Latin America Plastic Compounding Market Size & Outlook
Latin America plastic compounding market, 2019-2030 (US$M)
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Latin America plastic compounding market highlights
- The Latin America plastic compounding market generated a revenue of USD 5,425.0 million in 2023.
- The market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2023.
- Polyethylene Terephthalate (PET) 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 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 5,425.0 million |
| Market revenue in 2030 | USD 9,167.3 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polyethylene Terephthalate (PET) |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 8.1% of the global plastic compounding market in 2023.
- 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 53,552.2 million by 2030.
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Plastic Compounding Market Scope
Plastic Compounding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 30.69% in 2023. Horizon Databook has segmented the Latin America 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.
Central & South America is expected to grow substantially through the forecast period. Changing consumer preferences, low production costs, rapid industrialization, and increasing disposable income are factors anticipated to drive the economic growth of the region over the next few years.
This, in turn, is projected to fuel the demand for plastic compounding in the region over the forecast period. The recovering residential building & construction sector in Central & South America is also driving the demand for related materials and components.
Significant new investments in housing and public works are expected to boost infrastructure growth in Colombia, thereby, augmenting product demand over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America plastic compounding market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America plastic compounding market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America plastic compounding market size, by country, 2019-2030 (US$M)
Latin America Plastic Compounding Market Outlook Share, 2023 & 2030 (US$M)
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