Home > > Global Synthetic Leather Market Report
The Synthetic Leather market was valued at $36,821.1 Million in 2023, and is projected to reach $56,965.1 Million by 2030 growing at a CAGR of 6.49% from 2024 to 2030. PU Synthetic Leather segment is expected to be the highest contributor to this market, with $24,227.7 Million in 2023, and is anticipated to reach $35,665.9 Million by 2030, registering a CAGR of 5.73%. Bio-based Leather segment is anticipated to reach $3,367.0 Million by 2030 with the highest CAGR of 19.66%. PU Synthetic Leather and PVC Synthetic Leather segments collectively expected to account for about 97.6% share of the Synthetic Leather market in 2023, with the former constituting around 65.8% share. Bio-based Leather and PVC Synthetic Leather segments are expected to witness significant growth rates at a CAGR of 19.66% and 6.36% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 34.2% in the overall Synthetic Leather market in 2023, and is anticipated to reach 37.4% by 2030. Type PU Synthetic Leather PVC Synthetic Leather Bio-based Leather Application Furnishing Automotive Footwear Wallets, Bags & Purses Clothing Other Applications BY REGION North America U.s. Canada Europe Germany U.k. France Italy Spain Rest of Europe Asia China Japan South Korea India Indonesia Rest of Asia Middle East & Africa Brazil Mexico South Africa Australia Rest of MENA