Report Overview

GCC Synthetic Leather Market - Industry Trends & Forecast Report, 2030

The GCC Synthetic Leather Market size was estimated to be worth USD 4.78 billion in 2023. During the forecast period between 2024 and 2030, the GCC Synthetic Leather Market size is projected to grow at a CAGR of 7.56%, reaching a value of USD 6.86 billion by 2030.

By volume, the GCC Synthetic Leather Market size was estimated at 0.25 million tons in 2023. During the forecast period between 2024 and 2030, the GCC Synthetic Leather Market size is expected to expand at a CAGR of 6.98%, reaching a volume of 0.42 million tons by 2030.

Major growth factors for the GCC Synthetic Leather Market include its rising demand across various industries, including footwear and furnishings, and the increasing price of genuine leather. Genuine leather is increasingly becoming a luxury material, which is prompting industries to shift towards alternatives, such as PVC leather, which is driving the growth of the GCC synthetic leather market.

Synthetic Leather – Overview

Synthetic leather is generally made of plastic, which is subsequently given a wax, dye, or polyurethane treatment to give it color and texture. It is a suitable fabric for upholstery in households with kids or dogs since it is resistant to cuts and abrasions, even if it is not as durable as real leather. Certain fake leather types use ingredients like polyvinyl chloride that come from petroleum. Genuine leather's texture, look, and durability have all been precisely matched in the design of synthetic leather.

GCC Synthetic Leather Market

Growth Drivers

Increasing Demand for Vegan Products

One of the biggest factors driving the growth of the GCC Synthetic Leather Market is the growing consumer consciousness toward animal cruelty and the rising demand for vegan products, including faux leather. Customers are moving toward ethical and sustainable substitutes, as they become more conscious of the sources of the raw materials used in the items they use. The manufacturing of genuine leather involves animal hides and skins and huge volumes of water and dyes for cleaning and coloring, which proves deteriorating for not only animals but also the environment. As a result, consumers are switching to synthetic leather.

Challenges

Negative Impact of Synthetic Leather on Environment

Even with all of its advantages as a vegan product, synthetic leather nevertheless degrades the environment because it is not biodegradable. This is because synthetic leather is made of petroleum-based plastic and chemicals. Although it might offer a more cost-effective and long-lasting substitute for real leather, certain PU leather items could include hazardous substances that are bad for the environment and human health. Additionally, fake leather might cause greater sweating since it is less breathable than genuine leather. Such factors may limit the growth of the GCC Synthetic Leather Market.

GCC Synthetic Leather Market

Segmental Coverage

GCC Synthetic Leather Market – By Type

Based on type, the GCC Synthetic Leather Market is segmented into PU synthetic leather, PVC synthetic leather, microfiber leather, and bio-based leather. The PU synthetic leather segment holds the largest share of the GCC Synthetic Leather Market. In terms of performance, PU leather is well known for its sturdiness, resilience to wear and tear, and increased resistance to color fading and scratches. Generally speaking, synthetic leather is more economical than real leather. This can increase its appeal in the production of low-cost products, which greatly fuels its market expansion.

GCC Synthetic Leather Market – By Application

Based on application, the GCC Synthetic Leather Market is divided into furnishing, automotive, footwear, wallets, bags & purses, clothing, and other (including sports, medical, and electronics) segments. The footwear segment accounts for the highest market share in the market by application. Synthetic leather is increasingly gaining traction as a cost-effective and cruelty-free alternative to animal-based leather for producing a wide range of footwear products, such as shoe lining, shoe uppers, and soles. The artificial leather is incredibly sturdy and durable, and it controls temperature to keep the user cool and dry from the feet up, which contributes to its market growth in GCC countries.

GCC Synthetic Leather Market – By Country

The in-depth research report on the GCC Synthetic Leather Market covers the market in Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, and Oman. Saudi Arabia has the largest GDP and the highest purchasing power of customers in the GCC, which helps it dominate the synthetic leather business. Bahrain's high GDP per capita, when compared to other GCC nations, accounts for a significant portion of its market share. The high purchasing power of consumers in these regions directly boosts the demand for synthetic leather-based goods, such as footwear, bags, and purses, as well as automotive seat upholstery.

Competitive Landscape

Major players operating in the GCC Synthetic Leather Market include Dow, BASF SE, Covestro AG, Nour El Doha, Adim Leather Company, Teijin Cordley Limited, and Wacker Chemie. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In January 2024 – Lamees Alfadhel, a product designer based in Saudi Arabia, developed Qitmeer, a machine that makes vegan leather sheets using dates.

