The global Synthetic Microfiber Leather market size is predicted to grow from US$ 2753 million in 2025 to US$ 3839 million in 2031; it is expected to grow at a CAGR of 5.7% from 2025 to 2031.

Synthetic Microfiber Leather made by a combination of microfiber non-woven fabric coated with a layer of high-performance polyurethane (PU) resins. It closely mimics the construction of real leather but with microfiber instead of skin fibers.

In the ordinary PU market, due to the low technical threshold, severe excess capacity, fierce competition, product shrinkage and material reduction, it is incompatible with the constantly upgrading consumption concept, and the market prospect is worrying. Due to the high technical threshold and limited production capacity, microfiber leather is more and more recognized by consumers, and the market still has a large room for growth.

From the perspective of technology type, CO-Composite Spinning technology is currently monopolized by Japanese and Korean companies. The leading companies are TORAY, Alcantara SpA, Kuraray, Asahi Kasei, etc. The products produced are used in the high-end market and represent the most advanced technology direction. HUAFENG GROUP, a company from China, is also gradually catching up and surpassing the trend. In the future, companies around the world will continue to conduct technology research and development and break through technical barriers. Blending Spinning technology will continue to develop to meet more low-end product lines.

From the perspective of product market application, Apparel & Footwear, Furniture, and Automotive Interior are the three main application types, accounting for 89.73% of the global market in 2022. However, with the development of the new energy vehicle industry, the proportion of Automotive Interior applications will increase year by year.

At present, major global manufacturers include TORAY, Alcantara SpA, Kuraray, HUAFENG GROUP, Asahi Kasei, etc. The share of the top five major manufacturers will reach 42.36% by 2022. It is expected that industry competition will become more intense in the next few years, especially in China, Japan, and South Korea.

Infinity Market Research newest research report, the Synthetic Microfiber Leather Industry Forecast looks at past sales and reviews total world Synthetic Microfiber Leather sales in 2024, providing a comprehensive analysis by region and market sector of projected Synthetic Microfiber Leather sales for 2025 through 2031. With Synthetic Microfiber Leather sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synthetic Microfiber Leather industry.

This Insight Report provides a comprehensive analysis of the global Synthetic Microfiber Leather landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Synthetic Microfiber Leather portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Synthetic Microfiber Leather market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synthetic Microfiber Leather and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Synthetic Microfiber Leather.

This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic Microfiber Leather market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    Co-Blending Spinning
    Composite Spinning
    Direct Spinning

Segmentation by Application:

    Footwear
    Furnishings
    Automotive
    Clothing and Bags
    Others

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the companys coverage, product portfolio, its market penetration.

    Kuraray
    TORAY
    Teijin
    Asahi Kasei
    Kolon Industries
    San Fang Chemical Industrial Co Ltd
    FILWEL Co., Ltd.
    SEIREN Co., LTD.
    Ecolorica
    Daewon Chemical Vina
    Jeongsan International
    THE RISHABH VELVELEEN LTD.
    Wuxi Double Elephant Micro Fibre Material Co., Ltd.
    ZHEJIANG HEXIN HOLDINGS LTD
    HUAFENG GROUP
    Shandong Tongda Group
    Fujian Topsun Microfiber Co., Ltd.
    Xiamen Xiangyu Xinghong Specialised Fiber Co., Ltd
    Yantai Wanhua Micro Fiber Co., Ltd
    Zhejiang Meisheng New Material Co., Ltd.
    Sanling Microfiber Leather Co.,Ltd.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Synthetic Microfiber Leather market?
What factors are driving Synthetic Microfiber Leather market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Synthetic Microfiber Leather market opportunities vary by end market size?
How does Synthetic Microfiber Leather break out by Type, by Application?