Leather Market Outlook, by Type, Value (US$ Bn) & Volume (Tons), 2019-2032
5.1.1. Polyurethane (PU) Leather
5.1.2. Polyvinyl Chloride (PVC) Leather
5.1.3. Silicone Leather
5.1.4. Bio-Based PU Leather
5.2. Europe Synthetic Leather Market Outlook, by Application, Value (US$ Bn) & Volume (Tons), 2019-2032
5.2.1. Fashion Accessories
5.2.2. Apparel
5.2.3. Footwear
5.2.4. Furniture
5.2.5. Automotive
5.2.6. Others
5.3. Europe Synthetic Leather Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
5.3.1. Germany Synthetic Leather Market Outlook, by Type, 2019-2032
5.3.2. Germany Synthetic Leather Market Outlook, by Application, 2019-2032
5.3.3. Italy Synthetic Leather Market Outlook, by Type, 2019-2032
5.3.4. Italy Synthetic Leather Market Outlook, by Application, 2019-2032
5.3.5. France Synthetic Leather Market Outlook, by Type, 2019-2032
5.3.6. France Synthetic Leather Market Outlook, by Application, 2019-2032
5.3.7. U.K. Synthetic Leather Market Outlook, by Type, 2019-2032
5.3.8. U.K. Synthetic Leather Market Outlook, by Application, 2019-2032
5.3.9. Spain Synthetic Leather Market Outlook, by Type, 2019-2032
5.3.10. Spain Synthetic Leather Market Outlook, by Application, 2019-2032
5.3.11. Russia Synthetic Leather Market Outlook, by Type, 2019-2032
5.3.12. Russia Synthetic Leather Market Outlook, by Application, 2019-2032
5.3.13. Rest of Europe Synthetic Leather Market Outlook, by Type, 2019-2032
5.3.14. Rest of Europe Synthetic Leather Market Outlook, by Application, 2019-2032
5.4. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Synthetic Leather Market Outlook, 2019-2032
6.1. Asia Pacific Synthetic Leather Market Outlook, by Type, Value (US$ Bn) & Volume (Tons), 2019-2032
6.1.1. Polyurethane (PU) Leather
6.1.2. Polyvinyl Chloride (PVC) Leather
6.1.3. Silicone Leather
6.1.4. Bio-Based PU Leather
6.2. Asia Pacific Synthetic Leather Market Outlook, by Application, Value (US$ Bn) & Volume (Tons), 2019-2032
6.2.1. Fashion Accessories
6.2.2. Apparel
6.2.3. Footwear
6.2.4. Furniture
6.2.5. Automotive
6.2.6. Others
6.3. Asia Pacific Synthetic Leather Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
6.3.1. China Synthetic Leather Market Outlook, by Type, 2019-2032
6.3.2. China Synthetic Leather Market Outlook, by Application, 2019-2032
6.3.3. Japan Synthetic Leather Market Outlook, by Type, 2019-2032
6.3.4. Japan Synthetic Leather Market Outlook, by Application, 2019-2032
6.3.5. South Korea Synthetic Leather Market Outlook, by Type, 2019-2032
6.3.6. South Korea Synthetic Leather Market Outlook, by Application, 2019-2032
6.3.7. India Synthetic Leather Market Outlook, by Type, 2019-2032
6.3.8. India Synthetic Leather Market Outlook, by Application, 2019-2032
6.3.9. Southeast Asia Synthetic Leather Market Outlook, by Type, 2019-2032
6.3.10. Southeast Asia Synthetic Leather Market Outlook, by Application, 2019-2032
6.3.11. Rest of SAO Synthetic Leather Market Outlook, by Type, 2019-2032
6.3.12. Rest of SAO Synthetic Leather Market Outlook, by Application, 2019-2032
6.4. BPS Analysis/Market Attractiveness Analysis
7. Latin America Synthetic Leather Market Outlook, 2019-2032
7.1. Latin America Synthetic Leather Market Outlook, by Type, Value (US$ Bn) & Volume (Tons), 2019-2032
7.1.1. Polyurethane (PU) Leather
7.1.2. Polyvinyl Chloride (PVC) Leather
7.1.3. Silicone Leather
7.1.4. Bio-Based PU Leather
7.2. Latin America Synthetic Leather Market Outlook, by Application, Value (US$ Bn) & Volume (Tons), 2019-2032
7.2.1. Fashion Accessories
7.2.2. Apparel
7.2.3. Footwear
7.2.4. Furniture
7.2.5. Automotive
7.2.6. Others
7.3. Latin America Synthetic Leather Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
7.3.1. Brazil Synthetic Leather Market Outlook, by Type, 2019-2032
