Leatherette Market to Grow with a CAGR of 4.20% through 2030
Surge in research and development activities is
expected to drive the Global Leatherette Market growth in the forecast period,
2026-2030.
According to TechSci Research report, “Leatherette Market
- Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F”, the Global Leatherette Market stood at USD 5.61
Billion in 2024 and is anticipated to grow with a CAGR of 4.20% through 2030. Initiatives
taken by government based on leatherette has led to favorable market conditions
for the Global Leatherette Market. Several factors contribute to the growth of
various leatherette products.
Recent R&D efforts have led to the development of next-generation
polyurethane and polyvinyl chloride formulations that offer improved
durability, elasticity, breathability, and resistance to wear and environmental
stress. These advancements are particularly beneficial in industries such as
automotive and furniture, where materials must withstand prolonged use while
maintaining a premium look. Moreover, the leatherette industry is witnessing a
growing emphasis on sustainability-driven R&D. In response to rising
environmental concerns and demand for eco-friendly products, companies are
exploring bio-based and plant-derived alternatives to traditional petrochemical
materials.
One key area of focus is the promotion of eco-friendly alternatives to traditional leather. Many governments have implemented policies to reduce environmental impact and support the development of synthetic, cruelty-free materials. This includes funding for research and development in bio-based or recyclable alternatives to PVC and PU-based leatherette, aligning with global sustainability goals. In addition, incentives and tax benefits are being offered to domestic manufacturers of synthetic leather to boost local production and reduce dependence on imports.
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The Global Leatherette Market is segmented into sales
channel, end use, regional distribution, and company.
Based on Sales Channel, Indirect have
emerged as the dominating segment in the Global Leatherette Market in 2024. Many
small- and medium-sized manufacturers, especially in emerging markets, lack the
capacity to purchase directly from large-scale leatherette producers. Indirect
channels bridge this gap by offering flexible order volumes, localized
inventory, and region-specific product varieties. Additionally, distributors
often provide technical support, after-sales service, and assistance with
logistics and regulatory compliance making them an indispensable part of the
supply chain.
Based on Region, Asia Pacific have emerged as the fastest
growing region in the Global Leatherette Market in 2024. This is due to its
robust manufacturing capabilities, expanding consumer base, and rising demand
across key end-use industries. Countries such as China, India, South Korea, and
Vietnam have established themselves as major production hubs, benefiting from
cost-effective labor, access to raw materials, and supportive industrial
policies. This has enabled large-scale production of leatherette for applications
in automotive, footwear, apparel, furniture, and sports equipment.
Major companies operating in Global Leatherette Market
are:
- 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
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“One of the key benefits of nanotechnology in
leatherette production is the enhancement of abrasion resistance, UV stability,
and anti-microbial performance. This is particularly valuable in applications
such as automotive interiors, furniture, and fashion accessories, where
long-lasting aesthetics and hygiene are critical. Nanocoatings can also improve
surface hydrophobicity, making leatherette more stain-resistant and easier to
clean, thereby increasing its appeal in residential and commercial environments”,
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Leatherette Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel (Direct, Indirect), By End Use (Furniture, Automotive, Fashion & Accessories, Sports Equipment, Others), By Region and Competition, 2020-2030F”, has evaluated
the future growth potential of Global Leatherette Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Leatherette Market.
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