Latin America Plastic Resin Market Size & Outlook, 2026-2033
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Latin America plastic resin market highlights
- The Latin America plastic resin market generated a revenue of USD 37,675.6 million in 2025.
- The market is expected to grow at a CAGR of 4.2% from 2026 to 2033.
- In terms of segment, crystalline was the largest revenue generating product in 2025.
- Engineering Plastic 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 2026 to 2033.
Latin America data book summary
| Market revenue in 2025 | USD 37,675.6 million |
| Market revenue in 2033 | USD 52,809.9 million |
| Growth rate | 4.2% (CAGR from 2026 to 2033) |
| Largest segment | Crystalline |
| Fastest growing segment | Engineering Plastic |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Crystalline, Non-crystalline, Engineering Plastic, Super Engineering Plastic, Other Products |
| 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, Latin America region accounted for 6.7% of the global plastic resin market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- MEA is the fastest growing regional market and is projected to reach USD 78,180.9 million by 2033.
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Plastic Resin Market Scope
Plastic Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Formosa Plastics Group | View profile | 1001-5000 | Taipei, T'ai-pei, Taiwan, Asia | https://www.fpg.com.tw/ |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| Lotte Chemical | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.lottechem.com |
| Mitsui Chemicals Inc | View profile | 18933 | 1-5-2, Higashi-Shimbashi, Shiodome City Center, Minato-ku, Tokyo, Japan, 105-7122 | http://group.mitsuichemicals.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgchem.com |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
| Celanese Corp Class A | View profile | 12410 | 222 West Las Colinas Boulevard, Suite 900N, Irving, TX, United States, 75039-5421 | https://www.celanese.com |
| Eastman Chemical Co | View profile | 14000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | https://www.eastman.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Chevron Corp | View profile | 45600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | https://www.chevron.com |
| Exxon Mobil Corp | View profile | 61500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | https://www.exxonmobil.com |
| Sumitomo Chemical Co Ltd | View profile | 37235 | 27-1, Shinkawa 2-chome, Chuo-ku, Tokyo, Japan, 104-8260 | http://www.sumitomo-chem.co.jp |
| Avient Corp | View profile | 9300 | 33587 Walker Road, Avon Lake, OH, United States, 44012 | https://www.avient.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Latin America 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.
Crystalline was the largest segment with a revenue share of 61.25% in 2025. Horizon Databook has segmented the Latin America plastic resin market based on crystalline, non-crystalline, engineering plastic, super engineering plastic, other products covering the revenue growth of each sub-segment from 2021 to 2033.
Increase in construction activity, particularly in Brazil and Chile, is expected to propel the demand for plastic resins in Central & South America. Rising consumer disposable income along with rapid infrastructure development in the region is expected to drive construction industry, in turn, steering the demand for plastic resins.
Furthermore, growing automobile sales have prompted an increase in the regional demand for lightweight plastic resins, thereby driving the market for plastic resins. In terms of the consumption of plastic resins, packaging was one of the largest applications in CSA in 2020. High demand for plastic resins in automotive, consumer goods, and packaging industries is creating new opportunities for the growth of the plastic resins market.
Ascending consumption of packaged food products such as frozen meals, snacks, and ready-to-eat food in the region owing to changing consumer preferences is expected to propel the demand for plastic in food & beverage packaging application.
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Our clientele includes a mix of plastic resin market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America plastic resin market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America plastic resin market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Latin America plastic resin market size, by country, 2021-2033 (US$M)
Latin America Plastic Resin Market Outlook Share, 2025 & 2033 (US$M)
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