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South America Polyamide Market Size

The South America Polyamide Market is projected to experience significant growth, driven by its applications in high-demand sectors such as packaging and automotive industries. The market's expansion is fueled by the increasing need for high-performance plastics that can endure extreme conditions, making them ideal for aerospace, automotive, and packaging applications. Brazil holds a substantial portion of the market share, with its demand spurred by the burgeoning packaging and electrical industries. Meanwhile, Argentina is emerging as a rapidly growing segment, particularly due to legislative support for its automotive sector. The overall market size is expected to grow steadily over the forecast period, reflecting the region's rising consumption and industrial development.

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Market Size of south america polyamide Industry

South America Polyamide Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 0.96 Billion
svg icon Market Size (2029) USD 1.30 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2029) 6.41 %
svg icon Largest Share by Country Brazil
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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South America Polyamide Market Analysis

The South America Polyamide Market size is estimated at 0.96 billion USD in 2024, and is expected to reach 1.30 billion USD by 2029, growing at a CAGR of 6.41% during the forecast period (2024-2029).

0.96 Billion

Market Size in 2024 (USD)

1.30 Billion

Market Size in 2029 (USD)

6.57 %

CAGR (2017-2023)

6.41 %

CAGR (2024-2029)

Largest Market by End-user Industry

31.59 %

value share, Packaging, 2023

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PA is increasingly used in the flexible packaging industry to achieve weight reduction and preserve product freshness. Thus, the packaging industry dominated the demand.

Fastest Growing Market by End-user Industry

8.60 %

Projected CAGR, Aerospace, 2024-2029

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Owing to the increasing replacement of metal parts with plastic parts, combined with the exceptional properties of PA, the aerospace industry is likely to witness the fastest growth.

Largest Market by Sub Resin Type

44.72 %

value share, Polyamide (PA) 6, 2023

Owing to its applications and highest shares in various industries, including automotive, electrical and electronics, aerospace, and construction, PA 6 resin occupied the largest share.

Largest Market by Country

72.82 %

value share, Brazil, 2023

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Having the highest volume share of around 60.54% in plastic packaging production in South America, Brazil held the largest share.

Leading Market Player

42.11 %

market share, Koch Industries, Inc., Inc.

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With the largest production capacity of around 40 kilotons per year of PA resin in 2022 in South America, the company held the largest share of the market.

The packaging industry to remain dominant during the forecast period

  • Polyamides are high-performance plastics that can withstand high temperatures and corrosive environments, making them suitable for applications in industries such as aerospace, automotive, and packaging. The South American polyamide market registered a growth of 11.64% value in 2022 compared to 2021. One of the major reasons behind the rise in polyamide consumption is its increasing application in the packaging and automotive industries.
  • The packaging industry recorded the largest share of the market, with an annual growth rate of 15.65% in terms of value in 2022 compared to the previous year. This growth was attributed to the consumer shift toward convenience food and on-the-go lifestyles, as well as the development of retail-ready packaging, which drove the demand for packaging materials. Plastic packaging production increased by more than 252 thousand tons in 2022 compared to 2021, further impacting polyamide consumption.
  • The automotive industry occupied the second-largest market in terms of consumption, with an annual growth rate of 12.32% in value in 2022 compared to 2021. Access to credit and low-interest rates offered by the government increased consumer confidence, leading to a boost in automobile sales in the region. Vehicle production reached 5.12 million units in 2022, which was 6.8% higher than in 2021. As a result, the demand for polyamides surged in the automotive industry in 2022.
  • The market is expected to record a CAGR of 6.46% in value during the forecast period [2023-2029], with the aerospace industry reporting the highest CAGR of 8.65% by value. This growth can be attributed to the demand for 2460 new passenger and freighter aircraft by 2040, which will boost the production of aerospace components and increase the consumption of polyamides in the future.
South America Polyamide Market

Brazil to exhibit high growth rate aided by fast-paced packaging and electronics industries

  • Polyamide has a wide range of applications in the packaging and electrical and electronics industries, such as packaging foods and beverages, specifically convenience-sized soft drinks, water, coil forms, electrical encapsulation, electrical devices, and smart meters. South America accounted for around 5.05% of the global consumption of polyamide resin in 2022 by value.
  • Brazil is the largest shareholder in the regional market, and the country's demand for polyamide resin is increasing significantly due to the rising packaging and electrical and electronics industries. Brazil occupied the largest share of regional packaging production, with a 61% share in 2022. Brazil's plastic packaging production is expected to reach 5.21 million tons by 2029, compared to 3.67 million tons in 2022. The surge in demand for technologically advanced consumer electronics and appliances such as smartphones, laptops, computers, cameras, televisions, and others is expected to boost consumer electronics demand. The e-commerce market in the country is projected to reach a revenue of around USD 94.63 billion in 2027 from USD 53.86 billion in 2023.
  • Argentina is the fastest-growing market segment, with a 9.04% CAGR in terms of revenue, which can be attributed to the country's automotive industry. The automotive industry is predicted to witness a CAGR of 10.78% in value during the forecast period. Argentina passed legislation promoting the auto industry, which implements schemes such as the early refund of the VAT, which will increase vehicle sales in the future. For example, vehicle production in the country is expected to reach 1,279 thousand units by 2029 compared to 803 thousand units in 2022.

