Canada Synthetic Leather Market Size & Outlook, 2024-2033
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Canada synthetic leather market highlights
- The Canada synthetic leather market generated a revenue of USD 2,408.9 million in 2024 and is expected to reach USD 6,762.4 million by 2033.
- The Canada market is expected to grow at a CAGR of 12.2% from 2025 to 2033.
- In terms of segment, footwear was the largest revenue generating leather type in 2024.
- Automotive is the most lucrative leather type segment registering the fastest growth during the forecast period.
Synthetic leather market data book summary
| Market revenue in 2024 | USD 2,408.9 million |
| Market revenue in 2033 | USD 6,762.4 million |
| Growth rate | 12.2% (CAGR from 2025 to 2033) |
| Largest segment | Footwear |
| Fastest growing segment | Automotive |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Furnishing, Automotive, Footwear, Wallets, Bags & Purses, Clothing, Other Applications |
| 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, Canada accounted for 5.9% of the global synthetic leather market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. synthetic leather market is projected to lead the regional market in terms of revenue in 2033.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 16,965.3 million by 2033.
Footwear was the largest segment with a revenue share of 33.55% in 2024. Horizon Databook has segmented the Canada synthetic leather market based on furnishing, automotive, footwear, wallets, bags & purses, clothing, other applications covering the revenue growth of each sub-segment from 2021 to 2033.
Genuine leather industry is on a decline in Canada owing to the rising campaigns and awareness created by various animal rights groups. Earlier, Canada imported leather from India and other Asian countries.
However, owing to the rising cruelty against animals, the government imposed stringent laws and regulations on the use of leather products. Thus, the demand and supply gap was supplemented by synthetic leather.
The domestic artificial leather industry in Canada has continued to face tough competition from Asian manufacturers. A significant rise in demand for footwear incorporating innovative designs, particularly sneaker shoes made from synthetic leather has been observed since the past few years.
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Synthetic Leather Market Scope
Synthetic Leather Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| San Fang Chemical Industry | View profile | 1001-5000 | Kaohsiung, T'ai-wan, Taiwan, Asia | https://www.sanfang.com/ |
| Velcro | View profile | 5001-10000 | Manchester, New Hampshire, United States, North America | http://www.velcro.com/ |
| H.R. Polycoats | View profile | 501-1000 | Bahadurgarh, Haryana, India, Asia | https://www.hrcheetal.com |
| Nan Ya Plastics | View profile | 251-500 | Taipei, T'ai-pei, Taiwan, Asia | https://www.npc.com.tw/j2npc/zhtw/ |
| Mayur Uniquoters | View profile | 251-500 | Jaipur, Rajasthan, India, Asia | http://mayuruniquoters.com |
| Air Water Inc | View profile | 26566 | 12-8, Minami Semba 2-chome, Chuo-ku, Osaka, Japan, 542-0081 | http://www.awi.co.jp |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Kuraray Co Ltd | View profile | 13161 | Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, Japan, 100-8115 | http://www.kuraray.co.jp |
Canada synthetic leather market size, by leather type, 2021-2033 (US$M)
Canada Synthetic Leather Market Outlook Share, 2024 & 2033 (US$M)
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