Advancements in material science due to research and development have paved the way for new polymers and variants of plastic that are widely used in an array of industrial sectors. Polyethylene has emerged as one of the most popular thermoplastic polymers that are increasingly being used to produce fabricated parts and components. At present, various grades of polyethylene are used for an array of applications due to the exceptional impact & chemical resistance, low coefficient of friction, and electrical properties. Moreover, the demand for polyethylene continues to expand across Latin America due to its lightweight and optimum moisture absorption properties. While polyethylene continues to gain popularity across the different nations of Latin America, the adoption of polypropylene has also witnessed considerable growth across various industrial spheres.
In the current scenario, polyethylene and polypropylene are widely used across a host of end-use industries, including packaging, building & construction, electronics, consumer goods, agriculture, and automotive. Over the past few decades, the global production and consumption of plastic have increased at a staggering rate due to which, governments across the world are largely emphasizing on laying down stringent guidelines pertaining to the use of different grades of plastic in various industrial domains. The evolving regulatory landscape and growing discrepancies over the use of plastic are some of the factors that could impede the overall growth of the Latin America polyethylene and polypropylene market during the forecast period.
The culmination of these factors is likely to influence the growth trajectory of the Latin American polyethylene and polypropylene market during the assessment period. As per the study published by Transparency Market Research, the Latin America polyethylene and polypropylene market is poised to reach a market value of ~US$ 15 Bn by the end of 2030.
Due to the current ecological and economic landscape, the automotive sector is gradually slanting toward the production of energy and fuel-efficient vehicles. As the race toward the production of energy-efficient vehicles intensifies, the use of plastic including polyethylene and polypropylene has witnessed considerable growth, owing to lightweight properties. Lightweight characteristics of polyethylene and polypropylene are expected to minimize fuel consumption by nearly five to seven percent due to which, more number of automotive companies are largely inclined toward using polyethylene and polypropylene to produce different components.
Polypropylene is largely used to produce automotive bumpers, cable insulations, and carpet fibers across the automotive sector and as per current trends, the demand for polyethylene and polypropylene from the automotive sector is expected to grow at a steady pace during the forecast period. The growing interest in electric vehicles across Latin America could potentially impact the demand for polyethylene and polypropylene in the upcoming years. Despite electric vehicles making a strong statement in the automotive sector, automobiles that operate on internal combustion engines (ICE) are expected to remain popular during the forecast future. The demand for polypropylene will further experience considerable growth, as it is increasingly being used to replace metal parts and to develop the exterior and interior parts of a vehicle. In several regions of Latin America such as Argentina and Brazil, steel gasoline tanks are being replaced by high-density polyethylene gas tanks– a trend that is likely to influence the overall growth of the Latin America polyethylene and polypropylene market during the forecast period.
While the automotive sector is expected to provide abundant opportunities to the participants involved in the current Latin America polyethylene and polypropylene market, the packaging sector is expected to be at the forefront in terms of market share and value. Polyethylene has emerged as an ideal material of choice in the packaging sphere and is increasingly used in various forms of food containers and packing applications due to its ability to retain the freshness of the food products and provide a high level of food safety. Governments across Latin America are introducing stringent regulations pertaining to the use of plastic, due to which, a number of plastic recycling initiatives and projects has been initiated.
The first three quarters of 2020 are likely to remain a period of sluggish growth for the companies operating in the current Latin America polyethylene and polypropylene market. The dwindling demand from the automotive sector coupled with restrictions on trade and transportation are some of the key factors due to which, the Latin America polyethylene and polypropylene market is likely to witness sluggish growth during the COVID-19 pandemic. Domestic market players are expected to lower their prices to establish a strong presence in the market and capitalize on the looming opportunities in the packaging sector. Several projects in the pipeline are likely to be delayed due to the advent of the COVID-19 pandemic.
While bottlenecks across the supply chain are likely to cause a considerable dent to the growth of the Latin America polyethylene and polypropylene market, companies operating in the current market landscape are anticipated to focus on curating effective business continuity strategies and long-term strategies to recover from the current situation.
