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 (2024–2032). This growth is being driven by rising consumer demand for ethical and sustainable alternatives, increasing automotive and furniture production, and technological advancements in synthetic material science.

As the global fashion, automotive, and furnishings industries pivot toward more sustainable and cost-effective materials, the spotlight is on the key manufacturers who are driving innovation, quality, and eco-friendly production pathways. In this blog, we profile the Top 10 Companies in the Man-made Leather Industry—a mix of chemical giants, material innovators, and sustainability pioneers shaping the future of synthetic textiles.

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🔟 1. Kuraray Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Clarino® microfiber PU leather

Kuraray is a global leader in high-performance synthetic leather, renowned for its Clarino® brand. The company’s advanced microfiber polyurethane (PU) leathers are used extensively in premium footwear, automotive interiors, and luxury accessories, offering durability and a texture remarkably similar to genuine leather.

Sustainability Initiatives:

• Development of eco-friendly manufacturing processes reducing solvent use

• Investment in bio-based polymers for future product lines

• Commitment to carbon neutrality across operations by 2050

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9️⃣ 2. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Ultrasuede® and Ecous®

Toray Industries is a pioneer in ultrafine fiber technology, producing high-end synthetic suede and leather under the Ultrasuede® brand. Its materials are favored by luxury automotive brands and high-fashion designers for their softness, breathability, and aesthetic quality.

Sustainability Initiatives:

• Production of Ecous®, a partially plant-based synthetic leather

• Implementation of closed-loop water systems in manufacturing

• Partnerships with global brands to promote circular economy models

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8️⃣ 3. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: SOLOTEX® and Eco-Circle® synthetic leathers

Teijin Limited is a major force in advanced synthetic fibers and materials. Its synthetic leather division focuses on high-functionality products for automotive, apparel, and electronics, with a strong emphasis on recycled and sustainable materials.

Sustainability Initiatives:

• Leading the Eco-Circle® recycling system for polyester-based materials

• Developing carbon-neutral synthetic leather products

• Targeting 100% sustainable sourcing for key raw materials by 2030

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7️⃣ 4. Teijin Cordley Ltd.

Headquarters: Osaka, Japan
Key Offering: High-grade artificial leather for automotive and interiors

A subsidiary of Teijin Group, Teijin Cordley specializes in sophisticated synthetic leathers primarily for automotive seats and interior components. The company is known for its focus on durability, color fastness, and premium aesthetic finishes.

Sustainability Initiatives:

• Development of low-VOC (Volatile Organic Compound) emitting products

• Integration of recycled PET in base fabrics

• R&D into biodegradable synthetic leather alternatives

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6️⃣ 5. Kolon Industries, Inc.

Headquarters: Gwacheon, South Korea
Key Offering: Hiesta®, Apexa® synthetic leathers

Kolon Industries is a leading South Korean chemical company with a strong presence in the global synthetic leather market. Its products are widely used in footwear, bags, and automotive upholstery, leveraging advanced coating and finishing technologies.

Sustainability Initiatives:

• Investment in green chemistry for water-based PU production

• Development of environmentally friendly plasticizers

• Certification of products under international eco-label standards

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5️⃣ 6. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Insqin® waterborne PU technology for textiles

Covestro, formerly Bayer MaterialScience, is a world-leading supplier of high-tech polymer materials. Its Insqin® technology enables the production of synthetic leather using water instead of organic solvents, significantly reducing environmental impact.

Sustainability Initiatives:

• Pioneering water-based PU technology to eliminate solvent use

• Production of bio-based raw materials for polyurethane

• Commitment to operational climate neutrality by 2035

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4️⃣ 7. San Fang Chemical Industry Co., Ltd.

Headquarters: Taipei, Taiwan
Key Offering: PVC and PU synthetic leathers

San Fang Chemical is a major Taiwanese manufacturer of synthetic leather, serving a diverse range of industries from footwear and apparel to automotive and furnishings. The company operates one of the largest production capacities in Asia.

Sustainability Initiatives:

• Adoption of energy-efficient manufacturing processes

• Development of phthalate-free PVC formulations

• Investment in waste reduction and recycling programs

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3️⃣ 8. Nan Ya Plastics Corporation

Headquarters: Taipei, Taiwan
Key Offering: PVC leather, PU leather, and microfiber leather

As part of the Formosa Plastics Group, Nan Ya Plastics is a vertically integrated producer of a wide range of synthetic leathers. The company benefits from in-house production of key raw materials, ensuring cost competitiveness and supply chain stability.

Sustainability Initiatives:

• Implementation of green product certification systems

• R&D into bio-based plasticizers and polymers

• Energy conservation and carbon reduction programs across facilities

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2️⃣ 9. Asahi Kasei Corporation

Headquarters: Tokyo, Japan
Key Offering: Lamous® synthetic suede and leather

Asahi Kasei’s Lamous® is a highly regarded synthetic suede known for its exceptional quality and environmental performance. The company focuses on creating materials with a soft touch, high durability, and excellent design flexibility for automotive and fashion applications.

Sustainability Initiatives:

• Use of recycled materials in Lamous® production

• Development of products with reduced environmental footprint

• Active participation in industry sustainability consortia

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1️⃣ 10. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: High-performance synthetic leather materials

DuPont brings its extensive material science expertise to the synthetic leather market, developing advanced solutions for the most demanding applications in automotive, protective apparel, and industrial sectors. The company focuses on innovation in durability and specialty functionalities.

Sustainability Initiatives:

• Development of bio-alternatives to petroleum-based materials

• Focus on circular economy principles in product design

• Commitment to sustainable innovation goals through 2030

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🌍 Outlook: The Future of Man-made Leather Is Sustainable and High-Tech

The man-made leather market is undergoing a significant transformation. While traditional PVC and PU leathers still dominate in volume, the industry is investing heavily in sustainable alternatives, advanced manufacturing technologies, and circular economy models.

📈 Key Trends Shaping the Market:

• Rapid expansion of bio-based and recycled material production in the EU, US, and Asia

• Regulatory push for phthalate-free and low-VOC materials across consumer markets

• Digitalization of supply chains for traceability and transparency

• Brand-manufacturer alliances for developing customized sustainable solutions

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Man-made Leather Market – View in Detailed Research Report

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

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