Polyurethane (PU) Leather Market Size & Share, by Type (PU, PVC, Bio-Based, Microfiber); Application (Footwear, Furnishing, Automotive, Bags & Shoes, Clothing, Electronics, Sports) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5750
  • Published Date: Feb 28, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Polyurethane Leather Market size is expected to cross USD 100 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of polyurethane leather was over USD 40 Billion. With the rise in popularity of electric vehicles in recent years, the automobile sector has experienced rapid expansion in recent years. Some of the key trends affecting the automobile industry are the decrease of harmful emissions to protect the environment, the improvement of safety and comfort, and the combination of more affordable and fuel-efficient vehicles. In 2022, 57 million passenger vehicles were made globally.

In addition, synthetic leather's ability to regulate temperature well, provide exceptional comfort, and be easily styled has led to its growing popularity in the fashion industry. In addition, top fashion labels' investments in the creation of artificial leather clothing and shoes, along with rising consumer demand, will accelerate industry expansion in the years to come. The negative environmental implications of producing natural leather are increasingly known to consumers because of several online and social media efforts. As a result, customers are becoming more inclined to select natural leather substitutes to contribute to environmental protection.

Polyurethane Leather Market
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Polyurethane Leather Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Demand from the Footwear Sector- With prospects for expansion, the footwear industry is currently the main user of synthetic leather. This growth is particularly noticeable in areas like Europe, South America, and Asia Pacific, which is good news for the synthetic leather market. The strong demand for modern, fashionable footwear brands and the increase in urbanization are the main factors driving this market expansion. The synthetic leather market is growing and is a dynamic sector with a promising future as long as there is a continued need for stylish footwear.
  • Concentrate on Creating Synthetic Leather Based on Biomaterials- The emergence of synthetic leather derived from biotechnology presents a sustainable substitute that lacks any detrimental characteristics. Commercializing synthetic leather made from natural fibers like cotton, flax, and blends with plants like corn, soybean, and palm should be a top priority for manufacturers. Using the strong and flexible fibers of pineapple leaves, "Pinatex," a notable entrant to the synthetic leather market, makes use of pineapple leaves. Once regarded as trash, pineapple leaves are now used to make expensive items like purses, shoes, and accessories. Growing political and environmental restrictions against harmful chemicals in North America and the European Union make biobased synthetic leather a potentially lucrative market for the sector.
  • Sales of bio-based synthetic leather impacting the growth of the market as a whole- For the purpose of making shoes and purses, producers are switching from using real leather to bio-based or vegan synthetic leather due to growing demand and stringent international laws intended to prevent animal abuse. Furthermore, research has produced environmentally friendly and vegan leather. Consequently, there is less of a market for leather derived from animals. The value of the worldwide vegan leather industry is expected to increase from USD 39.5 billion in 2022 to USD 74.5 billion by 2030.


  • Detrimental Effects of PVC And PU on People- Polyurethane (PU) and polyvinyl chloride (PVC), two basic ingredients used in the manufacturing of synthetic leather, are extremely hazardous to human health and the environment. The isocyanate PU has the potential to be harmful to the environment, human health, and animal health. It can cause skin irritation, respiratory difficulties, lung irritation, and asthma attacks, especially among workers at PU manufacturing facilities exposed to its vapors. Conversely, dioxin, phthalates, and vinyl chloride monomer are among the harmful carcinogens found in PVC. Particularly hazardous compounds generated during the burning of PVC and other plastics containing chlorine include dioxin. The synthetic leather business faces significant obstacles due to the hazardous properties of PVC and PU.
  • Polyurethane is criticized for being non-biodegradable and for having an environmental impact that is high in carbon.
  • Presence of alternative in the market may impede market growth.

Polyurethane (PU) Leather Market: Key Insights

Base Year


Forecast Year



~ 8%

Base Year Market Size (2023)

 ~ USD 40 Billion

Forecast Year Market Size (2036)

 ~ USD 100 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Polyurethane Leather Segmentation

Application (Footwear, Furnishing, Automotive, Bags & Shoes, Clothing, Electronics, Sports)

Based on application, footwear segment is poised to maintain its leadership position in the polyurethane (PU) leather market with about 30% during the anticipated timeframe. Due to a variety of interrelated variables, A combination of artistic, ethical, and economic factors contribute to its dominance. For shoe manufacturers, synthetic leather is an economical option that combines affordability, style, and quality in a seamless manner. Its innate resilience is crucial because it bears the strains of regular use while maintaining its shape and aesthetic appeal over time. Its prominence in the footwear sector is further reinforced by the fact that synthetic leather may be personalized.  Worldwide, 23.9 billion pairs of shoes were made in 2022.

