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 due to the increasing trend of customization. This customization is primarily driven by luxury consumer goods manufacturers, who cater to the discerning demands of consumers for unique designs, hues, sheens, and textures. Over the past five years, customized synthetic leather has gained substantial traction across various application industries. To cater to this growing demand, market leaders such as Toray are offering customization options in patterns, designs, sheens, textures, and prints. Additionally, advanced digital techniques like laser printing and cutting are being employed for traditional embossing and gliding processes. This customization allows users to create synthetic leather products tailored to their specifications, thereby enhancing their brand value and consumer appeal. 

Get more information on Synthetic Leather Market in India by requesting a sample report

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

Benefits of Buying Global Synthetic Leather Market in India Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Synthetic Leather Market in India Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Indian market for Synthetic Leather, also known as Artificial Leather, is witnessing significant growth due to its usage in various sectors. Materials like Polyurethane (PU) and Polyvinyl Chloride (PVC) are commonly used in the production of synthetic leather. While it cannot fully replicate the feel and texture of Genuine Leather, it offers advantages such as durability, water resistance, and lower cost. The Footwear, Furnishing, and Automotive industries are major consumers of synthetic leather in the form of PVC leather and PU synthetic leather. The footwear industry, particularly the athleisure trend, is driving the demand for faux leather footwear. The Furnishing industry, including upholstery and marine furnishing, also uses synthetic leather extensively. The Automotive sector, Wallets, purses, Luggage, Boots, and Shoes are other significant applications. Climatic conditions and consumer preferences influence the choice between natural leather and synthetic leather.

Market Research Overview

The Synthetic Leather Market in India is a significant segment of the global specialty chemicals industry. This market encompasses the production and utilization of artificial leather materials, primarily derived from polyurethane (PU) and polyvinyl chloride (PVC). These materials are extensively used in various industries such as footwear and furnishing, offering advantages like durability, water resistance, and cost-effectiveness. The Indian synthetic leather market is expected to grow substantially due to the increasing demand for specialty adhesives and sealants in this sector. As per Technavio's market analysis, the global specialty chemicals market, which includes manufacturers of high-value-added chemicals for various applications, is projected to expand significantly. This growth will be fueled by the rising demand for specialty adhesives and sealants, particularly in the synthetic leather industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/