Nappies Segment to dominate South America Glacial Acrylic Acid Market during 2020–2028

According to a new market research study on “South America Glacial Acrylic Acid Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application,” is expected to reach US$ 41.92 million by 2028 from US$ 36.18 million in 2021. The market is estimated to grow at a CAGR of 2.1% from 2021 to 2028. The report provides trends prevailing in the South America glacial acrylic acid market along with the drivers and restraints pertaining to the market growth. Multiple applications of glacial acrylic acid, surging production of glacial acrylic acid from renewable resources, and elevating use of superabsorbent polymers in diapers and hygiene products are the major factor driving the growth of the South America glacial acrylic acid market. However, perilous nature of glacial acrylic acid hinders the growth of South America glacial acrylic acid market.

Brazil reported the highest number of COVID-19 confirmed cases, followed by Argentina, Peru, Chile, and Ecuador. The government of South America has taken an array of actions to protect their citizens and contain the spread of novel coronavirus. It is anticipated that South America will face lower export revenues in coming months, both from the drop in commodity prices and reduction in export volumes across the world with the important trade partners. Containment measures in several countries of South America would reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.

The South America glacial acrylic acid market is segmented on the basis of application and country. Based on application, the market is segmented into nappies, adult & feminine hygiene, detergents, adhesives, coatings & sealants, water treatment, and others. In 2020, nappies 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, Argentin, 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.

The Dow Chemical Company; Arkema; BASF SE; Sasol; Tasnee; NIPPON SHOKUBAI CO., LTD.; and Formosa Plastics Corporation are among the leading companies in the South America glacial acrylic acid 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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