The substantial waste generated during the processing of hides and skins as well as at other stages of manufacturing is a recurring issue in the leather industry that this article attempts to address. To investigate the mechanical and thermal characteristics of the resultant composites, this study suggests using leather waste from the bovine leather industry, analyzes the tanning process, and assesses the viability of mixing this waste with natural rubber (TSR-20). Without the inclusion of leather waste, the resulting composites had exceptional tensile strength, surpassing 100% of rubber’s strength. The effective interaction of the recycled leather particles with the natural rubber matrix was evidenced using the Lorentz–Park equation. This better performance points to a competitive relationship between rubber and leather waste. The samples’ density was 10% greater than that of polybutadiene elastomers and 10% greater than that of natural leather, while the hardness was comparable to that of PVC, which is frequently utilized in the design of general-purpose soles. This suggests that waste from the leather industry can be efficiently utilized in sustainable applications, particularly in the production of leather goods and shoes, helping to valorize waste that is typically discarded. Furthermore, by encouraging the use of recycled resources in the creation of new compounds, this plan provides the rubber sector with a sustainable option. To optimize this proposal, perhaps will be necessary to identify different vulcanization systems to improve the physical mechanical properties and other uses derived from the optimizations realized. This composite can be applied in the fashion industry in order to develop new trends around the application of waste and residues for a natural design line. Through the research process, it was possible to integrate the residues into the natural rubber matrix, as evidenced in the characterization process.