Canada Synthetic Leather Market Size & Outlook, 2023-2030
Canada synthetic leather market, 2018-2030 (US$M)
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Canada synthetic leather market highlights
- The Canada synthetic leather market generated a revenue of USD 2,008.4 million in 2023 and is expected to reach USD 3,237.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, pu synthetic leather was the largest revenue generating type in 2023.
- PU synthetic leather is the most lucrative type segment registering the fastest growth during the forecast period.
Synthetic leather market data book summary
| Market revenue in 2023 | USD 2,008.4 million |
| Market revenue in 2030 | USD 3,237.3 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Pu synthetic leather |
| Fastest growing segment | PU synthetic leather |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PU synthetic leather, PVC Synthetic Leather, Bio-based Leather |
| Key market players worldwide | Kuraray Co Ltd, Air Water Inc, Teijin Ltd, Mayur Uniquoters, Nan Ya Plastics, H.R. Polycoats, Velcro, San Fang Chemical Industry |
Other key industry trends
- In terms of revenue, Canada accounted for 5.2% of the global synthetic leather market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. synthetic leather market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 8,784.0 million by 2030.
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Synthetic Leather Market Scope
Synthetic Leather Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 57.71% in 2023. Horizon Databook has segmented the Canada 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.
Genuine leather industry is on a decline in Canada owing to the rising campaigns and awareness created by various animal rights groups. Earlier, Canada imported leather from India and other Asian countries.
However, owing to the rising cruelty against animals, the government imposed stringent laws and regulations on the use of leather products. Thus, the demand and supply gap was supplemented by synthetic leather.
The domestic artificial leather industry in Canada has continued to face tough competition from Asian manufacturers. A significant rise in demand for footwear incorporating innovative designs, particularly sneaker shoes made from synthetic leather has been observed since the past few years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada synthetic leather market , including forecasts for subscribers. This country databook contains high-level insights into Canada synthetic leather market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada synthetic leather market size, by type, 2018-2030 (US$M)
Canada Synthetic Leather Market Outlook Share, 2023 & 2030 (US$M)
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