Japan Synthetic Leather Market Size & Outlook, 2023-2030
Japan synthetic leather market, 2018-2030 (US$M)
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Japan synthetic leather market highlights
- The Japan synthetic leather market generated a revenue of USD 3,785.9 million in 2023 and is expected to reach USD 6,488.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 8% 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 3,785.9 million |
| Market revenue in 2030 | USD 6,488.7 million |
| Growth rate | 8% (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, Japan accounted for 9.7% 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 Asia Pacific, China synthetic leather market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 12,434.1 million by 2030.
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Synthetic Leather Market Scope
Synthetic Leather Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 62.95% in 2023. Horizon Databook has segmented the Japan 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.
Japan synthetic leather market is facing tough competition from Fumiko data, which is used in Fumikoda bags & wallets. Fumiko data is a replication of animal leather with burnished edges to resemble real leather.
It also has higher tensile strength as compared to real leather and a better texture in comparison with synthetic leather. Being a cruelty-free material, it has attained widespread popularity among the vegan population in Japan.
The demand for synthetic leather in Japan is expected to augment over the forecast period on account of continuous research activities and product development by market players coupled with lower product prices.
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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 country-level data and insights on the Japan synthetic leather market , including forecasts for subscribers. This country databook contains high-level insights into Japan synthetic leather market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan synthetic leather market size, by type, 2018-2030 (US$M)
Japan Synthetic Leather Market Outlook Share, 2023 & 2030 (US$M)
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