Global Artificial Leather Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Pu-Based, Pvc-Based, and Bio-Based.

By Application;

Furnishing, Automotive, Footwear, Bags & Wallets, Clothing, and Other Applications.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn600918772 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Artificial Leather Market (USD Million), 2021 - 2031

In the year 2024, the Global Artificial Leather Market was valued at USD 38,917.49 million. The size of this market is expected to increase to USD 62,902.96 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.1%.

The global artificial leather market has witnessed significant growth over recent years, driven by various factors such as increasing demand for sustainable and cruelty-free alternatives to genuine leather. Artificial leather, also known as synthetic leather, offers numerous advantages, including cost-effectiveness, durability, and versatility, making it a preferred choice across various industries such as automotive, fashion, and furniture. The market is poised for continued expansion as consumers and manufacturers alike seek eco-friendly and innovative materials.

One of the primary drivers of the artificial leather market is the growing awareness and concern for animal welfare. Consumers are increasingly opting for products that do not involve animal harm, leading to a surge in demand for synthetic leather. Additionally, stringent regulations and policies promoting sustainable practices have compelled manufacturers to adopt artificial leather, further boosting market growth. The fashion industry, in particular, has seen a significant shift towards vegan leather products, reflecting the broader trend towards ethical consumerism.

Technological advancements in the production of artificial leather have also played a crucial role in market growth. Innovations in polymer science and manufacturing processes have led to the development of high-quality synthetic leather that closely mimics the look and feel of genuine leather. These advancements have expanded the applications of artificial leather, making it suitable for high-end products and thereby attracting a wider customer base. Moreover, the introduction of bio-based and recycled materials in artificial leather production aligns with the growing emphasis on sustainability.

The automotive industry represents a significant market for artificial leather, driven by the need for lightweight, durable, and aesthetically appealing materials. Synthetic leather is increasingly used in car interiors, offering a cost-effective and sustainable alternative to genuine leather. The growing trend of electric vehicles (EVs) and the emphasis on eco-friendly materials in automotive manufacturing have further propelled the demand for artificial leather. Additionally, the rise in disposable incomes and changing lifestyles have led to increased spending on luxury cars, contributing to market growth.

Despite the promising growth prospects, the artificial leather market faces challenges such as fluctuating raw material prices and environmental concerns associated with synthetic polymers. However, ongoing research and development efforts aimed at enhancing the sustainability of artificial leather production are expected to mitigate these challenges. The market is also witnessing collaborations between manufacturers and technology providers to innovate and develop advanced synthetic leather products. Overall, the global artificial leather market is set to experience robust growth, driven by consumer preferences for sustainable products and technological advancements in production processes.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Artificial Leather Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Vegan and Cruelty-Free Products
        2. Technological Advancements in Synthetic Leather Production
        3. Growing Automotive Industry and Use of Lightweight Materials
        4. Rising Disposable Incomes and Changing Consumer Preferences
      2. Restraints
        1. Fluctuating Prices of Raw Materials
        2. Environmental Concerns Related to Synthetic Polymers
        3. Competition from Genuine Leather and Other Alternatives
        4. Durability and Quality Issues with Low-End Artificial Leather
      3. Opportunities
        1. Development of Bio-Based and Recycled Synthetic Leathers
        2. Expansion in Emerging Markets and Regions
        3. Innovations in Production Technologies
        4. Increased Adoption in Fashion and Apparel Industry
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Artificial Leather Market, By Type, 2021- 2031 (USD Million)
      1. Pu-Based
      2. Pvc-Based
      3. Bio-Based
    2. Global Artificial Leather Market, By Application, 2021 - 2031 (USD Million)
      1. Furnishing
      2. Automotive
      3. Footwear
      4. Bags & Wallets
      5. Clothing
      6. Other Applications
    3. Global Artificial Leather Market, By Geography, 2021- 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Kuraray
      2. Contitech Ag
      3. H.R. Polycoats
      4. Alfatex Italia Srl
      5. Filwel
      6. Wanhua Chemical Group
      7. San Fang Chemical Industry
  7. Analyst Views
  8. Future Outlook of the Market