Synthetic_Leather_Non_Woven_Jan_25

1. FOCUS PRODUCT FOCUS PRODUCT Synthetic Leather Synthetic Leather Scan to Download JANUARY 2025 TBD Mobile App Plus: Online Version www.getmytbd.com

3. Editor’s Foreword Non-woven synthetic leather has emerged as a signifjcant material in various industries, offering a versatile and increasingly sustainable alternative to traditional leather and woven fabrics. This engineered material is created by bonding synthetic fjbers, such as polyester or nylon, through mechanical, thermal, or chemical processes, resulting in a fabric-like structure with enhanced properties. The introduction of non-woven synthetic leather has revolutionized product design and Publisher UNIFIED KNOWLEDGE SERVICES PVT. LTD. Sixth fmoor, C 56/16, Sector 62,Noida, Uttar Pradesh 201309, INDIA Email : info@uksl.co.in website: www.uksl.in manufacturing across sectors like fashion, automotive, upholstery, and footwear. The market offers diverse types of non-woven synthetic leather, each tailored for specifjc applications. These include needle-punched felts known for their density and strength, spunbond fabrics valued for their durability and cost-effectiveness, and stitch-bonded materials offering unique textures and fmexibility. These variations allow manufacturers to select the ideal material based on the desired aesthetic, performance requirements, and budget. Ravi B. Arora CEO The applications of non-woven synthetic leather are extensive. In the fashion industry, it is used for clothing, handbags, and accessories, providing a cruelty- Rashi Arora Director free and often more affordable option than animal leather. The automotive sector utilizes it for car interiors, offering durability and ease of maintenance. In furniture Kumar Abhishek Director and upholstery, it provides a cost-effective and versatile covering material. Additionally, it fjnds use in shoe linings, belts, and various industrial applications requiring robust and fmexible materials. Alok Satyadev Editor in Chief Recent innovations in this fjeld are focused on enhancing sustainability and Imran Ahmad Database Administrator performance. Developments include the use of recycled synthetic fjbers, bio-based polymers, and water-based coatings to reduce environmental impact. Techniques Maninder Singh Sr. Visual & Graphic Designer like 3D fjber deposition and ultrasonic bonding are improving material properties and creating novel textures. Neha Arya Visual & Graphic Designer Changing customer trends are signifjcantly impacting the non-woven synthetic Sonam Gupta Research Analyst leather market. Growing awareness of animal welfare and environmental concerns is driving demand for ethical and sustainable alternatives. Consumers Shubham Jaiswal Research Analyst are increasingly seeking products that offer both style and a reduced ecological footprint. This shift is pushing manufacturers to innovate and offer more eco- Surbhi Garg Sr. Manager (Events) friendly options. Advisors: The domestic and international markets for non-woven synthetic leather are experiencing robust growth. Asia Pacifjc currently dominates production, with Dr. S.M. Ishtiaque Prof. I.I.T Delhi China and India being major players. North America and Europe are also signifjcant markets, with increasing demand for high-quality and sustainable synthetic leather. Mr. Ashok Juneja Ex President, TAI The global market is projected to continue its expansion, driven by the versatility and evolving sustainability of the material. Mr. Gurudas Aras Independent Director & Strategic Advisors In this edition of Non Woven Textile dedicated to Synthetic Leather, we have tried to deliberate upon the underlying products and innovations, global markets analysis Mr. Sharad Tandon CEO, Standon Consulting and technological advancements. Happy reading…

4. Contents 42 Technology Junction 04 Focus Product: Synthetic Leather INTRODUCTION TO SYNTHETIC LEATHER 04 RELEVANCE & CONSUMER PREFERENCE IN SYNTHETIC LEATHER 08 INSIGHTS, CHALLENGES & FUTURE OUTLOOK PLASTIC LAMINATED TEXTILE FABRICS SEAMLESS FUSION IN MODERN LIFE 12 SYNTHETIC LEATHER IMPACT ON DAILY LIFE 14 TECHNOLOGICAL ADVANCEMENT IN SYNTHETIC LEATHER 42 LATEST INNOVATIONS IN SYNTHTIC LEATHER 44 SNAP PAP: AN INNOVATIVE RAW MATERIAL 48 10 53 State at Glance 18 Market Analysis : Synthetic Leather MADHYA PRADESH 53 SNAPSHOT OF GLOBAL TRADE PLASTIC LAMINATED TEXTILE FABRICS 18 PRODUCT WISE GLOBAL IMPORT OF PLASTIC LAMINATED TEXTILE FABRICS 19 GLOBAL IMPORTS TRENDS 20 GLOBAL EXPORTS TRENDS 22 INDIAN EXPORTS MARKET 24 MARKET WATCH USA 26 AUSTRALIA 28 GLOBAL SYNTHETIC LEATHER MARKET 30 INDIAN SYNTHETIC LEATHER MARKET 38

6. Focus Product INTRODUCTION TO INTRODUCTION TO SYNTHETIC LEATHER SYNTHETIC LEATHER A MODERN REVOLUTION IN TEXTILES A MODERN REVOLUTION IN TEXTILES Synthetic leather has emerged as a game-changing alternative to genuine leather. It is prominently used in material that combines the versatility of textiles with the apparel and accessories (jackets, shoes, handbags), durability and aesthetics of leather. This innovation has furniture (sofas, chairs, bed frames), and automotive been driven by the need for more sustainable, cost- applications (car seats, dashboards, steering wheel effective, and cruelty-free alternatives to traditional covers). leather. From the fashion industry to automotive interiors, the applications of synthetic leather are expanding Textile Fabrics Impregnated and Coated with Plastics rapidly, offering unique advantages in terms of texture, appearance, and performance. Textile-based synthetic leather begins with the marriage of textiles and plastics, a process that transforms Synthetic leather is widely utilized across various simple fabric into a durable, leather-like material. This industries, offering a durable and cost-effective transformation is typically achieved by impregnating or coating textiles with various plastic substances, which results in a flexible, long-lasting material that mimics the appearance and feel of genuine leather. The process of turning textiles into synthetic leather typically involves applying a plastic coating to a fabric substrate, which can be made from natural fibers like cotton, polyester, or nylon, or synthetic fibers such as polypropylene. These textiles are first treated with a plastic polymer to create a surface layer that is water- resistant, durable, and easy to clean, akin to leather. Coating: In the coating process, a layer of plastic is applied to the surface of the fabric. This is often done 4

7. Focus Product using techniques such as roller coating, knife-over-roll coating, or dip-coating, where the fabric is passed through a liquid plastic solution. The fabric then undergoes curing or drying, which solidifies the plastic coating, forming a smooth, leather-like surface. Impregnation: In contrast to coating, impregnation involves soaking the textile fabric with a liquid polymer. The fabric absorbs the plastic material, and once it has been fully impregnated, it is dried and cured. This method ensures the material retains flexibility while achieving enhanced durability and a leather-like texture. Advantages of Synthetic Leather Cost-Effective: One of the primary reasons textile-based synthetic leather has gained widespread popularity is its affordability. The production costs of synthetic leather are lower compared to genuine leather, making it an attractive option for manufacturers and consumers alike. Sustainability: Traditional leather production is resource-intensive, involving the use of animal hides and chemicals for tanning. In contrast, synthetic leather made from textiles eliminates the need for animal products and can be produced with environmentally friendly materials. Design Flexibility: Textile-based synthetic leather offers greater design flexibility than traditional leather. The fabric substrate can be easily dyed, printed, or textured to create unique patterns and colors, providing manufacturers with more creative freedom. Durability and Easy Maintenance: The plastic coating or impregnation provides textile-based synthetic leather with durability comparable to genuine leather, making it resistant to wear, tear, and stains. With the development of synthetic leather, manufacturers have also explored different types of plastic-based materials, each offering distinct benefits and characteristics. Among the most common are PVC (Polyvinyl Chloride), bio-based synthetics, and PU (Polyurethane) synthetics. These materials not only serve as alternatives to traditional leather but also represent advances in material science, offering innovations in terms of environmental impact, performance, and aesthetics. PVC-Based Synthetic Leather Polyvinyl chloride, or PVC, is one of the most widely used plastics in the production of synthetic leather. PVC-based synthetic leather is known for its affordability, durability, and versatility. The process of creating PVC synthetic leather involves the use of a plasticizer to soften the PVC and create a flexible, leather-like material. This material is then 5

