Vietnam Synthetic Leather Market Size & Outlook, 2026-2033
The synthetic leather market in Vietnam is expected to reach a projected revenue of US$ 4,670.8 million by 2033. A compound annual growth rate of 13.9% is expected of Vietnam synthetic leather market from 2026 to 2033.
Revenue, 2025 (US$M)
$1,668.6
Forecast, 2033 (US$M)
$4,670.8
CAGR, 2026 - 2033
13.9%
Report Coverage
Vietnam
Related Markets
Vietnam synthetic leather market highlights
- The Vietnam synthetic leather market generated a revenue of USD 1,668.6 million in 2025 and is expected to reach USD 4,670.8 million by 2033.
- The Vietnam market is expected to grow at a CAGR of 13.9% 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.
Synthetic leather market data book summary
| Market revenue in 2025 | USD 1,668.6 million |
| Market revenue in 2033 | USD 4,670.8 million |
| Growth rate | 13.9% (CAGR from 2026 to 2033) |
| Largest segment | Pu synthetic leather |
| Fastest growing segment | Bio-based Leather |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 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, Vietnam accounted for 3.7% of the global synthetic leather market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China synthetic leather market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,740.1 million by 2033.
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Synthetic Leather Market Scope
Synthetic leather market segmentation & 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 |
Vietnam synthetic leather market size, by leather type, 2021-2033 (US$M)
Vietnam Synthetic Leather Market Outlook Share, 2025 & 2033 (US$M)
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