Analysts’ Viewpoint
The Latin America polyethylene and polypropylene market is expected to grow at a sluggish CAGR of ~4% during the forecast period. Some of the important factors that are likely to impact the market growth include, high demand from the automotive and the packaging sector, significant developments in material sciences, research and development, and optimum characteristics of these plastic variants. Domestic market players should focus on expanding their production capacity and lower their prices to compete with prices offered by players operating in the Asia Pacific region. While the growth will remain the slowest in 2020, the market will witness a steady growth beyond the last quarter of 2020.
Latin America Polyethylene and Polypropylene Market: Segmentation
This report on the polyethylene and polypropylene market in Latin America segments the market based on product, application, end use, and country & sub-region.
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1. Executive Summary: Latin America Polyethylene and Polypropylene Market
1.1. Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, 2019–2030
1.2. Key Trends - Demand-side Trends
1.3. Latin America Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, 2019–2030
1.4. TMR Growth Opportunity Wheel
2. Market Overview
2.1. Market Segmentation
2.2. Key Market Developments
2.3. Market Definitions
2.4. Market Indicators
2.5. Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunities
2.6. Porter’s Five Forces Analysis
2.7. Value Chain Analysis
2.8. COVID-19 Economic Impact on Latin America Polyethylene and Polypropylene industry
2.9. List of Potential Customers
3. Latin America Polyethylene and Polypropylene Market Pricing Analysis (US$/Ton), by Region, 2019–2030
4. Latin America Polyethylene and Polypropylene Production Output, 2019
5. Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, 2019–2030
5.1. Key Findings
5.2. Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Product Type, 2019–2030
5.2.1. Polyethylene
5.2.1.1. HDPE
5.2.1.2. LDPE
5.2.1.3. LLDPE
5.2.2. Polypropylene
5.2.2.1. Homopolymer
5.2.2.2. Block Copolymer
5.2.2.3. Random Copolymer
5.3. Latin America Polyethylene and Polypropylene Market Attractiveness Analysis, by Product Type
5.4. Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
5.4.1. Polyethylene
5.4.1.1. Film & Sheet Extrusion
5.4.1.2. Pipe Extrusion
5.4.1.3. Injection Molding
5.4.1.4. Blow Molding
5.4.1.5. Others
5.4.2. Polypropylene
5.4.2.1. Injection Molding
5.4.2.2. Fiber & Raffia
5.4.2.3. Film & Sheet
5.4.2.4. Blow Molding
5.4.2.5. Others
5.5. Latin America Polyethylene and Polypropylene Market Attractiveness Analysis, by Application
5.6. Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2019–2030
5.6.1. Polyethylene
5.6.1.1. Packaging
5.6.1.1.1. Rigid
5.6.1.1.2. Flexible
5.6.1.2. Construction
5.6.1.3. Automotive
5.6.1.4. Electrical & Electronics
5.6.1.5. Consumer Goods
5.6.1.6. Others
5.6.2. Polypropylene
5.6.2.1. Packaging
5.6.2.1.1. Rigid
5.6.2.1.2. Flexible
5.6.2.2. Automotive
5.6.2.3. Building & Construction
5.6.2.4. Electrical & Electronics
5.6.2.5. Consumer Goods
5.6.2.6. Others
5.7. Latin America Polyethylene and Polypropylene Market Attractiveness Analysis, by End-use
5.8. Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2030
5.9. Brazil Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Product Type, 2019–2030
5.9.1. Polyethylene
5.9.1.1. HDPE
5.9.1.2. LDPE
5.9.1.3. LLDPE
5.9.2. Polypropylene
5.9.2.1. Homopolymer
5.9.2.2. Block Copolymer
5.9.2.3. Random Copolymer
5.10. Brazil Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
5.10.1. Polyethylene
5.10.1.1. Film & Sheet Extrusion
