Polyurethane Synthetic Leather Market to Reach USD 77.9 Billion by 2034
Polyurethane synthetic leather, a textile coated with a durable polymer, has seen significant growth in the global stock market today. In 2024, the stock market was valued at USD 19.6 billion, with a projected reach of USD 77.9 billion by 2034, expanding at a CAGR of 14.8% between 2025 and 2034.
The footwear industry has been the primary consumer of polyurethane synthetic leather, accounting for around 34.5% of the stock market today in 2024. This material, engineered to mimic genuine leather, offers affordability, cruelty-free production, and enhanced qualities such as greater durability, softness, and longevity. The stock market is dominated by solvent-based polyurethane synthetic leather, which comprised about 87.8% of the total global stock market in 2024.
Industry focus has recently shifted towards bio-based PU synthetic leather as a sustainable alternative. The Asia Pacific region led the stock market in 2024, accounting for a 38.6% share with revenues of USD 7.5 billion. However, specific country-wise data for the highest revenue in the polyurethane synthetic leather stock market in 2024 was not available.
The global polyurethane synthetic leather stock market, driven by its affordability, durability, and sustainability, is projected to grow significantly over the next decade. With a strong presence in the footwear industry and a focus on bio-based materials, the stock market is expected to reach USD 77.9 billion by 2034.
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