South America Extruded Plastic Market - Forecasts from 2024 to 2029

South America Extruded Plastic Market - Forecasts from 2024 to 2029

The South American extruded plastic market is expected to experience a CAGR of 4.04% throughout the forecast period, reaching a market size of US$3.491 billion by 2029. This represents a substantial increase from US$2.646 billion recorded in 2022.

Several factors are expected to propel the expansion of the South American extruded plastic market. For instance, the demand for extruded plastic goods is expected to increase due to continuous infrastructure development projects and urbanization, especially in the construction industry. Further, the demand is surging in several industries, including packaging, cars, and consumer products, because of population growth and growing consumer expenditure. As per the National Library of Medicine, plastic materials are among the most widely used because of their excellent molding adaptability, low weight, and ability to withstand impact and germs. Plastics are then used to make disposable items, electronic packaging, and household and commercial machinery, which significantly impact the extruded plastic market. In 2021, plastic manufacturing in Brazil was 7.1 million tons, bringing in BRL 127.5 billion.

BOHLER offers elite businesses in sectors with an eye toward the future. The business has highly creative experts who require not just high-performance materials but also clever solutions that push the boundaries of what is conceivable. For instance, it produces plastic extrusion products like BOHLER A911SA, BOHLER M300, BOHLER M303, and BOHLER M310, among others. Furthermore, Pexco has more than 50 years of experience in providing extruded plastic solutions in a variety of markets, including over 30 distinct applications. Pexco, being a plastic extrusion firm, offers main categories into which it organizes these production solutions. While producers may be drawn to advances in extrusion technology that emphasize efficiency and capacity, the demand for recyclable and environmentally friendly extruded plastic materials is anticipated to increase in response to an increasing focus on environmental sustainability. The market landscape is also significantly shaped by industry alliances, government laws, economic trends, and investments in research and development. Consumer demands for robust and lightweight goods also have an impact on industry innovation. Overall, the expansion of the South American extruded plastic market is impacted by several industrial, economic, technical, and regulatory factors.

Utilization in various end-user industries propels the market.

The South American extruded plastic market is impacted by its broad use across several industries. Market growth is driven by strong demand in consumer products, automotive, packaging, mining, electrical, and construction industries. The market is greatly impacted by developments in lightweight building materials and flexible packaging. The state of the sector is also greatly influenced by developments in extrusion technology and adherence to environmental laws.

To compete for funding for infrastructure projects, the Ministry of Regional Development (MDR) and the Investment Partnerships Programme (PPI) have pushed the projects internationally. Paulo Guedes, the former economy minister of Brazil, said that the GOB had received over $24 billion in concession fees and more than $96 billion in pledged investments in August 2022. To ensure safe transmission, extruded plastic is used as insulation in wires and cables throughout the energy-generating process. It is also used in the manufacturing of conducts and cable ducts to shield cables from mechanical harm and environmental elements. These uses improve electricity distribution networks' dependability and efficiency. In addition, extruded plastic is widely used in the mining industry to make sturdy pipes and tubing for fluid transportation as well as conveyor belt components. These applications benefit from the material's corrosion resistance and lightweight design, which are ideal in harsh mining conditions. According to Agencia Nacional De Mineria, in 2021, mining accounted for 1.3% of Colombia’s GDP. With 56% of the mining GDP, coal came in first. Metals and gold came in second, making 29%. Overall, the market's susceptibility to wider industrial and economic developments is highlighted by the dynamic utilization across end-user sectors.

Segmentation:

By Type:

Polypropylene (PP)
Polyethylene (PE)
LDPE
HDPE
Polyvinyl Chloride (PVC)
Others
By End-User Industry:

Construction
Electrical and Electronics
Packaging
Automotive
Others
By Country:

Brazil
Argentina
Others