Latin America Marine Vinyl Market Size & Outlook
Latin America marine vinyl market, 2018-2030 (US$M)
Related Markets
Latin America marine vinyl market highlights
- The Latin America marine vinyl market generated a revenue of USD 10.0 million in 2023.
- The market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, cruise ships was the largest revenue generating end use in 2023.
- Sport Boats is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 10.0 million |
| Market revenue in 2030 | USD 14.7 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Cruise ships |
| Fastest growing segment | Sport Boats |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Yachts, Cruise Ships, Sport Boats, Other End Uses |
| Key market players worldwide | Herculite Products Inc, Uniroyal Global Engineered Products Inc, Ultrafabrics Holdings Co Ltd, Sunbrella, Swavelle, Charlotte Fabrics, Richloom Fabrics Group, Morbern, OMNOVA Solutions, Inc., Reliatex, BZ leather, Spradling International, Nassimi |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.9% of the global marine vinyl market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 58.7 million by 2030.
Cruise ships was the largest segment with a revenue share of 38% in 2023. Horizon Databook has segmented the Latin America marine vinyl market based on yachts, cruise ships, sport boats, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
Countries like Brazil, Argentina, Costa Rica, and the Caribbean nations are experiencing increased tourist influx owing to the popular beaches and marine recreational activities. Moreover, the cruise industry is expanding in the Caribbean as well as along the coastlines of Central and South America.
The tropical and subtropical climates of many Central and South American countries such as Panama, Guatemala, Colombia, and Peru, among others are characterized by high UV exposure, humidity, and saltwater.
Marine vinyl’s durability and resistance to UV rays, mildew, and saltwater make it an ideal choice for upholstery and flooring applications in these countries. Such factors are anticipated to boost the product demand over the coming years.
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Marine Vinyl Market Scope
Marine Vinyl Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America marine vinyl market size, by country, 2018-2030 (US$M)
Latin America Marine Vinyl Market Outlook Share, 2023 & 2030 (US$M)
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