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  • Writer's pictureatharva hingane

Synthetic Leather Market Global Outlook and Forecast 2023-2029

The global Synthetic Leather market was valued at US$ 6294.5 million in 2022 and is projected to reach US$ 6773.2 million by 2029, at a CAGR of 1.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


Synthetic Leather is manmade fabric that looks like leather. It has leather like surface and is dyed and treated to make it have the look and feel of real leather. It is often used as a substitute for real leather because it is less expensive and it does not require using a real animal hide to create.


Synthetic Leather was first produced near the turn of the century. The insufficient supplies and high cost of genuine leather brought about the demand for Synthetic Leather. Synthetic Leather has gradually replaced genuine leather in many fields. Over the past few decades, the demand for high quality Synthetic Leather has increased tremendously.

Though there are a number of materials used to produce Synthetic Leather, PU and PVC remain the most commonly used choices in market. Normal PU is more flexible and has a much higher tensile, tearing and bursting strength. Furthermore, whereas PVC Synthetic Leather can only be used to make items with a low stress tolerance, Normal PU can be used to make a wide variety of products which must be made from strong materials with a high stress tolerance such as boots, shoes bags, luggage, belts, gloves, and upholstery for furniture and car seats.

This report aims to provide a comprehensive presentation of the global market for Synthetic Leather, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Synthetic Leather. This report contains market size and forecasts of Synthetic Leather in global, including the following market information:


  • Global Synthetic Leather Market Revenue, 2018-2023, 2024-2029, ($ millions)

  • Global Synthetic Leather Market Sales, 2018-2023, 2024-2029, (M Sqm)

  • Global top five Synthetic Leather companies in 2022 (%)

The key players are Kuraray, Toray, Teijin, Bayer, Shandong Friendship, Wangkang Group, Asahi Kasei, Duksung, Daewon Chemical, Filwel, Kolon, San Fang Chemical, Nanya, Wenzhou Imitation Leather, Anhui Anli, Fujian Tianshou, Shandong Jinfeng, Yantai Wanhua, Shandong Tongda, Jiaxing Hexin, Xiefu new materials, Huafeng Group, Wenzhou Huanghe, Meisheng Industrial, Xiamen Hongxin, Fujian Huayang, Sanling, Hongdeli etc. Top 5 companies occupied about 23% market share.

We surveyed the Synthetic Leather manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks. Total Market by Segment:

Global Synthetic Leather Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (M Sqm)

Global Synthetic Leather Market Segment Percentages, by Type, 2022 (%)


  • PVC

  • Normal PU

  • Microfiber PU

  • Ecological Function PU

Global Synthetic Leather Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (M Sqm)

Global Synthetic Leather Market Segment Percentages, by Application, 2022 (%)


  • Sport Shoes

  • Bags

  • Furniture

  • Car Interiors

  • Sports Goods

Global Synthetic Leather Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (M Sqm)

Global Synthetic Leather Market Segment Percentages, By Region and Country, 2022 (%)


  • North America (United States, Canada, Mexico)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

  • The Middle East and Africa (Middle East, Africa)

  • South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

The report also provides analysis of leading market participants including:


  • Key companies Synthetic Leather revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies Synthetic Leather revenues share in global market, 2022 (%)

  • Key companies Synthetic Leather sales in global market, 2018-2023 (Estimated), (M Sqm)

  • Key companies Synthetic Leather sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:


  • Kuraray

  • Toray

  • Teijin

  • Bayer

  • Shandong Friendship

  • Wangkang Group

  • Asahi Kasei

  • Duksung

  • Daewon Chemical

  • Filwel

  • Kolon

  • San Fang Chemical

  • Nanya

  • Wenzhou Imitation Leather

  • Anhui Anli

  • Fujian Tianshou

  • Shandong Jinfeng

  • Yantai Wanhua

  • Shandong Tongda

  • Jiaxing Hexin

  • Xiefu new materials

  • Huafeng Group

  • Wenzhou Huanghe

  • Meisheng Industrial

  • Xiamen Hongxin

  • Fujian Huayang

  • Sanling

  • Hongdeli

Chapter 1: Introduces the definition of Synthetic Leather, market overview.

Chapter 2: Global Synthetic Leather market size in revenue and volume.

Chapter 3: Detailed analysis of Synthetic Leather manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Synthetic Leather in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Synthetic Leather capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.


Table of content

1 Introduction to Research & Analysis Reports1.1 Synthetic Leather Market Definition1.2 Market Segments1.2.1 Market by Type1.2.2 Market by Application1.3 Global Synthetic Leather Market Overview1.4 Features & Benefits of This Report1.5 Methodology & Sources of Information1.5.1 Research Methodology1.5.2 Research Process1.5.3 Base Year1.5.4 Report Assumptions & Caveats2 Global Synthetic Leather Overall Market Size2.1 Global Synthetic Leather Market Size: 2022 VS 20292.2 Global Synthetic Leather Revenue, Prospects & Forecasts: 2018-20292.3 Global Synthetic Leather Sales: 2018-20293 Company Landscape3.1 Top Synthetic Leather Players in Global Market3.2 Top Global Synthetic Leather Companies Ranked by Revenue3.3 Global Synthetic Leather Revenue by Companies3.4 Global Synthetic Leather Sales by Companies3.5 Global Synthetic Leather Price by Manufacturer (2018-2023)3.6 Top 3 and Top 5 Synthetic Leather Companies in Global Market, by Revenue in 20223.7 Global Manufacturers Synthetic Leather Product Type3.8 Tier 1, Tier 2 and Tier 3 Synthetic Leather Players in Global Market3.8.1 List of Global Tier 1 Synthetic Leather Companies3.8.2 List of Global Tier 2 and Tier 3 Synthetic Leather Companies4 Sights by Product4.1 Overview4.1.1 By Type - Global Synthetic Leather Market Size Markets, 2022 &

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