8. Focus Product coated onto a textile substrate to form the synthetic leather. PVC synthetic leather is commonly used in applications such as upholstery, automotive interiors, footwear, and fashion accessories. It offers several advantages, including: Affordability Durability Water and Stain Resistance •PVC-based synthetic leather is cost-effective and can be produced in large quantities, making it accessible for a wide range of industries. •PVC is highly resistant to wear and tear, making it ideal for products that require longevity and resilience. •One of the standout features of PVC synthetic leather is its excellent resistance to water, stains, and other environmental factors, which makes it perfect for use in upholstery and other high-traffic areas. However, one of the main drawbacks of PVC-based synthetic leather is its environmental impact. PVC production involves the use of chlorine and other chemicals, which can release harmful emissions during production. As a result, manufacturers are increasingly seeking more sustainable alternatives. Bio-Based Synthetic Leather With growing concerns about the environmental impact of synthetic materials, bio-based synthetic leather has emerged as a more sustainable alternative to traditional PVC. Bio-based synthetic leather is made using renewable resources, such as plant-based oils, starches, and fibers, rather than petroleum-based materials. This type of synthetic leather offers a significant reduction in carbon emissions and is biodegradable, making it a more eco- friendly option. Bio-based synthetic leather is typically used in applications like fashion, furniture, and automotive interiors. It offers several advantages: Durability and Flexibility Leather-Like Texture and Feel Comfort and Aesthetics •PU synthetic leather is highly durable, resistant to cracking, and flexible, making it suitable for use in a variety of products, including clothing, accessories, and automotive interiors. •PU-based synthetic leather has a smaller environmental footprint compared to PVC, as it does not require the use of chlorine in its production. It is also less harmful to human health, as it does not release harmful chemicals during the manufacturing process. •PU synthetic leather closely resembles real leather in terms of texture, appearance, and comfort, making it a popular choice in high- end fashion and luxury goods. 6

9. Focus Product The primary challenge with bio-based synthetic leather is the higher cost of production. However, as demand for sustainable materials continues to rise, advancements in bio-based technologies may help reduce costs and increase accessibility. PU-Based Synthetic Leather Polyurethane, or PU, is another popular material used to create synthetic leather. PU-based synthetic leather is known for its high-quality finish, which closely mimics the texture and appearance of real leather. The production of PU synthetic leather involves applying a polyurethane coating to a fabric substrate, resulting in a soft, flexible, and durable material. PU-based synthetic leather has several benefits: Environmental Sustainability Biodegradability Comfort and Aesthetics •Bio-based synthetic leather reduces reliance on fossil fuels and minimizes carbon footprints, making it a greener alternative to traditional synthetic leather. •Unlike PVC and PU synthetics, bio-based materials are biodegradable, meaning they break down naturally in the environment without leaving behind harmful residues. •Bio-based synthetic leather often has a softer, more natural feel compared to petroleum- based synthetics, making it ideal for use in clothing and accessories. However, like PVC, PU-based synthetic leather is still a petroleum-based product, and while it is more eco-friendly than PVC, it is not entirely free from environmental impact. Manufacturers are continuously working to improve the sustainability of PU-based synthetics through innovations in production techniques and material sourcing. Synthetic leather is rapidly gaining ground as a versatile and sustainable alternative to traditional leather. The ability to impregnate or coat textiles with plastics opens up a world of possibilities, allowing manufacturers to create durable, flexible, and aesthetically appealing materials for a wide range of applications. As technology advances, newer, more sustainable materials such as bio-based and PU-based synthetics are poised to revolutionize the synthetic leather industry. The future of synthetic leather looks bright, with continued innovations in material science, sustainability practices, and production techniques. As consumers become increasingly aware of the environmental impact of their choices, the demand for eco-friendly alternatives to animal leather will only grow, and textile-based synthetic leather will play a key role in shaping the future of the fashion, automotive, and furniture industries. 7

10. Focus Product RELEVANCE & CONSUMER PREFERENCE RELEVANCE & CONSUMER PREFERENCE IN SYNTHETIC LEATHER IN SYNTHETIC LEATHER A CONTEMPORARY In the ever-evolving landscape of fashion, furniture, and ANALYSIS Synthetic leather, also known as faux leather, began automotive industries, synthetic leather has established its journey as a cost-effective and ethical alternative to itself as a staple material. Often seen as a substitute for natural leather. Initially criticized for its lack of authenticity natural leather, synthetic leather has grown far beyond and inferior quality, synthetic leather has undergone a its initial purpose. It has carved out its own identity, significant transformation over the decades. Advances fueled by technological advancements, changing in material science have led to the development of high- consumer preferences, and the dynamic nature of quality variants that closely mimic the look and feel of global markets. This article delves into the continued genuine leather, while offering distinct benefits in terms relevance of synthetic leather and the factors shaping of durability, maintenance, and versatility. consumer preferences, shedding light on why this material remains a dominant force in various industries. The late 20th and early 21st centuries witnessed a technological revolution in the production of synthetic leather. Innovations in polymer science, particularly the development of polyurethane (PU) and polyvinyl chloride (PVC) coatings, have drastically improved the quality and performance of synthetic leather. Modern techniques allow for the creation of textures, patterns, and finishes that closely resemble natural leather, while also offering enhanced resistance to wear and environmental factors. Consumer preferences play a pivotal role in the sustained popularity of synthetic leather. Understanding these preferences requires a closer examination of the underlying factors that influence buying decisions. 8

11. Focus Product Fashion Trends Fashion trends also significantly influence consumer preferences for synthetic leather. The material’s adaptability allows it to seamlessly integrate into various styles, from classic to contemporary. The fashion industry’s endorsement collaborations with designers and influencers has further bolstered its popularity. Trend-conscious material’s ability to replicate high-fashion looks at a fraction of the cost. of synthetic leather through consumers are drawn to the Versatility and Customization The versatility of synthetic leather is unmatched. It can be produced in a wide range of colors, textures, and finishes, allowing manufacturers to cater to diverse customization potential enables brands to innovate and experiment with designs, keeping their product offerings fresh and appealing. Consumers appreciate the ability to choose from a variety of options, which contributes to the material’s continued relevance. consumer tastes. This Durability and Maintenance Modern consumers often prioritize convenience and ease of maintenance. Synthetic leather meets these demands with its superior durability and low maintenance requirements. Unlike natural leather, which requires regular conditioning and careful handling, synthetic leather is resistant to stains, water, and UV exposure. This practicality enhances its appeal, especially for busy individuals and families. Economic Factors Affordability is another critical factor driving the preference for synthetic leather. While natural leather remains a luxury material with a high price tag, synthetic leather offers a more accessible price point without compromising on style and functionality. This economic advantage makes synthetic leather an attractive option for budget- conscious consumers, particularly in emerging markets. 9

12. Focus Product INSIGHTS, CHALLENGES & INSIGHTS, CHALLENGES & FUTURE OUTLOOK FUTURE OUTLOOK OF SYNTHETIC LEATHER OF SYNTHETIC LEATHER The market for synthetic leather is characterized by in shaping the synthetic leather industry. With increasing a complex interplay of factors, including consumer scrutiny on environmental impact and sustainability, demand, technological innovation, and regulatory manufacturers are investing in eco-friendly production influences. The global market for synthetic leather processes and materials. Regulations aimed at reducing is experiencing robust growth, driven by increasing carbon footprints and promoting sustainable practices demand across multiple sectors such as fashion, are encouraging the development of bio-based and automotive, and furniture. Asia-Pacific, in particular, has recycled synthetic leather variants, which are gaining emerged as a key production and consumption hub, with traction among environmentally conscious consumers. countries like China, India, and Vietnam leading the way. The region’s cost-effective manufacturing capabilities Brands are leveraging synthetic leather to cater to and rising middle-class population contribute to the the evolving needs and preferences of consumers. expanding market. By emphasizing attributes such as cruelty-free, sustainable, and innovative design, companies are Regulatory frameworks and standards play a crucial role positioning synthetic leather products as desirable and responsible choices. Marketing campaigns often highlight the material’s alignment with contemporary values, resonating with younger, socially aware consumers. Despite its widespread acceptance, synthetic leather faces c e r t a i n challenges that could impact its future trajectory. While synthetic leather is promoted as an ethical alternative to natural leather, its environmental 10

