Product Code: 29508
The Global Leatherette Market was valued at USD 5.61 Billion in 2024 and is projected to reach USD 7.67 Billion by 2030, growing at a CAGR of 4.20% during the forecast period. Market expansion is primarily driven by the increasing consumer shift toward ethical and sustainable alternatives to animal leather. Rising awareness around environmental and animal welfare issues has led brands and manufacturers to embrace leatherette materials that appeal to vegan and eco-conscious buyers. Technological advancements have further enhanced leatherette's performance, improving its resistance to wear, ease of maintenance, and its ability to closely mimic real leather in texture and appearance. However, the industry faces headwinds from fluctuating costs of petrochemical-derived raw materials and growing environmental scrutiny of synthetic inputs, particularly those linked to plastic pollution. These challenges are prompting manufacturers to develop more sustainable and innovative production practices to stay competitive in the evolving market landscape.
Market Overview |
Forecast Period | 2026-2030 |
Market Size 2024 | USD 5.61 Billion |
Market Size 2030 | USD 7.67 Billion |
CAGR 2025-2030 | 4.20% |
Fastest Growing Segment | Direct |
Largest Market | North America |
Key Market Drivers
Growing Demand of Leatherette in Furniture Industry
The rising demand for leatherette in the global furniture market is a major growth driver. Forecasted to generate USD 799.46 billion in revenue by 2025, the furniture sector-particularly the living room segment valued at USD 232.49 billion-is increasingly turning to leatherette for its affordability, aesthetic appeal, and resilience. Leatherette serves as a cost-effective alternative to genuine leather for upholstery applications in homes, offices, and commercial environments. It is particularly valued for its durability and ease of maintenance, withstanding stains, scratches, and moisture. As consumer preferences continue to favor budget-friendly, stylish, and functional furniture, leatherette is gaining traction in sofas, chairs, headboards, and more, especially in high-use areas like hotels and public institutions.
Key Market Challenges
Fluctuations in Raw Material Prices
Volatile pricing of raw materials remains a key challenge for the leatherette industry. Leatherette is largely composed of synthetic materials such as polyurethane (PU) and polyvinyl chloride (PVC), whose costs are tied to the highly fluctuating crude oil market. Spikes in crude prices directly inflate the production costs of these compounds, thereby affecting manufacturing budgets and pricing strategies. This unpredictability complicates supply chain planning and may force producers to either absorb higher costs-impacting margins-or increase retail prices, potentially reducing competitiveness in cost-sensitive markets like automotive and furniture.
Key Market Trends
Rise in Urbanization
Rapid urbanization is emerging as a significant trend influencing the leatherette market. By 2025, global urbanization reached 58%, with regions like North America and Latin America exceeding 80%. As urban populations expand, the need for modern, space-efficient, and affordable furnishings rises. Leatherette is well-positioned to meet these demands, offering an attractive and durable alternative to genuine leather at lower cost. Its suitability for compact, multifunctional furniture used in urban homes and offices-combined with its resistance to wear-makes it a preferred material in contemporary interior design, further propelling its market demand.
Key Market Players
- United Decoratives Private Limited
- Jiangyin Xinlong Plastic Industry Co., Ltd.
- MAYUR UNIQUOTERS LTD.
- Wuxi Double Elephant Optoelectronic Material Co., LTD. DE
- Fujian Lanfeng Pu Leather Co., Ltd
- Nirmal Fibres (P) Ltd.
- Giriraj Coated Fab PVT. LTD
- Winiw International Co., Ltd.
- Lu'an Meitian Textile Co., Ltd.
- Wenzhou Simple Leather Co Ltd
Report Scope
In this report, the Global Leatherette Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Leatherette Market, By Sales Channel:
Leatherette Market, By End Use:
- Furniture
- Automotive
- Fashion & Accessories
- Sports Equipment
- Others
Leatherette Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Leatherette Market.
