Brazil has been ranked the third-most affected economy due to the COVID-19 pandemic globally. In South America, Brazil has the highest number of COVID-19 cases, followed by Argentina, Colombia, Peru, and Chile. The governments in South America have taken various actions to protect their citizens and combat the spread of the COVID-19 virus through lockdowns, trade bans, and travel restrictions. The synthetic leather market has been affected by the economic downturn. The pandemic has had an immense impact on the economic sector, including automotive and footwear industries. However, many countries have restarted their economic activities. In some areas of Brazil, vehicle production levels are almost back to the levels of prior years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the synthetic leather market. The SAM synthetic leather market is expected to grow at a good CAGR during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1360.24 Million |
| Market Size by 2028 | US$ 1946.85 Million |
| CAGR (2021 - 2028) | 5.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Synthetic Leather Market is valued at US$ 1360.24 Million in 2021, it is projected to reach US$ 1946.85 Million by 2028.
As per our report South America Synthetic Leather Market, the market size is valued at US$ 1360.24 Million in 2021, projecting it to reach US$ 1946.85 Million by 2028. This translates to a CAGR of approximately 5.3% during the forecast period.
The South America Synthetic Leather Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Synthetic Leather Market report:
The South America Synthetic Leather Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Synthetic Leather Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Synthetic Leather Market value chain can benefit from the information contained in a comprehensive market report.
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