South America Molded Plastic Market Outlook, 2029
The South America Molded Plastic Market is segmented into By Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polystyrene, Polyurethane, Others), By Technology (Injection Molding, Blow Molding, Extrusion, Others), By Application (Building and Construction, Electrical and Electronics, Automotive, Packaging, Others)
- Bonafide Research
- 29-02-2024
- Pages : 75
- Figures : 12
- Tables : 17
- Region : South America
- Category : Manufacturing & Industry
- Machinery, Parts & Equipment
The South America Molded Plastic market is reach a market size of more than USD 16 Billion by 2029, by rising investment in infrastructure and consumer goods.
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Market Size (2029) USD 16 Billion
- Largest Market Brazil
- Fastest Market Brazil
- Format
Featured Companies
- 1. LG Chem Limited
- 2. DuPont de Nemours, Inc
- 3. Basf SE
- 4. Exxonmobil Corporation
- 5. Pactiv Evergreen Inc
- 6. Eastman Chemical Company
- More...
Molded Plastic Market Analysis
The South American moulded plastic market has been experiencing steady growth in recent years, driven by increasing industrialization, urbanisation, and consumer demand across the region. As economies develop and consumer lifestyles evolve, the demand for moulded plastic products in South America continues to expand. Moulded plastics find diverse applications in South America, spanning industries such as automotive, packaging, construction, electronics, healthcare, and agriculture. From automotive components and packaging materials to household goods and medical devices, moulded plastics play a crucial role in various sectors of the South American economy. The South American moulded plastic market is seeing a rise in the importance of sustainability and environmental responsibility, which is consistent with worldwide trends. In an effort to lessen the environmental effect of plastic manufacturing and consumption, manufacturers are progressively using eco-friendly materials, recycling techniques, and waste reduction initiatives. Furthermore, the South American moulded plastic market offers attractive investment opportunities for domestic and international investors looking to capitalise on the region's growing demand for plastic products. With favourable demographics, expanding consumer markets, and supportive government policies, South America presents a conducive environment for business growth and investment in the moulded plastic sector. As well, South America engages in significant intra-regional and international trade in moulded plastic products. Countries with advanced manufacturing capabilities export moulded plastics to neighbouring markets, while others rely on imports to meet domestic demand. Trade agreements and partnerships within South America and with other regions further influence the flow of moulded plastic products into the market. According to the research report "South America Moulded Plastic Market Outlook, 2029," published by Bonafide Research, the South America Moulded Plastic market is expected to reach a market size of more than USD 16 Billion by 2029. The demand for items made of moulded plastic is driven by South America's expanding manufacturing and industrial sectors. Moulded plastic components are used in a wide range of applications, including pipelines, home goods, electronic enclosures, automotive parts, packaging, and construction. These industries include the automotive, electronics, packaging, and consumer goods sectors. Rapid urbanisation and infrastructure development projects in South America stimulate the demand for moulded plastic products. As urban populations expand and infrastructure needs increase, there is a growing requirement for construction materials, piping systems, and utility components made from moulded plastics. The South American market for moulded plastic is mostly driven by the automobile sector. Plastic components for automobiles that are strong, lightweight, and visually pleasing are becoming more and more necessary as vehicle production and sales rise. Automotive uses for moulded plastic parts include electrical systems, engine components, external body panels, and interior trim. Technological advancements in moulding technologies, materials science, and product design drive innovation and expansion in the moulded plastic market. Manufacturers continually develop new plastic formulations, processing techniques, and product designs to meet evolving customer requirements, improve performance, and enhance competitiveness in the market.
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Download SampleMarket Dynamic
Major Drivers • Growth in End-Use Industries: The growth of key end-use industries such as automotive, construction, electronics, healthcare, and packaging fuels the demand for moulded plastic products. For instance, in the automotive sector, moulded plastics are extensively used in interior components, exterior body parts, and under-the-hood applications due to their lightweight, durability, and design flexibility. • Consumer Preferences and Lifestyle Changes: Changing consumer preferences and lifestyle trends drive demand for moulded plastic products in South America. Consumers increasingly seek convenience, functionality, and aesthetics in products, leading to a higher demand for moulded plastic items such as household appliances, furniture, toys, and consumer electronics. Major Challenges • Environmental Regulations: Increasing regulatory scrutiny and environmental regulations concerning plastic waste and pollution present challenges for the South American moulded plastic market. Compliance with regulations related to recycling, waste management, and product sustainability requires investment in technology upgrades, material innovations, and waste reduction strategies, adding to production costs and operational complexities for manufacturers. • Skills Shortage: Shortages of skilled labour, particularly in specialised areas such as mould design, tooling, and injection moulding operations, pose challenges for the South American moulded plastic market. The lack of qualified personnel and training programmes may limit the capacity for innovation, quality assurance, and process optimisation within the industry, hindering competitiveness and growth opportunities.
Molded Plastic Segmentation
| By Type | Polyethylene | |
| Polypropylene | ||
| Polyvinyl Chloride | ||
| Polyethylene Terephthalate | ||
| Polystyrene | ||
| Polyurethane | ||
| Others | ||
| By Technology | Injection Molding | |
| Blow Molding | ||
| Extrusion | ||
| Others | ||
| By Application | Building and Construction | |
| Electrical and Electronics | ||
| Automotive | ||
| Packaging | ||
| Others | ||
| South America | Brazil | |
| Argentina | ||
| Colombia | ||
Based on the types, they are segmented into polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, polystyrene, polyurethane, and others. In terms of technology types, they are segmented into injection moulding, blow moulding, extrusion, and hers. In South America, polyvinyl chloride significantly contributes to the market. PVC is a thermoplastic material with great versatility that can be readily moulded into a wide range of shapes and forms via the use of several processing processes, such as blow moulding, extrusion, and injection moulding. Because of its adaptability, it is used in a variety of sectors, including electronics, packaging, automotive, healthcare, and construction. PVC is known for its durability, weather resistance, and chemical stability, making it suitable for outdoor and harsh environmental applications. Moulded PVC products exhibit excellent resistance to moisture, corrosion, UV radiation, and chemicals, making them ideal for construction materials, outdoor furniture, window frames, and automotive components in the South American market. Furthermore, in terms of the technology types, blow moulding significantly contributes to the market. Plastic bottles, jars, and jerry cans, which are in high demand across a range of sectors, including food and beverage, pharmaceuticals, personal care, and home chemicals, are produced using the blow moulding technique. Because of blow moulding's adaptability, a wide range of forms, sizes, and designs of containers are produced to satisfy the different packaging requirements of South American customers and enterprises. Blow moulding offers cost-effective manufacturing solutions for producing plastic containers in large volumes. The process allows for high-speed production with relatively low tooling costs, making it economically viable for manufacturers seeking efficient and affordable packaging solutions in South America. According to the report, applications are segmented into building and construction, electrical and electronics, automotive, packaging, and others. In South America Electrical and electronics significantly contribute to the moulded plastic market. In South America, there is an increasing need for moulded plastic components due to the growing popularity of consumer electronics such as computers, tablets, smartphones, televisions, and household appliances. Electronic equipment requires moulded plastic enclosures, housings, covers, and connections because they offer functionality, aesthetics, and protection. The expansion of telecommunications infrastructure, including mobile networks, broadband internet, and telecommunication towers, requires moulded plastic components such as cable conduits, junction boxes, and antenna enclosures. Moulded plastics offer advantages in terms of durability, weather resistance, and ease of installation in outdoor and industrial environments. Furthermore, the moulded plastic parts are integral to the design and functionality of consumer appliances such as refrigerators, washing machines, air conditioners, and kitchen appliances. Plastic housings, panels, knobs, handles, and buttons enhance the aesthetics, ergonomics, and functionality of consumer appliances in the South American market. Moulded plastic components are used in various industrial equipment and machinery for electrical and electronic applications. Enclosures, panels, covers, and cable management systems made of plastic provide protection, insulation, and organisation of electrical and electronic components in industrial settings.
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Molded Plastic Market Regional Insights
Based on the report, the major countries covered include Brazil, Argentina, Colombia, and the rest of South America. In South America, Brazil leads the market. With the biggest economy in South America, Brazil offers a sizable market for items made of moulded plastic. The strong industrial foundation, wide range of manufacturing industries, and sizable consumer base of the nation all support the strong demand for moulded plastic goods and components. Brazil has well-developed industrial infrastructure, including manufacturing facilities, transportation networks, and logistics hubs, which support the production and distribution of moulded plastic products. The country's industrial clusters and economic zones attract investment and foster collaboration among manufacturers, suppliers, and service providers in the moulded plastic industry. Furthermore, Brazil's economy is characterised by a diverse range of end-use industries that drive demand for moulded plastic products. These industries include automotive, construction, packaging, consumer goods, electronics, healthcare, and agriculture, among others. Moulded plastic components are essential for various applications within these sectors, contributing to Brazil's leadership in the moulded plastic market. Brazilian companies in the moulded plastic industry invest in innovation, research, and technology adoption to enhance product quality, efficiency, and competitiveness. Advanced moulding technologies, materials science, and design capabilities enable Brazilian manufacturers to meet the evolving needs of domestic and international markets, further strengthening Brazil's position in the moulded plastic market.
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Companies Mentioned
- LG Chem Limited
- DuPont de Nemours, Inc
- Basf SE
- Exxonmobil Corporation
- Pactiv Evergreen Inc
- Eastman Chemical Company
- Chevron Corporation
- Eni S.p.A.
- LyondellBasell Industries N.V.
- Ineos Group Limited
Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Molded Plastic Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Types
- 5.4. Market Size and Forecast, By Technology
- 5.5. Market Size and Forecast, By Application
- 6. South America Molded Plastic Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Types
- 6.4. Market Size and Forecast, By Technology
- 6.5. Market Size and Forecast, By Application
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.3.1. XXXX
- 7.3.2. XXXX
- 7.3.3. XXXX
- 7.3.4. XXXX
- 7.3.5. XXXX
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. Brazil Molded Plastic Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Types
- 7.8.3. Market Size and Forecast By Technology
- 7.9. Argentina Molded Plastic Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Types
- 7.9.3. Market Size and Forecast By Technology
- 7.10. Columbia Molded Plastic Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Types
- 7.10.3. Market Size and Forecast By Technology
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. LyondellBasell Industries N.V.
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. BASF SE
- 8.5.3. Saudi Basic Industries Corporation
- 8.5.4. DuPont de Nemours, Inc.
- 8.5.5. Ineos Group Limited
- 8.5.6. Eastman Chemical Company
- 8.5.7. LG Chem Ltd
- 8.5.8. Eni S.p.A.
- 8.5.9. Chevron Corporation
- 8.5.10. ExxonMobil Corporation
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Molded Plastic Market Size and Forecast, By Types (2018 to 2029F) (In USD Billion)
Table 6: Global Molded Plastic Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 7: Global Molded Plastic Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 8: South America Molded Plastic Market Size and Forecast, By Types (2018 to 2029F) (In USD Billion)
Table 9: South America Molded Plastic Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 10: South America Molded Plastic Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 11: Influencing Factors for Molded Plastic Market, 2023
Table 12: Brazil Molded Plastic Market Size and Forecast By Types (2018 to 2029F) (In USD Billion)
Table 13: Brazil Molded Plastic Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 14: Argentina Molded Plastic Market Size and Forecast By Types (2018 to 2029F) (In USD Billion)
Table 15: Argentina Molded Plastic Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 16: Colombia Molded Plastic Market Size and Forecast By Types (2018 to 2029F) (In USD Billion)
Table 17: Colombia Molded Plastic Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Molded Plastic Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Molded Plastic Market Share By Region (2023)
Figure 6: South America Molded Plastic Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: South America Molded Plastic Market Share By Country (2023)
Figure 8: Brazil Molded Plastic Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Argentina Molded Plastic Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Columbia Molded Plastic Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2023
Figure 12: Porter's Five Forces of Global Molded Plastic Market
Molded Plastic Market Research FAQs
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