Brazil Plastic Resin Market Size & Outlook, 2023-2030
Brazil plastic resin market, 2018-2030 (US$M)
Related Markets
Brazil plastic resin market highlights
- The Brazil plastic resin market generated a revenue of USD 2,928.0 million in 2023 and is expected to reach USD 11,594.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 21.7% from 2024 to 2030.
- In terms of segment, polystyrene foam was the largest revenue generating type in 2023.
- Phenolic Foam is the most lucrative type segment registering the fastest growth during the forecast period.
Plastic resin market data book summary
| Market revenue in 2023 | USD 2,928.0 million |
| Market revenue in 2030 | USD 11,594.5 million |
| Growth rate | 21.7% (CAGR from 2023 to 2030) |
| Largest segment | Polystyrene foam |
| Fastest growing segment | Phenolic Foam |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyurethane Foam, Polystyrene Foam, PVC Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, Other Types |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DuPont de Nemours Inc, Evonik Industries AG, Sumitomo Chemical Co Ltd, Celanese Corp Class A, Eastman Chemical Co, Chevron Corp, Lotte Chemical, Exxon Mobil Corp, Formosa Plastics Group, Toray Industries Inc, Mitsui Chemicals Inc, Teijin Ltd, LG Chem, Avient Corp |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.2% of the global plastic resin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil plastic resin 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 11,594.5 million by 2030.
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Plastic Resin Market Scope
Plastic Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil plastic resin 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 resin market will help companies and investors design strategic landscapes.
Polystyrene foam was the largest segment with a revenue share of 30.65% in 2023. Horizon Databook has segmented the Brazil plastic resin market based on polyurethane foam, polystyrene foam, pvc foam, phenolic foam, polyolefin foam, melamine foam, other types covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is the regional leader in Central & South America in terms of automotive production and emerged as the ninth-largest automotive producer in the world as of 2018 according to statistics published by OICA. Although most of the cars in the country are manufactured for use locally, a significant number are also exported.
As one of the fastest-growing economies, Brazil has become a global hub for manufacturers. Thus, a large number of foreign and a few Brazilian brands manufacture vehicles in the country. Owing to the aforementioned trends, the demand for plastic resins in Brazil is anticipated to ascend in automotive application over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil plastic resin market , including forecasts for subscribers. This country databook contains high-level insights into Brazil plastic resin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil plastic resin market size, by type, 2018-2030 (US$M)
Brazil Plastic Resin Market Outlook Share, 2023 & 2030 (US$M)
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