The Global Man-made Leather Market was valued at USD 17,640 Million in 2024 and is projected to reach USD 29,550 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.9% during the forecast period (2025–2032). This growth is being driven by increasing demand for ethical and sustainable alternatives to genuine leather, expanding applications in the automotive and furniture industries, and continuous technological advancements in material science.

As consumer preferences shift towards cruelty-free products and industries seek cost-effective, durable materials, the spotlight is on the key manufacturers who are driving innovation and sustainability. In this blog, we profile the Top 10 Companies in the Man-made Leather Industry—a mix of chemical giants, material science innovators, and specialized producers shaping the future of synthetic materials.

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🔟 1. Kuraray Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Clarino® (Advanced Microfiber PU Leather)

Kuraray is a global leader in high-performance synthetic leather, particularly renowned for its Clarino® brand. The company’s products are widely used in luxury automotive interiors, premium footwear, and high-end accessories due to their exceptional durability, softness, and realistic aesthetic. Kuraray’s significant R&D investments focus on enhancing the sustainability profile of its microfiber PU leather.

Sustainability & Innovation Initiatives:

• Development of bio-based and recycled content for Clarino® products

• Strategic partnerships with global automotive OEMs and fashion brands

• Commitment to reducing VOC emissions and water usage in manufacturing

Download FREE Sample Report: Man-made Leather Market – View in Detailed Research Report

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9️⃣ 2. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Ultrasuede®, Ecousa™ (Eco-friendly PU Leather)

Toray Industries is a pioneer in ultra-microfiber technology, with its Ultrasuede® brand setting industry standards for quality and performance. The company serves premium markets, including automotive, aviation interiors, and luxury goods, with a strong emphasis on developing sustainable alternatives through its Ecousa™ line.

Sustainability & Innovation Initiatives:

• Expansion of plant-derived and recycled material content

• Advanced manufacturing processes for reduced environmental impact

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8️⃣ 3. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Solotex® Fiber-based Leather, Eco-Circle® Recycled Materials

Teijin leverages its expertise in fibers and textiles to produce high-quality synthetic leather with a focus on circular economy principles. The company’s Solotex® fiber-based leather offers excellent elasticity and durability, making it ideal for automotive seating and sporting goods.

Sustainability & Innovation Initiatives:

• Integration of recycled PET bottles into synthetic leather production

• Development of biodegradable and compostable synthetic leather variants

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7️⃣ 4. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: INSQIN® Waterborne PU Technology, Specialty PU Leather Coatings

As a leading producer of high-tech polymer materials, Covestro provides innovative polyurethane solutions for the synthetic leather industry. Its INSQIN® technology enables the production of PU-coated fabrics with significantly lower environmental impact compared to traditional solvent-based processes.

Sustainability & Innovation Initiatives:

• Water-based PU systems reducing solvent emissions by over 95%

• Carbon-neutral production targets for key product lines

Download FREE Sample Report: Man-made Leather Market – View in Detailed Research Report

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6️⃣ 5. Asahi Kasei Corporation

Headquarters: Tokyo, Japan
Key Offering: Lamous® Synthetic Leather, SmaFiber® Technologies

Asahi Kasei is a major player in the synthetic leather market, with its Lamous® brand recognized for high quality and versatility. The company’s continuous investment in R&D has led to the development of advanced materials with improved breathability, abrasion resistance, and eco-friendly properties.

Sustainability & Innovation Initiatives:

• Investment in越南 production facilities for ecological PU leather

• Development of anti-microbial and flame-retardant synthetic leathers

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5️⃣ 6. Duksung Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: Derma® Microfiber Leather, Automotive-grade Synthetics

Duksung specializes in high-grade microfiber synthetic leather, with a strong presence in the automotive interior market. The company’s technical expertise in creating materials that meet stringent automotive standards for durability, colorfastness, and VOC emissions has made it a preferred supplier for global car manufacturers.

Sustainability & Innovation Initiatives:

• Acquisition of European design firms to enhance global market penetration

• Development of lightweight synthetic leather for improved vehicle fuel efficiency

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4️⃣ 7. Kolon Industries, Inc.

Headquarters: Seoul, South Korea
Key Offering: Hi-tech PU Leather, Functional Synthetic Materials

Kolon Industries is a leading South Korean chemical company with a significant footprint in the synthetic leather sector. The company produces a wide range of PU and PVC-based synthetic leathers for various applications, from fashion to industrial uses, with a growing focus on sustainable formulations.

Sustainability & Innovation Initiatives:

• Investment in green chemistry for reduced environmental footprint

• Development of self-healing and temperature-regulating synthetic leathers

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3️⃣ 8. San Fang Chemical Industry Co., Ltd.

Headquarters: Taipei, Taiwan
Key Offering: SF Ultra Microfiber, Waterborne PU Leather

San Fang Chemical is a major Taiwanese manufacturer of synthetic leather, with extensive production capabilities across Asia. The company has been actively transitioning from traditional solvent-based to more environmentally friendly water-based PU production technologies.

Sustainability & Innovation Initiatives:

• Expansion of water-based PU production capacity

• Development of recyclable and biodegradable synthetic leather products

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2️⃣ 9. Anhui Anli Material Technology Co., Ltd.

Headquarters: Fuyang, Anhui, China
Key Offering: Ecological PU Leather, Recycled Synthetic Materials

Anhui Anli is one of China’s leading synthetic leather producers, with a strong focus on ecological and sustainable products. The company has developed advanced manufacturing processes that minimize environmental impact while maintaining competitive quality and pricing.

Sustainability & Innovation Initiatives:

• Implementation of closed-loop water recycling systems

• Development of synthetic leather with high recycled content

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1️⃣ 10. Huafon Microfibre (Shanghai) Co., Ltd.

Headquarters: Shanghai, China
Key Offering: High-Performance Microfiber Leather, Custom Solutions

Huafon Microfibre is a prominent Chinese manufacturer specializing in high-quality microfiber synthetic leather. The company serves diverse markets including automotive, furniture, and sports equipment, with a strong export presence across Asia, Europe, and North America.

Sustainability & Innovation Initiatives:

• Investment in automated, energy-efficient manufacturing facilities

• Development of customized solutions for specific industry requirements

Read Full Report: Man-made Leather Market – View in Detailed Research Report

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🌍 Outlook: The Future of Man-made Leather is Sustainable and High-Performance

The man-made leather market is undergoing a significant transformation. While traditional PVC and PU leathers still dominate in volume, the industry is rapidly advancing towards sustainable alternatives, bio-based materials, and high-performance technical applications.

📈 Key Trends Shaping the Market:

• Rapid adoption of bio-based and recycled materials in production

• Increasing regulatory pressure for reduced chemical emissions and improved recyclability

• Growing demand from automotive sector for lightweight, durable interior materials

• Technological innovations in microfiber and smart material applications

Read Full Report: Man-made Leather Market – View in Detailed Research Report

The companies listed above are not only supplying materials for global industries—they’re driving the sustainable transformation of the materials sector.