Japan Synthetic Leather Market Outlook 2031

The Japan synthetic leather market is anticipated to grow with a CAGR of 7.9% over the forecast period, i.e., 2022-2031. Factors such as stringent regulations regarding animal cruelty and slaughtering followed by shift from natural leather to synthetic leather are projected to drive the growth of the market in the coming years. Additionally, increase in vegan population and also technology development by various key players are also expected to boost the growth of the market. The market is estimated to garner a revenue of near to USD 2,100 Million in the year 2031, up from a revenue of close to USD 1,000 Million in the year 2021.

The Japan synthetic leather market is segmented into numerous segments, which include segmentation by product type, and by end-user. By product type, the market is segmented into polyurethane (PU), and polyvinyl chloride (PVC). By the end of 2031, the polyvinyl chloride (PVC) segment is anticipated to garner the largest revenue of around 1,200 Million by the end of 2031, up from a revenue of close to USD 500 Million in the year 2021.

Some of the prominent industry leaders in the Japan synthetic leather market that are included in our report are Asahi Kasei Corporation, Kuraray Co. Ltd., San Fang Chemical Industry Co., Ltd., Achilles Corporation, Teijin Limited, Nan Ya Plastics Corporation, AIR WATER INC., H.R.Polycoats Pvt. Ltd., Alfatex Italia SRL, Zhejiang Hexin Holdings Ltd., Toray Industries, Inc., Mayur Uniquoters Limited, Fujian Polytech Technology Corp., Ltd., Ultrafabrics Holdings Co., Ltd., SEIREN Co. Ltd., KYOWA Leather Cloth Co., Ltd., and others.