5.10.1.2. Pipe Extrusion
5.10.1.3. Injection Molding
5.10.1.4. Blow Molding
5.10.1.5. Others
5.10.2. Polypropylene
5.10.2.1. Injection Molding
5.10.2.2. Fiber & Raffia
5.10.2.3. Film & Sheet
5.10.2.4. Blow Molding
5.10.2.5. Others
5.11. Brazil Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2019–2030
5.11.1. Polyethylene
5.11.1.1. Packaging
5.11.1.1.1. Rigid
5.11.1.1.2. Flexible
5.11.1.2. Construction
5.11.1.3. Automotive
5.11.1.4. Electrical & Electronics
5.11.1.5. Consumer Goods
5.11.1.6. Others
5.11.2. Polypropylene
5.11.2.1. Packaging
5.11.2.1.1. Rigid
5.11.2.1.2. Flexible
5.11.2.2. Automotive
5.11.2.3. Building & Construction
5.11.2.4. Electrical & Electronics
5.11.2.5. Consumer Goods
5.11.2.6. Others
5.12. Mexico Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Product Type, 2019–2030
5.12.1. Polyethylene
5.12.1.1. HDPE
5.12.1.2. LDPE
5.12.1.3. LLDPE
5.12.2. Polypropylene
5.12.2.1. Homopolymer
5.12.2.2. Block Copolymer
5.12.2.3. Random Copolymer
5.13. Mexico Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
5.13.1. Polyethylene
5.13.1.1. Film & Sheet Extrusion
5.13.1.2. Pipe Extrusion
5.13.1.3. Injection Molding
5.13.1.4. Blow Molding
5.13.1.5. Others
5.13.2. Polypropylene
5.13.2.1. Injection Molding
5.13.2.2. Fiber & Raffia
5.13.2.3. Film & Sheet
5.13.2.4. Blow Molding
5.13.2.5. Others
5.14. Mexico Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2019–2030
5.14.1. Polyethylene
5.14.1.1. Packaging
5.14.1.1.1. Rigid
5.14.1.1.2. Flexible
5.14.1.2. Construction
5.14.1.3. Automotive
5.14.1.4. Electrical & Electronics
5.14.1.5. Consumer Goods
5.14.1.6. Others
5.14.2. Polypropylene
5.14.2.1. Packaging
5.14.2.1.1. Rigid
5.14.2.1.2. Flexible
5.14.2.2. Automotive
5.14.2.3. Building & Construction
5.14.2.4. Electrical & Electronics
5.14.2.5. Consumer Goods
5.14.2.6. Others
5.15. Argentina Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Product Type, 2019–2030
5.15.1. Polyethylene
5.15.1.1. HDPE
5.15.1.2. LDPE
5.15.1.3. LLDPE
5.15.2. Polypropylene
5.15.2.1. Homopolymer
5.15.2.2. Block Copolymer
5.15.2.3. Random Copolymer
5.16. Argentina Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
5.16.1. Polyethylene
5.16.1.1. Film & Sheet Extrusion
5.16.1.2. Pipe Extrusion
5.16.1.3. Injection Molding
5.16.1.4. Blow Molding
5.16.1.5. Others
5.16.2. Polypropylene
5.16.2.1. Injection Molding
5.16.2.2. Fiber & Raffia
5.16.2.3. Film & Sheet
5.16.2.4. Blow Molding
5.16.2.5. Others
5.17. Argentina Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2019–2030
5.17.1. Polyethylene
5.17.1.1. Packaging
5.17.1.1.1. Rigid
5.17.1.1.2. Flexible
5.17.1.2. Construction
5.17.1.3. Automotive
5.17.1.4. Electrical & Electronics
5.17.1.5. Consumer Goods
5.17.1.6. Others
5.17.2. Polypropylene
5.17.2.1. Packaging
5.17.2.1.1. Rigid
5.17.2.1.2. Flexible
5.17.2.2. Automotive
5.17.2.3. Building & Construction
5.17.2.4. Electrical & Electronics
5.17.2.5. Consumer Goods
5.17.2.6. Others
5.18. Rest of Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Product Type, 2019–2030
5.18.1. Polyethylene
5.18.1.1. HDPE
5.18.1.2. LDPE
5.18.1.3. LLDPE
5.18.2. Polypropylene
5.18.2.1. Homopolymer
5.18.2.2. Block Copolymer
5.18.2.3. Random Copolymer
5.19. Rest of Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
5.19.1. Polyethylene
5.19.1.1. Film & Sheet Extrusion
5.19.1.2. Pipe Extrusion
5.19.1.3. Injection Molding
5.19.1.4. Blow Molding
5.19.1.5. Others
5.19.2. Polypropylene
5.19.2.1. Injection Molding
5.19.2.2. Fiber & Raffia
5.19.2.3. Film & Sheet
5.19.2.4. Blow Molding
5.19.2.5. Others
5.20. Rest of Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2019–2030
5.20.1. Polyethylene
5.20.1.1. Packaging
5.20.1.1.1. Rigid
5.20.1.1.2. Flexible
