According to Fortune Business Insights, The global synthetic leather market size is expected to display robust growth during the forecast period of 2025-2032. Synthetic leather is a type of leather produced from artificial sources and has gained significant traction among eco-conscious customers. There are several uses of this leather, such as in car seats, armrests, and headrests. The increasing adoption of synthetic leather due to its high durability and easy usage will drive the market growth.
The furniture and upholstery industry is a major driver of the synthetic leather market. Widely used for upholstering items such as sofas, chairs, recliners, and ottomans, synthetic leather provides the aesthetic and tactile appeal of real leather at a lower cost and with less upkeep. Additionally, rising awareness around animal welfare has led to a growing preference for cruelty-free materials. As an animal-friendly option, synthetic leather is seeing increased adoption, further fueling market growth.
Fortune Business Insights presents this information in a report titled "Synthetic Leather Market, 2025-2032."
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Major Players Profiled in the Report:
Kuraray Co. Ltd.
H.R. Polycoats Pvt. Ltd.
Alfatex Italia SRL
Filwel Co., Ltd.
Yantai Wanhua Synthetic Leather Group Co. Ltd.
Jasch Industries Limited
Responsive Industries Ltd.
San Fang Chemical Industry Co. Ltd.
Mayur Uniquoters Limited
Nan Ya Plastics Corporation
Teijin Cordley Limited
Segments:
By type, the market is divided into Polyvinyl Chloride (PVC)-based, Polyurethane (PU)-based, and bio-based.
By end-use, the market is segregated into footwear, furnishing, automotive, textile, and others.
With respect to geography, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report has conducted a detailed analysis of the market and focused on several critical aspects, such as leading types, end-uses, and top market players. It has also highlighted the most recent market trends and the key developments in the industry. In addition to the factors mentioned above, the report delves into several other factors that have helped the market grow.
The growing demand for bags, wallets, and garments—driven by synthetic leather’s affordability and superior durability—is significantly contributing to market expansion. Ongoing advancements in manufacturing techniques have enhanced the material’s strength, appearance, and overall quality, further accelerating its adoption. Additionally, synthetic leather is widely used in travel bags, suitcases, and other luggage products due to its lightweight nature and resistance to wear and tear, making it an ideal choice for travel-related applications and further propelling market growth.
Share of Major Countries in Global Leather Production
China - 25%
India – 6.4%
Brazil – 9.5%
Russia – 7.0%
Africa - 6%
Drivers:
Strong Growth of Automotive Sector to Fuel Market Progress
The automotive industry has witnessed tremendous growth in recent years owing to the rising annual sales of vehicles in both developed and developing countries. This factor has increased the demand for attractive interiors to enhance the overall aesthetic appeal of the car. Synthetic leather is being widely used in these interiors, such as door panels, seats, covers for gear shift, and steering wheels. Since this type of leather gives the overall feel and look of real leather, its demand will rise across the automotive sector.
Regional Insights
Asia Pacific Dominates Global Market Due to High Use in India and China
Asia Pacific is dominating the synthetic leather market share as this material is being widely used in countries, such as India and China.
Moreover, countries across North America, such as the U.S. are also playing a significant role in the regional market’s progress as the country manufactures the largest number of vehicles every year.
Information Source: https://www.fortunebusinessinsights.com/synthetic-leather-market-108674
Competitive Landscape
Key Players to Focus On New Product Launches to Maintain Dominance
Some of the top companies operating in this market include Kuraray Co. Ltd., Alfatex Italia SRL, H.R. Polycoats Pvt. Ltd., Yantai Wanhua Synthetic Leather Group Co. Ltd., Filwel Co. Ltd., Responsive Industries Ltd., and Jasch Industries Ltd., among many others. These market players are focusing on the launch of new products to expand their existing range and maintain their dominance.
Key Industry Development
April 2023 - General Silicones, a Taiwanese company, announced the launch of vegan synthetic leather with customizable fabric lining used in bags and shoes.
June 2022 - Kuraray Co., Ltd. announced CLARINO, an artificial leather product that Lenovo Japan has chosen for its ThinkPad Z13 laptop computer series. This product is used in the Lenovo laptop computer series for the first time.