Latin America Synthetic Leather Market Size & Outlook
Latin America synthetic leather market, 2018-2030 (US$M)
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Latin America synthetic leather market highlights
- The Latin America synthetic leather market generated a revenue of USD 3,053.3 million in 2023.
- The market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, pu synthetic leather was the largest revenue generating type in 2023.
- PU synthetic leather is the most lucrative type 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 3,053.3 million |
| Market revenue in 2030 | USD 5,403.9 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Pu synthetic leather |
| Fastest growing segment | PU synthetic leather |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PU synthetic leather, PVC Synthetic Leather, Bio-based Leather |
| Key market players worldwide | Kuraray Co Ltd, Air Water Inc, Teijin Ltd, Mayur Uniquoters, Nan Ya Plastics, H.R. Polycoats, Velcro, San Fang Chemical Industry |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.8% of the global synthetic leather market in 2023.
- Globally, Asia Pacific 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 31,566.5 million by 2030.
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Synthetic Leather Market Scope
Synthetic Leather Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America synthetic leather market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synthetic leather market will help companies and investors design strategic landscapes.
Pu synthetic leather was the largest segment with a revenue share of 54.05% in 2023. Horizon Databook has segmented the Latin America synthetic leather market based on pu synthetic leather, pvc synthetic leather, bio-based leather covering the revenue growth of each sub-segment from 2018 to 2030.
The Brazil leather industry is characterized by the abundant indigenous raw material supply coupled with substantial stock supply from neighboring countries, extensive production of footwear & leather goods, especially travel accessories, and strong connection with the U.S. leather market.
This has created lucrative growth opportunities for the overall synthetic leather market in the region. The CSA synthetic leather market is being negatively affected by the increasing global production of genuine leather.
The strengthening presence of genuine leather industry is negatively impacting the exports of synthetic leather. In addition, the ongoing health crisis and economic slowdown caused by the spread of coronavirus disease has further hampered the market growth in the region.
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Our clientele includes a mix of synthetic leather market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America synthetic leather market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America synthetic leather market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America synthetic leather market size, by country, 2018-2030 (US$M)
Latin America Synthetic Leather Market Outlook Share, 2023 & 2030 (US$M)
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