Latin America Polyolefin Market Size & Outlook, 2023-2030
Latin America polyolefin market, 2018-2030 (US$M)
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Latin America polyolefin market highlights
- The Latin America polyolefin market generated a revenue of USD 18,936.3 million in 2023.
- The market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, polyethylene (pe) was the largest revenue generating product in 2023.
- Ethylene-Vinyl Acetate (EVA) 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 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 18,936.3 million |
| Market revenue in 2030 | USD 27,304.4 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene (pe) |
| Fastest growing segment | Ethylene-Vinyl Acetate (EVA) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene (PE), Polypropylene (PP), Ethylene-Vinyl Acetate (EVA), Thermoplastic Polyolefins (TPOs), Polyoxymethylene (POM), Polycarbonate (PC), Polymethyl Methacrylate (PMMA) |
| Key market players worldwide | China Petroleum & Chemical Corp Class H, LyondellBasell Industries NV Class A, PetroChina Co Ltd Class H, TotalEnergies SE, Chevron Corp, Repsol SA, Dow Inc, Exxon Mobil Corp, Braskem SA ADR, OMV AG |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.5% of the global polyolefin market in 2023.
- 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 186,485.0 million by 2030.
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Polyolefin Market Scope
Polyolefin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America polyolefin 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 polyolefin market will help companies and investors design strategic landscapes.
Polyethylene (pe) was the largest segment with a revenue share of 39.31% in 2023. Horizon Databook has segmented the Latin America polyolefin market based on polyethylene (pe), polypropylene (pp), ethylene-vinyl acetate (eva), thermoplastic polyolefins (tpos), polyoxymethylene (pom), polycarbonate (pc), polymethyl methacrylate (pmma) covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil accounts for the highest passenger car production is expected to continue to witness growth at a steady pace owing to rising GDP and high demand for Brazilian & other exports. Passenger cars make up a substantial portion of the total automobile sales in the Central & South American region.
Despite a lackluster performance from the Brazilian economy in 2022, owing to socio-political conflicts and unfavorable conditions, the manufacturing, footwear, and packaging industries managed to maintain steady growth levels.
These industries, along with other niche applications of polyolefins, are expected to keep the region afloat over the forecast period. Accumulated regional inflation in 2022 was an average of approximately 9%, with a very diverse performance in Brazil and Argentina.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America polyolefin market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America polyolefin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America polyolefin market size, by country, 2018-2030 (US$M)
Latin America Polyolefin Market Outlook Share, 2023 & 2030 (US$M)
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