The Synthetic Leather Market in North America 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.
Synthetic leather is extremely popular these days. It is used in various industries, including footwear, clothing, furniture, and automotive. The most common use of synthetic leather is in clothing, luggage, and cases. There is increasing use of synthetic leather in jackets, coats, handbags, purses, belts, etc. Moreover, there is a high demand for synthetic leather in the footwear industry. In the footwear industry, synthetic leather is frequently used in shoes. Synthetic leather is suitable for shoes due to its low cost, abrasion resistance, and water resistance. It has become more popular for furniture items. This is used for upholstery purposes, such as covering chairs, lining the tops of writing desks and tables. It is commonly used in sofas, chairs, headboards, etc.
Market Segmentation
By Type
- Polyurethane
- Polyvinyl Chloride
- Silicone
- Others
By Application
- Footwear
- Furniture
- Automotive
- Clothing
- Stationery Goods
- Others
By Country
- US
- Canada
- Mexico
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
Growth and Market Trends in the North America Industry
Synthetic leather, available in a wide range of colors, styles, textures, and patterns, is increasingly being used in residential and commercial interior décor. This growing adoption is contributing to the expansion of the synthetic leather market. The material is also widely utilized in the automotive industry, particularly for vehicle interiors, including seating, as it offers a cost-effective alternative to genuine leather. With the automotive sector experiencing steady growth, the demand for high-quality interior materials is rising, further fueling the synthetic leather market. Additionally, synthetic leather finds applications in various other industries, such as footwear, furniture, and clothing, all of which are driving market growth.
Impact of COVID-19 on the
North America was among the hardest-hit regions during the COVID-19 pandemic, which significantly disrupted manufacturing operations and the sourcing of raw materials. This disruption led to a decline in the demand for synthetic leather across industries such as footwear, clothing, and furniture. The automotive sector, a key consumer of synthetic leather, also faced severe setbacks during the pandemic. However, as economies stabilize and businesses regain confidence, the market is witnessing a resurgence. Government initiatives, including widespread vaccination drives, have played a crucial role in market recovery. Many companies are now reviving their pre-pandemic investment plans, anticipating increased demand and a return to growth.
Market Outlook and Growth Opportunities
With advancements in technology and innovative product features, vendors have the opportunity to attract new customers and expand their presence in emerging markets. These factors are expected to propel the growth of the North American synthetic leather market, which is projected to register a strong CAGR over the forecast period.
Strategic Insights for Industry Players
To stay competitive in the North American synthetic leather market, businesses must leverage data-driven insights that analyze industry trends, key players, and regional dynamics. By identifying untapped market segments and creating unique value propositions, companies can set themselves apart from competitors. Utilizing data analytics allows stakeholders—including investors and manufacturers—to anticipate market shifts and position themselves for long-term success. A forward-thinking approach is essential for making informed decisions that drive profitability and market leadership.
Regional Market Analysis
Understanding regional nuances is critical for businesses operating in the North American synthetic leather market. Consumer preferences, economic conditions, and regulatory frameworks vary across different areas, influencing market demand. Companies that tailor their strategies to meet local needs—such as preferences for specific product types or durability features—can expand their market reach. Identifying underserved regions and optimizing resource allocation enables businesses to implement targeted marketing efforts and strengthen their competitive positioning. Ultimately, a well-defined market focus enhances business growth and solidifies a company’s presence in key geographic areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
