North America Synthetic Leather Market Share, Size, Key Players, Trends, Competitive 2028
The North America Synthetic Leather Market is expected to grow from US$ 5096.85 million in 2021 to US$ 7937.78 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028.
North America Synthetic Leather Market Overview
Synthetic leather has gained widespread popularity across multiple industries, including footwear, apparel, furniture, and automotive. Among its many applications, synthetic leather is most commonly used in clothing, luggage, and cases. Its presence is growing in fashion items such as jackets, coats, handbags, purses, and belts. The footwear industry, in particular, sees a high demand for synthetic leather due to its affordability, durability, abrasion resistance, and water resistance, making it a practical choice for shoe manufacturing.
In the furniture sector, synthetic leather is increasingly used for upholstery—covering chairs, sofas, headboards, and even the surfaces of desks and tables. Its availability in a variety of colors, textures, styles, and patterns makes it a preferred material for enhancing residential and commercial interiors, further propelling North America Synthetic Leather Market growth.
The automotive industry also heavily utilizes synthetic leather, especially for car interiors like seat coverings. It offers cost-efficiency and aesthetic appeal, both of which are in high demand as the global automotive market continues to grow.
Impact of COVID-19 on the Market
North America was significantly impacted by the COVID-19 pandemic, which caused major disruptions in manufacturing and raw material supply chains. As a result, demand for synthetic leather declined across several industries, including footwear, apparel, furniture, and automotive. However, as economies stabilize—fueled by government initiatives such as widespread vaccination programs—the market is showing signs of recovery. Many businesses are revisiting pre-pandemic investment strategies, anticipating a resurgence in demand across key sectors.
Future Outlook and Strategic Insights
Advancements in product features and technology are enabling manufacturers to attract new customers and expand into emerging markets, further supporting market growth. The North America synthetic leather market is projected to experience a healthy compound annual growth rate (CAGR) over the forecast period.
Strategic insights into the North America Synthetic Leather Market provide a comprehensive, data-driven view of current industry dynamics, emerging trends, and key players. These insights help stakeholders—whether investors, manufacturers, or partners—identify untapped opportunities and develop unique value propositions to gain a competitive edge. By leveraging analytics and market foresight, businesses can better anticipate shifts in demand and strategically position themselves for long-term success in this evolving market. Ultimately, these insights empower informed decision-making to drive growth and profitability.
North America Synthetic Leather Market Segmentation
North America Synthetic Leather Market – By Type
- Polyurethane
- Polyvinyl Chloride
- Silicone
- Others
North America Synthetic Leather Market – By Application
- Footwear
- Furniture
- Automotive
- Clothing
- Stationery Goods
- Others
North America Synthetic Leather Market- By Country
- US
- Canada
- Mexico
North America Synthetic Leather Market-Companies Mentioned
- BASF SE
- Fujian Polytech Technology Corp.,Ltd.
- H.R.Polycoats Pvt. Ltd.
- KURARAY CO., LTD.
- Mayur Uniquoters Limited
- Nan Ya Plastics
- San Fang Chemical Industry Co., Ltd
- Teijin Limited
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About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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