Latin America Thermoplastic Polyester Elastomer Market Size & Outlook
Latin America thermoplastic polyester elastomer market, 2019-2030 (US$M)
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Latin America thermoplastic polyester elastomer market highlights
- The Latin America thermoplastic polyester elastomer market generated a revenue of USD 86.2 million in 2021.
- The market is expected to grow at a CAGR of 4.2% from 2022 to 2030.
- In terms of segment, injection molding was the largest revenue generating type in 2021.
- Injection Molding 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 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 86.2 million |
| Market revenue in 2030 | USD 125.1 million |
| Growth rate | 4.2% (CAGR from 2021 to 2030) |
| Largest segment | Injection molding |
| Fastest growing segment | Injection Molding |
| Historical data covered | 2019 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Injection Molding, Extrusion Molding, Blow Molding |
| Key market players worldwide | SABIC, DuPont de Nemours Inc, Basf SE, Covestro AG, Celanese Corp Class A, LG Chem, Mitsubishi Electric Corp, Arkema SA, Toyobo Co Ltd, Radici Group, Sunshine Global, Teijin Ltd, Chang Chun Group, Entec Polymers |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.9% of the global thermoplastic polyester elastomer market in 2021.
- 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 774.7 million by 2030.
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Thermoplastic Polyester Elastomer Market Scope
Thermoplastic Polyester Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America thermoplastic polyester 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 thermoplastic polyester elastomer market will help companies and investors design strategic landscapes.
Injection molding was the largest segment with a revenue share of 68.68% in 2021. Horizon Databook has segmented the Latin America thermoplastic polyester elastomer market based on injection molding, extrusion molding, blow molding covering the revenue growth of each sub-segment from 2019 to 2030.
Brazil and Argentina are the high growth potential markets in the region which are characterized by booming industrial sector and growing GDP per capita. Increasing automotive production in these countries as mitigation from the U.S. is expected to act as a primary driving force for the region’s growth in future.
Venezuela, Brazil, and Mexico are among the largest producer of crude oil in Latin America who help these countries to receive massive investments each year. These countries have a significant crude oil production which is helping the thermoplastics industry to prosper.
Apart from nations as mentioned above, no other country has a conventional crude oil production due to which they lack in plastic production. Even though the average annual plastic consumption which is approximately 40 kg per person, and one of the highest in the world, there exists a lack of availability of raw materials in the region.
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Our clientele includes a mix of thermoplastic polyester elastomer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America thermoplastic polyester elastomer market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America thermoplastic polyester elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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