Latin America Low Profile Additives Market Size & Outlook
Latin America low profile additives market, 2018-2030 (US$M)
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Latin America low profile additives market highlights
- The Latin America low profile additives market generated a revenue of USD 65.1 million in 2023.
- The market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, polyvinyl acetate (pvac) was the largest revenue generating product in 2023.
- Polyvinyl Acetate (PVAc) 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 65.1 million |
| Market revenue in 2030 | USD 114.1 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Polyvinyl acetate (pvac) |
| Fastest growing segment | Polyvinyl Acetate (PVAc) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyvinyl Acetate (PVAc), Polymethyl methacrylate (PMMA), Polystyrene, Polyurethane, High Density Polyethylene |
| Key market players worldwide | Wacker Chemie AG, INEOS, Perfect Moment Ltd, Basf SE, Altana AI, Polychem Corporation, LyondellBasell Industries NV Class A, Imax Corp, Synthomer PLC, Advantagewon Oil Corp, NOF Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.2% of the global low profile additives 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 647.3 million by 2030.
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Low Profile Additives Market Scope
Low Profile Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America low profile additives 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 low profile additives market will help companies and investors design strategic landscapes.
Polyvinyl acetate (pvac) was the largest segment with a revenue share of 38.4% in 2023. Horizon Databook has segmented the Latin America low profile additives market based on polyvinyl acetate (pvac), polymethyl methacrylate (pmma), polystyrene, polyurethane, high density polyethylene covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of low profile additives market in Central & South America is majorly driven by Brazil and Argentina. The market in this region is anticipated to grow owing to its flourishing construction industry. The increasing population and the ongoing urbanization in Central & South America are expected to drive the market for plastics in the region in the near future.
Moreover, surging government investments in the development of public infrastructure and increasing demand for commercial buildings are anticipated to contribute to the growth of the construction industry in the region. This, in turn, is anticipated to lead to surging demand for sustainable buildings, thereby fueling the consumption of plastics in the construction industry in Central & South America.
The requirement for high-performance thermoplastics from the automotive industry to reduce overall vehicular weight to gain fuel efficiency is also expected to have a positive influence on the growth of the market in the coming years. The automotive industry in Brazil has been in retreat since the government ended tax incentives in the country.
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Our clientele includes a mix of low profile additives 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 low profile additives market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America low profile additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America low profile additives market size, by country, 2018-2030 (US$M)
Latin America Low Profile Additives Market Outlook Share, 2023 & 2030 (US$M)
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