Latin America Chemical Recycling Of Plastics Market Size & Outlook
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Latin America chemical recycling of plastics market highlights
- The Latin America chemical recycling of plastics market generated a revenue of USD 1,784.9 million in 2024.
- The market is expected to grow at a CAGR of 8.9% from 2025 to 2030.
- In terms of segment, depolymerization was the largest revenue generating type in 2024.
- Depolymerization 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 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 1,784.9 million |
| Market revenue in 2030 | USD 2,972.7 million |
| Growth rate | 8.9% (CAGR from 2025 to 2030) |
| Largest segment | Depolymerization |
| Fastest growing segment | Depolymerization |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Depolymerization, Dissolution, Conversion |
| Key market players worldwide | Agilyx ASA Ordinary Shares, Basf SE, INEOS, Veolia Environnement SA, Eastman Chemical Co, SABIC, LyondellBasell Industries NV Class A, Maire Tecnimont, Recycling Technologies, JEPLAN |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.4% of the global chemical recycling of plastics market in 2024.
- Globally, Europe 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 7,308.2 million by 2030.
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Chemical Recycling Of Plastics Market Scope
Chemical Recycling Of Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| JEPLAN | View profile | 101-250 | Tokyo, Tokyo, Japan, Asia | http://www.jeplan.co.jp/en |
| Recycling Technologies | View profile | 51-100 | Swindon, Wiltshire, United Kingdom, Europe | https://recyclingtechnologies.co.uk/ |
| Maire Tecnimont | View profile | 5001-10000 | Milan, Lombardia, Italy, Europe | https://www.mairetecnimont.com/en/home |
| Agilyx ASA Ordinary Shares | View profile | 114 | 13240 SW Wall Street, Tigard, OR, United States, 97223 | https://www.agilyx.com |
| INEOS | View profile | 10001+ | Rolle, Geneve, Switzerland, Europe | http://www.ineos.com/ |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| Eastman Chemical Co | View profile | 14000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | https://www.eastman.com |
| Veolia Environnement SA | View profile | 218288 | 30, rue Madeleine Vionnet, Aubervilliers, France, 93300 | https://www.veolia.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Latin America chemical recycling of plastics 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 chemical recycling of plastics market will help companies and investors design strategic landscapes.
Depolymerization was the largest segment with a revenue share of 46.21% in 2024. Horizon Databook has segmented the Latin America chemical recycling of plastics market based on depolymerization, dissolution, conversion covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America includes Argentina, Brazil, Chile, Colombia, Venezuela, Peru, Ecuador, and others. The emergence of construction companies in Chile and Peru is expected to create growth potential for the market over the forecast period.
The presence of various key plastic recycling players in the region, including The Sherwin-Williams Company, Akzo Nobel N.V., and RPM International, Inc., is expected to propel the demand for chemical-based plastic recycling.
The region is characterized by the presence of several foreign manufacturers of automotive such as BMW, Ford, General Motors, Honda, Hyundai, Mahindra, Mercedes-Benz, Mitsubishi, Nissan, Renault, Suzuki, Toyota, Volvo, and Volkswagen.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America chemical recycling of plastics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America chemical recycling of plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America chemical recycling of plastics market size, by country, 2018-2030 (US$M)
Latin America Chemical Recycling Of Plastics Market Outlook Share, 2024 & 2030 (US$M)
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