Latin America Injection Molded Plastic Market Size & Outlook
Latin America injection molded plastic market, 2019-2030 (US$M)
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Latin America injection molded plastic market highlights
- The Latin America injection molded plastic market generated a revenue of USD 18,957.5 million in 2023.
- The market is expected to grow at a CAGR of 2.4% from 2024 to 2030.
- In terms of segment, polypropylene was the largest revenue generating raw material in 2023.
- Polypropylene is the most lucrative raw material 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 18,957.5 million |
| Market revenue in 2030 | USD 22,335.9 million |
| Growth rate | 2.4% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polypropylene |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene, Acrylonitrile butadiene styrene, High-density polyethylene, Polystyrene, Other Raw Materials |
| Key market players worldwide | Exxon Mobil Corp, Basf SE, DuPont de Nemours Inc, Dow Inc, Huntsman Corp, Eastman Chemical Co, INEOS, LyondellBasell Industries NV Class A, SABIC, Magna International Inc, IAC Inc Ordinary Shares - New, Berry Global Group Inc, HTI Plastics, AptarGroup Inc, The Rodon Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.7% of the global injection molded plastic 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 181,994.6 million by 2030.
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Injection Molded Plastic Market Scope
Injection Molded Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America injection molded plastic 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 injection molded plastic market will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 34.17% in 2023. Horizon Databook has segmented the Latin America injection molded plastic market based on polypropylene, acrylonitrile butadiene styrene, high-density polyethylene, polystyrene, other raw materials covering the revenue growth of each sub-segment from 2019 to 2030.
Central & South America is expected to grow substantially through the forecast period. Changing consumer preferences, low production cost, rapid industrialization, and increasing disposable income are factors anticipated to drive the economic growth of the region over the next few years.
This, in turn, is projected to fuel the demand for plastic compounding in the region over the forecast period. The recovering residential building & construction sector in Central & South America is also driving the demand for related materials and components.
Significant new investments in housing and public works are expected to boost infrastructure growth in Colombia, thereby, augmenting product demand over the next seven years. Bogota Urban Renewal project consists of 50 skyscrapers, 500 high rises, subway system.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America injection molded plastic market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America injection molded plastic market outlook size, by country, 2019-2030 (US$M)
Latin America Injection Molded Plastic Market Outlook Share, 2023 & 2030 (US$M)
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