Synthetic Leather Market Outlook:
Synthetic Leather Market size was over USD 73.98 billion in 2025 and is projected to reach USD 146.9 billion by 2035, witnessing around 7.1% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of synthetic leather is evaluated at USD 78.71 billion.
With the rise in popularity of electric vehicles in recent years, the automobile sector has experienced rapid expansion in recent years.
Some of the key trends affecting the automobile industry are the decrease of harmful emissions to protect the environment, the improvement of safety and comfort, and the combination of more affordable and fuel-efficient vehicles. In 2022, 57 million passenger vehicles were made globally.
In addition, synthetic leather's ability to regulate temperature well, provide exceptional comfort, and be easily styled has led to its growing popularity in the fashion industry. In addition, top fashion labels' investments in the creation of artificial leather clothing and shoes, along with rising consumer demand, will accelerate industry expansion in the years to come.
The negative environmental implications of producing natural leather are increasingly known to consumers because of several online and social media efforts. As a result, customers are becoming more inclined to select natural leather substitutes to contribute to environmental protection.
