South and Central America Butyl Acrylate Market

Market Introduction

The South and Central America butyl acrylate market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Butyl acrylates are a source of volatile organic compounds. Major manufacturers in the industry are increasingly focusing on developing bio-based products, which have a smaller overall impact on the environment. The manufacturers are under constant pressure to develop sustainable products, which can reduce their carbon footprint on the environment. There are numerous factors driving the adoption of bio-based products among manufacturers, including consumer demand, waste reduction, and government regulations. Companies are focusing on using bio-based materials to meet their sustainability goals. Bio-based butyl acrylate is still in the developing stage, and only a handful of companies are manufacturing it, as its chemical properties are still far lesser than butyl acrylate. However, companies are in the process of developing it, which is expected to be a major trend during the forecast period.

In South America, Brazil has reported the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador. Governments across the region have implemented several preventive measures to protect their residents and limit the spread of SARS-CoV-2. South American countries have been experiencing lower export revenues due to a fall in commodity prices and export volumes, particularly involving trade relationships with China, Europe, and the US. Limitations on trade activities have adversely affected the demand for butyl acrylate from paints and coatings producing industries across the region.

South and Central America Butyl Acrylate Strategic Insights

Strategic insights for the South and Central America Butyl Acrylate provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South and Central America Butyl Acrylate Report Scope

South and Central America Butyl Acrylate Regional Insights

The geographic scope of the South and Central America Butyl Acrylate refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The butyl acrylate market in South and Central America is expected to grow from US$ 94.29 million in 2021 to US$ 120.21 million by 2028; it is estimated to grow at a CAGR of 3.5% from 2021 to 2028.  Road surface markings are essential to control and guide traffic. They are primarily used in relaying essential information to drivers; hence, they play an important role in road safety systems. Developing countries in South America are continuously developing their road infrastructure. For instance, a major portion of the South African roadways is unpaved, which is primarily due to the lack of adequate funds to construct good highways. The Argentinean economy has witnessed substantial downturns in the last ten years, and the country's government is under substantial debt limiting their investments in infrastructure. However, the government in the country is working on the facilitation of public-private partnership agreements to develop the road infrastructure in the country. Such developments will be a significant opportunity for paint and coatings manufacturers, including butyl acrylate producers.

Key Market Segments

Based on application, the paints and coatings segment accounted for the largest share of the South and Central America butyl acrylate market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the South and Central America butyl acrylate market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report Wanhua Chemical Group Co.Ltd., Exxon Mobil Chemicals, Arkema S.A., Oswal Udhyog, Nippon Shokubai Co. Ltd., LyondelBasell Industries Holdings B.V., Sasol, Mitsubishi Chemical Corporation, Indenta Chemicals Pvt. Ltd., and TCI Chemicals Pvt. Ltd.

Reasons to buy report

• To understand the South and Central America butyl acrylate market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for South and Central America butyl acrylate market
• Efficiently plan M&A and partnership deals in South and Central America butyl acrylate market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South and Central America butyl acrylate market
• Obtain market revenue forecast for market by various segments from 2019-2028 in South and Central America region.

South and Central America Butyl Acrylate Market Segmentation

South and Central America Butyl Acrylate Market – By Application

• Paints and Coatings
• Adhesives & Sealants
• Chemical Synthesis
• Plastic Additives
• Textile
• Others

South and Central America Butyl Acrylate Market – By Country

• Brazil
• Argentina
• Rest of South and Central America

South and Central America Butyl Acrylate Market – Company Profiles

• Exxon Mobil Corporation
• Arkema S.A.
• Mitsubishi Chemical Corporation
• Oswal Udhyog
• Nippon Shokubai Co., Ltd.
• Indenta Chemicals Pvt. Ltd.
• TCI Chemicals Pvt. Ltd.
• Wanhua Chemical Group Co., Ltd.
• LyondellBasell Industries Holdings B.V.
• Sasol