Market Size of South America Thermoplastics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South America Thermoplastics Market Analysis
The market for South America thermoplastics is expected to grow at a CAGR of over 5% during the forecast period. Growing demand from various key end-user industries is likely to drive the market growth through the forecast period.
- Impact of COVID-19 pandemic is expected to hinder the growth of the market.
- Brazil dominated the South American thermoplastics market.
South America Thermoplastics Industry Segmentation
The South American Thermoplastics Market report includes:
| Product Type | |||||||||
| |||||||||
| |||||||||
| |||||||||
| Other Product Types (PPE, PSU, PEI, PPS, ETFE, PFA, FEP, PBI) |
| End-user Industry | |
| Packaging | |
| Building and Construction | |
| Automotive and Transportation | |
| Electrical and Electronics | |
| Sports and Leisure | |
| Furniture and Bedding | |
| Agriculture | |
| Medical | |
| Other End-user Industries |
| Geography | |
| Brazil | |
| Argentina | |
| Chile | |
| Colombia | |
| Rest of South America |
South America Thermoplastics Market Size Summary
The South America thermoplastics market is poised for significant growth, driven by increasing demand from key end-user industries. Brazil stands out as the dominant player in this market, particularly in the automotive sector, where the focus on efficient vehicles and stringent emission regulations have influenced thermoplastic consumption. The packaging industry emerges as the largest application segment, with engineering plastics like polyethylene terephthalate (PET) and polyamide being extensively used due to their favorable properties such as chemical resistance, recyclability, and mechanical strength. These materials are particularly favored in the food and beverage sector for packaging applications, including bottled water, flexible packaging, and more. Despite the challenges posed by the COVID-19 pandemic, the market is expected to maintain a steady demand, with ongoing applications in household and commercial sectors further bolstering growth.
The market landscape in South America is characterized by a partial consolidation, with major players like Solvay, Röchling, BASF SE, DSM, and LyondellBasell Industries Holdings B.V. holding significant market shares. The aerospace industry also contributes to the demand for thermoplastics, with Brazil being a leading manufacturer of various aircraft types. However, the consumer electronics sector in Brazil appears to be reaching saturation, affecting the growth trajectory in that area. Nonetheless, companies like Samsung and LG continue to strengthen their presence, indicating a competitive market environment. Overall, the diverse applications and industrial growth in South America are expected to drive the thermoplastics market forward during the forecast period.
South America Thermoplastics Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Growing Demand from Key End-user Industries
-
1.1.2 Other Drivers
-
-
1.2 Restraints
-
1.2.1 Impact of COVID-19 Pandemic
-
1.2.2 Other Restraints
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION
-
2.1 Product Type
-
2.1.1 Commodity Thermoplastics
-
2.1.1.1 Polyethylene (PE)
-
2.1.1.2 Polypropylene (PP)
-
2.1.1.3 Polyvinyl Chloride (PVC)
-
2.1.1.4 Polypropylene (PP)
-
-
2.1.2 Engineering Thermoplastics
-
2.1.2.1 Polyamide (PA)
-
2.1.2.2 Polycarbonates (PC)
-
2.1.2.3 Polymethyl Methacrylate (PMMA)
-
2.1.2.4 Polyoxymethylene (POM)
-
2.1.2.5 Polyethylene Terephthalate (PET)
-
2.1.2.6 Polybutylene Terephthalate (PBT)
-
2.1.2.7 Acrylonitrile Butadiene Styrene (ABS)/Styrene Acrylonitrile (SAN)
-
-
2.1.3 High-performance Engineering Thermoplastics
-
2.1.3.1 Polyether Ether Ketone (PEEK)
-
2.1.3.2 Liquid Crystal Polymer (LCP)
-
2.1.3.3 Polytetrafluoroethylene (PTFE)
-
2.1.3.4 Polyimide (PI)
-
-
2.1.4 Other Product Types (PPE, PSU, PEI, PPS, ETFE, PFA, FEP, PBI)
-
-
2.2 End-user Industry
-
2.2.1 Packaging
-
2.2.2 Building and Construction
-
2.2.3 Automotive and Transportation
-
2.2.4 Electrical and Electronics
-
2.2.5 Sports and Leisure
-
2.2.6 Furniture and Bedding
-
2.2.7 Agriculture
-
2.2.8 Medical
-
2.2.9 Other End-user Industries
-
-
2.3 Geography
-
2.3.1 Brazil
-
2.3.2 Argentina
-
2.3.3 Chile
-
2.3.4 Colombia
-
2.3.5 Rest of South America
-
-
South America Thermoplastics Market Size FAQs
What is the current South America Thermoplastics Market size?
The South America Thermoplastics Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in South America Thermoplastics Market?
BASF SE , Solvay, DSM, LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.) and Röchling are the major companies operating in the South America Thermoplastics Market.
