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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Silicones Market Analysis
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.
Latin America Silicones Market Report Snapshots
Latin America Silicones Market Size
Latin America Silicones Market Analysis
Latin America Silicones Companies
*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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Key Questions Answered in the Report
The Latin America silicones market is expected to be aided by the growth of the global silicones market, which is projected to grow at a CAGR of nearly 5% in the forecast period of 2024-2032.
The market is likely to reach a volume of 255.58 kilo metric tons 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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