Global Synthetic Leather Market Size & Outlook, 2023-2030
The synthetic leather industry worldwide is expected to reach a projected revenue of US$ 66,844.4 million by 2030. A compound annual growth rate of 8% is expected of the worldwide synthetic leather industry from 2024 to 2030.
Revenue, 2023 (US$M)
$38,979.0
Forecast, 2030 (US$M)
$66,844.4
CAGR, 2024 - 2030
8%
Report Coverage
Worldwide
Global synthetic leather market, 2018-2030 (US$M)
Related Markets
Global synthetic leather market highlights
- The global synthetic leather market generated a revenue of USD 38,979.0 million in 2023 and is expected to reach USD 66,844.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8% by 2030.
- In terms of segment, pu synthetic leather accounted for a revenue of USD 23,697.8 million in 2023.
- PU synthetic leather is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 38,979.0 million |
| Market revenue in 2030 | USD 66,844.4 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Pu synthetic leather |
| Fastest growing segment | PU synthetic leather |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PU synthetic leather, PVC Synthetic Leather, Bio-based Leather |
Other key industry trends
- In terms of revenue, the North America accounted for 21.2% of the global synthetic leather market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 3,145.4 million by 2030.
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Synthetic Leather Market Scope
Synthetic leather market segmentation & scope
Synthetic Leather Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global synthetic leather market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synthetic leather market will help companies and investors design strategic landscapes.
Pu synthetic leather was the largest segment with a revenue share of 60.8% in 2023. Horizon Databook has segmented the Global synthetic leather market based on pu synthetic leather, pvc synthetic leather, bio-based leather covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Synthetic Leather Type Outlook (Revenue, USD Million, 2018-2030)
- PU synthetic leather
- PVC Synthetic Leather
- Bio-based Leather
- Global Synthetic Leather Application Outlook (Revenue, USD Million, 2018-2030)
- Furnishing
- Automotive
- Footwear
- Wallets, bags& purses
- Clothing
- Others
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Our clientele includes a mix of synthetic leather market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global synthetic leather market , including forecasts for subscribers. This global databook contains high-level insights into Global synthetic leather market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global synthetic leather market size, by region, 2018-2030 (US$M)
Top 10 countries: Synthetic leather market size, 2023 (US$M)
Global synthetic leather market share, by type, 2023 & 2030 (%, US$M)
Synthetic Leather Market: Opportunity Assessment By Country
Global synthetic leather market, by region, 2023 (US$M)
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