5.20.1.2. Construction
5.20.1.3. Automotive
5.20.1.4. Electrical & Electronics
5.20.1.5. Consumer Goods
5.20.1.6. Others
5.20.2. Polypropylene
5.20.2.1. Packaging
5.20.2.1.1. Rigid
5.20.2.1.2. Flexible
5.20.2.2. Automotive
5.20.2.3. Building & Construction
5.20.2.4. Electrical & Electronics
5.20.2.5. Consumer Goods
5.20.2.6. Others
5.21. Latin America Polyethylene and Polypropylene Market Attractiveness Analysis, by Country and Sub-region
6. Competition Landscape
6.1. Latin America Polyethylene and Polypropylene Market Share Analysis, by Company, 2019
6.2. Competition Matrix
6.2.1. Product Mapping-by Product Type
6.3. Company Profiles
6.3.1. Toray do Brasil Ltda.
6.3.1.1. Company Details (Headquarters, Year of Establishment, Revenue, Employee Strength)
6.3.1.2. Business Overview
6.3.1.3. Product/Services, Key End-use Industries
6.3.1.4. Financial Analysis
6.3.2. Exxonmobil México S.A. De C.V.
6.3.2.1. Company Details (Headquarters, Year of Establishment, Revenue, Employee Strength)
6.3.2.2. Business Overview
6.3.2.3. Product/Services, Technologies
6.3.2.4. Financial Analysis
6.3.2.5. Key Business Strategies
6.3.3. LyondellBasell Brasil Ltda
6.3.3.1. Company Details (Headquarters, Year of Establishment, Revenue, Employee Strength)
6.3.3.2. Business Overview
6.3.3.3. Product/Services, Key End-use Industries
6.3.3.4. Financial Analysis
6.3.3.5. Key Business Strategies
6.3.4. INEOS
6.3.4.1. Company Details (Headquarters, Year of Establishment, Revenue, Employee Strength)
6.3.4.2. Business Overview
6.3.4.3. Product/Services, Key End-use Industries
6.3.4.4. Financial Analysis
6.3.4.5. Key Business Strategies
6.3.5. CELANESE CORPORATION
6.3.5.1. Company Details (Headquarters, Year of Establishment, Revenue, Employee Strength)
6.3.5.2. Business Overview
6.3.5.3. Product/Services, Key End-use Industries
6.3.5.4. Financial Analysis
6.3.6. Chevron Phillips Chemical Company
6.3.6.1. Company Details (Headquarters, Year of Establishment, Revenue, Employee Strength)
6.3.6.2. Business Overview
6.3.6.3. Product/Services
6.3.6.4. Financial Analysis
6.3.7. SABIC
6.3.7.1. Company Details (Headquarters, Year of Establishment, Revenue, Employee Strength)
6.3.7.2. Business Overview
6.3.7.3. Product/Services, Key End-use Industries
6.3.7.4. Financial Analysis
6.3.8. Braskem Idesa
6.3.8.1. Company Details (Headquarters, Year of Establishment, Revenue, Employee Strength)
6.3.8.2. Business Overview
6.3.8.3. Product/Services, Key End-use Industries
6.3.9. Alpek
6.3.9.1. Company Details (Headquarters, Year of Establishment, Employee Strength)
6.3.9.2. Business Overview
6.3.9.3. Product/Services, Key End-use Industries
6.3.9.4. Financial Analysis
6.3.10. Borealis AG
6.3.10.1. Company Details (Headquarters, Year of Establishment, Revenue, Employee Strength)
6.3.10.2. Business Overview
6.3.10.3. Product/Services
6.3.10.4. Financial Analysis
6.3.10.5. Key Business Strategies
7. Primary Research - Key Insights
8. Appendix
8.1. Research Methodology and Assumptions
List of Tables
Table 01: Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by Product Type, 2019–2030
Table 02: Latin America Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by Product Type, 2019–2030
Table 03: Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 04: Latin America Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 05: Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by End-use, 2019–2030
Table 06: Latin America Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by End-use, 2019–2030
Table 07: Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2019–2030
Table 08: Latin America Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2030
