The Latin America, Middle East and Africa Polypropylene Compounds Market would witness market growth of 8.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 865.3 Kilo Tonnes, showcasing a growth of 9.2% (2023-2030).
The development of bio-based compounds is gaining traction as an alternative to traditional fossil fuel-derived materials. Bio-based compounds utilize renewable feedstocks such as biomass, plant-based sources, and recycled materials to reduce reliance on finite resources and mitigate carbon emissions. Advancements in bio-based technologies and biopolymer formulations drive innovation and expand the range of sustainable material options available.
Moreover, the trend towards electrification and lightweight in the automotive industry drives demand for advanced compounds. To reduce the weight of vehicles, enhance their fuel efficiency, and optimize their performance, an expanding number of automotive components- interior trim, under-hood parts, battery housings, and structural components—are being manufactured with lightweight materials, such as polypropylene compounds. It offers advantages in terms of cost-effectiveness, design flexibility, and recyclability compared to traditional materials, positioning them as preferred solutions in the automotive sector.
The rising construction activity in the UAE fuels the demand for these compounds across various applications in infrastructure, piping, insulation, and building materials. The growth of the electronic devices industry in Brazil leads to the diversification of applications for these compounds. While traditional applications in packaging and casings remain relevant, there may be opportunities to explore new uses of these compounds in innovative electronic device designs and materials. According to the ITA, Brazil’s electronic device industry represented 43.7% of all IT-based revenue in 2023. The Brazilian devices sector generated a sum of US$21.5b in 2023, an increase of 1.1% from 2022. Hence, the rising electronics industry and construction expansion in the region are propelling the market’s growth.
The Brazil market dominated the LAMEA Polypropylene Compounds Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $755.3 million by 2030. The Argentina market is showcasing a CAGR of 10% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.4% during (2023 - 2030).
Free Valuable Insights: The Worldwide Polypropylene Compounds Market is Projected to reach USD 37 Billion by 2030, at a CAGR of 7.4%
Based on Product, the market is segmented into Mineral Filled PP Compounds, Compounded TPO, Compounded TPV, Glass Fiber Reinforced, Talc Filled, and Others. Based on Application, the market is segmented into Film & Sheet, Fiber, Raffia, and Others. Based on End-use, the market is segmented into Automotive, Building & Construction, Textile, Electrical & Electronics, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Product (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)
By End-use (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, kilo Tonnes, USD Billion, 2019-2030)
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