Polyurethane leather market in Latin America is witnessing considerable growth due to the increase in synthetic alternatives and the growth of the automotive industry

El nuevo studio de Informes de Expertos titulado “El Mercado Latinoamericano de Cuero de Poliuretano, Informe y Pronóstico 2021-2026”, offers a deep analysis of the mercado, evaluándolo por la application, el canal de ventas, y las regiones clave. El informs analyze los factors clave de éxito y las limitations, también rastrea las últimas tendencias en la industria y estudia su impacto en el mercado general. Además, the study evaluated the dynamics of the mercado, analizando los indicators clave de demande y precios, junto con el análisis del mercado basado en los models SWOT y Porter de las cinco Fuerzas.

The new report of Informes de Expertos entitled “Latin America Polyurethane Leather Market Report and Forecast 2021-2026‘, gives an in-depth analysis of the Latin America polyurethane leather market, assessing the market based on application, sales channel and key regions. The report analyzes key success factors and restraints, tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

Get Free Sample Report with Table of Contents – https://www.informesdeexpertos.com/informes/mercado-latinoamericano-de-cuero-de-poliuretano/solicitar-una-muestra

Key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): X%

The market has witnessed considerable growth owing to the increase in synthetic alternatives and growing application in the footwear industry in the region. However, Covid-19 had a significant impact on shoe sales as, with the imposition of restrictions, non-essential outlets were closed due to the lockdown. However, a recovery is expected over the forecast period as these restrictions are gradually lifted.

Read the full report with table of contents – https://www.informesdeexpertos.com/informes/mercado-latinoamericano-de-cuero-de-poliuretano

In addition, the increase in the standard of living of people and the increase in disposable income are factors that contribute to an increased desire to buy bags, purses, wallets, clothes and other products of luxury. This, in turn, helps the polyurethane leather market in Latin America.

In addition, the emission of dioxins is also regulated by the government as it demonstrates adverse effects on human health including cancer, Diabetes, infertility, miscarriage, skin diseases, etc. This increases the demand for polyurethane leather as it acts as an environmentally friendly substitute for polyvinyl chloride as it does not emit dioxins. These regulations are therefore fueling the growth of the polyurethane market in this region.

Industry definition and major segments

Polyurethane leather (PU leather) is an artificial/synthetic leather made from thermoplastic polymer. Unlike genuine leather, which is obtained from animal skin, polyurethane leather is considered an imitation of real leather without involving animal skin. In comparison, polyurethane leather is cheaper, lighter, more durable, raincoat, and resistant to sunlight. However, it is not as breathable as real leather.

By Application, the market is split into:

  • Shoe
  • Furnishing
  • Automotive
  • Clothes
  • Bags and wallets
  • Sports
  • Electronic
  • Others

On the basis of sales channel, the market is split into:

  • OEM (original equipment manufacturer)
  • after sale

Key regions covered include:

  • Brazil
  • Argentina
  • Mexico
  • Others

Market trends

The growth of the automotive industry gives a significant boost to the demand for polyurethane leather as it finds various applications in this segment. It is used for a wide range of seats, doors, consoles and other interior surface applications. The profitability of polyurethane leather is increasing its employability in the automotive industry, which in turn is fueling the growth of the market.

Additionally, people are becoming aware of animal rights and are more and more willing to use products that do not involve animal cruelty. In such a scenario, PU leather acts as an ethical substitute for pure leather, and in fact, 100% PU is considered vegan. Other properties of PU leather such as high tensile strength, ability to blend into different colors, low water absorption quality, etc. add to its popularity and drive the growth of the market .

Additionally, the demand for PU leather is increasing as the automotive, footwear, apparel, bags and wallets segments are witnessing an increasing demand for products with premium appearance and smooth texture. This, in turn, also contributes to the growth of industry in this region.

Main market players

The main market players are:

  • Stahl Holdings B.V.
  • Ocean Plastic Co., Ltd.
  • DOW Chemical Company
  • BZ Leather Company
  • DAEWON chemical
  • Others

This report covers market shares, expansions, investments, and mergers and acquisitions, among other latest developments of these industry players.

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Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consulting services to a wide client base in Spanish-speaking countries. Focusing primarily on the Latin American and Spanish markets, our research experts provide relevant and actionable market insights and track key trends, economic developments and global trade data.

Determined to bring client satisfaction, we ensure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and custom research reports cover a wide range of industries from pharmaceuticals and food and beverages to packaging, logistics and transportation.

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