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 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 2023USD 38,979.0 million
Market revenue in 2030USD 66,844.4 million
Growth rate8% (CAGR from 2023 to 2030)
Largest segmentPu synthetic leather
Fastest growing segmentPU synthetic leather
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPU 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 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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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.

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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)

Global synthetic leather market size, by region, 2018-2030 (US$M)

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