Latin America Medical Injection Molded Plastic Market Size & Outlook
Latin America medical injection molded plastic market, 2019-2030 (US$M)
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Latin America medical injection molded plastic market highlights
- The Latin America medical injection molded plastic market generated a revenue of USD 1,091.6 million in 2022.
- The market is expected to grow at a CAGR of 4.5% from 2023 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2022.
- Polypropylene (PP) 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 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 1,091.6 million |
| Market revenue in 2030 | USD 1,549.5 million |
| Growth rate | 4.5% (CAGR from 2022 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polypropylene (PP) |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), Polyethylene (PE), Polystyrene (PS), Polycarbonate (PC) |
| Key market players worldwide | Dow Inc, SABIC, Eastman Chemical Co, Covestro AG, Evonik Industries AG, Sumitomo Chemical Co Ltd, Arkema SA, INEOS, Rutland Plastic Technologies |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global medical injection molded plastic market in 2022.
- Globally, North America 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 8,800.6 million by 2030.
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Medical Injection Molded Plastic Market Scope
Medical Injection Molded Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America medical 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 medical injection molded plastic market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 31.58% in 2022. Horizon Databook has segmented the Latin America medical injection molded plastic market based on polypropylene (pp), acrylonitrile butadiene styrene (abs), polyethylene (pe), polystyrene (ps), polycarbonate (pc) covering the revenue growth of each sub-segment from 2019 to 2030.
In Central & South America, healthcare spending is expected to rise gradually in the coming years. Several initiatives are being undertaken by the governments in the region to improve public healthcare systems amid budget constraints.
Several steps have been taken to attract private investments in healthcare sector to improve the existing healthcare infrastructure in key countries such as Brazil and Argentina. This is expected to drive the market over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America medical injection molded plastic market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America medical injection molded plastic market size, by country, 2019-2030 (US$M)
Latin America Medical Injection Molded Plastic Market Outlook Share, 2022 & 2030 (US$M)
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