Europe Synthetic Leather Market Size & Outlook, 2024-2033
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Europe synthetic leather market highlights
- The Europe synthetic leather market generated a revenue of USD 7,350.5 million in 2024.
- The market is expected to grow at a CAGR of 12.1% from 2025 to 2033.
- In terms of segment, footwear was the largest revenue generating leather type in 2024.
- Wallets, Bags & Purses is the most lucrative leather type segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2025 to 2033.
Europe data book summary
| Market revenue in 2024 | USD 7,350.5 million |
| Market revenue in 2033 | USD 20,473.2 million |
| Growth rate | 12.1% (CAGR from 2025 to 2033) |
| Largest segment | Footwear |
| Fastest growing segment | Wallets, Bags & Purses |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 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, Europe region accounted for 17.9% of the global synthetic leather market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- North America is the fastest growing regional market and is projected to reach USD 26,267.6 million by 2033.
Footwear was the largest segment with a revenue share of 28.61% in 2024. Horizon Databook has segmented the Europe 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.
Synthetic leather market in Europe is witnessing a gradual growth. Increasing vegan population and several initiatives undertaken by organizations fighting for animal rights are posing a threat to leather industry. This is resulting in a demand and supply gap, which is expected to be supplemented by synthetic leather products.
The UK, Germany, France, and Russia are few of the countries holding a large market share in Europe. The conflict between Ukraine and Syria has resulted in the unfavorable impact on the demand for leather goods.
Europe synthetic leather market witnessed significant growth owing to the flourishing automobile and consumer appliances sectors in the region. After the economic downturn, the governments in the region are focusing on bio-based and low-cost products with high durability.
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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 |
Europe synthetic leather market size, by country, 2021-2033 (US$M)
Europe Synthetic Leather Market Outlook Share, 2024 & 2033 (US$M)
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