Comprehensive Snapshot of Synthetic Leather Market Research Report, Including Regional and Country Analysis in Brief.
Industry: Chemicals and Materials
Delivery Timelines: Please Contact Sales
Published Date: May-2025
Format: PPT*, PDF, EXCEL
Number of Pages: 191
ID: PMRREP13858
The global synthetic leather market is anticipated to rise from US$ 65.6 Bn in 2025 to US$ 111.1 Bn by 2032, witnessing a CAGR of 7.8%. As per the Persistence Market Research report, the industry is poised to witness tremendous growth, as these are cost-effective, animal cruelty-free, and more sustainable with innovations such as synthetic leather technologies. Over one billion animals are annually slaughtered for the leather trade worldwide, according to People for the Ethical Treatment of Animals (PETA). Similarly, the Food and Agriculture Organization (FAO) estimated that 331.9 million cattle skins were used in 2021 for leather production. Hence, consumer preferences for synthetic leather due to the stringent regulations on the manufacture of animal-based natural leather and a growing awareness against animal cruelty on a global scale.
Key Industry Highlights:
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Global Market Attribute |
Key Insights |
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Synthetic Leather Market Size (2025E) |
US$ 65.6 Bn |
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Market Value Forecast (2032F) |
US$ 111.1 Bn |
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Projected Growth (CAGR 2025 to 2032) |
7.8% |
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Historical Market Growth (CAGR 2019 to 2024) |
7.2% |
Synthetic leather gained popularity for its cost-effectiveness. The production process requires less labor, making it more inexpensive for both manufacturers and customers. When compared to natural leather PU leather is 50-70% less expensive. Average price ranges from US$1 to US$3 per square foot, whereas half hides cost US$10 to US$30, and complete hides cost US$20 to US$50 per square foot. This affordability has promoted mass production in the fashion, furniture, and home decor industries, making trendy alternatives more accessible. With budget-conscious shoppers looking for quality and style without breaking the bank, synthetic leather remains the top preference for a variety of applications.
Even if synthetic leathers such as PU and PVC are cheaper and versatile, they tend to crack, peel, and degrade as compared to natural leather, which ages beautifully, limiting the product's durability. This limits its use in premium applications such as high-end clothes and luxury furniture. Furthermore, PVC-based leather, especially Vinyl Leather, can take 200-500 years to degrade in landfills, considerably contributing to plastic pollution. Industry experts have also found that PVC manufacturing releases harmful dioxins, known carcinogens, posing risks to both human health and the environment. Manufacturers make investments in recyclable and bio-based solutions to address these environmental issues as sustainability.
The global synthetic leather market is experiencing significant growth, driven by increasing consumer demand for cruelty-free and biodegradable alternatives to traditional leather. Technological advancements, such as water-based polyurethane (PU) production, have enhanced the environmental profile of synthetic leather by eliminating harmful solvents and reducing emissions. This progress has led to the adoption of synthetic leather in various industries, including automotive, fashion, and furniture, where durability and sustainability are paramount. For instance, the automotive sector is increasingly utilizing synthetic leather for car interiors, offering a cost-effective and eco-friendly alternative to genuine leather.
In the fashion industry, major brands prefer synthetic leather to meet consumer preferences for ethical and sustainable products. Companies such as Stella McCartney and H&M incorporate synthetic leather into their product lines, aligning with the trend towards environmentally responsible materials. Furthermore, innovation in manufacturing processes have enabled the production of high-quality synthetic leather that closely mimics the look and feel of real leather, enhancing its appeal to both, designers and consumers. Therefore, these developments underscore the expanding market opportunities for synthetic leather as a viable and sustainable alternative for several applications.
Silicone leather is a durable, flexible alternative to traditional leather made from food-grade silicone. It is biodegradable and free from toxic chemicals, making it cruelty-free. It can endure up to 95% alcohol. Commonly used in healthcare for hospital beds and equipment due to its resistance to bacteria, stains, heat, and tearing, silicone leather is also suitable for swimwear, pillows, and play mats. The material's robustness and ease of maintenance make it a practical choice for items that require long-term performance, offering an excellent alternative to both genuine leather and synthetic materials in the growing demand for sustainable and safe products. For instance, Dow launched LuxSense™ silicone synthetic leather, engineered for exceptional durability and abrasion resistance, perfect for automotive interiors, fashion, and furniture.
