Industry Analysis of CO2-based Polymers in Latin America
CO2-based Polymer Sales Analysis in Latin America by Polycarbonates and Polyols for Poly(urethane) Foam for Packaging, Automotive Component Manufacturing, and Others from 2023 to 2033
Analysis of CO2-based Polymers in Latin America Covering Brazil, Mexico, Argentina, and Rest of Latin America
CO2-based Polymer Sales Outlook for Latin America (2023 to 2033)
Sales of CO2-based polymers in Latin America are estimated at US$ 170.3 million in 2023 and are foreseen to increase at a CAGR of 8.6% during the next 10 years to reach US$ 389.4 million by 2033-end.
CO2-based polymers, often referred to as carbon dioxide-based polymers or CO2-derived polymers, are a class of materials synthesized by incorporating CO2 as one of the raw materials during the polymerization process. Unlike conventional polymers derived mainly from petrochemical sources, these polymers integrate CO2, a greenhouse gas, into their molecular structure. This integration allows for a reduced carbon footprint and the utilization of CO2 as a valuable resource.
Growing tension about climate change and rising environmental awareness is increasing the need for sustainable and eco-friendly material-based products, and several scientists and researchers are exploring innovative solutions to meet this demand. One of the most promising advancements is the development of CO2-based polymers. These polymers not only offer a sustainable alternative to traditional plastics but also contribute to carbon dioxide (CO2) reduction, addressing two critical global challenges simultaneously.
| Report Attributes | Details |
|---|---|
| CO2-based Polymer Sales in Latin America (2023E) | US$ 170.3 Million |
| Forecasted Sales Value (2033F) | US$ 389.4 Million |
| Demand Growth (2023 to 2033) | 8.6% CAGR |
| Sales in Brazil (2023E) | US$ 79.7 Million |
| Sales in Mexico (2023E) | US$ 27.9 Million |
| Sales in Argentina (2033F) | US$ 104.6 Million |
| Key Companies Profiled | Asahi Kasei; Covestro; Empower Materials; Changhua Chemical Technology Company Ltd.; LanzaTech; Saudi Aramco (Novomer); NatureWorks; TotalEnergies Corbion; Cardia bioplastics; Avantium |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Which Factors are Driving Up Sales of CO2-based Polymers in Latin America?
“Supportive Government Policies for CO2-based Polymer Use in Several Countries”
The proactive stance of respective governments in Latin America in supporting the development and adoption of CO2-based polymers is not only fostering environmental sustainability but also driving economic growth. Through subsidies, tax benefits, and other incentives, respective governments are effectively reducing the cost barrier associated with these innovative materials. As a result, carbon dioxide-based polymers are becoming increasingly competitive with traditional polymers, positioning Latin America as a hub for sustainable material innovation and adoption.
“Growing Popularity of Versatile CO2-based Polymers in Key End-use Industries”
Across Latin America, several end-use industries are experiencing a surging demand for CO2-based polymers. This burgeoning interest can be attributed to the compelling environmental benefits of these innovative materials and their versatile properties, which cater to the specific needs of various sectors.
CO2-based polymers are being embraced not only for their eco-friendliness but also for their ability to deliver the performance and versatility required in diverse industrial applications. As sustainability remains a top priority for businesses and consumers alike, the adoption of CO2-based polymers is predicted to continue its upward trajectory, shaping the future of these industries in the region.
Country-wise Analysis
Sales of CO2-based polymers in Brazil, Argentina, and Mexico are influenced by a complex interplay of economic, environmental, and market-specific factors.
To understand the key drivers behind the adoption and growth of CO2-based polymers in these countries, buy Fact.MR’s detailed study analysis.
What’s Influencing the Sales of CO2-based Polymers in Brazil?
“Growing Research and Development Efforts to Reduce Cost of CO2-based Polymers”
- Increasing at a CAGR of 9.2%, sales of CO2-based polymers in Brazil are valued at US$ 79.7 million and are projected to reach US$ 192.5 million by 2033.
Collaborations between academic institutions, research centers, and competitors are fostering innovation in CO2-based polymer technology. Brazilian researchers are contributing to advancements in polymer synthesis, which is expanding the availability and cost-effectiveness of these materials.