Scope of the Report

By Type

• PU Synthetic Leather

• PVC Synthetic Leather

• Microfiber Leather

• Bio-based Leather

By Application

• Furnishing

• Automotive

• Footwear

• Wallets, Bags & Purses

• Clothing

• Others (including Sports, Medical, Electronics)

By Country

• Saudi Arabia

• UAE

• Qatar

• Bahrain

• Kuwait

• Oman

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3.  GCC Synthetic Leather Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing Demand for Leather Goods
         2. Rising Prices of Real Leather
         3. Technological Advancements
         4. Increasing Demand from the Footwear Sector
      2. Restraints
         1. Volatility in Raw Material Prices
         2. Limited Production Capacity
         3. Harmful Impact of PU and PVC
      3. Opportunities
         1. Focus on Development of Bio-Based Synthetic Leather
         2. Growing Demand for Sustainable Products
      4. Challenges
         1. Stringent Environmental Regulations
         2. Lack of Skilled Labor
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. GCC Synthetic Leather Market: Marketing Strategies
5.  GCC Synthetic Leather Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Million Tons)
   2. Market Share and Forecast
      1. By Type
         1. PU Synthetic Leather
         2. PVC Synthetic Leather
         3. Microfiber Leather
         4. Bio-based Leather
      2. By Application
         1. Furnishing
         2. Automotive
         3. Footwear
         4. Wallets, Bags & Purses
         5. Clothing
         6. Others (including Sports, Medical, Electronics)
      3. By Country
         1. Saudi Arabia
         2. UAE
         3. Qatar
         4. Bahrain
         5. Kuwait
         6. Oman
6. Saudi Arabia Synthetic Leather Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Million Tons)
   2. Market Share & Forecast
      1. By Type
      2. By Application
7. UAE Synthetic Leather Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Million Tons)
   2. Market Share & Forecast
      1. By Type
      2. By Application
8. Qatar Synthetic Leather Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Million Tons)
   2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Manufacturing Process
      4. By Application
9. Bahrain Synthetic Leather Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Million Tons)
   2. Market Share & Forecast
      1. By Type
      2. By Application
10. Kuwait Synthetic Leather Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Million)
       2. By Volume (Million Tons)
    2. Market Share & Forecast
       1. By Type
       2. By Application
11. Oman Synthetic Leather Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Million)
       2. By Volume (Million Tons)
    2. Market Share & Forecast
       1. By Type
       2. By Application
12. GCC Synthetic Leather Market: Import & Export
13. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. GCC Synthetic Leather Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
14. Impact of Escalating Geopolitical Tensions on GCC Synthetic Leather Market
15. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Dow
    2. BASF SE
    3. Covestro AG
    4. Nour El Doha
    5. Adim Leather Company
    6. Teijin Cordley Limited
    7. Wacker Chemie
    8. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Country
    5.    Assumptions & Limitations

* Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       GCC Synthetic Leather Segmentation

Figure 2       GCC Synthetic Leather Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       GCC Synthetic Leather Market Size, By Value (USD Million), 2019–2030

Figure 5       GCC Synthetic Leather Market Size, By Volume (Million Tons), 2019–2030

Figure 6       GCC Synthetic Leather Market Share, By Type, By Value (USD Million), 2019–2030

Figure 7       GCC Synthetic Leather Market Share, By Type, By Volume (Million Tons), 2019–2030

Figure 8       GCC Synthetic Leather Market Share, By Application, By Value (USD Million), 2019–2030

Figure 9       GCC Synthetic Leather Market Share, By Application, By Volume (Million Tons), 2019–2030

Figure 10     GCC Synthetic Leather Market Share, By Country, By Value (USD Million), 2019–2030

Figure 11     GCC Synthetic Leather Market Share, By Country, By Volume (Million Tons)

Figure 12     Saudi Arabia Synthetic Leather Market Size, By Value (USD Million), 2019–2030

Figure 13     Saudi Arabia Synthetic Leather Market Size, By Volume (Million Tons), 2019–2030

Figure 14     Saudi Arabia Synthetic Leather Market Share, By Type, By Value (USD Million), 2019–2030

Figure 15     Saudi Arabia Synthetic Leather Market Share, By Type, By Volume (Million Tons), 2019–2030