13. Focus Product Educating consumers about the benefits and limitations of synthetic leather is crucial. Misconceptions about the material’s quality, durability, and environmental impact can influence buying decisions. Transparent communication and informative marketing can help build trust and reinforce the material’s positive attributes. The future of synthetic leather is likely to be shaped by continued advancements in material science and a stronger emphasis on sustainability. Innovations such as biodegradable synthetic leather, improved recycling technologies, and reduced reliance on fossil fuels are expected to redefine the industry. Additionally, collaborations between manufacturers, designers, and environmental organizations will play a pivotal role in driving positive change. impact remains a topic of concern. The production of PU and PVC involves the use of petrochemicals and generates waste, raising questions about sustainability. The industry is actively exploring greener alternatives, such as bio-based polymers and recycling initiatives, to address these issues. The rise of alternative materials, such as mushroom leather, pineapple leather, and lab-grown leather, presents a competitive challenge to synthetic leather. These innovative materials are marketed as sustainable and eco-friendly, appealing to environmentally conscious consumers. The synthetic leather industry must continue to innovate and adapt to maintain its relevance in the face of such competition. Synthetic leather has firmly established itself as a relevant and preferred material in various industries, driven by a complex interplay of consumer preferences, technological advancements, and market dynamics. Its versatility, affordability, and alignment with contemporary values have ensured its continued appeal. However, the industry must navigate challenges related to environmental impact and competition from emerging alternatives. By embracing innovation and sustainability, synthetic leather can maintain its position as a key player in the global market, catering to the evolving needs and preferences of consumers. 11

14. Focus Product THE SEAMLESS FUSION THE SEAMLESS FUSION PLASTIC LAMINATED PLASTIC LAMINATED TEXTILE FABRICS TEXTILE FABRICS IN MODERN LIFE AND BEYOND IN MODERN LIFE AND BEYOND In the ever-evolving landscape of materials science, From backpacks to handbags, laminated fabrics provide textile fabrics laminated with plastics have emerged as the durability needed for daily use without sacrificing a transformative innovation. This unique blend offers the style. These materials ensure that personal accessories softness, flexibility, and aesthetics of textiles with the are not only chic but also resilient against the elements, durability, water resistance, and strength of plastics. As catering to the modern, on-the-go lifestyle. we delve deeper into their applications, it becomes clear that these hybrid materials are reshaping industries and In the automotive sector, laminated fabrics are crucial daily life, promising a future brimming with potential. for interior components like seats, headliners, and door panels. Their role extends beyond aesthetics; The fashion industry is a prime beneficiary of textile- they contribute to safety features, such as airbags, plastic laminates. These materials provide a perfect and improve comfort through advanced cushioning balance of comfort and performance, making them technologies. The construction industry leverages ideal for activewear, outdoor gear, and high-fashion laminated fabrics in applications like roofing ensembles. Waterproof jackets, windproof pants, and membranes, awnings, and insulation materials. Their breathable athletic strength, flexibility, and resistance to environmental shoes are just a few factors make them indispensable in modern architecture examples of how and infrastructure projects. In healthcare, laminated laminated fabrics fabrics are used in are setting new protective garments, standards in apparel. surgical drapes, and In home décor, wound dressings. laminated fabrics Their ability to create are revolutionizing barriers against everything from furniture upholstery to drapes. Their fluids and bacteria ability to repel stains, resist wear, and maintain aesthetic without compromising appeal over time makes them a favorite for busy breathability is critical households. Imagine a sofa that can withstand spills in maintaining hygiene and pets while retaining its charm for years. and patient safety. 12

15. Focus Product The integration of plastics in textiles raises concerns about sustainability. However, advancements in recycling technologies are making it possible to repurpose laminated fabrics, reducing landfill waste and promoting a circular economy. Manufacturers are investing in eco-friendly production methods and materials that can be recycled efficiently. Emerging research is focused on developing biodegradable plastic laminates. These innovations aim to provide the same benefits as traditional laminates while decomposing naturally after their useful life, significantly mitigating environmental impact. The Future of Laminated Fabrics: Trends and markets, presenting opportunities for manufacturers Innovations to expand their reach. By adapting to local needs and preferences, companies can tap into new customer The next frontier for laminated fabrics is smart textiles— bases and drive global growth. materials embedded with electronic components that can monitor health, change color, or adjust temperature. Textile fabrics laminated with plastics have become This convergence of technology and fashion is set to integral to modern life, offering solutions that are both revolutionize industries ranging from healthcare to functional and aesthetically pleasing. As industries sports. continue to innovate and address sustainability challenges, the future of these materials looks promising. As consumers increasingly seek unique, personalized They are not just fabrics; they are the building blocks of products, laminated fabrics offer immense potential. a more versatile, resilient, and sustainable world. Innovations in digital printing and fabric engineering allow for bespoke designs and functionalities, catering As we stand on the cusp of new possibilities, textile- to niche markets plastic laminates exemplify the spirit of innovation that and individual defines our era. Their role in daily life is set to expand, preferences. shaping a future where materials are smarter, more sustainable, and tailored to meet the dynamic needs of F u t u r e society. Whether in fashion, healthcare, or construction, a d v a n c e m e n t s these fabrics are weaving a narrative of in manufacturing progress and techniques, such potential that as 3D printing and will define the laser cutting, will next chapter enable more precise of material and efficient production of laminated fabrics. These science. technologies will expand the possibilities for design and application, driving innovation in various sectors. Despite their advantages, laminated fabrics face challenges such as potential delamination and reduced breathability. Continuous research and development are aimed at addressing these issues, enhancing the performance and reliability of these materials. The demand for laminated fabrics is growing in emerging 13

16. Focus Product SYNTHETIC LEATHER SYNTHETIC LEATHER ITS IMPACT ON DAILY LIFE ITS IMPACT ON DAILY LIFE Innovation in synthetic leather has sparked a revolution which is resource-intensive and often linked to in material science, offering a sustainable alternative deforestation and water pollution, synthetic leather to traditional animal-derived leather. Synthetic leather, manufacturing significantly reduces environmental often termed as faux leather or vegan leather, is crafted impact by curbing greenhouse gas emissions and from various synthetic materials such as polyurethane conserving natural resources. This eco-conscious (PU) or polyvinyl chloride (PVC), meticulously approach resonates with consumers increasingly engineered to mimic the aesthetic and tactile qualities inclined towards ethically sourced and environmentally of genuine leather. This transformative approach not friendly products, thereby fostering a paradigm shift only addresses ethical concerns but also champions towards sustainable consumption patterns. environmental sustainability by reducing the reliance on animal agriculture and mitigating the ecological In the realm of consumer goods, synthetic leather has footprint associated with leather production. democratized luxury, making premium-quality products more accessible and affordable. Its widespread The advent of synthetic leather has ushered in anew adoption in apparel, accessories, and footwear markets era of versatility and creativity in fashion and design industries. Designers now wield a broader palette of textures, colors, and finishes, empowering them to explore innovative concepts without compromising on aesthetic appeal or durability. This flexibility has transcended traditional boundaries, influencing diverse sectors ranging from haute couture to automotive upholstery, where synthetic leather’s resilience and customizable attributes cater to stringent performance requirements without sacrificing style. Beyond its aesthetic allure, synthetic leather plays a pivotal role in promoting sustainability across global supply chains. Unlike conventional leather production, 14

