Synthetic Leather Market In India to Record 7.61% CAGR by 2025 | Augmented Demand in the Automotive and Footwear

NEW YORK, Nov. 30, 2021 /PRNewswire/ — Factors such as augmented demand in the automotive and footwear industries, increasing penetration of PU synthetic leather materials, and increasing investments by foreign players in the footwear industry will offer immense growth opportunities in the synthetic leather market in India. However, factors such as harmful effects of PU and PVC on humans may threaten the growth of the market.

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The synthetic leather market in India is set to grow by USD 1.38 bn between 2020 and 2025. The growth momentum of the market is expected to decelerate a CAGR of 7.61%, according to Technavio’s latest market research report estimates.

The report covers the following areas:

Synthetic Leather Market In India 2021-2025: Segmentation

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Synthetic Leather Market in India 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the synthetic leather market in India include Arora Vinyl Pvt. Ltd., Daman Textiles, Jasch Industries Ltd., Marvel Vinyls Ltd., Natroyal Group, Nirmal Fibres Pvt. Ltd., Response Fabrics Pvt. Ltd., Shakti Tex Coaters Pvt. Ltd., United Decoratives Pvt. Ltd., and Winner Nippon Leatherette Pvt. Ltd.

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Synthetic Leather Market in India 2021-2025: Vendor Landscape

The synthetic leather market in India is fragmented, and the degree of fragmentation will decelerate during the forecast period. The key vendor profiles by Technavio include information on the production, sustainability, and prospects of the leading companies. Vendors are deploying various business strategies as well as organic and inorganic growth strategies to compete in the market. To make the most of the opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

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Synthetic Leather Market in India 2021-2025: Key Highlights

• CAGR of the market during the forecast period 2021-2025

• Detailed information on factors that will support the growth of the synthetic leather market in India during the next five years

• Estimation of the size of the synthetic leather market in India size and its contribution to the parent market

• Predictions on upcoming trends and changes in consumer behavior

• The growth of the synthetic leather market in India

• Analysis of the market’s competitive landscape and detailed information on vendors

• Comprehensive details of factors that will challenge the growth of vendors in the synthetic leather market in India

Related Reports:

• Bio-based Leather Market: The bio-based leather market has been segmented by application (footwear, furnishing, automotive, clothing, and others) and geography (North America, Europe, APAC, MEA, and South America). Download Free Sample Report

• Leather Chemicals Market: The leather chemicals market has been segmented by application (footwear, furniture, automotive sector, and others) and geography (APAC, Europe, North America, MEA, and South America). Download Free Sample Report

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