Acrylamide crystals is expected to be the fastest growing segment during the forecast period 2021–2028

According to a new market research study on “South America Acrylamide Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type and Application” is expected to reach US$ 137.15 million by 2028 from US$ 110.61 million in 2021. The market is estimated to grow at a CAGR of 3.1% from 2021 to 2028. The report provides trends prevailing in the South America acrylamide market along with the drivers and restraints pertaining to the market growth. Raising applications in the personal care industry, escalating growth of the chemicals and materials industry, and expanding demand for wastewater treatment are the major factor driving the growth of the South America acrylamide market. However, health problems associated with exposure to acrylamide hinders the growth of South America acrylamide market.

The South America acrylamide market is segmented on the basis of product type, application, and country. Based on product type, the market is segmented into acrylamide water solution and acrylamide crystals. In 2020, acrylamide crystals segment held the largest share in the market and it is also expected to be the fastest growing segment during the forecast period. Based on application, the market is segmented into water and wastewater treatment, enhanced oil recovery, cosmetics, paper manufacturing, chemical intermediate, textiles, and others. In 2020, water and wastewater treatment segment held the largest share in the market, it is also expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into Brazil, Argentina, and Rest of SAM. In 2020, Brazil held the largest share in the market, and it is also expected to be the fastest growing country during the forecast period.

Ashland Global Holding Inc.; SNF; Kemira OYJ; BASF SE; Mitsui Chemicals Global, Pvt. Ltd.; Ineos AG; Solvay; and Nuoer group are among the leading companies in the South America acrylamide market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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