Summary

The global market for Microfiber Synthetic Leather was estimated to be worth US$ 1556 million in 2024 and is forecast to a readjusted size of US$ 1954 million by 2031 with a CAGR of 3.5% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Microfiber Synthetic Leather cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Microfiber leather, short for microfiber synthetic leather, is a high-performance synthetic material composed of a three-dimensional nonwoven microfiber base layer combined with polyurethane (PU) resin. It closely mimics the texture, appearance, and durability of natural leather, and in some cases even surpasses it. It is widely used in automotive interiors, furniture, footwear, bags, sporting goods, and more.

Global Market Status & Trends：
Rising Demand: With stricter environmental regulations and increasing awareness of animal welfare, microfiber leather has emerged as a sustainable alternative to genuine leather, witnessing rapid growth in demand.
Trend Toward Premiumization: High-end automotive, luxury fashion, and sportswear brands are increasingly adopting microfiber leather to replace natural leather without compromising quality.
Ongoing Technological Innovation: The industry is focusing on enhancing features such as breathability, abrasion resistance, antibacterial properties, and waterproofing, aiming to increase product value.
Global Expansion: China remains the production hub, exporting large volumes to Europe, the Middle East, Southeast Asia, and the Americas, while local brands are establishing overseas manufacturing bases.
Future Prospects:
Sustainability as a Growth Driver: Global commitments to carbon neutrality are pushing demand for eco-friendly materials, with microfiber leather becoming a mainstream choice.
Huge Replacement Potential: In sectors like automotive interiors and premium furniture, the penetration of microfiber leather is still below 30%, indicating substantial growth opportunities.
Expansion into Emerging Applications: New industries such as metaverse hardware, wearable tech, and sustainable packaging are exploring microfiber leather for functional uses.
Key Challenges:
Raw Material Price Volatility: Prices of petroleum-based chemicals like PU and DMF can significantly affect production costs.
Stringent Environmental Regulations: Compliance with international standards such as REACH (EU) and Proposition 65 (California) is increasingly demanding.
Brand Trust & Market Education: Consumer perception of "synthetic" materials needs strategic branding, especially in the luxury segment.
Rising Homogenization: With relatively low entry barriers, the industry faces fierce competition, especially in the low- and mid-end markets.
main players are Huafon Group, Kuraray, Toray, Hexin Group, etc. Global top four manufacturers hold a share over 30%. China is the largest market, with a share nearly 65%.
This report aims to provide a comprehensive presentation of the global market for Microfiber Synthetic Leather, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Microfiber Synthetic Leather by region & country, by Type, and by Application.
The Microfiber Synthetic Leather market size, estimations, and forecasts are provided in terms of sales volume (K sqm) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Microfiber Synthetic Leather.
Market Segmentation
By Company
Huafon Group
Kuraray
Toray
Hexin Group
Tongda Island
Wuxi Double Elephant Micro Fibre Material
Topsun Micro Fiber
Teijin Cordley
Asahi Kasei
Jujie Microfibers Materials
Kolon Industries
San Fang Chemical Industry
Yantai Wanhua Huayi
Zhejiang Meisheng New Material
FILWEL
Sanling Micro Fiber
Daewon
Nan Ya Plastics Corporation
Ecolorica
Jeongsan International
Shandong Kaitai Microfiber
Segment by Type
Co-Blending Spinning
Composite Spinning
Direct Spinning
Segment by Application
Shoes Industry
Furniture Industry
Automotive Industry
Case & Bag Industry
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Microfiber Synthetic Leather manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Microfiber Synthetic Leather in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Microfiber Synthetic Leather in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

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Table of Contents

1 Market Overview
1.1 Microfiber Synthetic Leather Product Introduction
1.2 Global Microfiber Synthetic Leather Market Size Forecast
1.2.1 Global Microfiber Synthetic Leather Sales Value (2020-2031)
