Latin America Reinforced Plastics Market Size & Outlook

The reinforced plastics market in Latin America is expected to reach a projected revenue of US$ 29,133.2 million by 2030. A compound annual growth rate of 2.5% is expected of Latin America reinforced plastics market from 2024 to 2030.
Revenue, 2023 (US$M)
$24,506.1
Forecast, 2030 (US$M)
$29,133.2
CAGR, 2024 - 2030
2.5%
Report Coverage
Latin America

Latin America reinforced plastics market, 2018-2030 (US$M)

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Latin America reinforced plastics market highlights

  • The Latin America reinforced plastics market generated a revenue of USD 24,506.1 million in 2023.
  • The market is expected to grow at a CAGR of 2.5% from 2024 to 2030.
  • In terms of segment, carbon fiber was the largest revenue generating fiber type in 2023.
  • Carbon Fiber is the most lucrative fiber type segment registering the fastest growth during the forecast period.


Latin America data book summary

Market revenue in 2023USD 24,506.1 million
Market revenue in 2030USD 29,133.2 million
Growth rate2.5% (CAGR from 2023 to 2030)
Largest segmentCarbon fiber
Fastest growing segmentCarbon Fiber
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCarbon Fiber


Other key industry trends

  • In terms of revenue, Latin America region accounted for 9.5% of the global reinforced plastics 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 111,147.2 million by 2030.

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Reinforced Plastics Market Scope

Reinforced plastics market segmentation & scope
Glass Fiber
Aramid Fiber
Others
Application
Automotive
Building & Construction
Aerospace & Aviation
Wind Energy
Marine
Electrical & Electronics
Others
Countries
Canada
Mexico
U.S.
Denmark
France
Germany
Italy
Spain
UK
China
India
Japan
South Korea
Thailand
Argentina
Brazil
Saudi Arabia
South Africa
UAE

Reinforced Plastics Market Companies

Name Profile # Employees HQ Website

Latin America reinforced plastics 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 reinforced plastics market will help companies and investors design strategic landscapes.


Carbon fiber was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America reinforced plastics market based on carbon fiber covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Latin America reinforced plastics market databook

  • Our clientele includes a mix of reinforced plastics market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America reinforced plastics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America reinforced plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America reinforced plastics market

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