Brazil Plastic Compounding Market Size & Outlook
Brazil plastic compounding market, 2019-2030 (US$M)
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Brazil plastic compounding market highlights
- The Brazil plastic compounding market generated a revenue of USD 1,287.1 million in 2023 and is expected to reach USD 2,315.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2023.
- Polyvinyl Chloride (PVC) 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 1,287.1 million |
| Market revenue in 2030 | USD 2,315.7 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polyvinyl Chloride (PVC) |
| 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, Brazil accounted for 1.9% 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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Brazil 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 28.61% in 2023. Horizon Databook has segmented the Brazil 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.
The multinational companies in Brazil have increased the number of manufacturers with increased production capacity projecting lower profitability for the medium term. The export of machinery such as computers and vehicles has witnessed a decent surge over the past few years, which is expected to boost the requirement for plastics, especially in the industrial sector.
The Brazilian healthcare industry is heavily investing in technical development activities, as well as acquiring modern machines, indicating that the industry has undergone tremendous growth in recent years on account of the inflow of foreign direct investments (FDI).
Thus, an increase in spending in the manufacturing and automotive sectors is expected to propel the demand for plastic compounding in Brazil.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil plastic compounding market , including forecasts for subscribers. This country databook contains high-level insights into Brazil plastic compounding market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil plastic compounding market size, by product, 2019-2030 (US$M)
Brazil Plastic Compounding Market Outlook Share, 2023 & 2030 (US$M)
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