South America Polyamide Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Aramid, Polyamide (PA) 6, Polyamide (PA) 66, Polyphthalamide are covered as segments by Sub Resin Type. Argentina, Brazil are covered as segments by Country.

  • Polyamides are high-performance plastics that can withstand high temperatures and corrosive environments, making them suitable for applications in industries such as aerospace, automotive, and packaging. The South American polyamide market registered a growth of 11.64% value in 2022 compared to 2021. One of the major reasons behind the rise in polyamide consumption is its increasing application in the packaging and automotive industries.
  • The packaging industry recorded the largest share of the market, with an annual growth rate of 15.65% in terms of value in 2022 compared to the previous year. This growth was attributed to the consumer shift toward convenience food and on-the-go lifestyles, as well as the development of retail-ready packaging, which drove the demand for packaging materials. Plastic packaging production increased by more than 252 thousand tons in 2022 compared to 2021, further impacting polyamide consumption.
  • The automotive industry occupied the second-largest market in terms of consumption, with an annual growth rate of 12.32% in value in 2022 compared to 2021. Access to credit and low-interest rates offered by the government increased consumer confidence, leading to a boost in automobile sales in the region. Vehicle production reached 5.12 million units in 2022, which was 6.8% higher than in 2021. As a result, the demand for polyamides surged in the automotive industry in 2022.
  • The market is expected to record a CAGR of 6.46% in value during the forecast period [2023-2029], with the aerospace industry reporting the highest CAGR of 8.65% by value. This growth can be attributed to the demand for 2460 new passenger and freighter aircraft by 2040, which will boost the production of aerospace components and increase the consumption of polyamides in the future.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Sub Resin Type
Aramid
Polyamide (PA) 6
Polyamide (PA) 66
Polyphthalamide
Country
Argentina
Brazil
Rest of South America
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South America Polyamide Market Size Summary

The South America polyamide market is poised for significant growth, driven by its application in high-performance industries such as aerospace, automotive, and packaging. Polyamides, known for their ability to withstand high temperatures and corrosive environments, are increasingly being utilized in these sectors. The packaging industry, in particular, has seen substantial growth due to a shift towards convenience foods and retail-ready packaging, which has boosted the demand for polyamide materials. The automotive sector also contributes to market expansion, supported by favorable economic conditions that have increased vehicle production and sales. Additionally, the aerospace industry is expected to experience robust growth, driven by the demand for new aircraft, which will further enhance polyamide consumption.

Brazil stands out as the largest market within the region, with significant demand for polyamide resin fueled by its burgeoning packaging and electrical and electronics industries. The country's e-commerce and consumer electronics sectors are also on the rise, further propelling the demand for polyamides. Argentina is emerging as a fast-growing market, particularly in the automotive sector, supported by government initiatives to boost vehicle sales. The region's electrical and electronics market is experiencing growth due to technological advancements and increased consumer demand for luxury and smart products. The South America polyamide market is fairly consolidated, with major players like Asahi Kasei Corporation, BASF SE, Celanese Corporation, DSM, and Koch Industries, Inc. leading the industry. Recent developments, such as new product introductions and strategic acquisitions, are expected to enhance the market's growth trajectory.

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South America Polyamide Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Electrical and Electronics

      5. 1.1.5 Industrial and Machinery

      6. 1.1.6 Packaging

      7. 1.1.7 Other End-user Industries

    2. 1.2 Sub Resin Type

      1. 1.2.1 Aramid

      2. 1.2.2 Polyamide (PA) 6

      3. 1.2.3 Polyamide (PA) 66

      4. 1.2.4 Polyphthalamide

    3. 1.3 Country

      1. 1.3.1 Argentina

      2. 1.3.2 Brazil

      3. 1.3.3 Rest of South America

South America Polyamide Market Size FAQs

The South America Polyamide Market size is expected to reach USD 955.21 million in 2024 and grow at a CAGR of 6.41% to reach USD 1.30 billion by 2029.

In 2024, the South America Polyamide Market size is expected to reach USD 955.21 million.

South America Polyamide Market Report Snapshots

South America Polyamide Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029