17. Focus Product underscores its mainstream academia, industry, and research institutions. Innovators appeal, catering to are continually refining manufacturing processes discerning consumers to minimize waste generation and enhance energy seeking fashion-forward efficiency, paving the way for next-generation materials alternatives that align that embody the principles of circular economy. with their ethical This commitment to sustainability underscores the c o n v i c t i o n s . transformative potential of synthetic leather in shaping Moreover, the a more resilient and equitable future, where innovation d u r a b i l i t y converges with environmental stewardship to drive and low positive societal impact. Looking ahead, the trajectory of synthetic leather innovation holds promise for further breakthroughs in material science and design aesthetics. As consumer preferences evolve and regulatory frameworks evolve, stakeholders are poised to embrace emerging technologies that redefine the boundaries of possibility in synthetic leather applications. By harnessing the power of innovation, collaboration, and sustainable practices, the synthetic leather industry stands at the forefront of a progressive movement towards a more maintenance of synthetic inclusive and sustainable global economy. leather translate into long-term cost savings for consumers, offering a compelling value proposition Role of Synthetic Leather in the Textile Industry compared to its natural counterpart. Synthetic leather plays an The technological advancements driving synthetic increasingly significant and leather innovation are not confined to fashion and transformative role lifestyle sectors alone but extend to medical and in the textile industrial applications. In healthcare, synthetic leather’s industry, offering hypoallergenic properties and ease of sterilization a compelling have revolutionized medical equipment and prosthetic combination devices, enhancing patient comfort and safety. Similarly, of aesthetics, in automotive and aviation industries, where stringent d u r a b i l i t y, safety standards and performance benchmarks prevail, sustainability, synthetic leather’s resilience to wear and tear coupled and cost- with its fire-retardant properties make it an indispensable effectiveness. choice for interior Tr a d i t i o n a l l y, upholstery and trim textiles were components. primarily associated with fabrics made from natural or synthetic fibers, but with the evolving Moreover, the needs of modern consumers and designers, the integration of boundaries between textiles and materials like synthetic s u s t a i n a b l e leather have blurred. Today, synthetic leather is practices in synthetic considered a vital component within the broader textile leather production ecosystem, shaping innovations in fashion, interiors, has catalyzed automotive fabrics, accessories, and even technical c o l l a b o r a t i v e textiles. initiatives across In the fashion sector, synthetic leather has revolutionized 15

18. Focus Product The automotive textile industry heavily relies on synthetic leather for car seat covers, steering wheel wraps, and interior trims. Its resistance to wear, UV rays, and temperature fluctuations make it suitable for long- lasting applications in vehicles. In this context, synthetic leather acts not just as a surface material but also as a textile composite, often layered with foam or backing fabrics to enhance comfort and performance. The same principle is applied in technical textiles where synthetic leather is used in luggage, sports gear, protective the way designers approach material selection. It clothing, and outdoor equipment. These applications mimics the look and feel of real leather but is lighter, highlight the role of synthetic leather as both a functional more affordable, and often more versatile in terms of and decorative textile component. color and finish. Jackets, skirts, trousers, and even dresses made from synthetic leather have become Synthetic leather also supports digital printing and laser mainstream, thanks to their edgy look and animal- cutting, enabling high-precision customization which friendly appeal. Importantly, synthetic leather aligns with is often difficult with natural leather. This adaptability the growing movement towards cruelty-free and vegan enhances its appeal in modern textile manufacturing, fashion, resonating with ethically conscious consumers. where customization and fast fashion trends require The textile industry’s adoption of synthetic leather has speed and flexibility. From embossing brand logos to allowed brands to maintain luxury aesthetics while digitally printed patterns, synthetic leather’s compatibility adhering to sustainable values, making fashion more with advanced textile technologies is shaping the future inclusive and responsible. of design and production. Synthetic leather has become indispensable in the production of footwear and accessories like bags, belts, wallets, and gloves. In the footwear segment, it is widely used for uppers, linings, and insoles due to its durability, water resistance, and ease of cleaning. These characteristics make synthetic leather an ideal textile alternative for both casual and performance footwear. In accessories, synthetic leather offers textile manufacturers a robust, moldable material that can be textured, embossed, or printed with ease, allowing for endless design possibilities. As a result, it supports mass production while maintaining a high-end look. In the home furnishings sector, synthetic leather is extensively used for upholstery in furniture, headboards, and cushions. Its durability, resistance to spills, and low maintenance requirements make it a preferred material for residential as well as commercial interiors. Within the textile industry, synthetic leather has found its niche alongside traditional upholstery fabrics, offering a modern, sleek, and sometimes more affordable alternative to genuine leather. Innovations have led to breathable and softer variants of synthetic leather, enhancing comfort and usability in home textile applications. 16

19. Focus Product The only place for Geo Textiles Ideas Member Visit Family 17

20. Market Analysis SNAPSHOT SNAPSHOT TRADE TRADE Textile Fabrics Laminated with Plastics Textile Fabrics Laminated with Plastics (HS CODE 5903) (HS CODE 5903) GL BAL GL BAL (Source: Data from International Trade Centre & Analysis by TBD) Global Trade Import (HS CODE 5903) 2023 Import Growth Rate for Period (2016-23) World Trade Top Importer US$ US$ 13.2 Bn 1.6 Bn, Viet Nam 4.44% Global Trade Export (HS CODE 5903) 2023 Export Growth Rate for Period (2016-23) 4.99% World Trade Top Exporter US$ 2.7 Bn, China US$ 17.4 Bn 18

21. Market Analysis PRODUCT WISE ANALYSIS OF PRODUCT WISE ANALYSIS OF IMPORT IMPORT FABRICS LAMINATED WITH PLASTICS FABRICS LAMINATED WITH PLASTICS (HS CODE 5903) (USD in Million) GL BAL GL BAL Product Code 590320 Product Level Textile Fabrics laminated with Poly urethane Textile Fabrics Laminated with Plastics other than Poly vinyl Textile Fabrics Laminated with Poly chloride 2016 3,839 2017 4,048 2018 4,309 2019 4,176 3,758 2020 2021 4,492 2022 4,701 2023(E) 5,260 590390 3,727 3,912 3,969 3,965 3,479 4,147 4,509 5,076 2,625 2,497 2,069 2,417 2,615 2,913 590310 2,215 2,364 Market Share (2023) of Global of Textile fabrics Laminated with Plastics (HS CODE 5903) (USD in Million) 2,913 22% 5,260 40% 5,076 38% Textile Fabrics Laminated With Poly urethane Textile Fabrics Laminated with Plastics other than Poly vinyl Textile Fabrics Laminated with Poly chloride 19

22. Market Analysis GL BAL IMPORT IMPORT TRENDS TRENDS Textile Fabrics Laminated with Plastics (HS CODE 5903) Top Global Importers (2016-2023) for Textile Fabrics Laminated with Plastics (HS CODE 5903) (US$ in Million) Rank Importers World 1 Viet Nam 2 USA 3 China 4 Mexico 5 Bangladesh 6 India 2016 9,789.9 10,337.3 10,913.5 10,648.7 9,313.9 11,070.9 11,841.8 13,270.1 4.44% 759.9 809.2 945.2 1,095.6 1,102.1 1,242.6 1,404.8 1,552.5 10.75% 1,011.4 1,087.9 1,136.9 1,031.7 854.2 1,157.8 1,213.0 1,433.8 908.7 937.0 947.2 875.1 717.3 838.1 753.7 806.1 783.8 731.0 713.7 625.0 482.4 495.0 251.7 253.2 295.6 297.1 295.9 471.2 534.5 672.5 372.0 424.8 439.9 397.4 224.8 318.6 414.2 508.5 2017 2018 2019 2020 2021 2022 2023(E) CAGR (%) 5.11% -1.70% -4.31% 15.07% 4.57% 549.2 575.6 Growth Rate (2016-2023) of Top Global Importers of Textile Fabrics Laminated with Plastics (HS CODE 5903) (in %) 20.00% 15.07% 15.00% 10.75% 10.00% 5.11% 4.57% 4.44% 5.00% 0.00% -1.70% -5.00% -4.31% -10.00% 20

23. Market Analysis Market Share (2023) for Top Global Importers of Textile Fabrics Laminated with Plastics (HS CODE 5903) (in %) 11.70% Viet Nam USA China 10.80% Mexico 58.18% 6.07% Bangladesh India 4.34% Others 5.07% 3.83% Overview Global import trends for textile fabrics laminated with plastics (HS Code 5903) reveal significant opportunities for growth, particularly in emerging markets like Vietnam and Bangladesh, which have shown robust year-on- year increases. These trends highlight the rising demand for durable and versatile materials in sectors such as automotive, construction, and consumer goods. The USA and Vietnam’s consistent growth indicate a stable market, while China’s slight decline suggests a potential shift in production or sourcing strategies. India’s moderate growth suggests untapped potential. By leveraging its manufacturing capabilities and enhancing trade relations, India can strengthen its position in global markets. Expanding into emerging economies and focusing on innovation in sustainable materials can further boost exports, aligning with the global push towards eco-friendly solutions. 21