How are CO2-based Polymer Suppliers Faring in Argentina?
“High Use of CO2-based Polymer Technology in Food and Beverage Packaging”
- Demand for CO2-based polymers in Argentina is valued at US$ 8.9 million in 2023.
The food and beverage sector in Argentina is a significant consumer of CO2-based polymers, especially in packaging applications. These materials offer a sustainable choice for food packaging, reducing the environmental impact of single-use plastics.
Why is Mexico a Profitable Space for CO2-based Polymer Manufacturers?
“Rapidly Developing Manufacturing Sector Increasing Consumption of CO2-based Polymers”
- Sales of CO2-based polymers are projected to reach US$ 63.8 million by 2033.
Mexico's strong manufacturing sector, including the automotive and electronics industries, is driving the demand for polymers. CO2-based polymers are increasingly sought after in these industries due to their versatile properties and eco-friendly nature.
Collaborations between Mexican manufacturers and international companies specializing in CO2-based polymers are expanding the availability of these materials in the country. These partnerships facilitate technology transfer and local production.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Category-wise Analysis
According to the detailed study by Fact.MR, a market research and competitive intelligence provider, the high sales of polycarbonates in Latin America can be attributed to their versatility, durability, compliance with regulations, and suitability for various industries, including automotive, construction, electrical and electronics, and consumer goods.
Why are Polycarbonates Highly Popular in Latin America?
“Sustainability Goals and Technological Advancements Increasing Consumption of Polycarbonates”
- Sales of polycarbonates stand at US$ 114.1 million in 2023 in Latin America.
Polycarbonates, a versatile and durable thermoplastic material, are witnessing high sales in Latin America due to a combination of factors that make them attractive to various industries in the region.
Polycarbonates can be recycled and reused in various applications, contributing to sustainability goals. The rising environmental concerns are forcing end-use industries in Latin America to seek materials with a lower environmental footprint, and polycarbonates align with these objectives.
Several ongoing research and technological advancements in polycarbonate manufacturing are leading to the development of specialized grades and formulations tailored to specific industries and applications. These innovations are expanding the utility of polycarbonates and their value.
Competitive Landscape
Leading carbon dioxide-based polymer companies in Latin America are adopting several marketing strategies to position themselves effectively and capitalize on the growing demand for these sustainable materials.
Prime CO2-based polymer manufacturers are investing significantly in R&D efforts. They are focusing on developing new CO2-based polymer formulations, optimizing production processes, and enhancing the performance characteristics of these materials. This strategy is helping them to increase their revenue shares.
- Alpek, a leading chemical manufacturing company in Mexico, is focusing on CO2-based polymer research and development activities as part of its sustainability efforts. The company is exploring the use of captured CO2 in polymer production, aiming to reduce emissions and contribute to a more sustainable future. Alpek's investments in these technologies reflect its commitment to environmental stewardship.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of CO2-based Polymer Study in Latin America
-
By Type :
- Polycarbonates
- Propylene Carbonates
- Ethylene Carbonates
- Cyclohexene Carbonates
- Polyols for Poly(urethane) Foam
- Polycarbonates
-
By Production Process :
- Electrochemistry
- Microbial Synthesis
- Thermocatalysis
-
By Application :
- Packaging
- Films
- Bottles
- Containers
- Trays
- Automotive Component Manufacturing
- Interior Components
- Structural Parts
- Construction Material Production
- Pipes
- Panels
- Insulation
- Electronics Component Manufacturing
- Casings
- Connectors
- Circuit Boards
- Textile Processing
- Fibers
- Non-Woven Fabrics
- Packaging
-
By Country :
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Table of Content
- 1. Latin America Industry - Executive Summary
- 2. Latin America Industry Overview
- 3. Industry Risks and Trends Assessment
- 4. Industry Background and Data Points
- 5. Latin America Industry Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 6. Latin America Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
- 6.1. Polycarbonates
- 6.2. Polyols for Poly(urethane) Foam
- 7. Latin America Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, by Production Process
- 7.1. Electrochemistry
- 7.2. Microbial Synthesis
- 7.3. Thermocatalysis
- 8. Latin America Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 8.1. Packaging
- 8.2. Automotive Component Manufacturing
- 8.3. Construction Material Production
- 8.4. Electronics Component Manufacturing
- 8.5. Textile Processing
- 8.6. Others (Medical Devices, Consumer Goods, etc.)
