Textile, Apparel & Leather Inputs Deep · Direct
Monitoring · monthlyProcurement Category Intelligence
Synthetic Leather - PU
Overview
Market size
$78.5B
global, USD
CAGR
7.8%
base to forecast
Buyer power
-2.5
supplier-favoured
Suppliers
6
tracked players
Signals
12
3 high severity
Market outlook
2031$114.3B
What changed
Demand by region
Asia Pacific demand48%
Europe demand24%
North America demand18%
Rest of world demand10%
share of global demandtotal 100%
Cost drivers
Polyurethane (PU) resin and base polymers40%
Fabric backing material (Microfiber, polyester, cotton)25%
Energy and utility processing costs15%
Labor and overhead12%
Freight, logistics, and delivery8%
share of delivered cost (analyst estimate)