Latin America Polyolefin Market - Forecast(2021 - 2026)
The Latin America Polyolefin Market is estimated to surpass $15.3 billion marks by 2023 growing at an estimated CAGR of more than 3.9% during 2018 to 2023. Packaging industry is having the highest market share in the year 2017 and is followed by Textile & fittings which is valued $4.2 billion and $3.3 billion respectively in the year 2017 and is anticipated to grow with a CAGR of 3.3% and 3.6% from the year 2018 to 2023. Brazil is having the highest market share with $7.3 billion and it is anticipated to grow with a CAGR of 4% during 2018 to 2023. What is Polyolefin? Polyolefin is a polymer that is created by polymerization of simple olefins. Olefins, also called as alkenes, are hydrocarbons with a carbon-hydrogen double bond. Polyolefin are hard, light in weight, and rigid in nature. They are majorly applied in structural plastics, Pipes & fittings, consumer goods, industrial products, and food packaging. They have waxy character and expand upon heating. They also retain...