Latin America Modified Polypropylene Market Size & Outlook
Latin America modified polypropylene market, 2017-2030 (US$M)
Latin America modified polypropylene market highlights
- The Latin America modified polypropylene market generated a revenue of USD 1,614.3 million in 2020.
- The market is expected to grow at a CAGR of 4.7% from 2021 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2020.
- Medical is the most lucrative application segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2020 | USD 1,614.3 million |
| Market revenue in 2030 | USD 2,553.5 million |
| Growth rate | 4.7% (CAGR from 2020 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Medical |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Building & Construction, Packaging, Medical, Electrical & Electronics |
| Key market players worldwide | LG Chem, SABIC, LyondellBasell Industries NV Class A, Kingfa Technology, PetroChina Co Ltd Class H, PolyPacific, Arkema SA, Covestro AG, China XD |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.7% of the global modified polypropylene market in 2020.
- 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 29,136.5 million by 2030.
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Modified Polypropylene Market Scope
Modified Polypropylene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America modified polypropylene 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 modified polypropylene market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 51.41% in 2020. Horizon Databook has segmented the Latin America modified polypropylene market based on automotive, building & construction, packaging, medical, electrical & electronics covering the revenue growth of each sub-segment from 2017 to 2030.
Rising demand for vehicles due to the growing population has been boosting automotive industry and driving the demand for modified polypropylene in automotive applications in Central & South America.
In addition, advancements in technology and innovation along with increasing consumer demand for durable electrical as well as electronic devices are likely to augment the demand for modified polypropylene in electrical, electronics, and electro technical industry.
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Our clientele includes a mix of modified polypropylene 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 modified polypropylene market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America modified polypropylene market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America modified polypropylene market
Latin America Modified Polypropylene Market Share, 2020 & 2030 (US$M)
Latin America modified polypropylene market
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