Latin America Polyethylene and Polypropylene Market: Introduction

In terms of value, the polyethylene and polypropylene in Latin America is anticipated to expand at a CAGR of ~4% from 2020 to 2030. Rise in demand for flexible and rigid packaging products is expected to propel the demand for polyethylene and polypropylene in Latin America during the forecast period. The growth in demand for electrical appliances is also boosting the consumption of polypropylene and polyethylene in the manufacturing of electrical appliances. Moreover, increase in demand for food packaging and rise in preference for packaged & convenience food among consumers, owing to the improvement in lifestyle of the population in developing countries, are propelling the demand for polyethylene and polypropylene products in food packaging. The expansion of major retail networks in emerging economies such as Brazil, Mexico, and Argentina is also augmenting the demand for plastic packaging of food and beverages, fast-moving consumer goods, and durable products. This is providing an impetus to the polyethylene and polypropylene market in Latin America.

Request PDF Brochure :https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=77446

Volatility in Prices of Raw Materials to Hamper Market

Raw materials of polyethylene and polypropylene are derived from petrochemicals. Thus, prices are highly dependent on global petrochemical prices. Fluctuation in the in oil & gas industry affects the production of petrochemicals. This, in turn, leads to fluctuation in the prices of polyethylene and polypropylene.  The decline in oil and gas prices can lead to a significant decrease in prices of virgin polymers. As a result, the demand for recycled polyethylene and polypropylene plastics decreases. Volatility in prices of virgin plastics creates fluctuations in demand for recycled polyethylene and polypropylene plastics. The use of recycled and virgin colored polybags for non-food applications is permitted in Mexico, but discouraged for packaging of food items under the Recycled Plastics (Manufacture & Usage) Rules, 1999. This is likely to hamper the polyethylene and polypropylene market in Latin America during the forecast period.

The COVID-19 outbreak has adversely affected the supply of raw materials used in the manufacturing of polypropylene and polyethylene. Manufacturing slowdown in China and the U.S. has not only negatively impacted the production of polyethylene and polypropylene, but has also hampered the supply of raw material across the globe.

Explore Transparency Market Research’s award-winning coverage of the global Industry:
https://www.prnewswire.com/news-releases/increasing-applications-sectors-to-push-uv-absorbers-market-growth-asia-pacific-segment-to-emerge-as-dominant-regional-segment-capturing-47-59-by-2027–projects-tmr-301026044.html 

Polyethylene Products to Dominate Latin America Polyethylene and Polypropylene Market

In terms of product, the polyethylene and polypropylene market in Latin America has been bifurcated into polyethylene and polypropylene. The polyethylene segment dominated the market in the region in terms of revenue in 2019. The polypropylene segment is estimated to be highly lucrative from 2020 to 2030. The polyethylene segment has been further classified into HDPE, LDPE, and LLDPE. HDPE dominated the polyethylene segment of the polyethylene and polypropylene market in Latin America in 2019.

The polypropylene segment has been further divided into homopolymer, random copolymer, and block copolymer. The homopolymer segment dominated the polypropylene market in Latin America in 2019.

Buy Now :https://www.transparencymarketresearch.com/checkout.php?rep_id=77446&ltype=S

Competition Landscape

Key plastic manufacturers dominated the polyethylene and polypropylene market in Latin America in 2019. Mexico has been a lucrative country of the polyethylene and polypropylene market in the region since the last few years. Leading manufacturers of polyethylene and polypropylene in the country have taken initiatives to expand their presence through acquisitions, expansion of production capacity, and strategic partnerships. In February 2018, LyondellBasell Industries Holdings B.V. acquired A. Schulman, Inc., a global supplier of high-performance plastic compounds, composites, and powders, for US$ 2.25 Bn. In July 2019, Exxon Mobil Corporation commenced production of a new line of high-performance polyethylene at its polyethylene plant at Beaumont, Texas, the U.S. In May 2020, INEOS announced plans to build a new ethylene oxide (EO) unit as well as associated downstream ethylene oxide derivatives (EOD) unit at the company’ Chocolate Bayou manufacturing facility located at south of Houston, Texas, on the Gulf of Mexico coast.

Key manufacturers operating in the polyethylene and polypropylene in Latin America are Toray do Brasil Ltda., Exxonmobil México S.A. De C.V., LyondellBasell Brasil Ltda, INEOS, CELANESE CORPORATION, Chevron Phillips Chemical Company, SABIC, Braskem Idesa, Alpek, and Borealis AG.

Latin America Polyethylene and Polypropylene Market: Segmentation

Latin America Polyethylene and Polypropylene Market, by Product

Polypropylene
Homopolymer
Block Copolymer
Random Copolymer
Polyethylene
HDPE
LDPE
LLDPE

Latin America Polyethylene and Polypropylene Market, by Application

Polypropylene
Injection Molding
Fiber & Raffia
Film & Sheet
Blow Molding
Others (including Other Extrusions)
Polyethylene
Films & Sheet Extrusion
Pipe Extrusion
Injection Molding
Blow Molding
Others (including Extrusion Coating)

Latin America Polyethylene and Polypropylene Market, by End Use

Polypropylene
Packaging
Rigid
Flexible
Automotive
Building & Construction
Electrical & Electronics
Consumer Goods
Others

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.