From GlobeNewswire: 2025-05-27 10:51:00

The global synthetic leather market is booming due to its use in footwear, clothing, furniture, and automotive industries. In 2024, the market was worth $32.24 billion and is expected to reach $54.16 billion by 2031, with a 6.5% CAGR. Key drivers include bio-based materials, cruelty-free products, and technological advancements.

Synthetic leather is in high demand across various industries like footwear, clothing, furniture, and automotive due to its cost-effectiveness, abrasion resistance, and water resistance. Its versatility in colors, styles, and textures makes it popular for upholstery and interior decoration, further driving market growth.

Advantages of synthetic leather include visual appeal, affordability, waterproof properties, and cruelty-free production methods. These benefits contribute to its increasing popularity in various applications, from furniture to fashion. Asia Pacific led the market in 2024, with high growth expected in the region during the forecast period.

The automotive industry’s growth is fueling the demand for synthetic leather in automotive interiors, especially in countries like India, China, Mexico, the US, and Germany. The Insight Partners report offers valuable insights for stakeholders to navigate the evolving synthetic leather market landscape and unlock new opportunities.



Read more at GlobeNewswire: Synthetic Leather Market Size to Grow by USD 54.16 Billion