Global Synthetic Leather Market Size By Product (PVC-Based, PU-Based, Bio-Based), By End-User (Automotive, Footwear, Clothing, Furnishing, Bags, Purses And Wallets), By Geographic Scope And Forecast

Synthetic Leather Market Size And Forecast

Synthetic Leather Market size was valued at USD 29.98 Billion in 2020 and is projected to reach USD 49.88 Billion by 2028, growing at a CAGR of 7.0% from 2021 to 2028.

The expansion of the worldwide Synthetic Leather Market is being fueled by increased awareness of the benefits of synthetic leather over genuine leather, as well as increased demand from the footwear sector. Synthetic leather is a man-made cloth that mimics the appearance of genuine leather. It has a leather-like surface and is coloured and processed to resemble real leather in appearance and feel. Because it is less expensive and therefore does not require the use of a real animal hide, it is frequently used as a substitute for real leather.

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