Type (PU, PVC, Bio-Based, Microfiber)

Based on type, the PU segment in the polyurethane leather market is attributed to grow with about 28% share during the forecast period. PU-based synthetic leather is the most widely used type in the synthetic leather market, with applications in clothing, footwear, furnishings, automotive, bags, purses & wallets, and other end-use industries. Its versatility, affordability, durability, and environmental benefits further contribute to its popularity. Synthetic leather based on polyurethane (PU) has a long lifespan since it can tolerate wear and tear. Its appeal is further boosted by ethical and environmental concerns, as it supports sustainable and cruelty-free options.

Our in-depth analysis of the global polyurethane leather market includes the following segments:


  • PU
  • PVC
  • Bio-Based
  • Microfiber


  • Footwear
  • Furnishing
  • Automotive
  • Bags & Shoes
  • Clothing
  • Electronics
  • Sports

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Polyurethane Leather Industry - Regional Synopsis

APAC Market Forecast

The Asia Pacific polyurethane leather market is anticipated to hold 32% of the revenue share by 2036 due to a confluence of industrial, cultural, and economic factors. Urbanization and rapid economic expansion have changed lifestyles and increased consumer spending, which has increased demand for synthetic leather garments, purses, and shoes. India is a profitable market for the selling of synthetic leather because it is one of the world's biggest producers of shoes. Growing population and rising per capita income would propel shoe sales, which in turn will increase demand for polyurethane leather in the Indian footwear sector. With a budget of US$ 390 billion, the Indian government has started "the Indian Footwear, Leather and Accessories Development Programme (IFLADP)". Through this program, the government will create plans for human resource development and offer financial support in places where modernizing industrial units is required.

North American Market Statistics

North America region is expected to account for 27% share of the global polyurethane leather market during the forecast period owing to the rise in electric mobility. Furthermore, it is anticipated that rising government support in the form of advantageous programs and regulations will boost market demand. The newest technologies, such as ADAS, cater to the growing consumer preference for safety and comfort aspects in cars. Additionally, the USA Artificial Leather market was the fastest-growing in the region and had the biggest market share.

Research Nester
Polyurethane Leather Market size
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Companies Dominating the Polyurethane Leather Landscape

    • .R. Polycoats Pvt. Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Alfatex Italia SRL
    • General Silicones
    • tSan Fang Chemical Industry Co., Ltd
    • Filwel Co., Ltd.
    • Yantai Wanhua Synthetic Leather Group Co., Ltd.
    • Mayur Uniquoters Limited
    • Daewon Chemical Co Ltd
    • Nan Ya Plastics Corporation


In The News

  • Volvo Motors responded to recent studies revealing the future of sustainable luxury goods by pledging to use materials free of leather in all of their upcoming electric vehicles. The venerable automaker's latest move is motivated by a desire to use premium recycled materials to advance animal welfare and sustainability. Volvo is a global automotive company that is electrifying and becoming carbon neutral across all of its brands and production processes.
  • The Taiwan-based business General Silicones, well-known for its silicone goods, announced the launch of Compo-SiL (SL series) vegan leather, their newest product. This PETA-approved SL series was created especially to meet the needs of consumer products makers. Manufacturers of consumer goods can now source premium vegan leather sources with factory-applied fabric lining.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 5750
  • Published Date: Feb 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing use of polyurethane leather in footwear and automotive industry are the major factors driving the growth of the polyurethane leather market.

The market size of polyurethane leather is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2024-2036.

The major players in the market are Alfatex Italia SRL, General Silicones, Alfatex Italia SRL, San Fang Chemical Industry Co., Ltd, Filwel Co., Ltd., Yantai Wanhua Synthetic Leather Group Co., Ltd., Mayur Uniquoters Limited, Daewon Chemical Co Ltd, Nan Ya Plastics Corporation, and others.

The footwear segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Polyurethane Leather Market Report Scope

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