U.S. Synthetic Leather Market Size & Outlook, 2023-2030
U.S. synthetic leather market, 2018-2030 (US$M)
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U.S. synthetic leather market highlights
- The U.S. synthetic leather market generated a revenue of USD 5,178.5 million in 2023 and is expected to reach USD 8,784.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.8% 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 5,178.5 million |
| Market revenue in 2030 | USD 8,784.0 million |
| Growth rate | 7.8% (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, U.S. accounted for 13.3% 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 |
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U.S. 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 62.96% in 2023. Horizon Databook has segmented the U.S. 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.
The U.S. synthetic leather market has witnessed a considerable rise in consumption in the recent past. A further increase in consumption is anticipated over the next few years. Significant rise in demand for automotive synthetic leather upholstery is expected to propel the overall market in the U.S.
Uniroyal Engineered Products LLC, Coaters Inc. Leather, and Texti leather Corporation are among few manufacturers of synthetic leather in the U.S. General Motors, Fiat Chrysler, and Ford are the three largest automotive manufacturers in the U.S., who contribute to the heavy demand for synthetic leather for car interiors.
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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 U.S. synthetic leather market , including forecasts for subscribers. This country databook contains high-level insights into U.S. synthetic leather market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. synthetic leather market size, by type, 2018-2030 (US$M)
U.S. Synthetic Leather Market Outlook Share, 2023 & 2030 (US$M)
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