Available Customizations
Global Leatherette Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, and Trends
4. Impact of COVID-19 on Global Leatherette Market
5. Global Leatherette Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Sales Channel (Direct, Indirect)
- 5.2.2. By End Use (Furniture, Automotive, Fashion & Accessories, Sports Equipment, Others)
- 5.2.3. By Region
- 5.2.4. By Company (2024)
- 5.3. Market Map
6. North America Leatherette Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Sales Channel
- 6.2.2. By End Use
- 6.2.3. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Leatherette Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Sales Channel
- 6.3.1.2.2. By End Use
- 6.3.2. Mexico Leatherette Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Sales Channel
- 6.3.2.2.2. By End Use
- 6.3.3. Canada Leatherette Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Sales Channel
- 6.3.3.2.2. By End Use
7. Europe Leatherette Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Sales Channel
- 7.2.2. By End Use
- 7.2.3. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. France Leatherette Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Sales Channel
- 7.3.1.2.2. By End Use
- 7.3.2. Germany Leatherette Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Sales Channel
- 7.3.2.2.2. By End Use
- 7.3.3. United Kingdom Leatherette Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Sales Channel
- 7.3.3.2.2. By End Use
- 7.3.4. Italy Leatherette Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Sales Channel
- 7.3.4.2.2. By End Use
- 7.3.5. Spain Leatherette Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Sales Channel
- 7.3.5.2.2. By End Use
8. Asia Pacific Leatherette Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Sales Channel
- 8.2.2. By End Use
- 8.2.3. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Leatherette Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Sales Channel
- 8.3.1.2.2. By End Use
- 8.3.2. India Leatherette Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Sales Channel
- 8.3.2.2.2. By End Use
- 8.3.3. South Korea Leatherette Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Sales Channel
- 8.3.3.2.2. By End Use
- 8.3.4. Japan Leatherette Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Sales Channel
- 8.3.4.2.2. By End Use
- 8.3.5. Australia Leatherette Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Sales Channel
- 8.3.5.2.2. By End Use
9. South America Leatherette Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Sales Channel
- 9.2.2. By End Use
- 9.2.3. By Country
- 9.3. South America: Country Analysis
- 9.3.1. Brazil Leatherette Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Sales Channel
- 9.3.1.2.2. By End Use
- 9.3.2. Argentina Leatherette Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Sales Channel
- 9.3.2.2.2. By End Use
- 9.3.3. Colombia Leatherette Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Sales Channel
- 9.3.3.2.2. By End Use
10. Middle East and Africa Leatherette Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Sales Channel
- 10.2.2. By End Use
- 10.2.3. By Country
- 10.3. MEA: Country Analysis
- 10.3.1. South Africa Leatherette Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Sales Channel
- 10.3.1.2.2. By End Use
- 10.3.2. Saudi Arabia Leatherette Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Sales Channel
- 10.3.2.2.2. By End Use
- 10.3.3. UAE Leatherette Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Sales Channel
- 10.3.3.2.2. By End Use
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Disruptions : Conflicts, Pandemics and Trade Barriers
14. Global Leatherette Market: SWOT Analysis
15. Porters Five Forces Analysis
- 15.1. Competition in the Industry
- 15.2. Potential of New Entrants
- 15.3. Power of Suppliers
- 15.4. Power of Customers
- 15.5. Threat of Substitute Products
16. Competitive Landscape
- 16.1. United Decoratives Private Limited
- 16.1.1. Business Overview
- 16.1.2. Company Snapshot
- 16.1.3. Products & Services
- 16.1.4. Financials (As Reported)
- 16.1.5. Recent Developments
- 16.1.6. Key Personnel Details
- 16.1.7. SWOT Analysis
- 16.2. Jiangyin Xinlong Plastic Industry Co., Ltd.
- 16.3. MAYUR UNIQUOTERS LTD.
- 16.4. Wuxi Double Elephant Optoelectronic Material Co., LTD. DE
- 16.5. Fujian Lanfeng Pu Leather Co., Ltd
- 16.6. Nirmal Fibres (P) Ltd.
- 16.7. Giriraj Coated Fab PVT. LTD
- 16.8. Winiw International Co., Ltd.
- 16.9. Lu'an Meitian Textile Co., Ltd.
- 16.10. Wenzhou Simple Leather Co Ltd
17. Strategic Recommendations
18. About Us & Disclaimer