China Synthetic Leather Market Size & Outlook, 2023-2030

The synthetic leather market in China is expected to reach a projected revenue of US$ 12,434.1 million by 2030. A compound annual growth rate of 9.8% is expected of China synthetic leather market from 2024 to 2030.
Revenue, 2023 (US$M)
$6,456.6
Forecast, 2030 (US$M)
$12,434.1
CAGR, 2024 - 2030
9.8%
Report Coverage
China

China synthetic leather market highlights

  • The China synthetic leather market generated a revenue of USD 6,456.6 million in 2023 and is expected to reach USD 12,434.1 million by 2030.
  • The China market is expected to grow at a CAGR of 9.8% from 2024 to 2030.
  • In terms of segment, pu synthetic leather was the largest revenue generating type in 2023.
  • PU synthetic leather is the most lucrative type segment registering the fastest growth during the forecast period.


Synthetic leather market data book summary

Market revenue in 2023USD 6,456.6 million
Market revenue in 2030USD 12,434.1 million
Growth rate9.8% (CAGR from 2023 to 2030)
Largest segmentPu synthetic leather
Fastest growing segmentPU synthetic leather
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPU synthetic leather, PVC Synthetic Leather, Bio-based Leather
Key market players worldwideKuraray 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, China accounted for 16.6% of the global synthetic leather market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China synthetic leather market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 12,434.1 million by 2030.

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Synthetic Leather Market Companies

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China 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 will help companies and investors design strategic landscapes.


Pu synthetic leather was the largest segment with a revenue share of 67.9% in 2023. Horizon Databook has segmented the China synthetic leather market based on pu synthetic leather, pvc synthetic leather, bio-based leather covering the revenue growth of each sub-segment from 2018 to 2030.


China is the largest market for synthetic leather in Asia Pacific. It is also among the major consumers of leather in primary application segments such as automotive, furnishing, and clothing. Automotive and footwear industry, which are vital application segments for synthetic leather, are witnessing a rapid growth in the country.

China mainly imports synthetic leather from India, Korea, and Italy. Abundant availability of resources, easy accessibility to the latest technologies, and rapidly growing premium footwear and automotive markets are the major factors boosting the market growth in this country.

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Target buyers of China synthetic leather market databook

  • Our clientele includes a mix of synthetic leather market companies, investment firms, advisory firms & academic institutions.
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  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China synthetic leather market , including forecasts for subscribers. This country databook contains high-level insights into China synthetic leather market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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China synthetic leather market size, by type, 2018-2030 (US$M)

China Synthetic Leather Market Outlook Share, 2023 & 2030 (US$M)

China synthetic leather market size, by type, 2018-2030 (US$M)

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