Argentina Plastic Compounding Market Size & Outlook
Argentina plastic compounding market, 2019-2030 (US$M)
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Argentina plastic compounding market highlights
- The Argentina plastic compounding market generated a revenue of USD 523.2 million in 2023 and is expected to reach USD 890.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2023.
- Thermoplastic Polyolefins (TPO) is the most lucrative product segment registering the fastest growth during the forecast period.
Plastic compounding market data book summary
| Market revenue in 2023 | USD 523.2 million |
| Market revenue in 2030 | USD 890.2 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Thermoplastic Polyolefins (TPO) |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene (PE), Polypropylene (PP), Thermoplastic Vulcanizates (TPV), Thermoplastic Polyolefins (TPO), Polyvinyl Chloride (PVC), Polystyrene (PS), Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT), Polyamide (PA), Polycarbonate (PC), Acrylonitrile Butadiene Systems (ABS), Other Product |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DL Holdings Group Ltd, LyondellBasell Industries NV Class A, DuPont de Nemours Inc, Asahi Kasei Corp, Covestro AG, Washington Penn, Ascend Performance Materials, Kuraray Co Ltd, Arkema SA, Teijin Ltd, Lanxess AG, Solvay SA, Ravago |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.8% of the global plastic compounding market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil plastic compounding market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,315.7 million by 2030.
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Plastic Compounding Market Scope
Plastic Compounding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina plastic compounding 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 plastic compounding market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 31.27% in 2023. Horizon Databook has segmented the Argentina plastic compounding market based on polyethylene (pe), polypropylene (pp), thermoplastic vulcanizates (tpv), thermoplastic polyolefins (tpo), polyvinyl chloride (pvc), polystyrene (ps), polyethylene terephthalate (pet), polybutylene terephthalate (pbt), polyamide (pa), polycarbonate (pc), acrylonitrile butadiene systems (abs), other product covering the revenue growth of each sub-segment from 2019 to 2030.
Argentina is among the leading economies of Central & South America. Growing inter-industry trading relationships of the country with China and India are anticipated to fuel the growth of manufacturing industries in the country.
Plastics compounding market has enormous growth potential in Argentina and the country displays high opportunities for investors in domestic production. The country is characterized by the presence of an excellent industrial base coupled with abundant availability of shale resources, which can be optimized for enhancing the current energy industry, thereby leading to revitalizing the country’s petrochemical industry.
These trends are expected to positively impact the demand for plastics in the country over the forecast period owing to the continuous flow of raw materials. Argentina has a large number of global automobile companies, which have established their manufacturing units over the past ten years.
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Target buyers of Argentina plastic compounding market databook
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Our clientele includes a mix of plastic compounding market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina plastic compounding market , including forecasts for subscribers. This country databook contains high-level insights into Argentina plastic compounding market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina plastic compounding market size, by product, 2019-2030 (US$M)
Argentina Plastic Compounding Market Outlook Share, 2023 & 2030 (US$M)
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