Synthetic Leather (Artificial Leather) Latest Market Analysis Report 2025

Global Info Research‘s report is a detailed and comprehensive analysis for global Synthetic Leather (Artificial Leather) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the Synthetic Leather (Artificial Leather) market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

The global Synthetic Leather (Artificial Leather) market size is expected to reach $ 35306 million by 2031, rising at a market growth of 6.8% CAGR during the forecast period (2025-2031).
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
According to the study, in 2024, global Synthetic Leather production reached approximately 4,765 Million sqm, with an average global market price of around US$ 4.3 per sqm.
Synthetic leather, also known as artificial leather or faux leather, is a man-made material designed to replicate the look and feel of natural leather. It is primarily produced from plastic polymers such as polyvinyl chloride (PVC) or polyurethane (PU). Compared to natural leather, synthetic leather offers benefits like lower cost, lighter weight, and easier maintenance. With growing consumer demand for environmentally friendly products, especially those that avoid animal-based materials, synthetic leather has increasingly replaced natural leather in many applications across industries like fashion, footwear, home furnishings, automotive, and furniture. As technological advancements have improved the quality and performance of synthetic leather, its texture and durability now closely resemble that of natural leather. As a result, both brands and consumers are turning to synthetic leather as a sustainable alternative. With increasing environmental consciousness and consumer concerns about animal welfare, the global synthetic leather market continues to expand, particularly in emerging markets such as the Asia-Pacific region, where economic growth and the rise of the middle class have significantly boosted demand.
The synthetic leather market has significant growth opportunities. One of the main drivers is the increasing environmental consciousness among consumers. As demand for sustainable and eco-friendly products rises, more consumers are opting for synthetic leather as an alternative to traditional natural leather, particularly in the fashion and home furnishing industries. Technological innovation is also creating new opportunities for the market. Advances in new materials and production techniques have enhanced the quality of synthetic leather, making its texture and appearance closely resemble natural leather, while still meeting consumer demands for high-quality and environmentally friendly products. Additionally, with global economic growth, particularly in developing countries, the demand for mid-to-high-end synthetic leather products is rising, further boosting market potential.
Risks Facing the Market
However, the synthetic leather market also faces several risks. One of the most significant challenges is the volatility of raw material prices. Since synthetic leather is mainly made from petroleum-derived PVC and PU, fluctuations in global oil prices can impact production costs. Unstable raw material prices could potentially increase production costs and affect profitability. Environmental impact is another critical issue. While synthetic leather has some environmental benefits over natural leather, its production processes still involve chemical pollutants, and disposal of synthetic leather products can pose environmental challenges. Improving the recyclability and eco-friendliness of synthetic leather will be key for the industry's future. Additionally, market competition is becoming fiercer as more companies enter the sector. The increased number of players in the market, coupled with price competition and technological innovation, may put pressure on profit margins.
Downstream Demand Trends
The fashion industry is witnessing a growing demand for synthetic leather, especially among younger consumers who prioritize eco-friendly and animal-free products. As a result, many brands are shifting toward synthetic leather for their footwear, clothing, and accessories. The automotive industry is also seeing increased use of synthetic leather, especially in interior applications like seats, steering wheels, and trim. The demand for environmentally friendly, comfortable materials is driving automakers to adopt synthetic leather. Similarly, the furniture industry is expanding its use of synthetic leather, particularly in soft furniture items like sofas and chairs, as consumers place a greater emphasis on comfort and sustainability. Overall, downstream demand for synthetic leather is diversifying across fashion, automotive, and home furnishings, with increasing market growth in each of these sectors.
This report studies the global Synthetic Leather (Artificial Leather) production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Synthetic Leather (Artificial Leather) and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2024 as the base year. This report explores demand trends and competition, as well as details the characteristics of Synthetic Leather (Artificial Leather) that contribute to its increasing demand across many markets.


Market segment by Type: PVC、 Normal PU、 Microfiber PU、 Ecological function PU
Market segment by Application:Footwear、 Apparel & Accessories、 Furnishing、 Automotive、 Sports Goods、 Bags、 Others
Major players covered: Kuraray、 Toray、 Teijin、 Covestro (Bayer)、 Shian Microfiber、 Zhejiang Haobo (Wangkang Group)、 Asahi Kasei、 Duksung、 Daewon Chemical、 Filwel、 Kolon、 San Fang Chemical、 Nanya、 Wenzhou Imitation Leather、 Anhui Anli、 Fujian Tianshou、 Vulcaflex、 Yantai Wanhua、 Shandong Tongda、 Hexin Holdings、 Xiefu New Materials、 Huafon Microfibre、 Double Elephant、 Fujian Topsun、 Benecke-Kaliko、 Kyowa、 Archilles、 CGT、 Ultrafabrics Holdings

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The overall report focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity. The market outlook section gives a detailed analysis of market evolution, growth drivers, restraints, opportunities, and challenges, Porter’s 5 Force’s Framework, macroeconomic analysis, value chain analysis and pricing analysis that directly shape the market at present and over the forecasted period. The drivers and restraints cover the internal factors of the market whereas opportunities and challenges are the external factors that are affecting the market. The market outlook section also gives an indication of the trends influencing new business development and investment opportunities.

The Primary Objectives in This Report determine the size of the total market opportunity of global and key countries,assess the growth potential for Synthetic Leather (Artificial Leather) and competitive factors affecting the marketplace,forecast future growth in each product and end-use market. Also,this report profiles key players in the global Synthetic Leather (Artificial Leather) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments.

Synthetic Leather (Artificial Leather) market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by region, regional analysis covers North America (United States, Canada, and Mexico),Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe),Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia),South America (Brazil, Argentina, Colombia, and Rest of South America),Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa).

The report provides insights regarding the lucrative opportunities in the Synthetic Leather (Artificial Leather) Market at the country level. The report also includes a precise cost, segments, trends, region, and commercial development of the major key players globally for the projected period.

The Synthetic Leather (Artificial Leather) Market report comprehensively examines market structure and competitive dynamics. Researching the Synthetic Leather (Artificial Leather) market entails a structured approach beginning with clearly defined objectives and a comprehensive literature review to understand the current landscape. Methodologies involve a mix of primary research through interviews, surveys, and secondary research from industry reports and databases. Sampling strategies ensure representation, while data analysis utilizes statistical and analytical techniques to identify trends, market sizing, and competitive landscapes. Key areas of focus include trend analysis, risk assessment, and forecasting. Findings are synthesized into a detailed report, validated through peer review or expert consultation, and disseminated to stakeholders, with ongoing monitoring to stay abreast of developments.

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