Asia Pacific Synthetic Leather Market Size & Outlook
- Plastics Polymers & Resins
- Processed Plastics
- Synthetic Leather Market Outlook
- Processed Plastics
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Asia Pacific synthetic leather market highlights
- The Asia Pacific synthetic leather market generated a revenue of USD 21,331.0 million in 2025.
- The market is expected to grow at a CAGR of 12.7% from 2026 to 2033.
- In terms of segment, pu synthetic leather was the largest revenue generating leather type in 2025.
- Bio-based Leather is the most lucrative leather type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2026 to 2033.
Asia Pacific data book summary
| Market revenue in 2025 | USD 21,331.0 million |
| Market revenue in 2033 | USD 54,629.4 million |
| Growth rate | 12.7% (CAGR from 2026 to 2033) |
| Largest segment | Pu synthetic leather |
| Fastest growing segment | Bio-based Leather |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PU Synthetic Leather, PVC Synthetic Leather, TPO 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, Asia Pacific region accounted for 46.8% of the global synthetic leather market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 54,629.4 million by 2033.
The growth of synthetic leather market in Asia Pacific is projected to be negatively impacted due to the COVID-19 pandemic. The pandemic has led to the limitations on cross-border trade, lockdowns imposed by various governments, and waning consumer demand.
China is one of the prominent markets for synthetic leather in terms of production and sales. The outbreak of COVID-19 has severely affected the country’s manufacturing output and compelled several manufacturers to either close or slow down their operations to contain the spread of the virus.
Major market players are targeting developing regions to cater to the rising product demand and increase their profitability. Extensive application of synthetic leather in luggage, boots, shoes, wallets, bags, and several other consumer goods is anticipated to drive artificial leather market in this region over the forecast period.
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Publish Date: Jun 02, 2026
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Synthetic Leather Market Scope
Synthetic Leather Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kuraray Co Ltd | View profile | 13,161 | Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, Japan, 100-8115 | www.kuraray.co.jp |
| Teijin Ltd | View profile | 24,499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | www.teijin.co.jp |
| Air Water Inc | View profile | 26,566 | 12-8, Minami Semba 2-chome, Chuo-ku, Osaka, Japan, 542-0081 | www.awi.co.jp |
| Mayur Uniquoters | View profile | 251-500 | Jaipur, Rajasthan, India, Asia | mayuruniquoters.com |
| Nan Ya Plastics | View profile | 251-500 | Taipei, T'ai-pei, Taiwan, Asia | www.npc.com.tw/j2npc/zhtw/ |
| H.R. Polycoats | View profile | 501-1000 | Bahadurgarh, Haryana, India, Asia | www.hrcheetal.com |
| Velcro | View profile | 5001-10000 | Manchester, New Hampshire, United States, North America | www.velcro.com/ |
| San Fang Chemical Industry | View profile | 1001-5000 | Kaohsiung, T'ai-wan, Taiwan, Asia | www.sanfang.com/ |
Asia Pacific 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 Outlook will help companies and investors design strategic landscapes.
Pu Synthetic Leather was the largest segment with a revenue share of 62.39% in 2025.
Horizon Databook has segmented the Asia Pacific synthetic leather market based on pu synthetic leather, pvc synthetic leather, tpo synthetic leather, bio-based leather covering the revenue growth of each sub-segment from 2021 to 2033.
The growth of synthetic leather market in Asia Pacific is projected to be negatively impacted due to the COVID-19 pandemic. The pandemic has led to the limitations on cross-border trade, lockdowns imposed by various governments, and waning consumer demand.
China is one of the prominent markets for synthetic leather in terms of production and sales. The outbreak of COVID-19 has severely affected the country’s manufacturing output and compelled several manufacturers to either close or slow down their operations to contain the spread of the virus.
Major market players are targeting developing regions to cater to the rising product demand and increase their profitability. Extensive application of synthetic leather in luggage, boots, shoes, wallets, bags, and several other consumer goods is anticipated to drive artificial leather market in this region over the forecast period.
- Asia Pacific Synthetic Leather Market Leather Type Outlook (Revenue, USD Million , 2021-2033)
- PU Synthetic Leather
- PVC Synthetic Leather
- TPO Synthetic Leather
- Bio-based Leather
- Asia Pacific Synthetic Leather Market Application Outlook (Revenue, USD Million , 2021-2033)
- Furnishing
- Automotive
- Footwear
- Wallets, Bags & Purses
- Clothing
- Other Applications
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Synthetic Leather Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Synthetic Leather Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Asia Pacific Synthetic Leather Market, 2021-2033 (US$M)
Asia Pacific synthetic leather market statistics, by leather type, 2021-2033 (US$M)