7.3.2. Brazil Synthetic Leather Market Outlook, by Application, 2019-2032
7.3.3. Mexico Synthetic Leather Market Outlook, by Type, 2019-2032
7.3.4. Mexico Synthetic Leather Market Outlook, by Application, 2019-2032
7.3.5. Argentina Synthetic Leather Market Outlook, by Type, 2019-2032
7.3.6. Argentina Synthetic Leather Market Outlook, by Application, 2019-2032
7.3.7. Rest of LATAM Synthetic Leather Market Outlook, by Type, 2019-2032
7.3.8. Rest of LATAM Synthetic Leather Market Outlook, by Application, 2019-2032
7.4. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Synthetic Leather Market Outlook, 2019-2032
8.1. Middle East & Africa Synthetic Leather Market Outlook, by Type, Value (US$ Bn) & Volume (Tons), 2019-2032
8.1.1. Polyurethane (PU) Leather
8.1.2. Polyvinyl Chloride (PVC) Leather
8.1.3. Silicone Leather
8.1.4. Bio-Based PU Leather
8.2. Middle East & Africa Synthetic Leather Market Outlook, by Application, Value (US$ Bn) & Volume (Tons), 2019-2032
8.2.1. Fashion Accessories
8.2.2. Apparel
8.2.3. Footwear
8.2.4. Furniture
8.2.5. Automotive
8.2.6. Others
8.3. Middle East & Africa Synthetic Leather Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
8.3.1. GCC Synthetic Leather Market Outlook, by Type, 2019-2032
8.3.2. GCC Synthetic Leather Market Outlook, by Application, 2019-2032
8.3.3. South Africa Synthetic Leather Market Outlook, by Type, 2019-2032
8.3.4. South Africa Synthetic Leather Market Outlook, by Application, 2019-2032
8.3.5. Egypt Synthetic Leather Market Outlook, by Type, 2019-2032
8.3.6. Egypt Synthetic Leather Market Outlook, by Application, 2019-2032
8.3.7. Nigeria Synthetic Leather Market Outlook, by Type, 2019-2032
8.3.8. Nigeria Synthetic Leather Market Outlook, by Application, 2019-2032
8.3.9. Rest of Middle East Synthetic Leather Market Outlook, by Type, 2019-2032
8.3.10. Rest of Middle East Synthetic Leather Market Outlook, by Application, 2019-2032
8.4. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Company Vs Segment Heatmap
9.2. Company Market Share Analysis, 2025
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. TORAY INDUSTRIES, INC.
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Developments
9.4.2. Kuraray Co. Ltd.
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Developments
9.4.3. San Fang Chemical Industry Co., Ltd.
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Developments
9.4.4. BASF SE
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Developments
9.4.5. NAN YA PLASTICS CORPORATION
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Developments
9.4.6. Mayur Uniquoters Limited
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Developments
9.4.7. H.R. Polycoats Pvt. Ltd.
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Developments
9.4.8. Dow Inc.
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Developments
9.4.9. TEIJIN FRONTIER(U.S.A.),INC.
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Developments
9.4.10. Zhejiang Hexin New Material Co., Ltd.
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Developments
9.4.11. Yantai Wanhua Huayi Polyurethane Products Co., Ltd.
9.4.11.1. Company Overview
9.4.11.2. Product Portfolio
9.4.11.3. Financial Overview
9.4.11.4. Business Strategies and Developments
9.4.12. Alfatex
9.4.12.1. Company Overview
9.4.12.2. Product Portfolio
9.4.12.3. Financial Overview
9.4.12.4. Business Strategies and Developments
9.4.13. FILWEL Co., Ltd.
9.4.13.1. Company Overview
9.4.13.2. Product Portfolio
9.4.13.3. Financial Overview
9.4.13.4. Business Strategies and Developments
9.4.14. Kolon Industries, Inc.
9.4.14.1. Company Overview
9.4.14.2. Product Portfolio
9.4.14.3. Financial Overview
9.4.14.4. Business Strategies and Developments
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations