India Synthetic Leather Market (2024-2030) Outlook | Size, Share, Forecast, Industry, Companies, Analysis, Revenue, Trends, Value & Growth

Market Forecast By Product (PU, PVC, Bio-based), By Application (Furnishing, Automotive, Footwear, Bags & Wallets, Clothing, Others) And Competitive Landscape
Product Code: ETC126876 Publication Date: Jul 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Synthetic Leather Market Synopsis

The India synthetic leather market is expected to witness a significant growth in the coming years, driven by increasing demand from end-use industries such as footwear, furniture and automobiles. The growing fashion consciousness among consumers has also led to increased usage of synthetic leather in clothing and accessories. Additionally, innovations in production technology are making highly durable and aesthetically pleasing products that have further boosted their acceptance among customers. Furthermore, rising disposable incomes leading to improved purchasing power have been driving the demand for high quality luxury items made out of synthetic leather. This is likely to create attractive opportunities for manufacturers during the forecast period.

Market Drivers

Growing fashionable consciousness among the India population which has resulted into an increased inclination towards luxury goods made out of synthetic leather; Increasing availability of cost effective raw materials like PVC (polyvinyl chloride) along with advancements in manufacturing technologies; Rising automotive sales due to economic development resulting into higher demand for interior components like car seats with upholstery made from synthetic leather; Developments in production processes yielding more durable products at lower costs compared to natural hide alternatives; Growing popularity as a substitute material due its eco-friendly features and low maintenance requirements when compared against genuine hides/skins.

Challenges of the Market

Fluctuations in petroleum prices impacting product pricing adversely since polyvinyl chloride (PVC), one key ingredient used for producing these materials is derived from crude oil & gas derivatives Poor environmental standards adopted by some producers leading to toxicity concerns related with release of noxious chemicals while processing these materials can hamper consumer confidence levels going forward. Stringent regulations imposed on waste management systems involved during manufacture may limit industry???s growth potential over longer term horizon.

Key Players in the Market

Major players operating in India Synthetic Leather Market include Reliance Industries Ltd., Vinayak Synthetics Pvt Ltd., Rishabhdev Polymers Pvt Ltd., Indofil Industries Ltd., Dicitex Furnishings Limited, Balaji Polycoats Pvt Ltd., Maharaja Surajmal Brijbasi Syndicate Pvt Ltd., The Mody Group Incorporated India Private Limited etc.

Key Highlights of the Report:

  • India Synthetic Leather Market Outlook
  • Market Size of India Synthetic Leather Market, 2020
  • Forecast of India Synthetic Leather Market, 2027
  • Historical Data and Forecast of India Synthetic Leather Revenues & Volume for the Period 2023 - 2027
  • India Synthetic Leather Market Trend Evolution
  • India Synthetic Leather Market Drivers and Challenges
  • India Synthetic Leather Price Trends
  • India Synthetic Leather Porter's Five Forces
  • India Synthetic Leather Industry Life Cycle
  • Historical Data and Forecast of India Synthetic Leather Market Revenues & Volume By Product for the Period 2023 - 2027
  • Historical Data and Forecast of India Synthetic Leather Market Revenues & Volume By PU for the Period 2023 - 2027
  • Historical Data and Forecast of India Synthetic Leather Market Revenues & Volume By PVC for the Period 2023 - 2027
  • Historical Data and Forecast of India Synthetic Leather Market Revenues & Volume By Bio-based for the Period 2023 - 2027
  • Historical Data and Forecast of India Synthetic Leather Market Revenues & Volume By Application for the Period 2023 - 2027
  • Historical Data and Forecast of India Synthetic Leather Market Revenues & Volume By Furnishing for the Period 2023 - 2027
  • Historical Data and Forecast of India Synthetic Leather Market Revenues & Volume By Automotive for the Period 2023 - 2027
  • Historical Data and Forecast of India Synthetic Leather Market Revenues & Volume By Footwear for the Period 2023 - 2027
  • Historical Data and Forecast of India Synthetic Leather Market Revenues & Volume By Bags & Wallets for the Period 2023 - 2027
  • Historical Data and Forecast of India Synthetic Leather Market Revenues & Volume By Clothing for the Period 2023 - 2027
  • Historical Data and Forecast of India Synthetic Leather Market Revenues & Volume By Others for the Period 2023 - 2027
  • India Synthetic Leather Import Export Trade Statistics
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By Application
  • India Synthetic Leather Top Companies Market Share
  • India Synthetic Leather Competitive Benchmarking By Technical and Operational Parameters
  • India Synthetic Leather Company Profiles
  • India Synthetic Leather Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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India Synthetic Leather

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Synthetic Leather Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Synthetic Leather Market Revenues & Volume, 2020 & 2027F

3.3 India Synthetic Leather Market - Industry Life Cycle

3.4 India Synthetic Leather Market - Porter's Five Forces

3.5 India Synthetic Leather Market Revenues & Volume Share, By Product, 2020 & 2027F

3.6 India Synthetic Leather Market Revenues & Volume Share, By Application, 2020 & 2027F

4 India Synthetic Leather Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Synthetic Leather Market Trends

6 India Synthetic Leather Market, By Types

6.1 India Synthetic Leather Market, By Product

6.1.1 Overview and Analysis

6.1.2 India Synthetic Leather Market Revenues & Volume, By Product, 2018 - 2027F

6.1.3 India Synthetic Leather Market Revenues & Volume, By PU, 2018 - 2027F

6.1.4 India Synthetic Leather Market Revenues & Volume, By PVC, 2018 - 2027F

6.1.5 India Synthetic Leather Market Revenues & Volume, By Bio-based, 2018 - 2027F

6.2 India Synthetic Leather Market, By Application

6.2.1 Overview and Analysis

6.2.2 India Synthetic Leather Market Revenues & Volume, By Furnishing, 2018 - 2027F

6.2.3 India Synthetic Leather Market Revenues & Volume, By Automotive, 2018 - 2027F

6.2.4 India Synthetic Leather Market Revenues & Volume, By Footwear, 2018 - 2027F

6.2.5 India Synthetic Leather Market Revenues & Volume, By Bags & Wallets, 2018 - 2027F

6.2.6 India Synthetic Leather Market Revenues & Volume, By Clothing, 2018 - 2027F

6.2.7 India Synthetic Leather Market Revenues & Volume, By Others, 2018 - 2027F

7 India Synthetic Leather Market Import-Export Trade Statistics

7.1 India Synthetic Leather Market Export to Major Countries

7.2 India Synthetic Leather Market Imports from Major Countries

8 India Synthetic Leather Market Key Performance Indicators

9 India Synthetic Leather Market - Opportunity Assessment

9.1 India Synthetic Leather Market Opportunity Assessment, By Product, 2020 & 2027F

9.2 India Synthetic Leather Market Opportunity Assessment, By Application, 2020 & 2027F

10 India Synthetic Leather Market - Competitive Landscape

10.1 India Synthetic Leather Market Revenue Share, By Companies, 2020

10.2 India Synthetic Leather Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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