Latin America Polyamide Market Size & Outlook, 2022-2030
Latin America polyamide market, 2018-2030 (US$M)
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Latin America polyamide market highlights
- The Latin America polyamide market generated a revenue of USD 1,231.1 million in 2022.
- The market is expected to grow at a CAGR of 3.7% from 2023 to 2030.
- In terms of segment, automotive was the largest revenue generating end use in 2022.
- MEDICAL is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 1,231.1 million |
| Market revenue in 2030 | USD 1,650.3 million |
| Growth rate | 3.7% (CAGR from 2022 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | MEDICAL |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PACKAGING, CONSTRUCTION, ELECTRICAL & ELECTRONICS, AUTOMOTIVE, MEDICAL, OTHER END USES |
| Key market players worldwide | Basf SE, AdvanSix Inc, Ube Corp, Toray Industries Inc, Ashley Services Group Ltd DR, Toyobo Co Ltd, Lanxess AG, Huntsman Corp, Goodfellow Inc, Domo Chemicals, Ascend Performance Materials |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.8% of the global polyamide market in 2022.
- 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 15,016.1 million by 2030.
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Polyamide Market Scope
Polyamide Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America polyamide 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 polyamide market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 50.69% in 2022. Horizon Databook has segmented the Latin America polyamide market based on packaging, construction, electrical & electronics, automotive, medical, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
Changing consumer preferences, low production cost, and rapid industrialization, are factors anticipated to drive the economic growth of the region in coming years. This, in turn, is projected to fuel the demand for polyamide in the region over the forecast period.
Automotive emerged as the fastest growing application segment in this market owing to the development in automotive demand from Brazil and Argentina. Brazil is the regional leader in Central & South America in terms of automotive production.
Although a majority 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 hub for manufacturers in the region. Thus, a large number of foreign and a few Brazilian brands manufacture vehicles in the country.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America polyamide market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America polyamide market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America polyamide market size, by country, 2018-2030 (US$M)
Latin America Polyamide Market Outlook Share, 2022 & 2030 (US$M)
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