24. Market Analysis GL BAL EXPORT EXPORT TRENDS TRENDS TEXTILE FABRICS LAMINATED WITH PLASTICS (HS CODE 5903) Top Global Exporters (2016-2023) for Textile Fabrics Laminated with Plastics (HS CODE 5903) (US$ in Million) Rank Exportes World 1 China 2 Germany 1,077.2 1,187.7 1,262.7 1,070.3 892.3 1,031.5 993.0 1,073.0 3 USA 1,050.6 1,075.0 1,077.6 991.6 898.7 901.3 1,014.5 1,053.9 4 Korea 841.0 847.1 853.0 804.3 668.5 819.2 840.4 948.0 5 Italy 543.6 550.0 615.5 581.9 495.4 613.7 635.8 722.1 10 India 115.4 115.1 127.9 145.0 211.1 277.1 212.2 234.5 2016 2017 2018 2019 2020 2021 2022 2023(E) CAGR(%) 12,399.4 13,281.1 13,894.9 13,295.6 11,347.7 14,317.2 15,167.9 17,431.1 4.99% 4,851.6 5,132.9 5,480.8 5,408.4 4,451.4 6,120.9 7,017.0 8,428.7 8.21% -0.06% 0.05% 1.73% 4.14% 10.65% Growth Rate (2016-2023) of Top Global Exporters of Textile Fabrics Laminated with Plastics (HS CODE 5903) (in %) 12.00% 10.65% 10.00% 8.21% 8.00% 6.00% 4.99% 4.14% 4.00% 1.73% 2.00% 0.05% 0.00% World China Germany USA Korea Italy India -2.00% -0.06% 22

25. Market Analysis Market Share (2023) for Top Global Exporters of Textile Fabrics Laminated with Plastics (HS CODE 5903) (in %) Netherlands 20.55% Belgium 38.36% Germany Switzerland 21.83% Italy India 6.60% 5.24% 6.78% Others 0.64% Overview The global market for textile fabrics laminated with plastics has steadily grown, driven by increasing demand for durable, multi-functional materials in various industries like fashion, automotive, and packaging. Leading players such as China and Germany have maintained strong positions, while emerging markets like India are demonstrating substantial growth. This trend presents a broader shift toward sustainable and advanced textiles. As demand for eco-friendly solutions rises, innovations such as recyclable fabrics and enhanced performance characteristics are likely to dominate the market. India’s Position India’s market share in the textile fabrics laminated with plastics segment exports has significantly improved, marking a sharp growth trajectory. With a growing focus on manufacturing high-quality, cost-effective laminated textiles, India is poised to capitalize on this trend. By expanding production capabilities, diversifying product offerings, and investing in R&D, India can further strengthen its position. India has the opportunity to become a leader in sustainable textile solutions by adopting cutting-edge technologies, tapping into eco-conscious markets, and enhancing the quality of its exports. 23

26. Market Analysis EXPORTS MARKETS EXPORTS MARKETS IN INDI DIAN AN TEXTILE FABRICS LAMINATED WITH PLASTICS (HS CODE 5903) Top Importers for Textile Fabrics Laminated with Plastics exported by India (HS CODE 5903) (US$ in Million) Importers World USA UAE Mexico Nepal Bangladesh 2016 115431 26850 18299 1564 1657 3115 2017 115067 29430 17583 192 2608 4193 2018 127910 49024 14544 110 4037 3489 2019 145015 58777 14619 9073 3538 5154 2020 211139 112328 13536 11512 3695 4251 2021 277126 187618 16044 9686 7096 5841 2022 2023(E) CAGR (%) 212152 278208 119559 183980 20046 20759 8463 8770 5761 7540 6917 7261 13.39% 31.64% 1.82% 27.93% 24.17% 12.85% 1 2 3 4 5 Growth Rate (2016-2023) for Textile Fabrics Laminated with Plastics exported by India (HS CODE 5903) (in %) 35.00% 31.64% 30.00% 27.93% 24.17% 25.00% 20.00% 13.39% 15.00% 12.85% 10.00% 5.00% 1.82% 0.00% World USA UAE Mexico Nepal Bangladesh 24

27. Market Analysis Market Share (2023) for Top Importers of Textile Fabrics Laminated with Plastics exported by India (HS CODE 5903) (in %) Overview India’s export market for textile fabrics laminated with plastics has shown remarkable growth, with a significant rise in demand from key importers. The global market reflects increasing interest in these products, particularly in the USA, UAE, and other emerging markets like Mexico and Nepal. As textile applications expand across industries, India has been able to leverage its competitive advantage of low-cost, high-quality manufacturing to meet the growing demand for laminated fabrics. The sector’s compounded annual growth rate (CAGR) of over 13% indicates strong global optimism for these textiles. India holds a dominant share of the global market, with the USA being the primary importer of its laminated textiles. The country’s export performance, particularly to the USA, is impressive, showing an extensive market presence. India’s position is further strengthened by increasing exports to the UAE, Mexico, Nepal, and Bangladesh. For continued growth, India could focus on enhancing trade relationships with these key importers and diversify product offerings to cater to changing consumer demands, especially in eco-friendly textiles. Furthermore, expanding into new international markets and boosting p r o d u c t i o n capabilities will provide India the opportunity to capture a larger global share of the growing laminated f a b r i c sector. 25

28. Market Analysis MARKET WATCH MARKET WATCH UNITED STATES UNITED STATES OF AMERICA OF AMERICA TEXTILE FABRICS LAMINATED WITH PLASTICS (HS CODE 5903) Exporters of (2016-23) for Textile Fabrics Laminated with Plastics imported by USA (HS CODE 5903) (US$ in Million) Rank Exportes World 1 India 2 Japan 3 Canada 4 China 5 Taiwan 2016 1011.4 50.8 111.6 173.1 233.5 66.2 2017 1087.9 94.7 109.7 169.4 259.8 67.1 2018 1136.9 88.9 120.3 162.0 287.4 72.7 2019 1031.7 96.9 142.2 144.8 201.7 68.8 2020 854.2 100.0 122.4 104.3 162.7 62.8 2021 1157.8 180.7 191.0 143.9 201.2 77.6 2022 2023(E) CAGR (%) 1213.0 1433.8 187.7 243.9 187.3 231.7 142.9 168.9 220.2 252.2 95.5 111.3 5.11% 25.13% 11.01% -0.35% 1.11% 7.71% Growth Rate (2016-23) for Textile Fabrics Laminated with Plastics imported by USA (HS CODE 5903) (in %) 30.00% 25.13% 25.00% 20.00% 15.00% 11.01% 10.00% 7.71% 5.11% 5.00% 1.11% 0.00% World India Japan Canada China Taiwan -5.00% -0.35% 26

29. Market Analysis Market Share of Exporters (2023) for Textile Fabrics Laminated with Plastics imported by USA (HS CODE 5903) (in %) India 17.01% Japan 29.69% Canada 16.16% China Taiwan 7.76% Others 11.78% 17.59% Overview The market for textile fabrics laminated with plastics has witnessed steady growth, driven by global demand for durable, high-quality fabrics used in various industries, including automotive, c o n s t r u c t i o n , and fashion. The United States remains a key importer, with the market showing a steady CAGR, indicating resilience despite economic shifts. The primary exporters have seen fluctuating growth rates, with India showing i m p r e s s i v e performance in the last few years. The overall market trend s u g g e s t s increasing diversification in global s u p p l y chains and technological advancements in fabric production. India’s Position India has emerged as a strong competitor in the textile laminated fabric market, with a significant growth rate surpassing other major exporters. Its growth trajectory reflects a combination of cost-effective manufacturing, strategic trade agreements, and a shift towards sustainable, innovative textiles. To further enhance exports, India can focus on improving product quality, increasing investments in R&D, and capitalizing on eco-friendly textiles that align with global sustainability trends. With the right strategic push, India can expand its share by tapping into emerging markets and strengthening its technological capabilities. 27

