Base Year
Historical Year
Forecast Year
The global polyurethane leather market is being aided by the rising synthetic leather market, which reached a value of about USD 31.26 billion in 2023. The synthetic leather market is further expected to grow at a CAGR of 4.9% in the forecast period of 2024-2032 to reach a value of USD 48.24 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The Asia Pacific is expected to witness a robust growth over the forecast period. The emerging markets in the region, such as China, India, Thailand, and Vietnam, are anticipated to play a major role in product demand. The growing usage of polyurethane leather in the footwear industry is significantly contributing to the industry growth. The growing population and the escalating disposable incomes are resulting in the increased demand for leather and luxury products in the region, which, in turn, is driving the demand for polyurethane leather as a raw material. Europe is another significant market for the product. However, the recent spread of COVID-19 across the globe has adversely impacted the demand for PU leather due to the stringent government restrictions put in place to curb the spread of the pandemic.
Polyurethane leather, also referred to as PU leather, is a type of artificial/synthetic leather obtained from thermoplastic polymer. The synthetic leather products are prepared through the process of coagulation, wherein polyurethane is combined with dimethylformamide and cellulose fibre to finally produce polyurethane leather as the end product. In comparison to other types of synthetic leather, PU leather provides benefits like better tensile strength, rigidity, compression, surface friction, and roughness. Its major applications include footwear, clothing, and bags and wallet, among others.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on application, the market is divided into:
On the basis of sales channel, the industry can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The global market for polyurethane leather is being driven by the growing demand for products prepared from synthetic leather owing to their premium look and quality. PU leather is an affordable alternative to genuine leather, which is increasingly replacing its applications in handbags, car furnishings, clothing, and others. Further, it enables the production of lightweight, breathable, and waterproof materials. The growing trend of athleisure and the rising demand for athletic shoes are significantly contributing to the industry growth as footwear is one of the major applications of the product. The market is also supported by the increasing disposable incomes and rising living standards. Since PU does not emit dioxins, it is considered an eco-friendlier alternative over other synthetic leathers like polyvinyl chloride (PVC) leather. Over the forecast period, the new product innovations by the manufacturers are expected to further propel the industry growth.
The report gives a detailed analysis of the following key players in the global polyurethane leather market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Applications |
|
| Breakup by Sales Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the market attained a value of nearly USD 31.26 billion.
The market is projected to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 48.24 billion by 2032.
The major drivers of the market are rising disposable incomes, increasing population, growing demand for synthetic leather, increasing demand for premium quality products, and growing technological advancements.
The key trends guiding the market include the growing R&D activities and new product launches by key players.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of polyurethane leather are footwear, furnishing, automotive, clothing, bags and wallets, sports, and electronics, among others.
The major sales channels in the industry are OEM (original equipment manufacturer) and aftersales.
The major players in the industry are Stahl Holdings B.V., Ocean Plastic Co., Ltd., DOW chemical Company, BZ Leather Company, and DAEWON Chemical, among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share