Latin America Oxidized Polyethylene Wax Market Size & Outlook
Latin America oxidized polyethylene wax market, 2018-2030 (US$M)
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Latin America oxidized polyethylene wax market highlights
- The Latin America oxidized polyethylene wax market generated a revenue of USD 47.8 million in 2023.
- The market is expected to grow at a CAGR of 3.5% from 2024 to 2030.
- In terms of segment, hdpe was the largest revenue generating product in 2023.
- HDPE is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 47.8 million |
| Market revenue in 2030 | USD 61.0 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Hdpe |
| Fastest growing segment | HDPE |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HDPE, LDPE |
| Key market players worldwide | The Lubrizol Corp, Marcus Corp, Honeywell International Inc, Baerlocher, SCG Chemicals, Durex Industries, Munzing |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.6% of the global oxidized polyethylene wax market in 2023.
- 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 163.0 million by 2030.
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Oxidized Polyethylene Wax Market Scope
Oxidized Polyethylene Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America oxidized polyethylene wax 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 oxidized polyethylene wax market will help companies and investors design strategic landscapes.
Hdpe was the largest segment with a revenue share of 80.13% in 2023. Horizon Databook has segmented the Latin America oxidized polyethylene wax market based on hdpe, ldpe covering the revenue growth of each sub-segment from 2018 to 2030.
Central and South America has a strong presence in rubber processing industry with key contributions from Brazil, Colombia, Guatemala and Mexico. Although the region represents lower production capacity as compared to demand, the country’s rubber industry is however observed to be expanding.
The regional plastics industry is observed to be reflecting a downfall provided the ban on plastics manufacturing across countries such as Panama. Since 2018, Panama had imposed ban on polyethylene bags in the country as an attempt to curb plastic pollution.
The manufacturers as well as importers of plastic products of Panama reflected slowdown in business whereas Mexico reflected a surge in demand of plastics. The region imported plastic pipes and fittings worth USD 271 million in 2018, with major demand arising from construction industry.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America oxidized polyethylene wax market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America oxidized polyethylene wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America Oxidized Polyethylene Wax Market Outlook Share, 2023 & 2030 (US$M)
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