Synthetic leather is popular in furniture making as it is affordable, stylish, durable, and sustainable. It offers a premium look and feel, making it an excellent choice for upholstery in sofas, chairs, and other furniture. For instance, BASF launched Haptex®, a PU solution that eliminates organic solvents, meets low VOC standards, and is fully recyclable, marking a significant step in sustainable furniture production.
Synthetic leather, particularly polyurethane (PU) and polyvinyl chloride (PVC) varieties, is commonly used. Synthetic leather is easier to maintain, as it is resistant to stains and can be cleaned with minimal effort. Its flexibility allows it to be molded into various textures and colors, further enhancing its design potential.
The U.S. witnessed 23 million car sales in 2023. It dominated North America contributing over 16 million units reflecting a substantial automotive sector. The growth of the automotive industry, particularly with the rise of electric and commercial vehicles, is increasing the use of synthetic leather in interiors. Car seats, which make up over 70% of the interior, often use polyurethane (PU) leather due to its cost-effectiveness and sustainability. Its durability, lightweight nature, and low maintenance make it an attractive option for automakers aiming to balance quality and cost. BASF launched thermoplastic polyurethane (TPU) Elastollan® an ultra-soft synthetic leather, which is highly abrasion resistant and helps manufacturers meet the stringent volatile organic compound (VOC) standards for car seats.
In Europe, rising concerns over the environmental impact of the traditional leather-making process drives the demand for environment-friendly alternatives. Traditional leather production is highly resource-intensive, using approximately 1.91 kg of chemicals per square meter of animal hide. Italy, accounts for 62% of EU leather production, totals 47,000 kg annually, with around 31% considered hazardous under the European Dangerous Substances Directive.
As awareness of environmental issues grows, consumers and manufacturers are increasingly choosing synthetic leather as a sustainable alternative. PU leather, made from recycled materials, uses fewer resources and generates less waste. Additionally, strict EU regulations and a shift towards cruelty-free products drives adoption in the fashion, automotive, and furniture industries, making synthetic leather a viable eco-friendly option.
Asia Pacific continues to dominate the worldwide textile and apparel industry, with China, Bangladesh, Vietnam, and India leading the way. The APAC apparel industry dominates the whole trade, accounting for 59%, followed by raw textiles (30.5%) and home textiles (10.5%).
The region has a strong export presence alongside significant imports, reflecting internal demand. The rising appetite for finished apparel boosts the need for synthetic leather, a sustainable and cost-effective alternative. As the region's influence in fashion grows, demand for synthetic leather products such as footwear, bags, and jackets is expected to rise due to their affordability, trendiness, sustainability, and ease of maintenance.
The global synthetic leather market is very competitive, with leading companies dominating at the forefront, providing high-quality PU and PVC leather solutions for several industries, including automotive, fashion, and furniture. Regional players. are also expanding their market share through cost-effective manufacturing processes and localized production. Several players focus on mass production, while others target niche markets with premium or eco-friendly alternatives.
The shift toward cruelty-free and sustainable solutions, along with stricter environmental regulations, is pushing companies to invest in advanced, eco-friendly synthetic leathers. As demand for synthetic leather grows, competition will intensify, driving further innovation in this expanding market.
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Report Attribute |
Details |
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Historical Data/Actuals |
2019 - 2024 |
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Forecast Period |
2025 - 2032 |
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Market Analysis Units |
Value: US$ Bn/Mn, Volume: As applicable |
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Geographical Coverage |
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Segmental Coverage |
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Competitive Analysis |
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Report Highlights |
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Customization and Pricing |
Available upon request |
By Type
By Application
By Region
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The market is set to reach US$ 65.6 Bn in 2025.
Polyurethane (PU) leather is the best and most widely used synthetic leather.
TORAY INDUSTRIES, INC., Kuraray Co. Ltd., San Fang Chemical Industry Co., Ltd. are a few leading players.
The industry is estimated to rise at a CAGR of 7.8% through 2032.
Asia Pacific is projected to account for largest share of the industry in 2025.