- 9. Latin America Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country
- 9.1. Brazil
- 9.2. Mexico
- 9.3. Argentina
- 9.4. Rest of Latin America
- 10. Brazil Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
- 11. Mexico Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
- 12. Argentina Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Rest of Latin America Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Industry Structure Analysis
- 15. Competition Analysis
- 15.1. Asahi Kasei
- 15.2. Covestro
- 15.3. Empower Materials
- 15.4. Changhua Chemical Technology Company Ltd.
- 15.5. LanzaTech
- 15.6. Saudi Aramco (Novomer)
- 15.7. NatureWorks
- 15.8. TotalEnergies Corbion
- 15.9. Cardia Bioplastics
- 15.10. Avantium
- 16. Assumptions And Acronyms Used
- 17. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Latin America Industry Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 02: Latin America Industry Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 03: Latin America Industry Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 04: Latin America Industry Value (US$ Mn) Analysis, by Production Process, 2018 to 2022
Table 05: Latin America Industry Value (US$ Mn) Analysis, by Production Process, 2023 to 2033
Table 06: Latin America Industry Value (US$ Mn) Opportunity Analysis, by Production Process, 2023 to 2033
Table 07: Latin America Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 08: Latin America Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 09: Latin America Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 10: Latin America Industry Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 11: Latin America Industry Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 12: Latin America Industry Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 13: Brazil Industry Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 14: Brazil Industry Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 15: Brazil Industry Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 16: Brazil Industry Value (US$ Mn) Analysis, by Production Process, 2018 to 2022
Table 17: Brazil Industry Value (US$ Mn) Analysis, by Production Process, 2023 to 2033
Table 18: Brazil Industry Value (US$ Mn) Opportunity Analysis, by Production Process, 2023 to 2033
Table 19: Brazil Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 20: Brazil Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 21: Brazil Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 22: Mexico Industry Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 23: Mexico Industry Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 24: Mexico Industry Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 25: Mexico Industry Value (US$ Mn) Analysis, by Production Process, 2018 to 2022
Table 26: Mexico Industry Value (US$ Mn) Analysis, by Production Process, 2023 to 2033
Table 27: Mexico Industry Value (US$ Mn) Opportunity Analysis, by Production Process, 2023 to 2033
Table 28: Mexico Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 29: Mexico Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 30: Mexico Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 31: Argentina Industry Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 32: Argentina Industry Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 33: Argentina Industry Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 34: Argentina Industry Value (US$ Mn) Analysis, by Production Process, 2018 to 2022
Table 35: Argentina Industry Value (US$ Mn) Analysis, by Production Process, 2023 to 2033
Table 36: Argentina Industry Value (US$ Mn) Opportunity Analysis, by Production Process, 2023 to 2033
Table 37: Argentina Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 38: Argentina Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 39: Argentina Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 40: Rest of Latin America Industry Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 41: Rest of Latin America Industry Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 42: Rest of Latin America Industry Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 43: Rest of Latin America Industry Value (US$ Mn) Analysis, by Production Process, 2018 to 2022
Table 44: Rest of Latin America Industry Value (US$ Mn) Analysis, by Production Process, 2023 to 2033
Table 45: Rest of Latin America Industry Value (US$ Mn) Opportunity Analysis, by Production Process, 2023 to 2033
Table 46: Rest of Latin America Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 47: Rest of Latin America Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 48: Rest of Latin America Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Latin America Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 02: Latin America Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 03: Latin America Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 04: Latin America Industry Incremental $ Opportunity, 2023 to 2033
Figure 05: Latin America Industry Share and BPS Analysis by Type, 2023 & 2033
Figure 06: Latin America Industry Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 07: Latin America Industry Attractiveness Analysis by Type, 2023 to 2033
Figure 08: Latin America Industry Share and BPS Analysis by Production Process, 2023 & 2033
Figure 09: Latin America Industry Y-o-Y Growth Projections by Production Process, 2023 to 2033
