Latest News- Synthetic Leather Market in India: Footwear is expected to lead the Application segment during 2025-2029

The Synthetic Leather Market in India is being driven by Increasing penetration of polyurethane (PU) synthetic leather materials

The Synthetic Leather Market in India is expected to grow at a CAGR of 9.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2374.2 million. In the Indian market, the synthetic leather industry is witnessing a significant surge in customization trends. This global phenomenon is primarily driven by luxury consumer goods manufacturers. Customization encompasses various aspects such as design, hue, sheen, and texture. Over the past five years, customized synthetic leather has gained substantial traction across diverse application sectors. To cater to this escalating demand, market leaders like Toray are expanding their product offerings. Toray, a prominent player in the global synthetic leather market, provides customization options in terms of pattern, design, sheen, texture, and prints. Additionally, customers can opt for traditional embossing techniques, enhanced through digital methods such as laser printing and cutting. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Footwear
  • Furnishing
  • Automotive
  • Clothing
  • Others
• Type
  • PVC
  • PU
  • Bio-based
• Geography
  • India

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing penetration of polyurethane (PU) synthetic leather materials
• Availability of wide range of products
• Shift of consumer preference from animal hide to synthetic leather products

However, the market also witnesses some limitations, which are as follows:

• Harmful effects of PU and PVC on humans
• Fluctuating raw material prices
• Intense competition among companies

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Market Scope in Synthetic Leather Market in India Research Report

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Research Analysis Overview

The Synthetic Leather Market in India is driven by the unique properties of pu resin, including coating adhesion strength and surface texture analysis. Color matching systems and pattern transfer methods are crucial for producing high-quality products. Textile substrate selection, finishing process optimization, and wastewater treatment methods are essential for sustainability. Recycling technologies, life cycle assessment, and durability enhancements improve product value. Flexibility improvements, UV protection methods, waterproofing techniques, fire-resistant treatments, and microbial resistance add functionality. Manufacturing automation, process monitoring systems, quality assurance standards, material traceability, cost reduction strategies, supply chain management, product performance testing, market competitiveness, consumer preferences, and chemical resistance are key factors shaping the industry.

Market Research Overview

The Synthetic Leather Market in India is a significant segment of the global specialty chemicals industry, with a focus on polyurethane synthesis and PU leather production. Manufacturers in this sector specialize in the production of high-value-added chemicals used in the creation of synthetic leather alternatives, such as PVC, to meet the increasing demand for durable and sustainable leather substitutes. The global specialty chemicals market, which encompasses this industry, is projected to grow substantially due to the rising trend towards specialty adhesives and sealants, as well as the increasing demand for advanced polymers and coatings in various industries. According to Technavio, the global specialty chemicals market size is calculated based on the combined revenue generated by manufacturers producing high-value-added chemicals for a diverse range of applications, including fine chemicals, additives, polymers, adhesives, sealants, specialty paints, pigments, and coatings. This growth is attributed to the increasing demand for specialty adhesives and sealants, which are essential in the production of synthetic leather and other high-performance materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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