Global Latin America Polyolefins Market is opt to grow at a CAGR of 3.9% to reach $19.28 billion by 2023.
In the Report “Latin America Polyolefin Market: By Type (Polyethylene, Polypropylene); By Process (Blow Molding, Film & Sheet, Injection Molding); By Application (Films, Packaging, Consumer Products, Automobile, Textiles & Fittings) - Forecast (2017-2022)” published by IndustryARC, the market is driven by increasing innovation in plastic technologies, utilized in cheap interior furnishings for automobiles, and strict industrial standards related to carbon emissions have been key factors driving the industry.
Brazil dominates with major share and growth in the Latin America Polyolefins Market
Brazil is the largest producer of polyolefins in the region, utilizes a major share of its production for domestic use. The deficit in polyolefins supply is met by further imports from North America and other regions. The Brazil market in polyolefins is estimated to grow at a CAGR of 4.0% to reach revenue of $9.30 billion by 2023. Mexico is the second leading market, growing at a CAGR of 3.7% to reach revenue of $4.54 billion by 2023. Brazil, Mexico, and Argentina are expected to consume 75% of the total share consumption in Latin America.
Latin America Polyolefins Market Type Analysis done in the full Report:
Polyolefins Market in Latin America is segmented into Polyethylene and Polypropylene. Polyethylene is sub-segmented into three types such as HDPE, LLDPE, and LDPE. Among all HDPE is the leading type in the present market. The HDPE market generated a revenue of $5.2 billion in 2017, which is expected to grow at a CAGR of 3.7% to reach revenue of $6.55 billion in 2023. LLDPE is the second leading market to grow at a CAGR of 3.8% to reach revenue of $3.50 billion by 2023. LDPE market has the slowest growth rate of 3.3% CAGR, which will help the market to reach a revenue up to $2.85 billion by 2023.
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Excerpts on Latin America Polyolefins MarketGrowth Factors
Stringent regulations against waste disposal are anticipated to drive the innovation in the use of polyolefins in the plastics market.
Increasing construction spending owing to the need for sustainable infrastructure is projected to drive growth over the next couples of years.
The high rate of consumer spending and increase business will drive demand for consumer products in the Latin America region, for automobiles will aid the market to demand growth for polyolefins.
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Key players of the Latin America Polyolefins Markets
Braskem S.A. is currently one of the major polyolefin manufacturers in Latin America. The maximum number of plants in Brazil is responsible for more than 60% of the polyolefins production in the region. Braskem’s upcoming plants in Mexico is seen as a game changer for the industry as it aims to become self-reliable for the regions demand of polythtlene and polypropylene. Borealis AG another company provides services and products around the world collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC). Borealis also produce olefins, ethylene and propylene, and compounds plastic resins to meet desired characteristics, mainly for wire and cable makers.
Latin America Polyolefins Market Market report is segmented as below
A.Latin America Polyolefin Market, By Type
1.Polyethylene
I.LLDPE
II.LDPE
III.HDPE
2.Polypropylene
B.Latin America Polyolefin Market, By Process
1.Blow Molding
2.Film & Sheet
3.Injection Molding
4.Pipe & Extrusion
5.Rotomolding
6.Extrusion Coating
7.Wire & Cable
8.Raffia
9.Fibre
10.Others
C.Latin America Polyolefin Market, By Application
1.Films
2.Packaging
3.Consumer Products
4.Automobile
5.Textiles & Fittings
6.Others
D.Latin America Polyolefins Market by Geography (covers 10+ countries)
E.Latin America Polyolefins Entropy Market
F.Manufacturer Citied / Interviewed
1.PETRÓLEOS MEXICANOS S.A. DE C.V.
2.The Dow Chemical Co.,
3.Politeno Industria e Comercio S.A.
4.Rio Polímeros S.A.
5.Company 10+
Related Report:
A.Biopolymers Market
B.Polymers Market in India
What can you expect from the report?
The Latin America Polyolefins Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories
2. Market Trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End User Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country-level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in Latin America Polyolefins Market segment?
Response: Yes, we do have separate reports as mentioned below:
1.Latin America Polyolefins Market Report (2018-2023)
2.Type Latin America Polyolefins Market Size (2018-2023)
3.Process Latin America Polyolefins Market Trends (2018-2023)
4.Application Latin America Polyolefins Market Analysis (2018-2023)
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in the application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interests.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.
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