Latin America Epoxy Resin Market Size & Outlook, 2022-2030
Latin America epoxy resin market, 2019-2030 (US$M)
Related Markets
Latin America epoxy resin market highlights
- The Latin America epoxy resin market generated a revenue of USD 545.3 million in 2022.
- The market is expected to grow at a CAGR of 5.7% from 2023 to 2030.
- In terms of segment, paints & coatings was the largest revenue generating application in 2022.
- Construction is the most lucrative application segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2022 | USD 545.3 million |
| Market revenue in 2030 | USD 850.3 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Paints & coatings |
| Fastest growing segment | Construction |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Paints & Coatings, Wind Turbines, Composites, Construction, Electrical & Electronics, Adhesives |
| Key market players worldwide | 3M Co, Aditya Birla Group, Basf SE, Solvay SA, Huntsman Corp, Olin Corp, Sika AG, Nan Ya Plastics, China Petroleum & Chemical Corp Class H, Momentive, Kolon Industries, Nagase & Co Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.2% of the global epoxy resin market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 3,286.9 million by 2030.
Paints & coatings was the largest segment with a revenue share of 37.28% in 2022. Horizon Databook has segmented the Latin America epoxy resin market based on paints & coatings, wind turbines, composites, construction, electrical & electronics, adhesives covering the revenue growth of each sub-segment from 2019 to 2030.
The emergence of construction companies in Chile and Peru is expected to create growth potential for the epoxy resins market over the forecast period. The presence of various paint & coating key players in the region, including The Sherwin-Williams Company, AkzoNobel NV, and RPM International, Inc., is expected to propel the demand for epoxy resins.
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. Thus, the presence of various automotive manufacturers in the region is anticipated to drive the demand for epoxy-based automotive paints & coatings over the forecast period.
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Epoxy Resin Market Scope
Epoxy Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America epoxy resin market
Latin America Epoxy Resin Market Outlook Share, 2022 & 2030 (US$M)
Latin America epoxy resin market
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