South America Polypropylene Compounds Market

Market Introduction

The SAM region includes countries such as Brazil, Argentina, and the Rest of SAM. The markets in various economies from the region are expected to witness growth throughout the forecast period due to the growing demand for polypropylene compounds from various industries. Brazil is one of the major markets in the region. In Brazil, the automotive industry is constantly expanding and developing. Brazil is one of the biggest automotive producers in the world. The growth of the industry is mainly attributed to foreign investments made by some of the largest automobile producers in the world. The incentives and programs created and implemented by the government to boost investments and to attract more investors to the industry offer numerous business opportunities. Various countries are focusing on strategies to remain competitive in the electronics sector. With the growth of the industries such as packaging, electronics, automotive, and construction, the demand for polypropylene compounds is expected to be high during the forecast period in the region.

In SAM, Brazil has the highest number of COVID-19 cases, followed by Argentina, Colombia, Peru, Chile, among others. The governments of SAM countries have taken various actions to protect their citizens and combat the spread of the disease through lockdowns, trade bans, and travel restrictions. This may impact the growth of the polypropylene compounds market. The manufacturing and construction sectors in the region have been severely affected. The economy of Brazil depends on the construction sector that contributes significantly to the country’s GDP. However, amid the global economic crisis caused by the COVID-19 pandemic, the construction sector’s contribution to the Brazilian economy has decreased. Vaccine procurement and administration will have a significant impact on the region’s recovery. In some areas of Brazil, vehicle production volumes are almost back to the pre-pandemic levels. However, the shortages of key vehicle components are posing challenges for some automotive manufacturers. All business activities are expected to gradually recover in the coming months as the governments from the region continue to push forward their reopening plan to kick start their economies.           

South America Polypropylene Compounds Strategic Insights

Strategic insights for the South America Polypropylene Compounds provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America Polypropylene Compounds Report Scope

South America Polypropylene Compounds Regional Insights

The geographic scope of the South America Polypropylene Compounds refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The polypropylene compounds market in SAM is expected to grow from US$ 1,644.93 million in 2021 to US$ 2,524.33 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028. One of the well-known problems with industrial fabric is the generation of static electricity. Polypropylene fabric reflects no static electricity. Even if the issue occurs, it can easily be controlled by using anti-static treatments. Since polypropylene fabric is a non-woven material, it is cheaper than woven or spun materials. Polypropylene is sturdy yet flexible; it can be molded into different sizes and shapes. It can be used in making extra-large polypropylene woven bags to transport heavy food ingredients such as flour, while it can also be used in the production of small polypropylene totes for packing pet food. Thus, the material can be used to create a variety of goods carrying bags, including sandbags, feed bags, and tote bags. Further, these materials can be recycled even after recurrent use, which may lead to a reduction in carbon footprint. The versatility, as well as affordability of polypropylene fabric, further make it an ideal option for a wide range of industrial packaging applications. Like polyethylene, polypropylene has low density, which makes it lightweight. Thus, the suitability of polypropylene in wide-range packaging applications is creating significant opportunities for the polypropylene compounds market players.     

Key Market Segments

SAM polypropylene compounds market is segmented into type, end user and country. Based on type, the SAM polypropylene compounds market is segmented into mineral filled PP compounds, compounded TPO, compounded TPV, glass reinforced, and others. The mineral filled PP compounds segment held the largest share of the market in 2020. Based on end user, the SAM polypropylene compounds market is divided into automotive, electricals and electronics, packaging, building and construction, textiles, and others. The automotive segment held the largest share of the SAM polypropylene compounds market in 2020. Based on country, the SAM polypropylene compounds market is segmented into Brazil, Argentina, and rest of SAM. Rest of SAM held the largest market share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the polypropylene compounds market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Borealis AG; Exxon Mobil Corporation; LyondellBasell Industries Holdings B.V.; SABIC; Sumitomo Chemical Co., Ltd; Total; and Trinseo.        

Reasons to buy report

• To understand the SAM polypropylene compounds market landscape and identify market segments that are most likely to guarantee a strong return.
• Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM polypropylene compounds market.
• Efficiently plan M&A and partnership deals in SAM polypropylene compounds market by identifying market segments with the most promising probable sales.
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM polypropylene compounds market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM

SAM Polypropylene Compounds Market -

By Type

• Mineral Filled PP Compounds
• Compounded TPO
• Compounded TPV
• Glass Reinforced
• Others

SAM Polypropylene Compounds Market - By

End User

• Automotive
• Electricals and Electronics
• Packaging
• Building and Construction
• Textiles
• Others

SAM Polypropylene Compounds Market - By Country

• Brazil
• Argentina
• Rest of SAM

SAM Polypropylene Compounds Market - Company Profiles

• Borealis AG
• Exxon Mobil Corporation
• LyondellBasell Industries Holdings B.V.
• SABIC
• Sumitomo Chemical Co., Ltd
• Total
• Trinseo