Middle East & Africa Synthetic Leather Market Size & Outlook
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MEA synthetic leather market highlights
- The MEA synthetic leather market generated a revenue of USD 2,234.2 million in 2024.
- The market is expected to grow at a CAGR of 11.5% from 2025 to 2033.
- In terms of segment, footwear was the largest revenue generating leather type in 2024.
- Automotive is the most lucrative leather type segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2025 to 2033.
MEA data book summary
| Market revenue in 2024 | USD 2,234.2 million |
| Market revenue in 2033 | USD 5,927.6 million |
| Growth rate | 11.5% (CAGR from 2025 to 2033) |
| Largest segment | Footwear |
| Fastest growing segment | Automotive |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Furnishing, Automotive, Footwear, Wallets, Bags & Purses, Clothing, Other Applications |
| 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, MEA region accounted for 5.4% of the global synthetic leather market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- North America is the fastest growing regional market and is projected to reach USD 26,267.6 million by 2033.
Footwear was the largest segment with a revenue share of 33.25% in 2024. Horizon Databook has segmented the Middle East & Africa synthetic leather market based on furnishing, automotive, footwear, wallets, bags & purses, clothing, other applications covering the revenue growth of each sub-segment from 2021 to 2033.
The Middle East synthetic leather market is likely to witness substantial growth over the forecast period. Improving standards of living coupled with growing automotive and consumer goods industries are projected to create lucrative opportunities for the market in the coming years.
However, the recent outbreak of novel coronavirus disease has resulted in the sluggish demand for synthetic leather in various end-use applications including automotive, footwear, and clothing. Factors such as restrictions on export & import, ban on tourism, have majorly hampered the market growth in the region.
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Synthetic Leather Market Scope
Synthetic Leather Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| San Fang Chemical Industry | View profile | 1001-5000 | Kaohsiung, T'ai-wan, Taiwan, Asia | https://www.sanfang.com/ |
| Velcro | View profile | 5001-10000 | Manchester, New Hampshire, United States, North America | http://www.velcro.com/ |
| H.R. Polycoats | View profile | 501-1000 | Bahadurgarh, Haryana, India, Asia | https://www.hrcheetal.com |
| Nan Ya Plastics | View profile | 251-500 | Taipei, T'ai-pei, Taiwan, Asia | https://www.npc.com.tw/j2npc/zhtw/ |
| Mayur Uniquoters | View profile | 251-500 | Jaipur, Rajasthan, India, Asia | http://mayuruniquoters.com |
| Air Water Inc | View profile | 26566 | 12-8, Minami Semba 2-chome, Chuo-ku, Osaka, Japan, 542-0081 | http://www.awi.co.jp |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Kuraray Co Ltd | View profile | 13161 | Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, Japan, 100-8115 | http://www.kuraray.co.jp |
MEA synthetic leather market size, by country, 2021-2033 (US$M)
Middle East & Africa Synthetic Leather Market Outlook Share, 2024 & 2033 (US$M)
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