Latin America Synthetic Fibers Market Size & Outlook
Latin America synthetic fibers market, 2018-2030 (US$M)
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Latin America synthetic fibers market highlights
- The Latin America synthetic fibers market generated a revenue of USD 3,647.0 million in 2022.
- The market is expected to grow at a CAGR of 5.8% from 2023 to 2030.
- In terms of segment, polyester was the largest revenue generating type in 2022.
- Nylon is the most lucrative type 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 3,647.0 million |
| Market revenue in 2030 | USD 5,726.9 million |
| Growth rate | 5.8% (CAGR from 2022 to 2030) |
| Largest segment | Polyester |
| Fastest growing segment | Nylon |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyester, Nylon, Acrylics, Polyolefin |
| Key market players worldwide | DuPont de Nemours Inc, Indorama Ventures PCL ADR, Lenzing AG, Mitsubishi Electric Corp, Reliance Inc, Reliance Industries Ltd GDR - 144A, Sinopec Oilfield Service Corp Class H, Teijin Ltd, Toray Industries Inc, Toyobo Co Ltd, Bombay Dyeing |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.5% of the global synthetic fibers 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 89,051.3 million by 2030.
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Synthetic Fibers Market Scope
Synthetic Fibers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America synthetic fibers 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 synthetic fibers market will help companies and investors design strategic landscapes.
Polyester was the largest segment with a revenue share of 49.62% in 2022. Horizon Databook has segmented the Latin America synthetic fibers market based on polyester, nylon, acrylics, polyolefin covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for synthetic fibers is anticipated to surge over the forecast period owing to the increased industrial activities and manufacturing facilities in clothing & apparel, automotive, and construction industries, which can be attributed to the presence of affordable labor.
Brazil exhibits strong potential across the textile supply chain, particularly man-made fibers. These factors are expected to bolster the growth of manufacturing facilities in the region, simultaneously driving the demand for synthetic fibers.
The market in major exporting countries in Central & South America, such as Brazil and Argentina, is expected to exhibit rapid development owing to increasing investments from foreign multinational companies such as Fibertex Nonwovens.
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Our clientele includes a mix of synthetic fibers market companies, investment firms, advisory firms & academic institutions.
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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 synthetic fibers market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America synthetic fibers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America synthetic fibers market size, by country, 2018-2030 (US$M)
Latin America Synthetic Fibers Market Outlook Share, 2022 & 2030 (US$M)
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