South America Thermoplastics Market
The major trend driving the thermoplastics market is the growing demand for Developing countries like Brazil, is reflected in growing production of thermoplastics: in 2015 production of thermoplastics amounted to XX million tonnes.
South America thermoplastics production is currently estimated to be XX million tonnes in 2015 and is expected to reach XX million tonnes by 2020 showing a compound annual growth rate of XX%. Brazil currently dominates the market for thermoplastics followed by Argentina. The developing regions of South America are expected to increase its market share in the future owing to the growing purchasing power in the developing countries.
Thermoplastics are used in an increasing number of markets – from Packaging, Building & Construction, Electrical & electronics, Automotive & transportation, Furniture & bedding, Sports & leisure and a number of other segments.
Drivers
China is the most attractive market for polyethylene in the world and will be the principal driver for South America thermoplastics demand to 2020. The rapid increase in downstream processing capacity additions, primarily geared towards export markets, will be the main driver of polyethylene demand in the future. The study indicates that innovations in packaging, rising living standards and population, growing demand in end user markets, and emerging economies are anticipated to boost the industry.
Challenges
The industry is expected to face certain challenges such as regulatory standards to reduce CO2 emissions, fluctuation of crude oil prices, and product commoditization.
What the report contains
The report elucidates the situation of thermoplastics around the world and studies the markets of the thermoplastics type which include Acrylonitrile butadiene styrene (ABS), Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyvinyl chloride (PVC) and others.
Lastly, the report is divided by countries – Brazil, Argentina and others; where-in the market share of each region is analyzed and estimates are provided for the next 5 years. The various applications of thermoplastics have been discussed in detail in addition to a comprehensive overview of the market.
