Charts & StatsSep 2, 2026

Global Petroleum Pitch market [2013-2023] by South America

By South America, the market is segmented into South America, Mexico, Brazil, and Rest of South America (2013-2023)

Author: Wantstats Research TeamSource: Wantstats Repository

Global Petroleum Pitch market [2013-2023] by South America — full underlying data
Label	South America	Mexico	Brazil	Rest of South America
2013	44.68 USD Mn	20.33 USD Mn	14.78 USD Mn	9.58 USD Mn
2014	46.06 USD Mn	20.94 USD Mn	15.27 USD Mn	9.85 USD Mn
2015	47.95 USD Mn	21.78 USD Mn	15.94 USD Mn	10.22 USD Mn
2016	49.41 USD Mn	22.43 USD Mn	16.48 USD Mn	10.51 USD Mn
2017	50.44 USD Mn	22.87 USD Mn	16.87 USD Mn	10.7 USD Mn
2018	51.59 USD Mn	23.38 USD Mn	17.3 USD Mn	10.91 USD Mn
2019	52.86 USD Mn	23.93 USD Mn	17.77 USD Mn	11.15 USD Mn
2020	54.2 USD Mn	24.52 USD Mn	18.28 USD Mn	11.41 USD Mn
2021	55.82 USD Mn	25.23 USD Mn	18.87 USD Mn	11.71 USD Mn
2022	57.48 USD Mn	25.96 USD Mn	19.49 USD Mn	12.03 USD Mn
2023	59.19 USD Mn	26.71 USD Mn	20.13 USD Mn	12.36 USD Mn

Data Source: Wantstats Repository

Market Dynamics

Mexico accounted for the largest market share in 2017 in the South America petroleum pitch market, and is expected to reach USD 26.71 Million in 2023 from USD 22.87 Million in 2017. However, Brazil is the fastest growing market, which is expected to grow at a CAGR of 3.08% during the forecast period 2018 - 2023. brake pads segment accounted for the largest market share in 2017, this market is expected to reach USD 23.08 Million in 2023 from USD 19.27 Million in 2017. This market is projected to grow at a CAGR of 3.13% during the forecast period from 2018 - 2023. However, brake pads segment is the fastest growing market, which is expected to grow at a CAGR of 3.13% during the forecast period 2018 - 2023. high performance segment accounted for the largest market share in 2017, this market is expected to reach USD 34.88 Million in 2023 from USD 29.01 Million in 2017. This market is projected to grow at a CAGR of 3.21% during the forecast period from 2018 - 2023. However, high performance segment is the fastest growing market, which is expected to grow at a CAGR of 3.21% during the forecast period 2018 - 2023.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.

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