Polyurethane-Based Synthetic Leather Market size was valued at USD 32.5 Billion in 2022 and is projected to reach USD 50.1 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The South Korean Polyurethane-Based Synthetic Leather Market is experiencing significant growth, driven by the increasing demand for sustainable alternatives to natural leather and the shift towards synthetic materials across multiple industries. Polyurethane-based synthetic leather offers several advantages, including durability, flexibility, and resistance to water and abrasion, making it a popular choice in various applications. The major applications for polyurethane-based synthetic leather include Footwear, Apparel & Accessories, Furnishing, Automotive, Sports Goods, Bags, and Others. These subsegments are seeing rapid adoption as industries prioritize eco-friendly and cost-effective materials without compromising on quality and aesthetics. The market is expected to grow as both consumers and manufacturers increasingly value sustainable and innovative solutions.
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The footwear segment is one of the largest applications for polyurethane-based synthetic leather in South Korea. The growing demand for stylish, durable, and affordable footwear has propelled the use of synthetic leather in the production of shoes, sandals, boots, and other types of footwear. Polyurethane-based synthetic leather is preferred due to its versatility, ability to mimic the look and feel of natural leather, and superior wear-resistance properties. Footwear manufacturers in South Korea are increasingly adopting these materials to meet consumer preferences for high-quality, eco-friendly alternatives to traditional leather while ensuring lower production costs and improved product durability. The demand for synthetic leather footwear is growing in both domestic and export markets, driven by fashion trends, a rise in disposable income, and increased awareness of ethical consumption practices.
Polyurethane-based synthetic leather’s use in footwear also contributes to the growing trend of sustainable fashion in South Korea, with more companies prioritizing eco-friendly production methods. This material’s ability to offer an attractive finish, lightweight feel, and long-lasting performance has led to its widespread use in athletic shoes, casual footwear, and even high-end designer brands. Additionally, the material's adaptability to various shoe styles, colors, and textures further enhances its appeal. Footwear manufacturers are also exploring the possibility of integrating advanced technologies, such as water-resistant and breathable properties, to further enhance the functionality and appeal of synthetic leather shoes. The growing trend of athleisure and eco-conscious consumerism is expected to further fuel the market for synthetic leather footwear in the years to come.
Polyurethane-based synthetic leather has gained significant traction in the apparel and accessories market in South Korea, particularly within the fashion and luxury sectors. Designers and manufacturers are increasingly opting for synthetic leather due to its flexibility, lightweight nature, and potential for innovative designs. Synthetic leather is commonly used in the creation of jackets, skirts, pants, belts, gloves, and other accessories, offering an alternative to traditional leather without compromising on appearance or feel. The versatility of polyurethane-based synthetic leather makes it ideal for producing trendy, modern apparel pieces that appeal to a wide demographic. Additionally, it serves as a more affordable alternative, giving consumers access to luxury-style garments at lower price points.
The growing demand for sustainable fashion and the increasing trend of ethical consumerism have also bolstered the use of synthetic leather in apparel and accessories. As consumers become more conscious of environmental and animal welfare concerns, they are seeking more sustainable alternatives to traditional leather. This shift in consumer preference has pushed fashion houses and brands in South Korea to incorporate polyurethane-based synthetic leather into their collections, resulting in more innovative and eco-friendly options for clothing and accessories. The ability of synthetic leather to be customized in various textures, colors, and finishes further allows designers to create high-end, unique fashion pieces while maintaining ethical standards. With the rise of vegan fashion and the growing popularity of sustainable lifestyles, the demand for synthetic leather in the apparel and accessories segment is expected to continue growing.
Polyurethane-based synthetic leather is increasingly being used in the furnishing sector in South Korea. This material offers several advantages, including easy maintenance, durability, and aesthetic appeal, making it an ideal choice for furniture manufacturers. Synthetic leather is commonly used in the production of sofas, chairs, and upholstery for both residential and commercial spaces. The material’s resistance to staining, fading, and cracking, combined with its ease of cleaning, makes it a popular option for high-traffic areas and households with children or pets. Additionally, polyurethane-based synthetic leather offers a wider range of design possibilities, allowing manufacturers to create aesthetically pleasing products that mimic the luxurious look and feel of real leather at a more affordable price.
The demand for synthetic leather in furnishing is also being driven by increasing consumer interest in eco-friendly and sustainable products. As more consumers look to reduce their environmental impact, the preference for synthetic leather over traditional leather is growing. Manufacturers are responding to this demand by offering a wide range of eco-conscious options that include polyurethane-based synthetic leather. The growth of urbanization and the rise of interior design trends focused on sustainability further support the adoption of synthetic leather in the furnishing market. With its excellent durability, ease of maintenance, and ability to meet growing sustainability expectations, polyurethane-based synthetic leather is expected to remain a key material in the South Korean furniture industry.
In the automotive industry, polyurethane-based synthetic leather is widely used in the production of seats, interiors, dashboards, and other components. This material offers significant benefits over traditional leather, including lower cost, improved durability, and resistance to wear and tear. Polyurethane-based synthetic leather’s ability to be customized in terms of texture, color, and finish makes it an attractive option for automobile manufacturers, enabling them to design stylish, high-quality interiors while meeting the demand for sustainable materials. In South Korea, which is home to major automotive manufacturers, the growing adoption of synthetic leather in vehicle production is contributing to the expansion of the market.
The shift
Covestro (Bayer)
Continental
Vowalon Coating Co.
Ltd.
Giardini
NOBILIS
Elmo Sweden AB
Münchner Autostoff Handel GmbH
Viniltex Srl
E.J. Kluth GmbH
Top Gear Leather
Akea
Novartiplast Italia Spa
Bautex–stoffe GmbH
Moda Chroma SA
Altfield
IMTEX Textil-Vertrieb GmbH
Ecolorica
Hackebeil GmbH
Scheidegger Polyart
StoffConcept
CGT
Gordon Fabrics
Adams Plastic
InStyle Coated Fabric Solutions
Flock Tex Incorperated
CHH AMERICA
INC.
FIFIELD
Sommers Plastics
NOVATEX
Nassimi LLC
Simplifi Fabric
Swavelle Hospitality
Ultrafabrics
Kyowa
Kuraray
Teijin Limited
Toray Industries Inc.
Daiichi Kasei Co.
Ltd.
Asahi Kasei
Achilles
Toyo Cloth Co.
Ltd
Tokyo SINCO Leather Co.
Ltd
Filwel
San Fang Chemical Industry
Ocean Plastics Co.
Sunta Chemical Corporation
Tiong Liong Industrial
Nan Ya Plastics
Pony Leather Corporation
Hung Fu Leather Co.
Ltd
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Seoul Capital Area: The economic and technological hub, home to major corporations, startups, and research institutions. Strong demand for IT, fintech, and AI-driven solutions.
Busan & Gyeongsang Region: Focus on manufacturing, logistics, and shipbuilding industries. Growth in smart manufacturing and industrial automation applications.
Daejeon & Chungcheong Region: A leading area for R&D and biotechnology, with significant investments in healthcare technology and AI-driven medical applications.
Gwangju & Jeolla Region: Emerging in renewable energy and smart city projects, driving demand for sustainable technology applications.
Gangwon & Jeju Region: Growth in tourism-related applications, digital services, and eco-friendly innovations.
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