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    South Korea Artificial Leather Market

    ID: MRFR/CnM/43912-HCR
    111 Pages
    Chitranshi Jaiswal
    September 2025

    South Korea Artificial Leather Market Research Report: By Type (PU, PVC, Bio-based) and By Application (Furnishing, Automotive, Footwear, Accessories, Clothing, Electronics, Others) - Forecast to 2035

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    South Korea Artificial Leather Market Summary

    The South Korea Artificial Leather market is projected to grow from 1.25 USD Billion in 2024 to 2.69 USD Billion by 2035, indicating robust growth potential.

    Key Market Trends & Highlights

    South Korea Artificial Leather Key Trends and Highlights

    • The market valuation is expected to reach 2.69 USD Billion by 2035, reflecting a strong upward trajectory.
    • A compound annual growth rate (CAGR) of 7.22% is anticipated from 2025 to 2035, suggesting sustained growth in the sector.
    • In 2024, the market is valued at 1.25 USD Billion, indicating a solid foundation for future expansion.
    • Growing adoption of artificial leather in various industries due to increasing consumer demand for sustainable materials is a major market driver.

    Market Size & Forecast

    2024 Market Size 1.25 (USD Billion)
    2035 Market Size 2.69 (USD Billion)
    CAGR (2025-2035) 7.22%

    Major Players

    Samsung SDI, Kolon Industries, Silanes Co., Seoyoung Industrial, KraussMaffei, Fujitsu, LG Chem, Daewoo International, Teijin, Eslon Chemical, Mitsubishi Chemical, Hyosung, Hankuk Fiber, BASF

    South Korea Artificial Leather Market Trends

    The South Korea artificial leather industry is undergoing many major changes as a result of shifting customer tastes and technical improvements. One major market driver is the increased emphasis on sustainability. South Korean customers are increasingly interested in eco-friendly items, prompting producers to create artificial leather solutions that employ biodegradable ingredients and recycling procedures. Furthermore, the government's measures to promote green technology and lessen dependency on conventional leather have accelerated the transition to sustainable alternatives. Opportunities exist in increasing the manufacture of high-quality, long-lasting artificial leathers that serve not only the fashion industry, but also the automobile and furniture industries.

    As the demand for vegan and cruelty-free products grows, South Korean firms may tap into this market by providing creative solutions that address ethical concerns. Recent trends indicate an increasing interest in bespoke and personalized designs in artificial leather items, particularly among younger consumers seeking unique fashion statements. The use of smart technology in artificial leather, such as temperature regulation and moisture control, is also gaining popularity, indicating a growing customer desire for practical and high-performing materials.

    South Korea's market is well-positioned to capitalize on its strong manufacturing skills and technical breakthroughs, giving it a competitive advantage in the global artificial leather sector.

    the Overall, the combination of sustainability-focused practices and cutting-edge technology creates a dynamic environment for growth in the South Korea artificial leather market.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Market Segment Insights

    South Korea Artificial Leather Market Segment Insights:

    South Korea Artificial Leather Market Segment Insights:

    Artificial Leather Market Type Insights

    Artificial Leather Market Type Insights

    The South Korea Artificial Leather Market displays a diverse landscape in its Type segmentation, which prominently includes materials such as PU (Polyurethane), PVC (Polyvinyl Chloride), and Bio-based alternatives. Each material contributes uniquely to the overall dynamics of the market. PU is widely recognized for its flexibility and durability, making it a go-to choice in industries such as automotive and fashion. Its ability to mimic natural leather quality has positioned it as a significant player in the market, catering to both luxury and economical segments.

    On the other hand, PVC, known for its sturdiness and cost-effectiveness, dominates applications such as upholstery and footwear. Its resistance to weathering and ease of maintenance has ensured its continuous demand in the South Korean market. Moreover, the growing awareness about sustainable practices has led to the rise of Bio-based artificial leather, capturing the interest of environmentally conscious consumers.

    This segment is gaining traction as manufacturers invest in innovative materials derived from renewable resources, further diversifying the market offerings.In South Korea, the trends indicate a burgeoning preference for materials that not only provide aesthetic value but also align with sustainability goals. The drive toward eco-friendly products reflects a shift in consumer behavior, prompting manufacturers to explore and enhance the Bio-based segment. The ongoing research and development efforts in creating biodegradable and sustainably sourced artificial leather contribute to the variety within the market.

    Additionally, the demand for customized solutions across various industries presents unique opportunities for growth within each type of artificial leather. The South Korea Artificial Leather Market's segmentation demonstrates a robust foundation, with each material influencing consumer choices and market dynamics distinctly.

    Artificial Leather Market Application Insights

    Artificial Leather Market Application Insights

    The South Korea Artificial Leather Market, particularly in its Application segment, exhibits a diverse landscape shaped by various industries. Within this segment, furnishing stands out as a crucial area, driven by increasing consumer preference for stylish yet durable materials in home decor and furniture. The automotive industry also plays a vital role as manufacturers demand lightweight, customizable synthetic materials that offer resistance to wear and tear.

    Footwear is significant in this market, reflecting the rise in demand for fashionable and eco-friendly alternatives to traditional leather.Accessories such as bags and wallets benefit from artificial leather's versatility, supporting innovations in design while catering to sustainability trends. The clothing segment sees substantial growth due to rising fashion awareness and changing consumer lifestyles that favor cruelty-free options. Additionally, electronics manufacturers are incorporating artificial leather to enhance product aesthetics and durability. Overall, the South Korea Artificial Leather Market segmentation reveals a flourishing industry, propelled by evolving consumer preferences and the push for sustainable material alternatives across various applications.

