Latin America Polycarbonate Market Size & Outlook
Latin America polycarbonate market, 2018-2030 (US$M)
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Latin America polycarbonate market highlights
- The Latin America polycarbonate market generated a revenue of USD 1,007.3 million in 2022.
- The market is expected to grow at a CAGR of 4.3% from 2023 to 2030.
- In terms of segment, electrical & electronics was the largest revenue generating end use in 2022.
- AUTOMOTIVE 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 1,007.3 million |
| Market revenue in 2030 | USD 1,415.6 million |
| Growth rate | 4.3% (CAGR from 2022 to 2030) |
| Largest segment | Electrical & electronics |
| Fastest growing segment | AUTOMOTIVE |
| 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 | Covestro AG, Teijin Ltd, Mitsubishi Corp, Trinseo PLC, Idemitsu Kosan Co Ltd, Lotte Chemical, LG Chem, SABIC, Lone Star Chemical, CHIMEI, Entec Polymers, RTP Company |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.5% of the global polycarbonate 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 15,623.9 million by 2030.
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Polycarbonate Market Scope
Polycarbonate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America polycarbonate 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 polycarbonate market will help companies and investors design strategic landscapes.
Electrical & electronics was the largest segment with a revenue share of 24.83% in 2022. Horizon Databook has segmented the Latin America polycarbonate market based on packaging, construction, electrical & electronics, automotive, medical, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America polycarbonate market is expected to grow substantially over the forecast period. Changing consumer preferences, low production costs, rapid industrialization, and increasing disposable income are anticipated to drive the economic growth of the region over the next few years. This is projected to fuel the demand for polycarbonate in the region over the forecast period.
The recovering residential building & construction sector in Central & South America is 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.
In addition, ascending consumption of packaged food products such as frozen meals, snacks, and ready-to-eat food in the region, owing to the changing consumer preferences, is expected to propel the demand for polycarbonate in packaging applications.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America polycarbonate market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America polycarbonate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America polycarbonate market size, by country, 2018-2030 (US$M)
Latin America Polycarbonate Market Outlook Share, 2022 & 2030 (US$M)
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