30. Market Analysis MARKET WATCH MARKET WATCH AUSTRALIA AUSTRALIA TEXTILE FABRICS LAMINATED WITH PLASTICS TEXTILE FABRICS LAMINATED WITH PLASTICS (HS CODE 5903) (HS CODE 5903) Exporters of (2016-23) for Textile Fabrics Laminated with Plastics imported by Australia (HS CODE 5903) (US$ in Million) Exporters World Netherlands Belgium UK France India 2016 12.7 9.7 8.3 1.8 1.9 2.3 1.6 0.9 0.9 0.6 0.5 1.2 0.4 0.8 0.9 0.1 0.1 0.0 2017 2018 2019 2020 2021 2022 2023 (E) 9.1 8.1 CAGR (%) -3.79% 10.08% -3.66% 4.91% -12.76% 13.13% 1 2 3 4 7 6.0 8.0 2.5 2.1 3.0 3.3 0.7 1.1 1.1 1.1 0.8 0.8 1.0 0.7 0.6 0.6 0.2 0.2 0.1 0.2 9.7 3.5 1.2 0.8 0.2 0.2 0.4 0.2 Growth Rate (2016-23) for Textile Fabrics Laminated with Plastics imported by Australia (HS CODE 5903) (in %) 15.00% 13.13% 10.08% 10.00% 4.91% 5.00% 0.00% World Netherlands Belgium UK France India -5.00% -3.66% -3.79% -10.00% -12.76% -15.00% 28

31. Market Analysis Market Share of Exporters (2023) for Textile Fabrics Laminated with Plastics imported by Australia (HS CODE 5903) (in %) 1.82% 1.55% 8.08% Netherlands Belgium 12.79% UK France 36.63% India Overview The Australian market for textile fabrics laminated with plastics has seen a steady decline, with the overall import value decreasing over the years. However, specific countries like the Netherlands have shown growth, driven by strategic trade advantages. Despite the global downturn, Australia’s demand for high-quality laminated textiles remains, with some countries continuing to maintain consistent shipments. The market’s negative CAGR suggests a shift towards more specialized and sustainable textile products. India’s Position India’s share in Australia’s textile fabric laminated imports remains relatively small, but its growth rate stands out. While the market shows a decline for most countries, India’s exports have maintained positive growth, signaling potential opportunities. By focusing on high-demand, eco-friendly textiles, enhancing production capabilities, and improving trade relationships, India could gradually increase its share in this niche market. Investing in advanced manufacturing techniques and expanding sustainable product lines can further bolster India’s position. 29

32. Market Analysis GL BAL SYNTHETIC LEATHER MARKET ANALYSIS A $69.8 Billion Opportunity by 2028 (Source: Data from Global Synthetic Leather Market by Technavio, provided by EMIS/CEIC and Analysis by TBD) 2028 (F) Market Size 69.8 ($ Billion) 2023 Market Size 44.5 ($ Billion) CAGR (2023-2028) 9.40% Synthetic Leather Products (Handbags,Jackets, Shoes,In Sofas, Chairs, Bed frame, Car seats, Dashboards, Steering wheel covers) 30

33. Market Analysis Global Synthetic Leather Market Analysis: A $69.8 Billion Opportunity by 2028 Year Market Size ($ bn) 2023 44.5 2024 48.2 2025 52.5 2026 57.4 2027 63.1 2028 69.8 80 69.8 70 63.1 57.4 60 52.5 48.2 50 44.5 40 30 20 10 0 2023 2024 2025 2026 2027 2028 The global synthetic leather market has seen robust growth, driven by rising consumer demand for eco-friendly and cost-effective alternatives to genuine leather. Synthetic leather accounts for a significant share in the fashion, automotive, and furniture industries due to its versatility, durability, and ease of maintenance. Innovations in synthetic leather production, such as bio-based and plant-based materials, have enhanced sustainability. Additionally, increasing awareness of animal rights and growing environmental concerns are pushing industries to shift towards synthetic leather alternatives. The automotive sector is experiencing a surge in demand for synthetic leather due to its affordability, aesthetic appeal, and lighter weight, which enhances fuel efficiency. Furthermore, advancements in manufacturing technology, such as the use of polyurethane (PU) and polyvinyl chloride (PVC), have improved the look and feel of synthetic leather, making it more competitive with natural leather. Challenges remain in the market, including concerns about the long-term environmental impact of certain synthetic materials. However, a shift toward greener alternatives, such as plant-based synthetics, is expected to alleviate these concerns. 31

34. Market Analysis PRODUCT WISE ANALYSIS OF GLOBAL SYNTHETIC LEATHER MARKET Segment Share (%) 2023 24.0% 9.7% 66.3% PU-based Bio-based PVC-based Market Classifjcation of Synthetic Leather Market PU-based PVC-based Bio-based 2028 21.2% 67.80% 11.0% 2027 21.9% 67.50% 10.6% 2026 22.5% 67.20% 10.3% 2025 23.0% 66.90% 10.1% 2024 66.40% 23.7% 10.0% 2023 24.0% 66.30% 9.7% Growth Rate 2023-2028 (% CAGR) of Synthetic Leather Market Bio-based 12.4% PVC-based 6.7% PU-based 9.9% 32

35. Market Analysis PU-based Synthetic Leather: Growth Trends and Projections ($ Billion) CAGR (2023- 2028) 9.90% 47.3 50.0 42.6 45.0 38.6 40.0 35.1 32.0 35.0 29.5 30.0 25.0 20.0 15.0 10.0 5.0 0.0 2023 2024 2025 2026 2027 2028 PVC-based Synthetic Leather: Growth Trends and Projections ($ Billion) CAGR (2023- 2028) 6.7% 16 14.8 13.8 14 12.9 12.1 11.4 12 10.7 10 8 6 4 2 0 2023 2024 2025 2026 2027 2028 Bio-based Synthetic Leather: Growth Trends and Projections ($ Billion) CAGR (2023- 2028) 12.40% 9 7.7 8 6.7 7 5.9 6 5.3 4.8 5 4.3 4 3 2 1 0 2023 2024 2025 2026 2027 2028 33

36. Market Analysis The global synthetic leather market is segmented based on the type of materials used, including PU-based, PVC- based, and Bio-based synthetic leathers, each offering unique characteristics and meeting specific consumer needs. PU-based Synthetic Leather: Polyurethane-based synthetic leather dominates the market due to its high-quality finish, flexibility, and resemblance to natural leather. It is widely used in the fashion industry, particularly for accessories and clothing. The demand for PU-based synthetic leather is growing, driven by its affordability compared to genuine leather and its eco-friendliness compared to PVC-based alternatives. PVC-based Synthetic Leather: Polyvinyl chloride (PVC)-based synthetic leather is widely used in the automotive, upholstery, and footwear industries. While PVC synthetic leather is cost-effective and durable, it faces criticism due to its environmental impact, particularly in the production and disposal phases. The use of PVC-based leather is gradually declining as consumers and industries demand more sustainable options. Bio-based Synthetic Leather: Bio-based synthetic leather is gaining significant traction in the market due to increasing consumer awareness about sustainability and environmental concerns. Derived from renewable sources such as plant-based materials, bio-based leather offers a more eco-friendly alternative to traditional synthetics. This segment is growing rapidly, especially in fashion and automotive sectors, as brands seek greener alternatives to align with consumer demand for ethical products. Bio-based leathers are often biodegradable and contribute to a reduced carbon footprint, making them a key player in the future of sustainable materials. END-USER SEGMENTS ANALYSIS OF FOR GLOBAL SYNTHETIC LEATHER MARKET: KEY TRENDS AND INSIGHTS 2028 40.80% 21.20% 19.10% 12.80% 6.10% 2027 40.30% 21.60% 18.90% 13.00% 6.20% 2026 39.90% 22.10% 18.90% 13.20% 5.90% 2025 39.40% 22.10% 18.90% 13.30% 6.30% 2024 39.00% 22.40% 18.90% 13.50% 6.20% 2023 38.40% 22.70% 18.90% 13.70% 6.30% Footwear Industry Others Furnishing Industry Bags Industry Automotive Industry 34

