Latin America Silicone Elastomer Market Size & Outlook
Latin America silicone elastomer market, 2019-2030 (US$M)
Related Markets
Latin America silicone elastomer market highlights
- The Latin America silicone elastomer market generated a revenue of USD 233.2 million in 2022.
- The market is expected to grow at a CAGR of 7.9% from 2023 to 2030.
- In terms of segment, lsr was the largest revenue generating product in 2022.
- RTV 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 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 233.2 million |
| Market revenue in 2030 | USD 427.3 million |
| Growth rate | 7.9% (CAGR from 2022 to 2030) |
| Largest segment | Lsr |
| Fastest growing segment | RTV |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HTV, RTV, LSR |
| Key market players worldwide | China National Bluestar Group, Dow Inc, MicroAlgo Inc, Momentive, Shin-Etsu Chemical Co Ltd, Wacker Chemie AG |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.1% of the global silicone elastomer 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 6,577.7 million by 2030.
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Silicone Elastomer Market Scope
Silicone Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America silicone elastomer 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 silicone elastomer market will help companies and investors design strategic landscapes.
Lsr was the largest segment with a revenue share of 63.12% in 2022. Horizon Databook has segmented the Latin America silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
The regional market for silicone elastomers is expected to grow substantially over the forecast period, owing to the low production costs, rapid industrialization, and increasing disposable income. Increasing construction activities, particularly in Brazil and Chile, are projected to fuel the demand for silicone elastomers in Central & South America from 2022 to 2030.
Mining, agriculture, and automotive industries are significant contributors to the economy of Central & South America. In addition, the region contains significant reserves of iron ore. The most important beds are in Venezuela and Brazil, which cater to the domestic steel and iron demand as well as exports.
Chile is also known globally for the mining of copper, coal, and nitrate. Many surface mining projects, such as Escondida Mine, Cerro Verde Mine, Serra Norte Mining Complex, Carajas Serra Sul S11D Project, and Collahuasi Mine, are currently underway.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America silicone elastomer market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America silicone elastomer market size, by country, 2019-2030 (US$M)
Latin America Silicone Elastomer Market Outlook Share, 2022 & 2030 (US$M)
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