Bio-lubricants Market End-use Industry, By Others
| Label | South America | Argentina | Mexico | Brazil | Rest of South America |
|---|---|---|---|---|---|
| 2016 | 2455.833066 USD Mn | 297.8182681 USD Mn | 824.8727926 USD Mn | 1183.163243 USD Mn | 149.978763 USD Mn |
| 2017 | 2635.804536 USD Mn | 316.2965443 USD Mn | 882.9945195 USD Mn | 1278.3652 USD Mn | 158.1482721 USD Mn |
| 2018 | 2830.202433 USD Mn | 336.0682628 USD Mn | 945.62507 USD Mn | 1381.673367 USD Mn | 166.8357339 USD Mn |
| 2019 | 3045.416016 USD Mn | 357.8371146 USD Mn | 1014.856822 USD Mn | 1496.34647 USD Mn | 176.3756101 USD Mn |
| 2020 | 3283.367549 USD Mn | 381.7570027 USD Mn | 1091.275286 USD Mn | 1623.511663 USD Mn | 186.8235966 USD Mn |
| 2021 | 3542.993474 USD Mn | 407.6304496 USD Mn | 1174.469765 USD Mn | 1762.830463 USD Mn | 198.0627957 USD Mn |
| 2022 | 3840.012512 USD Mn | 437.1773568 USD Mn | 1269.582124 USD Mn | 1922.348691 USD Mn | 210.9043404 USD Mn |
| 2023 | 4162.573563 USD Mn | 468.9382918 USD Mn | 1372.608713 USD Mn | 2096.413436 USD Mn | 224.6131226 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Brazil accounted for the largest market share in 2017 in the South America polyurethane foam market research report: forecast to 2023 market, and is expected to reach USD 2096.41 Million in 2023 from USD 1278.37 Million in 2017.This market is projected to grow at a CAGR of 8.70% during the forecast period from 2018 - 2023. segment accounted for the largest market share in 2017, this market is expected to reach USD -1.00 Million in 2023 from USD -1.00 Million in 2017. This market is projected to grow at a CAGR of -1.00% during the forecast period from 2018 - 2023. However, spray segment is the fastest growing market, which is expected to grow at a CAGR of 7.93% during the forecast period 2018 - 2023. building and construction segment accounted for the largest market share in 2017, this market is expected to reach USD 1456.94 Million in 2023 from USD 865.86 Million in 2017. This market is projected to grow at a CAGR of 9.15% during the forecast period from 2018 - 2023. However, building and construction segment is the fastest growing market, which is expected to grow at a CAGR of 9.15% 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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