1.2.2 Global Microfiber Synthetic Leather Sales Volume (2020-2031)
1.2.3 Global Microfiber Synthetic Leather Sales Price (2020-2031)
1.3 Microfiber Synthetic Leather Market Trends & Drivers
1.3.1 Microfiber Synthetic Leather Industry Trends
1.3.2 Microfiber Synthetic Leather Market Drivers & Opportunity
1.3.3 Microfiber Synthetic Leather Market Challenges
1.3.4 Microfiber Synthetic Leather Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Microfiber Synthetic Leather Players Revenue Ranking (2024)
2.2 Global Microfiber Synthetic Leather Revenue by Company (2020-2025)
2.3 Global Microfiber Synthetic Leather Players Sales Volume Ranking (2024)
2.4 Global Microfiber Synthetic Leather Sales Volume by Company Players (2020-2025)
2.5 Global Microfiber Synthetic Leather Average Price by Company (2020-2025)
2.6 Key Manufacturers Microfiber Synthetic Leather Manufacturing Base and Headquarters
2.7 Key Manufacturers Microfiber Synthetic Leather Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Microfiber Synthetic Leather
2.9 Microfiber Synthetic Leather Market Competitive Analysis
2.9.1 Microfiber Synthetic Leather Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Microfiber Synthetic Leather Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Microfiber Synthetic Leather as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Co-Blending Spinning
3.1.2 Composite Spinning
3.1.3 Direct Spinning
3.2 Global Microfiber Synthetic Leather Sales Value by Type
3.2.1 Global Microfiber Synthetic Leather Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Microfiber Synthetic Leather Sales Value, by Type (2020-2031)
3.2.3 Global Microfiber Synthetic Leather Sales Value, by Type (%) (2020-2031)
3.3 Global Microfiber Synthetic Leather Sales Volume by Type
3.3.1 Global Microfiber Synthetic Leather Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Microfiber Synthetic Leather Sales Volume, by Type (2020-2031)
3.3.3 Global Microfiber Synthetic Leather Sales Volume, by Type (%) (2020-2031)
3.4 Global Microfiber Synthetic Leather Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Shoes Industry
4.1.2 Furniture Industry
4.1.3 Automotive Industry
4.1.4 Case & Bag Industry
4.1.5 Others
4.2 Global Microfiber Synthetic Leather Sales Value by Application
4.2.1 Global Microfiber Synthetic Leather Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Microfiber Synthetic Leather Sales Value, by Application (2020-2031)
4.2.3 Global Microfiber Synthetic Leather Sales Value, by Application (%) (2020-2031)
4.3 Global Microfiber Synthetic Leather Sales Volume by Application
4.3.1 Global Microfiber Synthetic Leather Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Microfiber Synthetic Leather Sales Volume, by Application (2020-2031)
4.3.3 Global Microfiber Synthetic Leather Sales Volume, by Application (%) (2020-2031)
4.4 Global Microfiber Synthetic Leather Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Microfiber Synthetic Leather Sales Value by Region
5.1.1 Global Microfiber Synthetic Leather Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Microfiber Synthetic Leather Sales Value by Region (2020-2025)
5.1.3 Global Microfiber Synthetic Leather Sales Value by Region (2026-2031)
5.1.4 Global Microfiber Synthetic Leather Sales Value by Region (%), (2020-2031)
5.2 Global Microfiber Synthetic Leather Sales Volume by Region
5.2.1 Global Microfiber Synthetic Leather Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Microfiber Synthetic Leather Sales Volume by Region (2020-2025)
5.2.3 Global Microfiber Synthetic Leather Sales Volume by Region (2026-2031)
5.2.4 Global Microfiber Synthetic Leather Sales Volume by Region (%), (2020-2031)
5.3 Global Microfiber Synthetic Leather Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Microfiber Synthetic Leather Sales Value, 2020-2031
5.4.2 North America Microfiber Synthetic Leather Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Microfiber Synthetic Leather Sales Value, 2020-2031
5.5.2 Europe Microfiber Synthetic Leather Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Microfiber Synthetic Leather Sales Value, 2020-2031
5.6.2 Asia Pacific Microfiber Synthetic Leather Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Microfiber Synthetic Leather Sales Value, 2020-2031
5.7.2 South America Microfiber Synthetic Leather Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Microfiber Synthetic Leather Sales Value, 2020-2031