37. Market Analysis Footwear industry Market size and forecast 2023-2028 ($ billion) CAGR (2023- 2028) 10.8% 28.5 30 25.4 25 22.9 20.7 18.8 20 17.1 15 10 5 0 2023 2024 2025 2026 2027 2028 Furnishing industry Market size and forecast 2023-2028 ($ billion) CAGR (2023- 2028) 7.9% 16 14.8 13.6 14 12.5 11.6 12 10.8 10.1 10 8 6 4 2 0 2023 2024 2025 2026 2027 2028 35

38. Market Analysis Automotive industry Market size and forecast 2023-2028 ($ billion) CAGR (2023- 2028) 9.0% 13.3 14 11.9 12 10.8 9.9 10 9.1 8.4 8 6 4 2 0 2023 2024 2025 2026 2027 2028 Bags industry Market size and forecast 2023-2028 ($ billion) CAGR (2023- 2028) 10.8% 5 4.3 4.5 4.0 4 3.6 3.3 3.5 3.0 2.8 3 2.5 2 1.5 1 0.5 0 2023 2024 2025 2026 2027 2028 36

39. Market Analysis End-User Segment of Synthetic Leather Market Analysis:- Footwear Industry: The footwear sector is one of the largest end-users of synthetic leather, with PU-based materials being the most popular due to their lightweight, durability, and aesthetic appeal. PU-based leather is commonly used in both high-end and affordable footwear, while PVC-based synthetic leather is found in lower-cost shoes. The demand for bio-based synthetic leather is rising in eco-conscious consumer segments, particularly in the premium footwear market. Furnishing Industry: Synthetic leather is widely used in the furniture industry for upholstery, where PU-based and PVC-based materials are favored for their easy maintenance and durability. PU-based leather is increasingly being preferred for premium furniture, offering a high-end look and feel. Bio-based options are emerging as an eco- friendly choice in premium furnishings, appealing to consumers focused on sustainability. Automotive Industry: In the automotive sector, synthetic leather plays a significant role in vehicle interiors, such as seats, door panels, and steering wheels. PU-based synthetic leather is in high demand due to its comfort, durability, and cost-effectiveness. PVC-based leather is used in lower-end models, while bio-based synthetic leather is gaining traction in environmentally-conscious automotive brands focusing on sustainable materials. Bags Industry: Synthetic leather is widely used in the production of bags, including handbags, backpacks, and travel bags. PU-based leather dominates this segment for its stylish appearance and versatility, while PVC-based leather is used in more affordable bags. Bio-based leather is becoming popular in the luxury segment, where consumers demand sustainable alternatives without compromising on aesthetics and performance. GEOGRAPHICAL ANALYSIS OF GLOBAL SYNTHETIC LEATHER MARKET APAC North America Europe South America Middle East & Africa 2028 3.20% 17.80% 23.60% 52.70% 2.70% 2027 3.20% 17.70% 24.40% 52.10% 2.50% 2.40% 2026 3.10% 17.80% 25.10% 51.60% 2025 3.00% 17.70% 25.70% 51.20% 2.30% 2024 3.10% 17.60% 26.30% 50.60% 2.30% 2.20% 2023 3.10% 17.50% 27.00% 50.10% 37

40. Market Analysis IN INDI SYNTHETIC LEATHER DIAN AN MARKET ANALYSIS (2020–2028) A USD 5,024.3 Million Opportunity with a CAGR of 9.17% (Source: Data from Global Synthetic Leather Market by Technavio, provided by EMIS/CEIC and Analysis by TBD) CAGR (2020-28) 2020 2021 2022 2023 2024 2025 2026 2027 2028 PU Synthetic Leather PVC Synthetic Leather Bio- Leather Total 1,397.5 1,534.4 1,686.2 1,854.4 2,045.5 2,258.8 2,457.1 2,704.4 2,947.7 9.78% 1,098.6 77.6 2,490.5 1,015.3 1,189.9 84.7 2,717.8 1,289.7 92.4 2,968.5 1,402.1 109.9 3,557.5 1,525.9 119.9 3,904.5 1,650.1 135.8 4,243.0 1,790.4 142.4 4,637.3 1,920.8 155.8 5,024.3 8.30% Based 100.7 9.10% 3,244.9 9.17% Indian Synthetic Leather Market (2020–2028) in USD Million 6,000.0 5,024.0 5,000.0 4,637.3 4,243.0 3,904.5 4,000.0 3,557.5 3,244.9 2,490.5 2,717.8 2,968.5 3,000.0 2,000.0 1,000.0 - 2020 2021 2022 2023 2024 2025 2026 2027 2028 38

41. Market Analysis Growth Rate (2020-2028) Indian Synthetic Leather Market (USD MILLION) 10.00% 9.78% 9.50% 9.17% 9.10% 9.00% 8.50% 8.30% 8.00% 7.50% PU Synthetic Leather PVC Synthetic Leather Bio- Based Leather Total India, a nation marked by rising consumption and increasing purchasing power, is witnessing rapid growth in its synthetic leather industry, driven by several government initiatives. With synthetic leather accounting for 80% of the total leather product manufacturing, the sector is becoming a pivotal contributor to the country’s economy. In recent years, the influx of cheap products from China has significantly impacted India’s domestic market. This challenge has prompted the Indian government to implement protective measures to support local producers, fostering an environment that encourages domestic production of synthetic leather. These efforts have not only bolstered local manufacturing but also positioned India as a key exporter to regions including the U.S., the Middle East, Germany, and Russia. However, the competitive pricing from China remains a formidable challenge for the Indian leather industry. To further strengthen the sector, the Indian government is offering various incentives to domestic manufacturers. Initiatives such as the development of leather parks are being undertaken to provide state-of- the-art infrastructure, enhancing the production capabilities of local manufacturers. Kozhikode, in particular, is emerging as a significant manufacturing hub for synthetic leather in India. This region is becoming instrumental in supporting the footwear industry through exports to foreign markets. As India continues to expand its synthetic leather production, the country is poised to play a more dominant role in the global market, driven by innovation, government support, and an evolving industrial landscape. 39

42. Market Analysis 40

43. Market Analysis 41

44. Technology Junction TECHNOLOGICAL ADVANCEMENT TECHNOLOGICAL ADVANCEMENT IN SYNTHETIC LEATHER IN SYNTHETIC LEATHER MANUFACTURING MANUFACTURING Synthetic leather, a versatile and eco-friendly alternative Microfjber Coating Technology to natural leather, is experiencing a surge in demand due to its wide range of applications in fashion, automotive, Microfiber coating technology is a game-changer in upholstery, and sports equipment. The manufacturing synthetic leather production, offering unparalleled of synthetic leather has been revolutionized by quality and performance. This advanced technique advancements in machinery and technology. Two involves the precise layering of microfibers to mimic the latest and most impactful Cutting –Edge technologies structure of natural leather, creating a product that is reshaping the industry: Microfiber Coating Technology both durable and aesthetically appealing. Features: and Laser-Engraving Machinery. High Precision Layering: The machinery employs nanotechnology to coat microfibers with polyurethane (PU) or polyvinyl chloride (PVC), ensuring uniformity and thickness. Enhanced Texture: Microfibers provide a soft, supple feel while maintaining tensile strength and durability, making the synthetic leather ideal for applications requiring a premium finish. Eco-Friendly Production: Modern microfiber coating machines consume less energy and generate minimal waste, aligning with sustainability goals. 42

