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

The market is segmented by Product Type (Commodity Thermoplastics, Engineering Thermoplastics, High-performance Engineering Thermoplastics, and Other Product Types), End-user Industry (Packaging, Building and Construction, Automotive and Transportation, Electrical and Electronics, Sports and Leisure, Furniture and Bedding, Agriculture, Medical, and Other End-user Industries), and Geography (Brazil, Argentina, Chile, Colombia, and Rest of South America)

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South America Thermoplastics Market Size

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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

South America Thermoplastics Market

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

This section covers the major market trends shaping the South America Thermoplastics Market according to our research experts:

Packaging Industry to Dominate the Market

  • Packaging accounts for the largest application segment in the South American market. The prime reasons for the growing application of engineering plastics, in the packaging segment, are better wear and chemical resistance, ease of molding, recyclability, puncture resistance, and high mechanical strength.
  • Some of the major applications of engineering plastics, in the packaging segment, are as follows: packaging of bottled water, flexible packaging, such as sausage skin, flexible foils, such as shopping bag.
  • Polyethylene terephthalate (PET) is one of the plastics majorly used for packaging purposes, mostly in the food and beverage industry. Portability, design flexibility, ease of cleaning, light weight, and protection against moisture, are a few properties of PET, which makes it suitable for packaging purposes. In addition, low handling hazards, low toxicity, and absence of bisphenol A (BPA) and heavy metals are some of the other factors that allow PET to be used for food packaging.
  • PETs are used for making clamshells, bakery and take-out containers, microwaveable food trays, carbonated soft drink bottles, and other packages. Other applications include packaging materials for cooking oils, shampoo, hand wash, and more products.
  • Polyamide is another major engineering plastic that finds major application in the packaging sector. Bi-axially oriented and non-oriented polyamide films are used in medical and food packaging, owing to the former's high impact strength and good heat resistance.
  • Increasing household and commercial applications for containers, plastic bags, canisters, and tableware, among others, are expected to drive the consumption demand for plastics in the packaging sector, during the forecast period.
  • The usage of plastics for packaging products is expected to experience a fairly steady demand, during the forecast period. Requirements for rubber gloves in the healthcare sector, stretch films, garbage bags, and other medical devices, are anticipated to witness greater demand, in the coming years.
South America Thermoplastics Market Volume Share

Brazil to Dominate the South American Market

  • Brazil is a leading consumer of thermoplastics, in the automotive industry, due to the continuous emphasis on efficient vehicles in the country. The regulations regarding emissions have had an impact on the production of motor vehicles in the country, this dip has had an impact on the growth of thermoplastics in the country's automotive sector.
  • In addition to this, the country is one of the leading manufacturers of regional and business jets and manufactures a range of aerospace products, which include turboprops, military aircraft, agricultural aircraft, business aircraft, helicopters, and other general aviation aircraft.
  • The sales of consumer electronics, in the country, appear to have reached a saturation level. Consumers are more careful while buying expensive products, and this behavior is expected to continue in the upcoming years. Despite the challenging situation, Samsung and LG are continuing to strengthen their position in the country, as leading electronics manufacturing companies.
  • Such growth in various industries is expected to drive the market for thermoplastics in South American region during the forecast period.
South America Thermoplastics Market Regional Trends

South America Thermoplastics Industry Overview

The South America thermoplastics market is partially consolidated with the major players accounting for a decent share of the market. Some of the prominent players in the market include Solvay, Röchling, BASF SE, DSM, and LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.), among others.

South America Thermoplastics Market Leaders

  1. BASF SE

  2. Solvay

  3. DSM

  4. LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.)

  5. Röchling

*Disclaimer: Major Players sorted in no particular order

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South America Thermoplastics Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from Key End-user Industries

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Impact of COVID-19 Pandemic

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Commodity Thermoplastics

        1. 5.1.1.1 Polyethylene (PE)

        2. 5.1.1.2 Polypropylene (PP)

        3. 5.1.1.3 Polyvinyl Chloride (PVC)

        4. 5.1.1.4 Polypropylene (PP)

      2. 5.1.2 Engineering Thermoplastics

        1. 5.1.2.1 Polyamide (PA)

        2. 5.1.2.2 Polycarbonates (PC)

        3. 5.1.2.3 Polymethyl Methacrylate (PMMA)

        4. 5.1.2.4 Polyoxymethylene (POM)

        5. 5.1.2.5 Polyethylene Terephthalate (PET)

        6. 5.1.2.6 Polybutylene Terephthalate (PBT)

        7. 5.1.2.7 Acrylonitrile Butadiene Styrene (ABS)/Styrene Acrylonitrile (SAN)

      3. 5.1.3 High-performance Engineering Thermoplastics

        1. 5.1.3.1 Polyether Ether Ketone (PEEK)

        2. 5.1.3.2 Liquid Crystal Polymer (LCP)

        3. 5.1.3.3 Polytetrafluoroethylene (PTFE)

        4. 5.1.3.4 Polyimide (PI)

      4. 5.1.4 Other Product Types (PPE, PSU, PEI, PPS, ETFE, PFA, FEP, PBI)

    2. 5.2 End-user Industry

      1. 5.2.1 Packaging

      2. 5.2.2 Building and Construction

      3. 5.2.3 Automotive and Transportation

      4. 5.2.4 Electrical and Electronics

      5. 5.2.5 Sports and Leisure

      6. 5.2.6 Furniture and Bedding

      7. 5.2.7 Agriculture

      8. 5.2.8 Medical

      9. 5.2.9 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Brazil

      2. 5.3.2 Argentina

      3. 5.3.3 Chile

      4. 5.3.4 Colombia

      5. 5.3.5 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M (incl. Dyneon LLC)

      2. 6.4.2 Arkema

      3. 6.4.3 BASF SE

      4. 6.4.4 DuPont

      5. 6.4.5 DSM

      6. 6.4.6 Eastman Chemical Company

      7. 6.4.7 Evonik Industries AG

      8. 6.4.8 INEOS AG

      9. 6.4.9 LANXESS

      10. 6.4.10 LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.)

      11. 6.4.11 Röchling

      12. 6.4.12 SABIC

      13. 6.4.13 Solvay

      14. 6.4.14 TEIJIN LIMITED

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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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 Research 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.

The report covers the South America Thermoplastics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Thermoplastics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

South America Thermoplastics Industry Report

Statistics for the 2024 South America Thermoplastics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Thermoplastics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

South America Thermoplastics Report Snapshots

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