Synthetic Leather Market In India 2024-2028: Increasing penetration of polyurethane (PU) synthetic leather materials demand Fuels Growth
The synthetic leather market in india size by Application (Footwear, Furnishing, Automotive, Clothing, and Others), Type (PVC and PU), and Geography (APAC), is forecast to increase by USD 1858.4 million. The market is expected to grow at a CAGR of 8.56% between 2024 and 2028.
In the Indian market, Polyurethane (PU)-based synthetic leather has gained significant traction due to its unique properties and advantages over traditional leather and other synthetic alternatives. This type of leather is manufactured using soft polymers, eliminating the requirement for additional plasticizers, resulting in a product that is water-resistant, lightweight, and soft. Although PU-based leather may be more susceptible to shredding under specific conditions, it does not fade or crack when exposed to direct sunlight. PU-based synthetic leather is extensively used in the automotive and apparel industries due to its desirable characteristics. Compared to vinyl-based leather, it is considered more environmentally friendly as it does not produce dioxins during production. However, its manufacturing process is more intricate and time-consuming, making it more expensive than Polyvinyl Chloride (PVC)-based leather. Despite the higher cost, PU-based synthetic leather's superior features make it a preferred choice for various applications.
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The synthetic leather market in India experiences significant growth due to its extensive usage in the footwear industry. This material's superior properties, including durability, water resistance, and climate adaptability, make it an ideal choice for various footwear types. Synthetic leather is extensively used in the production of athletic shoes, linings, uppers, insoles, and even slippers. The rising demand for footwear in India, particularly athletic shoes for sports, contributes to the increasing demand for synthetic leather. Furthermore, its cost-effectiveness and ability to mimic the appearance of genuine leather make it a preferred choice in the fashion industry for producing formal footwear, boots, and shoes for both men and women.
PVC-based synthetic leather, fabricated from vinyl chloride, is a preferred choice in India's industrial sector due to its eco-friendly production process. This synthetic leather variant consumes less energy, generates fewer emissions, and saves significant energy compared to other alternatives. Its organic and chemical resistance ensures durability, making it ideal for heavy-duty applications in the automotive, footwear, and sports equipment industries. Additionally, PVC-based synthetic leather's affordability and superior durability compared to other synthetic leather types further boost its market adoption.
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