Latin America Expanded Polystyrene Market Size & Outlook
Latin America expanded polystyrene market, 2018-2030 (US$M)
Related Markets
Latin America expanded polystyrene market highlights
- The Latin America expanded polystyrene market generated a revenue of USD 965.9 million in 2023.
- The market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, white was the largest revenue generating product in 2023.
- White is the most lucrative product 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 965.9 million |
| Market revenue in 2030 | USD 1,676.9 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | White |
| Fastest growing segment | White |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | White, Grey |
| Key market players worldwide | Atlas Roofing, Alpek SA Class A, Basf SE, Kaneka Corp, Sibur, TotalEnergies SE, Koch Industries, STMicroelectronics NV ADR, Ravago Chemicals, Eni, SABIC, SUTL Enterprise Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.0% of the global expanded polystyrene 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 8,280.4 million by 2030.
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Expanded Polystyrene Market Scope
Expanded Polystyrene Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America expanded polystyrene 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 expanded polystyrene market will help companies and investors design strategic landscapes.
White was the largest segment with a revenue share of 62.45% in 2023. Horizon Databook has segmented the Latin America expanded polystyrene market based on white, grey covering the revenue growth of each sub-segment from 2018 to 2030.
The Central & South America expanded polystyrene market is expected to witness substantial growth over the forecast period owing to the region’s economic growth in the past few years. Recovering residential building & construction sector in CSA is expected to fuel the demand for EPS in construction sector.
Significant new investments in housing and public works by the government and green building construction initiative are expected to boost infrastructural growth in Colombia, thereby propelling the demand for EPS over the forecast period.
Furthermore, the urban renewal project of Bogota, which includes 50 skyscrapers, 500 high-rise buildings, and a smart city, is meant to establish the city as the technological, financial, and industrial capital of Central & South America. Thus, the increasing number of infrastructure development projects in the region is expected to boost EPS market in Central & South America in the coming years.
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Our clientele includes a mix of expanded polystyrene market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America expanded polystyrene market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America expanded polystyrene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America expanded polystyrene market size, by country, 2018-2030 (US$M)
Latin America Expanded Polystyrene Market Outlook Share, 2023 & 2030 (US$M)
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