India Synthetic Leather Market 2023-2027

Synthetic Leather Market In India 2023-2027

Technavio has been monitoring the synthetic leather market in India and is forecast to grow by $1590.53 mn during 2022-2027, accelerating at a CAGR of 7.96% during the forecast period. Our report on the synthetic leather market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing penetration of polyurethane (PU) synthetic leather materials, availability of a wide range of products, and shift of consumer preference from animal hide to synthetic leather products.

Technavio's synthetic leather market in India is segmented as below:

By Application

• Footwear
• Furnishing
• Automotive
• Clothing
• Others

By Type

• PVC
• PU

This study identifies the customization of synthetic leather as one of the prime reasons driving the synthetic leather market growth during the next few years. Also, the increasing adoption of sustainable product manufacturing practices by vendors and technological advances in synthetic leather manufacturing will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the synthetic leather market in India covers the following areas:

• Synthetic leather market sizing
• Synthetic leather market forecast
• Synthetic leather market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading synthetic leather market vendors that include BASF SE, Colence Pvt. Ltd., Daman Textiles, Giriraj Coated Fab Pvt. Ltd., GTEX Fabrics Pvt. Ltd., H.R. Polycoats Pvt. Ltd., Jasch Industries Ltd., Marvel Vinyls Ltd., Mayur Uniquoters Ltd., Natroyal Group, Nirmal Fibres Pvt. Ltd., Om Textiles India, Premier Polyfilm Ltd., Response Fabrics Pvt. Ltd., Responsive Industries Ltd., RMG Polyvinyl India Ltd., Shakti Tex Coaters Pvt. Ltd., United Decoratives Pvt. Ltd., Vortex Flex Pvt. Ltd., and Winner Nippon Leatherette Pvt. Ltd. Also, the synthetic leather market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.