5.8.2 Middle East & Africa Microfiber Synthetic Leather Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Microfiber Synthetic Leather Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Microfiber Synthetic Leather Sales Value and Sales Volume
6.2.1 Key Countries/Regions Microfiber Synthetic Leather Sales Value, 2020-2031
6.2.2 Key Countries/Regions Microfiber Synthetic Leather Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Microfiber Synthetic Leather Sales Value, 2020-2031
6.3.2 United States Microfiber Synthetic Leather Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Microfiber Synthetic Leather Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Microfiber Synthetic Leather Sales Value, 2020-2031
6.4.2 Europe Microfiber Synthetic Leather Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Microfiber Synthetic Leather Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Microfiber Synthetic Leather Sales Value, 2020-2031
6.5.2 China Microfiber Synthetic Leather Sales Value by Type (%), 2024 VS 2031
6.5.3 China Microfiber Synthetic Leather Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Microfiber Synthetic Leather Sales Value, 2020-2031
6.6.2 Japan Microfiber Synthetic Leather Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Microfiber Synthetic Leather Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Microfiber Synthetic Leather Sales Value, 2020-2031
6.7.2 South Korea Microfiber Synthetic Leather Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Microfiber Synthetic Leather Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Microfiber Synthetic Leather Sales Value, 2020-2031
6.8.2 Southeast Asia Microfiber Synthetic Leather Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Microfiber Synthetic Leather Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Microfiber Synthetic Leather Sales Value, 2020-2031
6.9.2 India Microfiber Synthetic Leather Sales Value by Type (%), 2024 VS 2031
6.9.3 India Microfiber Synthetic Leather Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Huafon Group
7.1.1 Huafon Group Company Information
7.1.2 Huafon Group Introduction and Business Overview
7.1.3 Huafon Group Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Huafon Group Microfiber Synthetic Leather Product Offerings
7.1.5 Huafon Group Recent Development
7.2 Kuraray
7.2.1 Kuraray Company Information
7.2.2 Kuraray Introduction and Business Overview
7.2.3 Kuraray Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Kuraray Microfiber Synthetic Leather Product Offerings
7.2.5 Kuraray Recent Development
7.3 Toray
7.3.1 Toray Company Information
7.3.2 Toray Introduction and Business Overview
7.3.3 Toray Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Toray Microfiber Synthetic Leather Product Offerings
7.3.5 Toray Recent Development
7.4 Hexin Group
7.4.1 Hexin Group Company Information
7.4.2 Hexin Group Introduction and Business Overview
7.4.3 Hexin Group Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Hexin Group Microfiber Synthetic Leather Product Offerings
7.4.5 Hexin Group Recent Development
7.5 Tongda Island
7.5.1 Tongda Island Company Information
7.5.2 Tongda Island Introduction and Business Overview
7.5.3 Tongda Island Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Tongda Island Microfiber Synthetic Leather Product Offerings
7.5.5 Tongda Island Recent Development
7.6 Wuxi Double Elephant Micro Fibre Material
7.6.1 Wuxi Double Elephant Micro Fibre Material Company Information
7.6.2 Wuxi Double Elephant Micro Fibre Material Introduction and Business Overview
7.6.3 Wuxi Double Elephant Micro Fibre Material Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Wuxi Double Elephant Micro Fibre Material Microfiber Synthetic Leather Product Offerings
7.6.5 Wuxi Double Elephant Micro Fibre Material Recent Development
7.7 Topsun Micro Fiber
7.7.1 Topsun Micro Fiber Company Information
7.7.2 Topsun Micro Fiber Introduction and Business Overview
7.7.3 Topsun Micro Fiber Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Topsun Micro Fiber Microfiber Synthetic Leather Product Offerings
7.7.5 Topsun Micro Fiber Recent Development
7.8 Teijin Cordley
7.8.1 Teijin Cordley Company Information
7.8.2 Teijin Cordley Introduction and Business Overview
7.8.3 Teijin Cordley Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Teijin Cordley Microfiber Synthetic Leather Product Offerings
7.8.5 Teijin Cordley Recent Development
7.9 Asahi Kasei
7.9.1 Asahi Kasei Company Information
7.9.2 Asahi Kasei Introduction and Business Overview
