Latin America silicones market size attained a value of USD 262.26 Million in 2023. The market is further expected to grow at a CAGR of 3.80% between 2024 and 2032, to reach a value of USD 366.87 Million by 2032.
Base Year
Historical Year
Forecast Year
Value in USD Million
2024-2032
Latin America Silicones Market Outlook
*this image is indicative*
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Silicones or polysiloxane, are oligomers with a silicon-oxygen backbone. They are capable of taking a variety of physical forms ranging from solids to liquids to semi-viscous pastes, greases and oils due to their molecular structure. Due to their properties like adhesion, water repellent, lubrication, anti-foaming, flexibility, and thermal and UV stability, silicones find application in a wide range of industries like:
Market Breakup by Type:
Market Breakup by Application:
Market Breakup by Region:
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Swift development of principal end-use industries like automotive, electrical, electronics and construction are expected to drive the growth in Latin America. Further, the presence of electronic producers should offer new opportunities for silicone producers in Latin America. Also, a broad crude oil production establishment in Brazil, Venezuela and Chile may stimulate the use of silicone polymers and fluids during the forecast period.
Rising demand for liquid silicone rubber is also likely to drive the market in Latin America. Expansion of the auto industry in Latin American markets, along with Asia Pacific and Africa, are projected to drive the high-temperature elastomer market growth. High-temperature elastomers are employed in the production of tyres, speciality rubber and seat cover. Silicones in Mexico might benefit from a robust increase in manufacturing activity.
The market for sealants and adhesives in Latin America should be driven by development in end-user segments such as construction and automobiles where adhesives and sealants are employed in panel laminating, flooring, insulation, facades, coating and lamination, etc. Chile, Colombia, Brazil, Peru and Argentina have witnessed rapid growth in their industrial sectors which has increased the demand for sealants and adhesives. While ecological concerns and volatility in prices of raw material may hinder market growth, bio-based sealants and adhesives may see greater demand in future. Among all types of sealants, silicone-based sealants should grow most rapidly during the forecast period owing to rising innovation in product development.
The report by EMR provides a detailed analysis of the silicones market in Brazil, Argentina and Chile. The report also analyses the types of feedstock for Latin America silicones market.
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The report analyses the following key players in the global and Latin America silicones market, looking into their capacity, market share and latest developments like mergers and acquisitions, plant turnarounds and capacity expansions:
EMR’s comprehensive report also provides an in-depth look into the price trends, trade data and the value chain of the Latin America silicones market.
Latin America Silicones Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The Latin America silicones market is expected to grow at a CAGR of nearly 3.80% in the forecast period of 2024-2032.
The Latin America silicones market is likely to reach a value of USD 366.87 Million by 2032.
The major drivers of the industry include rising disposable incomes, increasing population, and the rising construction and automobile industries.
The increased crude oil production establishment in Brazil, Venezuela as well as Chile may lead to an increased use of silicone polymers and fluids during the forecast period.
Brazil, Argentina, and Mexico, among others, are the major regional markets for silicone in Latin America.
Resins, fluids, gels, and elastomers are the leading types of silicones in the industry.
The significant application segments in the market are industrial process, construction materials, home and personal care, transportation, energy, healthcare, and electronics, among others.
The leading segments in the market are D5 and emulsion.
The leading players in the market are Elkem Silicones, Wacker Chemie AG, Dow Chemical Company, Evonik Industries AG, Momentive Performance Materials Inc., and Siltech Corporation, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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