With IUPAC nomenclature poly (alkene), polyolefins are macro molecules formed by polymerization of olefin monomer units. The Latin America Polyolefin Market is primarily driven by few reasons like increased adoption of plastics in the construction applications; consumer goods, food packaging, reduction in feedstock prices and APAC region which is healthily contributing to the market in terms of strong demand. The most common polyolefins: polypropylene (PP) and polyethylene (PE) are prominent in a wide array of applications especially in the making of plastic, thus having high standards for demand and supply. With rising usage and importance of plastic globally, the demand for Polyolefins is not going to fall down anytime soon.
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Overall Market Estimations:
Overall Latin America Polyolefin Market is expected to touch and cross the $13 Billion mark by end of 2021, according to studies conducted by IndustryARC. Packaging, textile, fittings, continuous expansion projects and few more are the top leading propellants for this market in this region. Among all the places within Latin America, Brazil is accounted to be a top leader with projected estimation of $6.6 Billion by 2021 end. Brazil shall grow at a CAGR of 4% during the coming 5-6 years, says research. Colombia and Chile are the growth frontiers for the Latin America Polyolefin manufacturers, providing a huge potential market to be tapped.
Geographical Expertise on Latin America Polyolefin Market:
The geographical analysis of the report is segmented by countries which include Brazil, Mexico, Colombia, Argentina, Peru, Chile and others. Brazil region had the highest volume sales in 2014 due to prevalence of the infrastructure development projects and increased packaging applications. The significant growth in infrastructure projects is set to propel the Mexican volume at a CAGR of 4.06% till 2020. The significant growth in recent years of the packaging industry, particularly in Brazil, will also positively affect the market.
Segmentation of Latin America Polyolefin Market:
Latin America Polyolefin Market is segmented into broadly 4 types by IndustryARC analysis on the basis of certain deciding factors. Sub segments and the main types are all included in detail in this research report prepared by market experts.
1. By Type: Polyethylene and Polypropylene
2. By Process: Blow Molding, Film & Sheet, Injection Molding, Pipe & Extrusion and Others.
3. By Application: Films, Automobiles, Textiles & Fittings and Others.
4. By Country: Brazil, Mexico, Colombia and Others.
Top Industry Vendors of the Latin America Polyolefin Market:
Among the Latin America Polyolefin Market, the following below are noted to be the top most prominent players with leading experience and brand image:
• The Dow Chemical Co.
• BOREALIS AG
• Braskem S.A.
• Petróleos Mexicanos S.A. De C.V.
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