The output in the 'Chemicals' segment of the manufacturing market in Latin America was forecast to continuously increase between 2024 and 2029 by in total 9.8 billion U.S. dollars (+4.72 percent). After the seventh consecutive increasing year, the output is estimated to reach 217.55 billion U.S. dollars and therefore a new peak in 2029.
Data provided by Statista Market Insights are estimates.
Definition:
The Chemicals market refers to the manufacturing a wide range of chemicals and chemical products, such as basic chemicals, fertilizers, pesticides, pharmaceuticals, paints, varnishes, and so on. The production of chemicals and chemical products is a crucial component of many industries, such as agriculture, construction, automotive, and healthcare.
Additional information:
The market comprises value added, output, number of enterprises, number of employees, and the respective growth rates. Output refers to the total value of all goods produced, whereas value added is the sum of the intermediate stages of production or, in other words, the wealth created by industry activity. The market only displays B2B production.
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Statista. (August 1, 2024). Total value of goods produced by the chemical manufacturing industry in Latin America from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/forecasts/1456121/chemicals-material-market-output-latam
Statista. "Total value of goods produced by the chemical manufacturing industry in Latin America from 2019 to 2029 (in billion U.S. dollars)." Chart. August 1, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/forecasts/1456121/chemicals-material-market-output-latam
Statista. (2024). Total value of goods produced by the chemical manufacturing industry in Latin America from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/forecasts/1456121/chemicals-material-market-output-latam
Statista. "Total Value of Goods Produced by The Chemical Manufacturing Industry in Latin America from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Aug 2024, https://www.statista.com/forecasts/1456121/chemicals-material-market-output-latam
Statista, Total value of goods produced by the chemical manufacturing industry in Latin America from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1456121/chemicals-material-market-output-latam (last visited November 21, 2024)
Total value of goods produced by the chemical manufacturing industry in Latin America from 2019 to 2029 (in billion U.S. dollars) [Graph], Statista, August 1, 2024. [Online]. Available: https://www.statista.com/forecasts/1456121/chemicals-material-market-output-latam
