
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)
Description
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$ 1,360.24 million in 2021 to US$ 1,946.85 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028. There is a growing focus on making synthetic leather from natural resources. Many companies across the region are focusing on developing a new product that contains less plastic and high plants content. Plant-based leather is a new and emerging subset of synthetic leather created from plants, typically by waste plant material from other industries. It is made from various materials, such as pineapple, cactus, apple skins, grape, and cork. Plant-based leather promises to be a sustainable leather choice as it is conflicting cruelty-free, focuses on low environmental impact, minimizes plastic usage, and uses organic waste. Additionally, many consumer brands are investing in plant-based leather. Thus, the increasing focus on the development of bio-based leather would emerge as a trend in the synthetic leather market during the forecast period.
The polyurethane segment led the SAM synthetic leather market, based on type, in 2020. Polyurethane-based leather is created by coating a fabric such as polyester or cotton with a flexible polymer. It is then treated by various processes to make it look like real leather. Polyurethane-based leather is waterproof, lightweight, and soft. It does not fade or crack when exposed to sunlight. This synthetic leather does not require additional plasticizers as it is made by using soft polymers. Polyurethane upholstery is the realistic imitation of genuine leather in terms of surface feel and overall appearance. There is a high demand for polyurethane-based leather in the automotive and clothing industries.
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.
The overall SAM synthetic leather market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the SAM synthetic leather market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data as well as to gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the SAM synthetic leather market. BASF SE; KURARAY CO., LTD.; San Fang Chemical Industry Co., Ltd; and Teijin Limited are among the players operating in the market.
Reasons to Buy
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
The synthetic leather market in SAM is expected to grow from US$ 1,360.24 million in 2021 to US$ 1,946.85 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028. There is a growing focus on making synthetic leather from natural resources. Many companies across the region are focusing on developing a new product that contains less plastic and high plants content. Plant-based leather is a new and emerging subset of synthetic leather created from plants, typically by waste plant material from other industries. It is made from various materials, such as pineapple, cactus, apple skins, grape, and cork. Plant-based leather promises to be a sustainable leather choice as it is conflicting cruelty-free, focuses on low environmental impact, minimizes plastic usage, and uses organic waste. Additionally, many consumer brands are investing in plant-based leather. Thus, the increasing focus on the development of bio-based leather would emerge as a trend in the synthetic leather market during the forecast period.
The polyurethane segment led the SAM synthetic leather market, based on type, in 2020. Polyurethane-based leather is created by coating a fabric such as polyester or cotton with a flexible polymer. It is then treated by various processes to make it look like real leather. Polyurethane-based leather is waterproof, lightweight, and soft. It does not fade or crack when exposed to sunlight. This synthetic leather does not require additional plasticizers as it is made by using soft polymers. Polyurethane upholstery is the realistic imitation of genuine leather in terms of surface feel and overall appearance. There is a high demand for polyurethane-based leather in the automotive and clothing industries.
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.
The overall SAM synthetic leather market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the SAM synthetic leather market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data as well as to gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the SAM synthetic leather market. BASF SE; KURARAY CO., LTD.; San Fang Chemical Industry Co., Ltd; and Teijin Limited are among the players operating in the market.
Reasons to Buy
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
Table of Contents
82 Pages
- 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
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