Latin America Polypropylene Compounds Market Size & Outlook
Latin America polypropylene compounds market, 2018-2030 (US$M)
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Latin America polypropylene compounds market highlights
- The Latin America polypropylene compounds market generated a revenue of USD 2,020.8 million in 2023.
- The market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, mineral filled pp compounds was the largest revenue generating product in 2023.
- Mineral Filled PP Compounds 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 2,020.8 million |
| Market revenue in 2030 | USD 3,289.7 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Mineral filled pp compounds |
| Fastest growing segment | Mineral Filled PP Compounds |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral Filled PP Compounds, Compounded TPO, Compounded TPV, Glass Fiber Reinforced, Talc Filled |
| Key market players worldwide | Mitsui Chemicals Inc, IRPC PCL ADR, Exxon Mobil Corp, Avient Corp, Tokuyama Corp, SABIC, Trinseo PLC, Sumitomo Chemical Co Ltd, Washington Penn, LyondellBasell Industries NV Class A |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.7% of the global polypropylene compounds 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 14,625.3 million by 2030.
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Polypropylene Compounds Market Scope
Polypropylene Compounds Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America polypropylene compounds 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 polypropylene compounds market will help companies and investors design strategic landscapes.
Mineral filled pp compounds was the largest segment with a revenue share of 28.13% in 2023. Horizon Databook has segmented the Latin America polypropylene compounds market based on mineral filled pp compounds, compounded tpo, compounded tpv, glass fiber reinforced, talc filled covering the revenue growth of each sub-segment from 2018 to 2030.
Polypropylene compounds market in Central & South America is expected to grow substantially during the forecast period. Changes in consumer preferences, low production costs, rapid industrialization, and increase in disposable income in the region are anticipated to drive the economic growth of PP compounds over the next few years.
Significant investments in the development of new residential housing units and commercial establishments are expected to contribute to infrastructure growth in Central & South America, thereby augmenting the demand for polypropylene compounds over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America polypropylene compounds market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America polypropylene compounds market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America polypropylene compounds market size, by country, 2018-2030 (US$M)
Latin America Polypropylene Compounds Market Outlook Share, 2023 & 2030 (US$M)
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