Textile & Apparel Inputs · Direct
Monitoring · monthlyProcurement Category Intelligence
Synthetic Leather (PU/PVC)
Overview
Market size
$42.0B
global, USD
CAGR
5.8%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
5
tracked players
Signals
12
1 high severity
Market outlook
2031$55.7B
What changed
Demand by region
Asia Pacific demand45%
Europe demand25%
North America demand20%
Rest of world demand10%
share of global demandtotal 100%
Cost drivers
Feedstocks and Chemicals (Polyurethane/PVC resins, plasticizers, solvents)45%
Base Fabrics (Polyester, microfiber, cotton backing material)25%
Energy and Utilities (Curing, coating, and drying processes)15%
Labor and Overhead10%
Logistics and Freight5%
share of delivered cost (analyst estimate)