Figure 16     Saudi Arabia Synthetic Leather Market Share, By Application, By Value (USD Million), 2019–2030

Figure 17     Saudi Arabia Synthetic Leather Market Share, By Application, By Volume (Million Tons), 2019–2030

Figure 18     UAE Synthetic Leather Market Size, By Value (USD Million), 2019–2030

Figure 19     UAE Synthetic Leather Market Size, By Volume (Million Tons), 2019–2030

Figure 20     UAE Synthetic Leather Market Share, By Type, By Value (USD Million), 2019–2030

Figure 21     UAE Synthetic Leather Market Share, By Type, By Volume (Million Tons), 2019–2030

Figure 22     UAE Synthetic Leather Market Share, By Application, By Value (USD Million), 2019–2030

Figure 23     UAE Synthetic Leather Market Share, By Application, By Volume (Million Tons), 2019–2030

Figure 24     Qatar Synthetic Leather Market Size, By Value (USD Million), 2019–2030

Figure 25     Qatar Synthetic Leather Market Size, By Volume (Million Tons), 2019–2030

Figure 26     Qatar Synthetic Leather Market Share, By Type, By Value (USD Million), 2019–2030

Figure 27     Qatar Synthetic Leather Market Share, By Type, By Volume (Million Tons), 2019–2030

Figure 28     Qatar Synthetic Leather Market Share, By Application, By Value (USD Million), 2019–2030

Figure 29     Qatar Synthetic Leather Market Share, By Application, By Volume (Million Tons), 2019–2030

Figure 30     Bahrain Synthetic Leather Market Size, By Value (USD Million), 2019–2030

Figure 31     Bahrain Synthetic Leather Market Size, By Volume (Million Tons), 2019–2030

Figure 32     Bahrain Synthetic Leather Market Share, By Type, By Value (USD Million), 2019–2030

Figure 33     Bahrain Synthetic Leather Market Share, By Type, By Volume (Million Tons), 2019–2030

Figure 34     Bahrain Synthetic Leather Market Share, By Application, By Value (USD Million), 2019–2030

Figure 35     Bahrain Synthetic Leather Market Share, By Application, By Volume (Million Tons), 2019–2030

Figure 36     Kuwait Synthetic Leather Market Size, By Value (USD Million), 2019–2030

Figure 37     Kuwait Synthetic Leather Market Size, By Volume (Million Tons), 2019–2030

Figure 38     Kuwait Synthetic Leather Market Share, By Type, By Value (USD Million), 2019–2030

Figure 39     Kuwait Synthetic Leather Market Share, By Type, By Volume (Million Tons), 2019–2030

Figure 40     Kuwait Synthetic Leather Market Share, By Application, By Value (USD Million), 2019–2030

Figure 41     Kuwait Synthetic Leather Market Share, By Application, By Volume (Million Tons), 2019–2030

Figure 42     Oman Synthetic Leather Market Size, By Value (USD Million), 2019–2030

Figure 43     Oman Synthetic Leather Market Size, By Volume (Million Tons), 2019–2030

Figure 44     Oman Synthetic Leather Market Share, By Type, By Value (USD Million), 2019–2030

Figure 45     Oman Synthetic Leather Market Share, By Type, By Volume (Million Tons), 2019–2030

Figure 46     Oman Synthetic Leather Market Share, By Application, By Value (USD Million), 2019–2030

Figure 47     Oman Synthetic Leather Market Share, By Application, By Volume (Million Tons), 2019–2030

List of Tables

Table 1        GCC Synthetic Leather Market Size, By Value (USD Million), 2019–2030

Table 2        GCC Synthetic Leather Market Size, By Volume (Million Tons), 2019–2030

Table 3        GCC Synthetic Leather Market Share, By Type, By Value (USD Million), 2019–2030

Table 4        GCC Synthetic Leather Market Share, By Type, By Volume (Million Tons), 2019–2030

Table 5        GCC Synthetic Leather Market Share, By Application, By Value (USD Million), 2019–2030

Table 6        GCC Synthetic Leather Market Share, By Application, By Volume (Million Tons), 2019–2030

Table 7        GCC Synthetic Leather Market Share, By Country, By Value (USD Million), 2019–2030

Table 8        GCC Synthetic Leather Market Share, By Country, By Volume (Million Tons)

Table 9        Saudi Arabia Synthetic Leather Market Size, By Value (USD Million), 2019–2030

