Over the past decade, the global demand for synthetic leather has witnessed significant growth. The soaring demand for synthetic or faux leather is driven by a range of factors, including evolving consumer trends, mounting concerns over the impact of traditional leather on the environment, ascending demand for animal-free products, and growing awareness regarding the attributes of synthetic leather, among others. At present, synthetic leather is increasingly being used in a range of applications, which include footwear, interior designing, furnishing, automotive interiors, garments, and luxury goods. Animal cruelty regulations and policies across the world are playing a critical role in boosting the prospects of the synthetic leather market, as more number of consumers are inclined toward purchasing products that are animal-free. Over the past few years, the prices of traditional leather have increased consistently worldwide, which, in turn, has propelled the demand for cost-effective alternatives such as synthetic leather. The physical and functional properties of synthetic leather are at par with that of traditional leather – a factor that is playing a key role in increasing the demand for synthetic leather. Due to these factors, the synthetic leather market is projected to reach a value of ~US$ 157.3 Bn by 2027 from ~US$ 85.5 Bn in 2018.