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South America Thermoplastics Market Size (2024 - 2029)

The South America thermoplastics market is anticipated to experience growth driven by increasing demand from key end-user industries. However, the market's expansion may face challenges due to the impact of the COVID-19 pandemic. Within the region, Brazil holds a dominant position in the thermoplastics market.

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Market Size of South America Thermoplastics Industry

South America Thermoplastics Market Concentration
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

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*Disclaimer: Major Players sorted in no particular order

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
Commodity Thermoplastics
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Engineering Thermoplastics
Polyamide (PA)
Polycarbonates (PC)
Polymethyl Methacrylate (PMMA)
Polyoxymethylene (POM)
Polyethylene Terephthalate (PET)
Polybutylene Terephthalate (PBT)
Acrylonitrile Butadiene Styrene (ABS)/Styrene Acrylonitrile (SAN)
High-performance Engineering Thermoplastics
Polyether Ether Ketone (PEEK)
Liquid Crystal Polymer (LCP)
Polytetrafluoroethylene (PTFE)
Polyimide (PI)
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
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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.

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South America Thermoplastics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Key End-user Industries

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Impact of COVID-19 Pandemic

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Commodity Thermoplastics

        1. 2.1.1.1 Polyethylene (PE)

        2. 2.1.1.2 Polypropylene (PP)

        3. 2.1.1.3 Polyvinyl Chloride (PVC)

        4. 2.1.1.4 Polypropylene (PP)

      2. 2.1.2 Engineering Thermoplastics

        1. 2.1.2.1 Polyamide (PA)

        2. 2.1.2.2 Polycarbonates (PC)

        3. 2.1.2.3 Polymethyl Methacrylate (PMMA)

        4. 2.1.2.4 Polyoxymethylene (POM)

        5. 2.1.2.5 Polyethylene Terephthalate (PET)

        6. 2.1.2.6 Polybutylene Terephthalate (PBT)

        7. 2.1.2.7 Acrylonitrile Butadiene Styrene (ABS)/Styrene Acrylonitrile (SAN)

      3. 2.1.3 High-performance Engineering Thermoplastics

        1. 2.1.3.1 Polyether Ether Ketone (PEEK)

        2. 2.1.3.2 Liquid Crystal Polymer (LCP)

        3. 2.1.3.3 Polytetrafluoroethylene (PTFE)

        4. 2.1.3.4 Polyimide (PI)

      4. 2.1.4 Other Product Types (PPE, PSU, PEI, PPS, ETFE, PFA, FEP, PBI)

    2. 2.2 End-user Industry

      1. 2.2.1 Packaging

      2. 2.2.2 Building and Construction

      3. 2.2.3 Automotive and Transportation

      4. 2.2.4 Electrical and Electronics

      5. 2.2.5 Sports and Leisure

      6. 2.2.6 Furniture and Bedding

      7. 2.2.7 Agriculture

      8. 2.2.8 Medical

      9. 2.2.9 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Chile

      4. 2.3.4 Colombia

      5. 2.3.5 Rest of South America

South America Thermoplastics Market Size FAQs

The South America Thermoplastics Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

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.

South America Thermoplastics Report Snapshots

South America Thermoplastics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)