    Get more detailed insights about South Korea Artificial Leather Market Research Report - Forecast by 2035

    Key Players and Competitive Insights

    The South Korea Artificial Leather Market has witnessed significant growth and transformation, driven by advancements in technology, increasing demand from various industries, and a shift toward sustainable materials. As the market evolves, competitive insights reveal a dynamic landscape where both established players and emerging entities vie for market share. Key factors such as innovation, quality, production capabilities, and strategic partnerships play crucial roles in determining competitive advantage.

    The artificial leather industry caters to diverse applications, including automotive, fashion, furniture, and electronics, thereby creating opportunities for growth and specialization among manufacturers.Focusing on Samsung SDI, the company exhibits a strong presence in the South Korea Artificial Leather Market through its commitment to innovation and quality. Known for its advanced manufacturing processes, Samsung SDI integrates cutting-edge technology to produce high-performance artificial leather that meets the rigorous demands of both consumers and industries. The company's strengths lie in its research and development capabilities, allowing it to continually enhance product offerings and maintain a competitive edge.

    Additionally, Samsung SDI benefits from its established brand reputation and extensive distribution networks across South Korea, enabling efficient market penetration and customer reach. The company's dedication to sustainability also aligns with growing consumer preferences, further bolstering its position in the market.Kolon Industries plays a significant role in the South Korea Artificial Leather Market with a diverse portfolio of high-quality synthetic leather products. The company focuses on offering innovative solutions for various applications, including automotive interiors, fashion accessories, and sports equipment.

    Kolon Industries emphasizes its strengths in product durability, aesthetic appeal, and environmental sustainability, which resonate well with consumer values in the region. The company actively engages in mergers and acquisitions to bolster its market share and expand its product offerings, ensuring it stays competitive in a rapidly changing landscape. With a robust presence in the South Korean market, Kolon Industries continues to invest in research and development to innovate new products and enhance its manufacturing capabilities, further solidifying its position as a key player in the artificial leather sector.

    Key Companies in the South Korea Artificial Leather Market market include

    Industry Developments

    Recent developments in the South Korea Artificial Leather Market have seen significant activity. Companies like Samsung SDI and LG Chem are increasingly focusing on sustainable practices to appeal to environmentally conscious consumers, aligning with the global shift towards eco-friendly materials. In July 2023, Kolon Industries announced a partnership with a leading research institute to enhance the performance and durability of synthetic materials, which is expected to bolster the competitive edge of their product offerings. Furthermore, in June 2023, Hyosung revealed plans to expand its production capacity for synthetic leather to meet rising demand in the automotive sector.

    In terms of mergers, in August 2023, Daewoo International acquired a minority stake in a new venture with Mitsubishi Chemical to jointly develop more advanced artificial leather solutions, reflecting the trend of consolidation within the market. The market's valuation is projected to grow significantly, driven by increasing demand in various sectors, including fashion, automotive, and furniture, with the South Korean government supporting innovation in materials through grants and incentives. Additionally, last year's investments in research and development by Fujitsu and KraussMaffei have set the stage for continued evolution in artificial leather technology.

    Market Segmentation

    Outlook

    • Furnishing
    • Automotive
    • Footwear
    • Accessories
    • Clothing
    • Electronics
    • Others

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 1.21(USD Billion)
    MARKET SIZE 2024 1.25(USD Billion)
    MARKET SIZE 2035 2.69(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 7.233% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Samsung SDI, Kolon Industries, Silanes Co., Seoyoung Industrial, KraussMaffei, Fujitsu, LG Chem, Daewoo International, Teijin, Eslon Chemical, Mitsubishi Chemical, Hyosung, Hankuk Fiber, BASF
    SEGMENTS COVERED Type, Application
    KEY MARKET OPPORTUNITIES Sustainable production innovations, Growing demand in fashion industry, Expansion in automotive upholstery, Rising furniture sector applications, Increasing adoption in sports equipment
    KEY MARKET DYNAMICS sustainable materials adoption, rising demand for eco-friendly products, technological advancements in production, growing fashion industry influence, increasing consumer awareness of alternatives
    COUNTRIES COVERED South Korea

    FAQs

    What is the expected market size of the South Korea Artificial Leather Market in 2024?

    The South Korea Artificial Leather Market is expected to be valued at 1.25 billion USD in 2024.

    What will the market value of the South Korea Artificial Leather Market be in 2035?

    By 2035, the South Korea Artificial Leather Market is projected to reach 2.69 billion USD.

    What is the expected compound annual growth rate (CAGR) for the South Korea Artificial Leather Market from 2025 to 2035?

    The South Korea Artificial Leather Market is expected to grow at a CAGR of 7.233% from 2025 to 2035.

    Which type of artificial leather is projected to lead the market in 2035?

    The PU segment is expected to dominate the market, reaching an estimated value of 1.18 billion USD in 2035.

    What will the PVC segment's market value be in 2035?

    The PVC segment is projected to have a market value of approximately 0.99 billion USD by 2035.

    What is the expected market size for bio-based artificial leather in 2035?

    The bio-based artificial leather segment is expected to be valued at around 0.52 billion USD in 2035.

    Who are the major players in the South Korea Artificial Leather Market?

    Key players in the market include Samsung SDI, Kolon Industries, and LG Chem among others.

    How does the current market scenario benefit the artificial leather sector in South Korea?

    The market is benefiting from increasing demand in various applications such as automotive and fashion.

    What challenges does the South Korea Artificial Leather Market currently face?

    Challenges include fluctuating raw material prices and increasing competition from alternative materials.

    What growth opportunities exist for the South Korea Artificial Leather Market?

    There are opportunities in innovation and the rising popularity of eco-friendly products within the market.

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