Report Details:
15 Companies Covered
150 Pages
The Rising Demand for Sustainable and Eco-Friendly Materials Will Positively Impact the Global Synthetic Leather Market at a CAGR of 6.74% During the Forecast Period 2025 to 2035
Market Research Future (MRFR) has published a cooked research report on the “Global Synthetic Leather Market” that contains information from 2019 to 2035. The Synthetic Leather market is estimated to register a CAGR of 6.74% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Global Synthetic Leather Market: BASF SE (Germany), DuPont de Nemours Inc (US), Toray Industries Inc (Japan), Teijin Limited (Japan), Faux Leather Co (China), Mitsubishi Chemical Corporation (Japan), Hengli Group (China), Zhejiang Hexin Technology Co. Ltd (China), and Sanfeng Group (China).
Synthetic Leather Market Highlights
The Global Synthetic Leather Market is expected to register a CAGR of 6.74% during the forecast period and is estimated to reach USD 147.66 billion by 2035, up from USD 72.04 billion in 2024.
Several industries, including automotive, fashion, and furniture, look for sustainable, cruelty-free, and customizable materials for their products, driving market growth. Increasing consumer demand for environmentally and ethically conscious products leads innovative manufacturers to replace traditional leather with more eco-friendly alternatives.
Synthetic leather is rapidly gaining popularity in luxury markets with the help of technological innovations like 3D printing and advanced coating technologies. For example, DuPont is set to release advanced synthetic leather for fashion in 2025. Innovations are also pursued in collaboration with BASF to release bio-based automotive leather.
Market expansion is also driven by the automotive industry, as vehicle manufacturers are choosing synthetic leather for their interiors. It is lightweight, much more affordable, and environmentally sustainable, thus aligning with the industry’s growing electrification and sustainability goals.
The market is fed by the growing customer base, particularly in North American and European countries, who prefer ethically and sustainably sourced products. Asia-Pacific remains the main region for synthetic leather with strong export and manufacturing capabilities.
Segment Analysis
The Global Synthetic Leather Market has been segmented based on Product Type and End-User Industry.
By Product Type:
By Product, the market is divided into PVC-Based, PU-Based, and Bio-Based. The PVC-based synthetic leather segment held the largest market share in 2024 due to its affordability and versatility in automotive and furniture applications. However, the PU-based synthetic leather segment is projected to grow at the fastest rate, driven by its superior aesthetics, eco-friendly composition, and growing adoption in premium fashion and automotive segments.
By End-User Industry:
By End-User, the market is divided into Automotive, Footwear, Clothing, Furnishing, Bags, Purses, and Wallets. The automotive segment dominated the market in 2024, fueled by the rising demand for high-quality, sustainable materials for vehicle interiors. The footwear segment, however, is expected to grow at the fastest CAGR, supported by increasing consumer demand for ethical and sustainable fashion alternatives.
Regional Analysis
By region, the Synthetic Leather Market is segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa.
North America accounted for the largest market share of around 35% in 2024, driven by strong demand for sustainable and innovative materials. The region benefits from advanced R&D facilities and regulatory support for eco-friendly production.
Europe holds about 30% of the global market, emerging as a sustainability hub under stringent EU regulations promoting circular economy initiatives. Manufacturers like BASF and Toray Industries are leading innovation in sustainable materials in this region.
Asia-Pacific represents approximately 25% of the global market and is projected to be the fastest-growing region, led by countries like China and Japan. The region’s expanding manufacturing base, rising disposable incomes, and export-oriented synthetic leather production are key growth factors.
The Middle East & Africa currently account for around 10% of the market and present untapped growth potential. Urbanization, evolving consumer lifestyles, and rising environmental awareness are expected to drive market expansion over the coming decade.
Key Findings of the Study
The Global Synthetic Leather Market is projected to reach USD 147.66 billion by 2035, at a CAGR of 6.74% during the forecast period.
North America accounted for the largest market share in 2024, while Asia-Pacific is the fastest-growing region.
Based on Product Type, the PVC-based segment held the largest share, while the PU-based segment is expected to record the fastest growth.
Based on End-User Industry, the automotive segment dominated the market in 2024, with footwear expected to grow most rapidly.
BASF SE, DuPont de Nemours Inc., Toray Industries Inc., Teijin Limited, Mitsubishi Chemical Corporation, and Hengli Group are among the key players shaping market growth through innovation and strategic expansion.
Future Outlook
The Synthetic Leather Market is expected to maintain steady growth through 2035, supported by sustainability-driven consumer behavior, technological innovation, and expanding end-user applications.
Emerging opportunities include:
· Creating synthetic leathers that are biodegradable and bio-based to comply with green manufacturing objectives.
· Integrating temperature and humidity regulation within smart synthetic leather technology.
· Collaborating with brands in the automotive and apparel industries to create eco-luxury goods.
· Expectation for 2035 is for the synthetic leather industry to become one of the foundational innovators in sustainable materials and reshape the global fashion, mobility, and lifestyle design industries.