Table 10      Saudi Arabia Synthetic Leather Market Size, By Volume (Million Tons), 2019–2030

Table 11      Saudi Arabia Synthetic Leather Market Share, By Type, By Value (USD Million), 2019–2030

Table 12      Saudi Arabia Synthetic Leather Market Share, By Type, By Volume (Million Tons), 2019–2030

Table 13      Saudi Arabia Synthetic Leather Market Share, By Application, By Value (USD Million), 2019–2030

Table 14      Saudi Arabia Synthetic Leather Market Share, By Application, By Volume (Million Tons), 2019–2030

Table 15      UAE Synthetic Leather Market Size, By Value (USD Million), 2019–2030

Table 16      UAE Synthetic Leather Market Size, By Volume (Million Tons), 2019–2030

Table 17      UAE Synthetic Leather Market Share, By Type, By Value (USD Million), 2019–2030

Table 18      UAE Synthetic Leather Market Share, By Type, By Volume (Million Tons), 2019–2030

Table 19      UAE Synthetic Leather Market Share, By Application, By Value (USD Million), 2019–2030

Table 20      UAE Synthetic Leather Market Share, By Application, By Volume (Million Tons), 2019–2030

Table 21      Qatar Synthetic Leather Market Size, By Value (USD Million), 2019–2030

Table 22      Qatar Synthetic Leather Market Size, By Volume (Million Tons), 2019–2030

Table 23      Qatar Synthetic Leather Market Share, By Type, By Value (USD Million), 2019–2030

Table 24      Qatar Synthetic Leather Market Share, By Type, By Volume (Million Tons), 2019–2030

Table 25      Qatar Synthetic Leather Market Share, By Application, By Value (USD Million), 2019–2030

Table 26      Qatar Synthetic Leather Market Share, By Application, By Volume (Million Tons), 2019–2030

Table 27      Bahrain Synthetic Leather Market Size, By Value (USD Million), 2019–2030

Table 28      Bahrain Synthetic Leather Market Size, By Volume (Million Tons), 2019–2030

Table 29      Bahrain Synthetic Leather Market Share, By Type, By Value (USD Million), 2019–2030

Table 30      Bahrain Synthetic Leather Market Share, By Type, By Volume (Million Tons), 2019–2030

Table 31      Bahrain Synthetic Leather Market Share, By Application, By Value (USD Million), 2019–2030

Table 32      Bahrain Synthetic Leather Market Share, By Application, By Volume (Million Tons), 2019–2030

Table 33      Kuwait Synthetic Leather Market Size, By Value (USD Million), 2019–2030

Table 34      Kuwait Synthetic Leather Market Size, By Volume (Million Tons), 2019–2030

Table 35      Kuwait Synthetic Leather Market Share, By Type, By Value (USD Million), 2019–2030

Table 36      Kuwait Synthetic Leather Market Share, By Type, By Volume (Million Tons), 2019–2030

Table 37      Kuwait Synthetic Leather Market Share, By Application, By Value (USD Million), 2019–2030

Table 38      Kuwait Synthetic Leather Market Share, By Application, By Volume (Million Tons), 2019–2030

Table 39      Oman Synthetic Leather Market Size, By Value (USD Million), 2019–2030

Table 40      Oman Synthetic Leather Market Size, By Volume (Million Tons), 2019–2030

Table 41      Oman Synthetic Leather Market Share, By Type, By Value (USD Million), 2019–2030

Table 42      Oman Synthetic Leather Market Share, By Type, By Volume (Million Tons), 2019–2030

Table 43      Oman Synthetic Leather Market Share, By Application, By Value (USD Million), 2019–2030

Table 44      Oman Synthetic Leather Market Share, By Application, By Volume (Million Tons), 2019–2030

Table 45      Dow Company Overview                    

Table 46      Dow Financial Overview                     

Table 47      BASF SE Company Overview                        

Table 48      BASF SE Financial Overview                         

Table 49      Covestro AG Company Overview                            

Table 50      Covestro AG Financial Overview                   

Table 51      Nour El Doha Company Overview                          

Table 52      Nour El Doha Financial Overview                           

Table 53      Adim Leather Company: Company Overview                    

Table 54      Adim Leather Company Financial Overview                      

Table 55      Teijin Cordley Limited Company Overview                       

Table 56      Teijin Cordley Limited Financial Overview                        

Table 57      Wacker Chemie Company Overview                       

Table 58      Wacker Chemie Financial Overview