Market revenue in 2023 | USD 3,244.9 million |
Market revenue in 2030 | USD 6,117.9 million |
Growth rate | 9.5% (CAGR from 2023 to 2030) |
Largest segment | Pu synthetic leather |
Fastest growing segment | PU synthetic leather |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | PU synthetic leather, PVC Synthetic Leather, Bio-based Leather |
Key market players worldwide | Kuraray Co Ltd, Air Water Inc, Teijin Ltd, Mayur Uniquoters, Nan Ya Plastics, H.R. Polycoats, Velcro, San Fang Chemical Industry |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synthetic leather market will help companies and investors design strategic landscapes.
Pu synthetic leather was the largest segment with a revenue share of 57.15% in 2023. Horizon Databook has segmented the India synthetic leather market based on pu synthetic leather, pvc synthetic leather, bio-based leather covering the revenue growth of each sub-segment from 2018 to 2030.
India is a country characterized by rising consumption and increasing purchasing power of consumers. The market is witnessing rapid growth in India owing to several government initiatives. Synthetic leather accounts for 80% of the total leather product manufacturing in the country.
China has continued to dump its cheap products in the Indian market since the past few years, which is severely impacting the domestic economy. This scenario has convinced the Indian government to protect the interest of domestic producers and take favorable action in their support.
This has escalated the domestic production of synthetic leather in the country. At present, India exports synthetic leather to the U.S., multiple Middle Eastern countries, Germany, and Russia. However, China continues to give tough competition to India leather industry as a result of competitive pricing.
Horizon Databook provides a detailed overview of country-level data and insights on the India synthetic leather market , including forecasts for subscribers. This country databook contains high-level insights into India synthetic leather market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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