Market by Type, Industry Vertical, and Country | Forecast 2019-2028
According to Triton, the expanded polystyrene (EPS) market in Latin America is expected to proliferate with a CAGR of 4.40% by revenue and 3.74% by volume in the forecast period of 2019-2028.
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The countries assessed in this
market are:
• Brazil
• Mexico
• Rest of Latin America countries
With the growing entry of
multinational companies in Brazil, the country’s manufacturing sector has
witnessed immense growth in recent years. In 2016, the export of meats in the
nation accounted for a percentage share of 6.8%. Whereas, machinery (including
computers) accounted for 6.3% and vehicles for 5.9%. This growth indicates the
need to adopt expanded polystyrene in Brazil. This is expected to benefit the
Brazilian market for EPS in the projected period.
Meanwhile, in Mexico, there
has been a surge in demand for insulation materials from the construction
sector for residential and non-residential construction purposes. The oil &
gas and automotive industries are also generating demand for these materials on
a large scale. The growing demand for EPS signals positive growth for the
Mexican expanded polystyrene market in the years to come.
Furthermore, there has been a
strong demand for EPS from countries like Colombia. This is attributable to the
increased household expenditure and also significant advances in the labor
market. In addition, increasing government incentives along with attractive
free-trade agreements, have attracted international manufacturing companies to
the Latin American region to establish their business units here. These moves
have helped enhance the demand for expanded polystyrene, which is aiding the
growth of the studied market in Rest of Latin America.
Alpek, S.A.B. de C.V.
manufactures polyesters and specialty chemicals. The major business of the
company is polyester – it brings in 75% revenue. The company serves numerous
end-user markets, such as food & beverage packaging, consumer goods,
textile & industrial filament, construction, automotive, agriculture,
pharmaceutical, oil industry, and others. Alpek is headquartered in Nuevo León,
Mexico. Employing a strong workforce of more than 5000 employees, the company
has numerous plants across the country as well as Argentina, Brazil, and Chile.
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VIEW REPORT1. LATIN
AMERICA EXPANDED POLYSTYRENE (EPS) MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. GREY
EPS IS ANTICIPATED TO GROW AT HIGHEST CAGR
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. IMPACT
OF COVID-19 – EXPANDED POLYSTYRENE (EPS)
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. MARKET
DRIVERS
2.7.1. ADVANTAGE
OVER ALTERNATIVE MATERIALS
2.7.2. INCREASING
DEMAND IN BUILDING & CONSTRUCTION AND PACKAGING SECTOR
2.8. MARKET
RESTRAINTS
2.8.1. INSTABILITY
IN CRUDE OIL PRICES
2.9. MARKET
OPPORTUNITIES
2.9.1. GROWING
DEMAND FOR LIGHTWEIGHT MATERIALS IN AUTOMOBILE INDUSTRY
2.10. MARKET
CHALLENGES
2.10.1. OBTAINABILITY OF ALTERNATIVE PRODUCTS
3. LATIN
AMERICA EXPANDED POLYSTYRENE (EPS) MARKET OUTLOOK – BY TYPE
3.1. WHITE
3.2. GREY
3.3. BLACK
4. LATIN
AMERICA EXPANDED POLYSTYRENE (EPS) MARKET OUTLOOK - BY INDUSTRY VERTICAL
4.1. PACKAGING
4.2. AUTOMOTIVE
4.3. DOMESTIC
APPLIANCES
4.4. CONSUMER
ELECTRONICS
4.5. BUILDING
& CONSTRUCTION
4.6. MEDICAL
4.7. OTHER
INDUSTRY VERTICALS
5. LATIN
AMERICA EXPANDED POLYSTYRENE (EPS) MARKET – REGIONAL OUTLOOK
5.1. BRAZIL
5.2. MEXICO
5.3. REST
OF LATIN AMERICA
6. COMPETITIVE
LANDSCAPE
6.1. ALPEK
SAB DE CV
6.2. ARKEMA
SA
6.3. BASF
SE
6.4. EVONIK
INDUSTRIES AG
6.5. KANEKA
CORPORATION
6.6. LG
CORPORATION
6.7. NOVA
CHEMICAL CORPORATION
6.8. SABIC
6.9. STYROCHEM
6.10. TOTAL
SA
6.11. RAVAGO
6.12. SIBUR
6.13. JACKON
GMBH
6.14. BEWISYNBRA
GROUP AB
6.15. SUNPOR
KUNSTSTOFF GMBH
7. METHODOLOGY
& SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES OF DATA
7.3. RESEARCH METHODOLOGY
TABLE 1: MARKET ATTRACTIVENESS
INDEX
TABLE 2: VENDOR SCORECARD
TABLE 3: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 4: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, 2019-2028 (IN KILOTON)
TABLE 5: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 6: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY TYPE, 2019-2028 (IN KILOTON)
TABLE 7: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY INDUSTRY VERTICAL, 2019-2028 (IN $
MILLION)
TABLE 8: LATIN
AMERICA EXPANDED POLYSTYRENE (EPS) MARKET, BY INDUSTRY VERTICAL, 2019-2028 (IN
KILOTON)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY WHITE, 2019-2028 (IN $ MILLION)
FIGURE 3: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY GREY, 2019-2028 (IN $ MILLION)
FIGURE 4: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY BLACK, 2019-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY PACKAGING, 2019-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY AUTOMOTIVE, 2019-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY DOMESTIC APPLIANCES, 2019-2028 (IN $
MILLION)
FIGURE 8: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY CONSUMER ELECTRONICS, 2019-2028 (IN $
MILLION)
FIGURE 9: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY BUILDING & CONSTRUCTION, 2019-2028
(IN $ MILLION)
FIGURE 10: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY MEDICAL, 2019-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY OTHER INDUSTRY VERTICALS, 2019-2028 (IN $
MILLION)
FIGURE 12: LATIN AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 13: BRAZIL EXPANDED
POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)
FIGURE 14: MEXICO EXPANDED
POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)
FIGURE 15: REST OF
LATIN AMERICA EXPANDED POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)