Europe Synthetic Leather Market Size & Outlook, 2023-2030
Europe synthetic leather market, 2018-2030 (US$M)
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Europe synthetic leather market highlights
- The Europe synthetic leather market generated a revenue of USD 9,296.0 million in 2023.
- The market is expected to grow at a CAGR of 6.7% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 9,296.0 million |
| Market revenue in 2030 | USD 14,603.9 million |
| Growth rate | 6.7% (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 |
| 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, Europe region accounted for 23.8% of the global synthetic leather market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 31,566.5 million by 2030.
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Synthetic Leather Market Scope
Synthetic Leather Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 61.12% in 2023. Horizon Databook has segmented the Europe 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.
Synthetic leather market in Europe is witnessing a gradual growth. Increasing vegan population and several initiatives undertaken by organizations fighting for animal rights are posing a threat to leather industry. This is resulting in a demand and supply gap, which is expected to be supplemented by synthetic leather products.
The UK, Germany, France, and Russia are few of the countries holding a large market share in Europe. The conflict between Ukraine and Syria has resulted in the unfavorable impact on the demand for leather goods.
Europe synthetic leather market witnessed significant growth owing to the flourishing automobile and consumer appliances sectors in the region. After the economic downturn, the governments in the region are focusing on bio-based and low-cost products with high durability.
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Our clientele includes a mix of synthetic leather market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe synthetic leather market , including forecasts for subscribers. This continent databook contains high-level insights into Europe synthetic leather market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe synthetic leather market size, by country, 2018-2030 (US$M)
Europe Synthetic Leather Market Outlook Share, 2023 & 2030 (US$M)
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