45. Technology Junction High-Speed Processing: Laser-engraving machines Applications Advantages operate at incredible speeds, reducing production •Automotive Upholstery: Used for car seats and interiors due to its wear resistance and luxurious feel. •Exceptional durability resistance to wear and tear. times while maintaining high-quality outputs. and Custom Design Capability: Enables manufacturers to produce unique, customizable designs, catering to niche markets and high-end clients. •High resistance to water and UV rays. •Fashion Accessories: Preferred handbags, shoes, and belts, where softness durability paramount. Eco-Friendly Marking: Unlike traditional methods, •Customizable finishes, allowing for diverse textures and colors. laser engraving does not require dyes or chemicals, for reducing environmental impact. and are Laser-Engraving Machinery Advantages Applications •Fashion Used to create detailed patterns on leather for handbags, wallets, and apparel. Industry: •Precision: intricate designs that are impossible traditional techniques. Achieves Laser-engraving technology has redefined how synthetic luxury with synthetic leather surfaces are decorated and finished. embossing This innovative machinery allows manufacturers to add intricate patterns, textures, and designs to synthetic leather with unmatched precision. Features: •Durability: designs are permanent and resistant to fading. Engraved •Interior Engraved leather is widely used in wall panels furniture, elegance to home and office spaces. Design: synthetic and •Versatility: Can handle different synthetic including PU and PVC variants.. adding types of leather, The integration of Microfiber Coating Technology and Laser-Engraving Machinery in synthetic leather manufacturing represents a leap forward in quality, efficiency, and customization. These technologies not only enhance the aesthetic and functional aspects of synthetic leather but also align with the industry’s growing emphasis on sustainability. As these innovations continue to evolve, they are set to redefine the future of synthetic leather, catering to the demands of modern consumers and industries alike. 43

46. Technology Junction LATEST INNOVATIONS LATEST INNOVATIONS IN SYNTHETIC LEATHER & IN SYNTHETIC LEATHER & Plastics-Enhanced Textiles Plastics-Enhanced Textiles In the ever-evolving world of textiles, synthetic leather Nanotechnology is revolutionizing synthetic leather and fabrics impregnated, coated, or laminated with by enhancing its properties. Nanoparticles integrated plastics have emerged as game-changers. These into the material improve durability, resistance to wear materials are redefining industries from fashion to and tear, and provide self-cleaning capabilities. These automotive, and their advancements are nothing short features make synthetic leather more appealing for of revolutionary. high-performance applications like automotive interiors and furniture. One of the most significant innovations in synthetic leather is the shift towards bio-based materials. The integration of smart technology in synthetic leather Traditional synthetic leather, often made from polyvinyl is paving the way for interactive textiles. Smart synthetic chloride (PVC) or polyurethane (PU), has faced criticism leather can change color, regulate temperature, or for its environmental impact. Recent advancements have even monitor health metrics. This innovation is finding led to the development of bio-based synthetic leathers applications in wearable technology and smart furniture derived from plant-based sources like pineapple leaves, Advancements in Textile Coating and Integration Techniques apple peels, and mushrooms. Recent advancements in coating techniques have revolutionized the textile industry, particularly in the application of plastics. These developments focus on creating thinner, more uniform coatings that enhance fabric properties without sacrificing softness or breathability. Plasma coating, a cutting-edge method, applies a thin plastic layer using plasma technology, improving fabric performance by enhancing water resistance and stain repellency while retaining the fabric’s natural feel. 44

47. Technology Junction Eco-coating solutions have emerged as a sustainable economy. Closed-loop recycling systems play a pivotal alternative, utilizing water-based and solvent-free role in this transformation by ensuring that materials can technologies to reduce the environmental impact of be repurposed into new products, thereby minimizing coated textiles. These eco-friendly advancements align the reliance on virgin resources. with the growing demand for sustainable practices in textile manufacturing. The use of upcycled materials is gaining traction among brands, who are turning industrial waste into high-quality products with a markedly lower environmental footprint. This approach not only addresses waste reduction but also offers consumers eco-friendly alternatives without compromising on quality. Parallel to these efforts, the development of biodegradable and compostable synthetic leathers and plastic coatings marks a significant stride toward sustainability. These materials are designed to break down naturally at the end of their lifecycle, substantially reducing their environmental impact. High-performance laminates have also made significant strides, especially in outdoor and sportswear. These laminates offer superior waterproofing, breathability, and flexibility, making them ideal for high-performance apparel. The incorporation of graphene into laminates further enhances fabric properties, providing exceptional thermal conductivity and strength, which are crucial for extreme weather conditions. The integration of 3D printing with textiles impregnated with plastics has opened new avenues in fashion and industrial design. This innovative approach allows for the creation of complex, customized patterns, textures, and functionalities, broadening the scope of what textiles can achieve. As these technologies continue to evolve, the potential for unique, high-performance textile applications grows, driving the industry toward a future of enhanced functionality and sustainability. Sustainable sourcing is another critical area of Sustainability in Synthetic Leather and Plastic-Coated Textiles innovation, with a focus on utilizing recycled plastics and bio-based polymers. These eco-friendly raw materials contribute to reducing dependency on fossil fuels and The textile industry is undergoing a transformative lower greenhouse gas emissions, further enhancing the shift towards sustainability, with a strong emphasis sustainability of synthetic leather and plastic-coated on recycling and upcycling synthetic leather and textiles. Together, these advancements are setting new plastic-coated textiles. Innovative processes are being benchmarks for an environmentally conscious textile developed to break down and reuse these materials, industry, paving the way for a more sustainable future. significantly reducing waste and promoting a circular 45

48. Technology Junction The latest innovations in synthetic leather and textile fabrics impregnated, coated, or laminated with plastics are revolutionizing multiple industries. These materials are not only enhancing performance and aesthetics but also driving sustainability. As technology continues to evolve, the potential for further innovation is vast, promising a future where these advanced materials play a pivotal role in creating a more sustainable and functional world. Challenges in Synthetic Leather and Plastic-Coated Textiles While significant strides have been made in synthetic leather and plastic-coated textiles, several challenges persist. Technical hurdles such as scalability, cost, and the delicate balance between performance and sustainability remain critical areas requiring ongoing research and development. Overcoming these challenges is essential to fully realize the potential of these advanced materials. The regulatory landscape is also evolving, with increasingly stringent standards for synthetic materials across various industries. Companies must stay proactive in understanding and complying with these regulations to maintain market competitiveness and ensure their products meet the necessary criteria for safety and environmental impact. Looking ahead, the future of synthetic leather and plastic-coated textiles is bright, with promising innovations on the horizon. The integration of artificial intelligence and machine learning is set to revolutionize material optimization and production processes, enhancing efficiency and product performance. Moreover, the exploration of new bio-based polymers and nanocomposites offers exciting possibilities for creating even more sustainable and high-performing materials. As these technologies develop, they are poised to redefine the industry, driving it toward a more innovative and sustainable future. 46

49. Technology Junction Place to get new Business ideas. Member Family 47

50. Technology Junction SNAP PAP: SNAP PAP: AN INNOVATIVE AN INNOVATIVE RAW MATERIAL RAW MATERIAL Snap Pap is an innovative, sustainable raw material designed to mimic the feel and look of leather without using any animal products. Made primarily from cellulose fibers, Snap Pap is a form of paper that is engineered to offer durability, flexibility, and texture comparable to traditional leather. It is a fully biodegradable material that can be used in various applications, including synthetic leather production, accessories, and fashion items. Snap Pap is gaining attention in the textile and fashion industries for its sustainable nature and versatility, offering an eco-friendly alternative to petroleum-based synthetic leathers like PVC and PU. Manufacturing Process of Snap Pap: The production of Snap Pap involves several key steps to transform cellulose fibers into a material with leather-like characteristics: Preparation of Raw Materials: Snap Pap starts with cellulose, a natural polymer found in plant fibers such as wood, cotton, or hemp. This cellulose is extracted and refined to prepare it for processing into paper. Blending with Special Additives: To enhance its flexibility and durability, the cellulose fibers are mixed with specific additives. These can include resins, waxes, and natural oils, which allow the material to mimic the softness and pliability of leather. Unlike conventional paper, these additives help create a product that is more robust and resistant to wear. Forming the Sheet: The mixture is formed into thin sheets, much like traditional papermaking processes. However, instead of just being dried, the sheets are treated to improve their mechanical properties. Curing and Finishing: The paper-like sheets are then treated to add water resistance, flexibility, and texture. The curing process hardens the material, making it more durable and leather-like. After curing, Snap Pap is often embossed with patterns or textures to simulate natural leather grains, adding to its visual appeal. Coloration and Surface Treatment: Snap Pap can be dyed in a variety of colors and finishes, from matte to glossy, depending on the desired outcome. The surface is also treated to enhance its aesthetic qualities, giving it the appearance of genuine leather. 48