South America Synthetic Leather Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Polyurethane, Polyvinyl Chloride, Silicone, and Others) and Application (Footwear, Furniture, Automotive, Clothing, Stationery Goods, and Others)
The synthetic leather market in SAM is expected to grow from US$ 1360.24 million in 2021 to US$ 1946.85 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.
Synthetic leather is extremely popular these days. It is used in various industries, including footwear, clothing, furniture, and automotive. The most common use of synthetic leather is in clothing, luggage, and cases. There is increasing use of synthetic leather in jackets, coats, handbags, purses, belts, etc. Moreover, there is a high demand for synthetic leather in the footwear industry. In the footwear industry, synthetic leather is frequently used in shoes. Synthetic leather is suitable for shoes due to its low cost, abrasion resistance, and water resistance. Synthetic leather has become more popular for furniture items. Synthetic leather is used for upholstery purposes, such as covering chairs, lining the tops of writing desks and tables. It is commonly used in sofas, chairs, headboards, etc. As synthetic leather is available in various colors, styles, textures, and patterns, it is increasingly used in decorating residential or commercial interiors. This is further fueling the growth of the synthetic leather market. Synthetic leather is used in the automotive industry, especially in making automotive interiors. Synthetic leather is used for car seating as it helps in cost reduction. The demand for automotive interior materials is increasing with the growing automotive industry. Hence, the increase in demand for synthetic leather from various end-use industries such as footwear, furnishing, clothing, and automotive is driving the synthetic leather market.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.
SAM Synthetic Leather Market Revenue and Forecast to 2028 (US$ Million)
SAM Synthetic Leather Market Segmentation
SAM Synthetic Leather Market – By Type
- Polyurethane
- Polyvinyl Chloride
- Silicone
- Others
SAM Synthetic Leather Market – By Application
- Footwear
- Furniture
- Automotive
- Clothing
- Stationery Goods
- Others
SAM Synthetic Leather Market- By Country
- Brazil
- Argentina
- Rest of SAM
SAM Synthetic Leather Market-Companies Mentioned
- BASF SE
- KURARAY CO., LTD.
- San Fang Chemical Industry Co., Ltd
- Teijin Limited
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM Synthetic Leather Market, by Type
1.3.2 SAM Synthetic Leather Market, by Application
1.3.3 SAM Synthetic Leather Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
4. SAM Synthetic Leather Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Synthetic Leather Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Ascent in Demand from Various End-Use Industries
5.1.2 Advantages of Synthetic Leather
5.2 Market Restraints
5.2.1 Harmful Effects of PVC and PU and Durability Issues of Synthetic Leather
5.3 Market Opportunities
5.3.1 Growing Demand from Footwear Industry
5.4 Future Trends
5.4.1 Increasing Focus on Development of Bio-Based Leather
5.5 Impact Analysis of Drivers and Restraints
6. Synthetic Leather – SAM Market Analysis
6.1 Synthetic Leather Market Overview
6.2 SAM Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Mn)
7. SAM Synthetic Leather Market Analysis – By Type
7.1 Overview
7.2 SAM Synthetic Leather Market, By Type (2020 and 2028)
7.2.1 Polyurethane
7.2.1.1 Overview
7.2.1.2 Polyurethane: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.2 Polyvinyl Chloride
7.2.2.1 Overview
7.2.2.2 Polyvinyl Chloride: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.3 Silicone:
7.2.3.1 Overview
7.2.3.2 Silicone: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.4 Others:
7.2.4.1 Overview
7.2.4.2 Others: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)
8. SAM Synthetic Leather Market Analysis – By Application
8.1 Overview
8.2 SAM Synthetic Leather Market, By Application (2020 and 2028)
8.2.1 Footwear
8.2.1.1 Overview
8.2.1.2 Footwear: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)
8.2.2 Furniture
8.2.2.1 Overview
8.2.2.2 Furniture: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)
8.2.3 Automotive
8.2.3.1 Overview
8.2.3.2 Automotive: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)
8.2.4 Clothing
8.2.4.1 Overview
8.2.4.2 Clothing: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)
8.2.5 Stationery Goods
8.2.5.1 Overview
8.2.5.2 Stationery Goods: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)
8.2.6 Others
8.2.6.1 Overview
8.2.6.2 Others: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)
9. SAM Synthetic Leather Market – Country Analysis
9.1 Overview
9.1.1 South America: Synthetic Leather Market, by Key Country
9.1.1.1 Brazil: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Synthetic Leather Market, By Type
9.1.1.1.2 Brazil: Synthetic Leather Market, by Application
9.1.1.2 Argentina: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Synthetic Leather Market, By Type
9.1.1.2.2 Argentina: Synthetic Leather Market, by Application
9.1.1.3 Rest of South America: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of South America: Synthetic Leather Market, By Type
9.1.1.3.2 Rest of South America: Synthetic Leather Market, by Application
10. Impact of COVID-19 on SAM Synthetic Leather Market
10.1 Overview
11. Industry Landscape
11.1 Product & Service Launch
12. Company Profiles
12.1 San Fang Chemical Industrial Co Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 KURARAY CO., LTD.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Teijin Limited
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 BASF SE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. SAM Synthetic Leather Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Argentina Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 5. Argentina Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. Rest of South America Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Rest of South America Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Glossary of Terms, SAM Synthetic leather Market
LIST OF FIGURES
Figure 1. SAM Synthetic Leather Market Segmentation
Figure 2. SAM Synthetic Leather Market Segmentation – By Country
Figure 3. SAM Synthetic Leather Market Overview
Figure 4. SAM Synthetic Leather Market, By Application
Figure 5. SAM Synthetic Leather Market, by Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Synthetic Leather Market - Ecosystem
Figure 8. Expert Opinion
Figure 9. SAM Synthetic Leather Market Impact Analysis of Driver and Restraints
Figure 10. SAM Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 11. SAM Synthetic leather Market Revenue Share, By Type (2020 and 2028)
Figure 12. SAM Polyurethane: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. Polyvinyl Chloride: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. Silicone: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. SAM Others: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. SAM Synthetic Leather Market Revenue Share, By Application (2020 and 2028)
Figure 17. SAM Footwear: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. SAM Furniture: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. SAM Automotive: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. SAM Clothing: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. SAM Stationery Goods: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. SAM Others: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. South America: Synthetic Leather Market, by Key Country-Revenue 2020 (US$ Million)
Figure 24. South America: Synthetic Leather Market Revenue Share, by Key Country (2020 and 2028)
Figure 25. Brazil: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Argentina: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of South America: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic on Synthetic Leather in South America
- BASF SE
- KURARAY CO., LTD.
- San Fang Chemical Industry Co., Ltd
- Teijin Limited
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM synthetic leather market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the SAM synthetic leather market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the synthetic leather market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution