The Latin America, Middle East and Africa Polyolefin Market would witness market growth of 9.3% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 17,816.3 Kilo Tonnes, showcasing a growth of 7.8% (2023-2030).
Digitalization and Industry 4.0 technologies are making their mark on the polyolefin industry. These innovations are streamlining manufacturing processes, improving quality control, and optimizing supply chain management. Integrating data analytics and automation is enhancing efficiency and productivity in producing polyolefins. The industry has witnessed several mergers and acquisitions among major players. These strategic moves are aimed at achieving economies of scale, enhancing product portfolios, and expanding reach. Market consolidation is expected to continue as companies seek to strengthen their positions in the competitive market.
Polyolefins are the materials for packaging applications, including flexible and rigid packaging. Polyethylene, especially low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE), is widely used in producing plastic films, bags, bottles, and containers. Polypropylene is commonly employed in the packaging of food products, cosmetics, and pharmaceuticals. Polyolefins play a significant role in the automotive industry, where their use spans from interior components like dashboards, door panels, and seats to under-the-hood applications. They offer weight reduction, fuel efficiency, and improved performance. Polyolefins find use in industrial applications, including chemical containers, industrial tanks, and power cable insulation. They also contribute to infrastructure development through applications such as road and bridge construction.
LAMEA has been experiencing industrial growth in nations such as Brazil, South Africa, and the UAE. According to the Dubai Water and Electricity Authority (DEWA), the number of EVs in Dubai is estimated to be approximately 7,331 in 2023 and is expected to reach 12,852 by 2025. This supports Dubai's Green Mobility Strategy 2030, mandating 30% of public sector vehicles and 10% of all vehicle sales to be electric and hybrid by 2030. Polyolefins are employed in producing components for electric vehicle batteries, including separators and insulation materials. These materials provide electrical insulation and heat resistance, improving battery efficiency and safety. The above factors will drive the market growth in this region.
The Brazil market dominated the LAMEA Polyolefin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,532.1 million by 2030. The Argentina market is showcasing a CAGR of 9.9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 9.6% during (2023 - 2030).
Based on Application, the market is segmented into Film & Sheet, Injection Molding, Blow Molding, Profile Extrusion and Others. Based on Product, the market is segmented into Polyethylene (PE), Ethylene-Vinyl Acetate (EVA), Polypropylene (PP), Thermoplastic Polyolefins (TPO), Polyoxymethylene (POM), Polycarbonate (PC), Polymethyl Methacrylate (PMMA) and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Polyolefin Market is Projected to reach USD 428.1 Billion by 2030, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include China Petrochemical Corporation, LyondellBasell Industries Holdings B.V., PetroChina Company Limited, TotalEnergies SE, Chevron Corporation, Repsol Group, The Dow Chemical Company (Dow Corning Ltd.), Exxon Mobil Corporation, Braskem SE, and OMV group.
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Product (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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