Report Overview
Synthetic Leather is manmade fabric that looks like leather. It has leather like surface and is dyed and treated to make it have the look and feel of real leather. It is often used as a substitute for real leather because it is less expensive and it does not require using a real animal hide to create.
Synthetic Leather was first produced near the turn of the century. The insufficient supplies and high cost of genuine leather brought about the demand for Synthetic Leather. Synthetic Leather has gradually replaced genuine leather in many fields. Over the past few decades, the demand for high quality Synthetic Leather has increased tremendously.
Though there are a number of materials used to produce Synthetic Leather, PU and PVC remain the most commonly used choices in market. Normal PU is more flexible and has a much higher tensile, tearing and bursting strength. Furthermore, whereas PVC Synthetic Leather can only be used to make items with a low stress tolerance, Normal PU can be used to make a wide variety of products which must be made from strong materials with a high stress tolerance such as boots, shoes bags, luggage, belts, gloves, and upholstery for furniture and car seats.
This report contains market size and forecasts of Synthetic Leather in India, highlights the following information:
Sales of Synthetic Leather in India: Value 2019 VS 2023 VS 2030, ($ millions)
Sales of Synthetic Leather in India: Volume 2019 VS 2023 VS 2030, (M Sqm)
Sales of Synthetic Leather in India: Revenue Market Share by Company, 2019-2024
Sales of Synthetic Leather in India: Volume Market Share by Company, 2019-2024
India is now the world’s most populous country. According to IMF (its July update to its World Economic Outlook), India’s GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Synthetic Leather will continue to grow rapidly in the future.
The global Synthetic Leather market size was valued at 6117.4 million in 2023 and is forecast to a readjusted size of US$ 6610.4 million by 2030, with a CAGR of 1.1% during the forecast period 2024-2030.While the India Synthetic Leather market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. India will account for % percent of Synthetic Leather's global value in 2030, from % in 2023.
Our research team has surveyed the Synthetic Leather manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, Value, demand, price change, product matrix, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
India Synthetic Leather Market, By Type, 2019-2024, 2025-2030 ($ Millions) & (M Sqm)
India Synthetic Leather Market Segment Percentages, By Type, 2023 (%)
PVC
Normal PU
Microfiber PU
Ecological Function PU
India Synthetic Leather Market, By Application, 2019-2024, 2025-2030 ($ Millions) & (M Sqm)
India Synthetic Leather Market Segment Percentages, By Application, 2023 (%)
Sport Shoes
Bags
Furniture
Car Interiors
Sports Goods
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Synthetic Leather revenues in India market, 2019-2024 (Estimated), ($ millions)
Key companies Synthetic Leather sales in India market, 2019-2024 (Estimated), (M Sqm)
Further, the report presents profiles of competitors in the market, key players include:
Kuraray
Toray
Teijin
Bayer
Shandong Friendship
Wangkang Group
Asahi Kasei
Duksung
Daewon Chemical
Filwel
Kolon
San Fang Chemical
Nanya
Wenzhou Imitation Leather
Anhui Anli
Fujian Tianshou
Shandong Jinfeng
Yantai Wanhua
Shandong Tongda
Jiaxing Hexin
Xiefu new materials
Huafeng Group
Wenzhou Huanghe
Meisheng Industrial
Xiamen Hongxin
Fujian Huayang
Sanling
Hongdeli
Market Size Overview
USD Million
-
2026-
2032-
CAGR (2024-2032)MARKET SIZE 2026
USD - MN
Million
MARKET SIZE 2032
USD - MN
Million
CAGR (2026-2032)
-
FASTEST GROWING REGION
Asia Pacific
LARGEST MARKET
Asia Pacific
Key Market Segmentation
By Purity Level
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