Table 09: Brazil Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by Product Type, 2019–2030
Table 10: Brazil Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by Product Type, 2019–2030
Table 11: Brazil Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 12: Brazil Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 13: Brazil Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by End-use, 2019–2030
Table 14: Brazil Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by End-use, 2019–2030
Table 15: Mexico Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by Product Type, 2019–2030
Table 16: Mexico Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by Product Type, 2019–2030
Table 17: Mexico Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 18: Mexico Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 19: Mexico Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by End-use, 2019–2030
Table 20: Mexico Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by End-use, 2019–2030
Table 21: Argentina Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by Product Type, 2019–2030
Table 22: Argentina Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by Product Type, 2019–2030
Table 23: Argentina Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 24: Argentina Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 25: Argentina Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by End-use, 2019–2030
Table 26: Argentina Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by End-use, 2019–2030
Table 27: Rest of Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by Product Type, 2019–2030
Table 28: Rest of Latin America Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by Product Type, 2019–2030
Table 27: Rest of Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by Product Type, 2019–2030
Table 28: Rest of Latin America Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by Product Type, 2019–2030
Table 29: Rest of Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 30: Rest of Latin America Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 31: Rest of Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) Forecast, by End-use, 2019–2030
Table 32: Rest of Latin America Polyethylene and Polypropylene Market Value (US$ Mn) Forecast, by End-use, 2019–2030
List of Figures
Figure 01: Latin America Polyethylene and Polypropylene Market volume Share Analysis, by Product Type, 2019, 2025, and 2030
Figure 02: Latin America Polyethylene and Polypropylene Market Attractiveness Analysis, by Product Type
Figure 03: Latin America Polypropylene Market Volume Share Analysis, by Application, 2019, 2025, and 2030
Figure 04: Latin America Polypropylene Market Attractiveness Analysis, by Application
Figure 05: Latin America Polyethylene Market Volume Share Analysis, by Application, 2019, 2025, and 2030
Figure 06: Latin America Polyethylene Market Attractiveness Analysis, by Application
Figure 07: Latin America Polypropylene Market Volume Share Analysis, by End-use, 2019, 2025, and 2030
Figure 08: Latin America Polypropylene Market Attractiveness Analysis, by End-use
Figure 09: Latin America Polyethylene Market Volume Share Analysis, by End-use, 2019, 2025, and 2030
Figure 10: Latin America Polyethylene Market Attractiveness Analysis, by End-use
Figure 11: Latin America Polyethylene and Polypropylene Market Volume (Kilo Tons) and Value (US$ Mn), 2019–2030
Figure 12: Latin America Polyethylene and Polypropylene Market Value Share Analysis, by Country and Sub-region, 2019, 2025, and 2030
Figure 13: Latin America Polyethylene and Polypropylene Market Attractiveness Analysis, by Country and Sub-region
Figure 14: Company Market Share Analysis, 2019