7.9.3 Asahi Kasei Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Asahi Kasei Microfiber Synthetic Leather Product Offerings
7.9.5 Asahi Kasei Recent Development
7.10 Jujie Microfibers Materials
7.10.1 Jujie Microfibers Materials Company Information
7.10.2 Jujie Microfibers Materials Introduction and Business Overview
7.10.3 Jujie Microfibers Materials Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Jujie Microfibers Materials Microfiber Synthetic Leather Product Offerings
7.10.5 Jujie Microfibers Materials Recent Development
7.11 Kolon Industries
7.11.1 Kolon Industries Company Information
7.11.2 Kolon Industries Introduction and Business Overview
7.11.3 Kolon Industries Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Kolon Industries Microfiber Synthetic Leather Product Offerings
7.11.5 Kolon Industries Recent Development
7.12 San Fang Chemical Industry
7.12.1 San Fang Chemical Industry Company Information
7.12.2 San Fang Chemical Industry Introduction and Business Overview
7.12.3 San Fang Chemical Industry Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 San Fang Chemical Industry Microfiber Synthetic Leather Product Offerings
7.12.5 San Fang Chemical Industry Recent Development
7.13 Yantai Wanhua Huayi
7.13.1 Yantai Wanhua Huayi Company Information
7.13.2 Yantai Wanhua Huayi Introduction and Business Overview
7.13.3 Yantai Wanhua Huayi Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Yantai Wanhua Huayi Microfiber Synthetic Leather Product Offerings
7.13.5 Yantai Wanhua Huayi Recent Development
7.14 Zhejiang Meisheng New Material
7.14.1 Zhejiang Meisheng New Material Company Information
7.14.2 Zhejiang Meisheng New Material Introduction and Business Overview
7.14.3 Zhejiang Meisheng New Material Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Zhejiang Meisheng New Material Microfiber Synthetic Leather Product Offerings
7.14.5 Zhejiang Meisheng New Material Recent Development
7.15 FILWEL
7.15.1 FILWEL Company Information
7.15.2 FILWEL Introduction and Business Overview
7.15.3 FILWEL Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 FILWEL Microfiber Synthetic Leather Product Offerings
7.15.5 FILWEL Recent Development
7.16 Sanling Micro Fiber
7.16.1 Sanling Micro Fiber Company Information
7.16.2 Sanling Micro Fiber Introduction and Business Overview
7.16.3 Sanling Micro Fiber Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Sanling Micro Fiber Microfiber Synthetic Leather Product Offerings
7.16.5 Sanling Micro Fiber Recent Development
7.17 Daewon
7.17.1 Daewon Company Information
7.17.2 Daewon Introduction and Business Overview
7.17.3 Daewon Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Daewon Microfiber Synthetic Leather Product Offerings
7.17.5 Daewon Recent Development
7.18 Nan Ya Plastics Corporation
7.18.1 Nan Ya Plastics Corporation Company Information
7.18.2 Nan Ya Plastics Corporation Introduction and Business Overview
7.18.3 Nan Ya Plastics Corporation Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Nan Ya Plastics Corporation Microfiber Synthetic Leather Product Offerings
7.18.5 Nan Ya Plastics Corporation Recent Development
7.19 Ecolorica
7.19.1 Ecolorica Company Information
7.19.2 Ecolorica Introduction and Business Overview
7.19.3 Ecolorica Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Ecolorica Microfiber Synthetic Leather Product Offerings
7.19.5 Ecolorica Recent Development
7.20 Jeongsan International
7.20.1 Jeongsan International Company Information
7.20.2 Jeongsan International Introduction and Business Overview
7.20.3 Jeongsan International Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.20.4 Jeongsan International Microfiber Synthetic Leather Product Offerings
7.20.5 Jeongsan International Recent Development
7.21 Shandong Kaitai Microfiber
7.21.1 Shandong Kaitai Microfiber Company Information
7.21.2 Shandong Kaitai Microfiber Introduction and Business Overview
7.21.3 Shandong Kaitai Microfiber Microfiber Synthetic Leather Sales, Revenue, Price and Gross Margin (2020-2025)
7.21.4 Shandong Kaitai Microfiber Microfiber Synthetic Leather Product Offerings
7.21.5 Shandong Kaitai Microfiber Recent Development
8 Industry Chain Analysis
8.1 Microfiber Synthetic Leather Industrial Chain
8.2 Microfiber Synthetic Leather Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Microfiber Synthetic Leather Sales Model
8.5.2 Sales Channel
8.5.3 Microfiber Synthetic Leather Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer