Report Description Table of Contents The synthetic leather market was worth USD 33 billion in 2023 and will be worth USD 55.02 billion by 2030, growing at a CAGR of 6.6% during the forecast period. A rising need for animal-friendly materials in automotive applications, footwear, and fashion propels the Synthetic Leather Market. The growth of the Global Vegan Footwear Market is anticipated to be over 7% every year; more companies are turning to synthetic leather as a more sustainable substitute while still providing the same appearance and strength as animal leather. For instance, car makers like Tesla have embraced the act of using synthetic leather in their car interiors because the majority of consumers today prefer cruelty-free products. The latest advancement includes BASF's launching of Haptex, a synthetic leather created from renewable resources and has better durability, making more industries embrace bio-based materials. The Synthetic Leather Market offers substantial opportunities as industries like automotive, fashion, and furniture increasingly shift towards sustainable and cruelty-free materials. The fashion sector alone, which is worth more than 1.5 trillion USD worldwide, is now experiencing growing trends in vegan and eco-products, such as synthetic leather. For instance, the footwear segment, primarily using leather products, is increasingly substituting synthetic materials; Adidas released collections of natural plant-based and recycled synthetic leather shoes. One of these new advancements is extending the material and using pineapple leaves to make a synthetic leather named Piñatex that has been adopted by prominent luxury and popular appeal brands. The consumer and industry shift towards ethical and sustainable products is becoming an increasingly promising trend for the synthetic leather market. Market Segmentation By Product Type: Polyurethane (PU) Leather Polyvinyl Chloride (PVC) Leather Bio-based Leather By Application: Footwear Automotive Furnishing Clothing Bags & Wallets Sports Goods Electronics By End-Use Industry: Automotive Fashion & Apparel Furniture Sports & Leisure Electronics & Accessories By Distribution Channel: Online Retail Offline Retail (Department Stores, Specialty Stores) By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA The Asia-Pacific region has the highest market share of more than 40% in the world market in 2022 in the Synthetic Leather Market. This dominance can be attributed to enhanced manufacturing capacity, lower cost of production, and high processing demand from automobile, footwear, and fashion industries in China, India, and Vietnam, respectively. For example, China is the largest producer of synthetic leathers domestically and globally, and major manufacturers of the products are also increasing production lines to meet the growing market demand. One recent event is the Huafon Group of China. It plans to increase the production capacity of synthetic leather to meet the environmental standards desired by brands worldwide. Moreover, one can watch the big footwear production companies and sustainable and affordable options swelling the Asia-Pacific market. Key Players Teijin Limited Kuraray Co., Ltd. Toray Industries, Inc. Asahi Kasei Corporation Huafon Group Yantai Wanhua Synthetic Leather Group Co., Ltd. San Fang Chemical Industry Co., Ltd. Mayur Uniquoters Ltd. Alfatex Italia Nan Ya Plastics Corporation Frequently Asked Question About This Report . Table of Contents 1. SYNTHETIC LEATHER MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. SYNTHETIC LEATHER MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – SYNTHETIC LEATHER MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Product Type of SYNTHETIC LEATHER and End-Use Outlook Analysis 4. HISTORIC TRENDS IN SYNTHETIC LEATHER MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA SYNTHETIC LEATHER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America SYNTHETIC LEATHER Historical Market ($MILLION), (2017 – 2023) 6.2. North America SYNTHETIC LEATHER Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 6.3.1. Polyurethane (PU) Leather 6.3.2. Polyvinyl Chloride (PVC) Leather 6.3.3. Bio-based Leather 6.4. North America SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Distribution Channel 6.4.1. Online Retail 6.4.2. Offline Retail (Department Stores, Specialty Stores) 6.5. North America SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.5.1. Footwear 6.5.2. Automotive 6.5.3. Furnishing 6.5.4. Clothing 6.5.5. Bags & Wallets 6.5.6. Sports Goods 6.5.7. Electronics 6.6. North America SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 6.6.1. Automotive 6.6.2. Fashion & Apparel 6.6.3. Furniture 6.6.4. Sports & Leisure 6.6.5. Electronics & Accessories 6.7. North America SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA SYNTHETIC LEATHER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE SYNTHETIC LEATHER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe SYNTHETIC LEATHER Historical Market ($MILLION), (2017 – 2023) 8.2. Europe SYNTHETIC LEATHER Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 8.4. Europe SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Distribution Channel 8.5. Europe SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.6. Europe SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 8.7. Europe SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC SYNTHETIC LEATHER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC SYNTHETIC LEATHER Historical Market ($MILLION), (2017 – 2023) 9.2. APAC SYNTHETIC LEATHER Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 9.4. APAC SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Distribution Channel 9.5. APAC SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.6. APAC SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 9.7. APAC SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA SYNTHETIC LEATHER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America SYNTHETIC LEATHER Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America SYNTHETIC LEATHER Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 10.4. Latin America SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Distribution Channel 10.5. Latin America SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.6. Latin America SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 10.7. Latin America SYNTHETIC LEATHER Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. TEIJIN LIMITED 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Kuraray Co., Ltd. 11.3. Toray Industries, Inc. 11.4. Asahi Kasei Corporation 11.5. Huafon Group 11.6. Yantai Wanhua Synthetic Leather Group Co., Ltd. 11.7. San Fang Chemical Industry Co., Ltd. 11.8. Mayur Uniquoters Ltd. 11.9. OTHER MARKET PLAYERS