Latin America Plastics In Consumer Electronics Market Size & Outlook
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Latin America plastics in consumer electronics market highlights
- The Latin America plastics in consumer electronics market generated a revenue of USD 145.6 million in 2021.
- The market is expected to grow at a CAGR of 3.8% from 2022 to 2028.
- In terms of segment, polyamides was the largest revenue generating product in 2021.
- Bio-based Polycarbonate Resin 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 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 145.6 million |
| Market revenue in 2028 | USD 189.2 million |
| Growth rate | 3.8% (CAGR from 2021 to 2028) |
| Largest segment | Polyamides |
| Fastest growing segment | Bio-based Polycarbonate Resin |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polycarbonate (PC), Liquid Crystal Polymers (LCP), PC/ABS Glass Filled Resins, Bio-based Polycarbonate Resin, Thermoplastic Elastomers, Polyamides |
| Key market players worldwide | Trinseo PLC, Covestro AG, Celanese Corp Class A, SABIC, Lotte Chemical, LG Chem, Mitsubishi Chemical Group Corp, Samsung SDI Co Ltd GDR - 144A, Koninklijke DSM NV |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.5% of the global plastics in consumer electronics market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,282.7 million by 2028.
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Plastics In Consumer Electronics Market Scope
Plastics In Consumer Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Samsung SDI Co Ltd GDR - 144A | View profile | 12452 | 150-20 Gongsero-ro, Giheung-gu, Gyeonggi-do, Yongin, Korea, Republic of | http://www.samsungsdi.co.kr |
| 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 |
| Mitsubishi Chemical Group Corp | View profile | 74632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | https://www.mcgc.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgchem.com |
| Celanese Corp Class A | View profile | 12410 | 222 West Las Colinas Boulevard, Suite 900N, Irving, TX, United States, 75039-5421 | https://www.celanese.com |
| Covestro AG | View profile | 17520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | https://www.covestro.com/en |
| Trinseo PLC | View profile | 3100 | 440 East Swedesford Road, Suite 301, Wayne, PA, United States, 19087 | https://www.trinseo.com |
| Koninklijke DSM NV | View profile | 20682 | Het Overloon 1, P.O. Box 6500, Heerlen, LI, Netherlands, 6411 TE | https://www.dsm.com |
Latin America plastics in consumer electronics 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 plastics in consumer electronics market will help companies and investors design strategic landscapes.
Polyamides was the largest segment with a revenue share of 29.4% in 2021. Horizon Databook has segmented the Latin America plastics in consumer electronics market based on polycarbonate (pc), liquid crystal polymers (lcp), pc/abs glass filled resins, bio-based polycarbonate resin, thermoplastic elastomers, polyamides covering the revenue growth of each sub-segment from 2017 to 2028.
Central & South America witnessed a significant growth in home appliances over the past few years owing to high investments in the manufacturing sector of the country, which is likely to have a positive impact on the plastics market over the forecast period.
The region has a fast-growing market for electronics and consumer electronic plastics market, owing to the growing urbanization, increasing spending capacities of consumers and growth of the consumer electronics sector in Brazil and Argentina. Argentina is one of the key markets for manufacturing household appliances in the world.
Among the total white goods consumed in the country, over 80% are manufactured in Argentina itself. Initiatives taken by the government of Argentina to boost its manufacturing sector are expected to drive manufacturing activities in the region, which, in turn, is expected to have a positive impact on the plastics industry growth over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America plastics in consumer electronics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America plastics in consumer electronics market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America plastics in consumer electronics market size, by country, 2017-2028 (US$M)
Latin America Plastics In Consumer Electronics Market Outlook Share, 2021 & 2028 (US$M)
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