Figure 10: Latin America Industry Attractiveness Analysis by Production Process, 2023 to 2033
Figure 11: Latin America Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 12: Latin America Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 13: Latin America Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Latin America Industry Share and BPS Analysis by Country, 2023 & 2033
Figure 15: Latin America Industry Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 16: Latin America Industry Attractiveness Analysis by Country, 2023 to 2033
Figure 17: Brazil Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 18: Brazil Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 19: Brazil Industry Value Y-o-Y Growth and Forecast, 2033
Figure 20: Brazil Industry Incremental $ Opportunity, 2023 to 2033
Figure 21: Brazil Industry Share and BPS Analysis by Type, 2023 & 2033
Figure 22: Brazil Industry Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 23: Brazil Industry Attractiveness Analysis by Type, 2023 to 2033
Figure 24: Brazil Industry Share and BPS Analysis by Production Process, 2023 & 2033
Figure 25: Brazil Industry Y-o-Y Growth Projections by Production Process, 2023 to 2033
Figure 26: Brazil Industry Attractiveness Analysis by Production Process, 2023 to 2033
Figure 27: Brazil Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 28: Brazil Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 29: Brazil Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 30: Mexico Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 31: Mexico Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 32: Mexico Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 33: Mexico Industry Incremental $ Opportunity, 2023 to 2033
Figure 34: Mexico Industry Share and BPS Analysis by Type, 2023 & 2033
Figure 35: Mexico Industry Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 36: Mexico Industry Attractiveness Analysis by Type, 2023 to 2033
Figure 37: Mexico Industry Share and BPS Analysis by Production Process, 2023 & 2033
Figure 38: Mexico Industry Y-o-Y Growth Projections by Production Process, 2023 to 2033
Figure 39: Mexico Industry Attractiveness Analysis by Production Process, 2023 to 2033
Figure 40: Mexico Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 41: Mexico Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 42: Mexico Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 43: Argentina Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 44: Argentina Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 45: Argentina Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 46: Argentina Industry Share and BPS Analysis by Type, 2023 & 2033
Figure 47: Argentina Industry Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 48: Argentina Industry Attractiveness Analysis by Type, 2023 to 2033
Figure 49: Argentina Industry Share and BPS Analysis by Production Process, 2023 & 2033
Figure 50: Argentina Industry Y-o-Y Growth Projections by Production Process, 2023 to 2033
Figure 51: Argentina Industry Attractiveness Analysis by Production Process, 2023 to 2033
Figure 52: Argentina Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 53: Argentina Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 54: Argentina Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 55: Rest of Latin America Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 56: Rest of Latin America Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 57: Rest of Latin America Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 58: Rest of Latin America Industry Share and BPS Analysis by Type, 2023 & 2033
Figure 59: Rest of Latin America Industry Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 60: Rest of Latin America Industry Attractiveness Analysis by Type, 2023 to 2033
Figure 61: Rest of Latin America Industry Share and BPS Analysis by Production Process, 2023 & 2033
Figure 62: Rest of Latin America Industry Y-o-Y Growth Projections by Production Process, 2023 to 2033
Figure 63: Rest of Latin America Industry Attractiveness Analysis by Production Process, 2023 to 2033
Figure 64: Rest of Latin America Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 65: Rest of Latin America Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 66: Rest of Latin America Industry Attractiveness Analysis by Application, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the value of CO2-based polymer sales in Latin America?
Demand for CO2-based polymers is valued at US$ 170.3 million in 2023.
What is the future of CO2-based polymers in Latin America?
Sales of CO2-based polymers are projected to increase at a CAGR of 8.6% from 2023 to 2033.
How are CO2-based polymers placed in Latin America for 2033?
Sales of CO2-based polymers in Latin America are projected to reach US$ 389.4 million by 2033.
Which polymers are made from CO2?
Polycarbonates and polyols for poly(urethane) foam are key types of CO2-based polymers.
Which trend is driving the sales of CO2-based polymers in the region?
Sales of CO2-based polymers are primarily driven by the growing demand for sustainable and eco-friendly materials.
What is the role of carbon dioxide in polymer synthesis?
Carbon dioxide (CO2) plays a versatile role in polymer synthesis, contributing to the development of various types of polymers with unique properties.
Industry Analysis of CO2-based Polymers in Latin America