South Korea Artificial Leather Market Size, Share, and COVID-19 Impact Analysis, By Type (PU, PVC, and Bio-based), By Application (Furnishing, Automotive, Footwear, Accessories, Clothing, Electronics, and Others), and South Korea Artificial Leather Market Insights, Industry Trend, Forecasts to 2035

South Korea Artificial Leather Market Insights Forecasts to 2035

• The South Korea Artificial Leather Market Size was Estimated at USD 1.27 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 7.28% from 2025 to 2035
• The South Korea Artificial Leather Market Size is Expected to Reach USD 2.75 Billion by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Artificial Leather Market Size is anticipated to reach USD 2.75 Billion by 2035, growing at a CAGR of 7.28% from 2025 to 2035. Growing as a result of growing consumer demand for cruelty-free and sustainable materials in the furniture, automotive, and fashion industries. Adoption is being accelerated by government programs encouraging environmentally friendly manufacturing and rising consumer preference for recycled and biodegradable substitutes. Smart textiles and bio-based leather are examples of technological advancements that increase market appeal.

Market Overview

The South Korean market for synthetic leather, or artificial leather, is a thriving industry distinguished by sustainability efforts, technological advancements, and robust demand from the consumer goods, fashion, and automotive sectors. Additionally, the shift to sustainable alternatives has been sped up by government initiatives to support green technology and reduce reliance on traditional leather. There are chances to expand the production of durable, high-quality synthetic leathers for the furniture and automotive industries in addition to the fashion sector. South Korean businesses may be able to capitalize on the growing market for vegan and cruelty-free goods by offering innovative solutions that tackle moral dilemmas. Recent patterns show that consumers, especially younger ones looking to make distinctive fashion statements, are becoming more interested in custom and bespoke designs for artificial leather goods. As consumer demand for high-performing and useful materials grows, smart technology such as moisture and temperature control is also becoming more and more popular in artificial leather.

Report Coverage

This research report categorizes the market for the South Korea artificial leather market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea artificial leather market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea artificial leather market.

Driving Factors

The quick expansion of the luxury and fashion sectors is also helping the South Korean artificial leather market. According to local industry associations, the fashion industry in South Korea is expected to grow at a rate of 5.2% per year. Prominent companies like Shinsegae and LG Fashion are increasingly using synthetic leather in their product lines to provide fashionable yet reasonably priced substitutes for real leather. This helps the artificial leather market see notable revenue growth in addition to satisfying the needs of the fashion-conscious consumer, who looks for sustainable and trendy materials. The total market value is anticipated to rise sharply over the next ten years as more designers use this material.

Restraining Factors

The toxicity of PVC and PU to the environment, the high cost of producing bio-based substitutes, and low consumer awareness are the main obstacles facing the South Korean artificial leather market. Broader market adoption is also hampered by difficulties with regulatory compliance and competition from low-cost imports.

Market Segmentation

The South Korea artificial leather market share is classified into type and application

• The PU segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea artificial leather market is segmented by type into PU, PVC, and bio-based. Among these, the PU segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. PU is a preferred material in sectors like fashion and automotive because of its well-known flexibility and durability. It has established itself as a major player in the market by successfully imitating the quality of natural leather, appealing to both the luxury and budget-conscious markets.

• The automotive segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea artificial leather market is segmented by application into furnishing, automotive, footwear, accessories, clothing, electronics, and others. Among these, the automotive segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The automotive sector is also essential since manufacturers need lightweight, adaptable synthetic materials that are durable.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea artificial leather market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• LG Chem
• Hyosung Advanced Materials
• Toray Advanced Materials Korea
• Hanwha Solutions
• Daelim Industrial Co.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Artificial Leather Market based on the below-mentioned segments:

South Korea Artificial Leather Market, By Type

• PU
• PVC
• Bio-based

South Korea Artificial Leather Market, By Application

• Furnishing
• Automotive
• Footwear
• Accessories
• Clothing
• Electronics
• Others