Latin America Silicone Market Size & Outlook, 2022-2030
Latin America silicone market, 2019-2030 (US$Ms)
Related Markets
Latin America silicone market highlights
- The Latin America silicone market generated a revenue of USD 1,209.0 millions in 2022.
- The market is expected to grow at a CAGR of 6.3% from 2023 to 2030.
- In terms of segment, elastomers was the largest revenue generating product in 2022.
- Elastomers 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 1,209.0 millions |
| Market revenue in 2030 | USD 1,975.1 millions |
| Growth rate | 6.3% (CAGR from 2022 to 2030) |
| Largest segment | Elastomers |
| Fastest growing segment | Elastomers |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD millions |
| Market segmentation | Fluids, Gels, Resins, Elastomers |
| Key market players worldwide | Shin-Etsu Chemical Co Ltd, Wacker Chemie AG, Illinois Tool Works Inc, Evonik Industries AG, CK Hutchison Holdings Ltd, Kemira Oyj, Dow Inc, Elkem ASA Ordinary Shares |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.1% of the global silicone market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 706.2 millions by 2030.
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Silicone Market Scope
Silicone Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America silicone 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 market will help companies and investors design strategic landscapes.
Elastomers was the largest segment with a revenue share of 45.8% in 2022. Horizon Databook has segmented the Latin America silicone market based on fluids, gels, resins, elastomers covering the revenue growth of each sub-segment from 2019 to 2030.
The Central & South American silicone market is driven by the development of major end-use industries like industrial process, automotive, construction, and electronics. In addition, the rising crude oil production in countries such as Venezuela, Brazil, and Chile is expected to propel the demand for silicone polymers and fluids over the forecast period.
The market for adhesives and sealants in Central & South America is expected to be fueled by the growing demand from end-use segments such as automobiles and construction where these products are used in coating and lamination, flooring, insulation, panel laminating, and facades among others.
Countries such as Brazil, Chile, Peru, and Argentina have been witnessing rapid growth in their industrial sectors owing to rising government as well as private investments in the countries, which is expected to increase the demand for adhesives and sealants in the coming years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America silicone market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America silicone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America silicone market size, by country, 2019-2030 (US$Ms)
Latin America Silicone Market Outlook Share, 2022 & 2030 (US$Ms)
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