
South & Central America Dust Control or Suppression Chemicals Market
No. of Pages: 97 | Report Code: BMIRE00030251 | Category: Chemicals and Materials
No. of Pages: 97 | Report Code: BMIRE00030251 | Category: Chemicals and Materials
The South & Central America dust control or suppression chemicals market was valued at US$ 72.40 million in 2022 and is expected to reach US$ 96.34 million by 2030; it is estimated to record a CAGR of 3.6% from 2022 to 2030.
Strong Growth in Pharmaceutical and Food Processing Industry Fuels South & Central America Dust Control or Suppression Chemicals Market
The Brazilian pharmaceutical industry has advanced significantly in the past few years. A limited number of international pharmaceutical industries operate through manufacturing facilities in the country. However, several US-based companies are expanding their manufacturing operations to Brazil due to factors such as vicinity to the mass market, lower material costs, economic connections, and low labor expenses. Furthermore, the increase in the production of generic, over-the-counter medicines and government strategies for rising domestic investments are key factors responsible for the development of the pharmaceutical industry in Brazil. As per the International Trade Administration, Brazil is among the top six pharmaceutical markets, reporting US$ 16.37 billion worth of sales of drugs and pharmaceuticals in 2021, a rise of 14.26% from 2020. The development of the pharmaceutical industry boosts innovation and creates a conducive environment for conducting clinical research in the country. Pharmaceutical processes such as active pharmaceutical ingredients production, tablet presses, tablet coating, spray drying, and granulation lead to dust formation.
According to the Brazilian Food Processors' Association, the Brazilian food processing sector generated revenue of US$ 208 billion in 2022, a rise of 16.6% compared to 2021. The Brazilian food processing sector involves 38 thousand companies, of which both small-sized and medium-sized industries accounted for the majority of concentration. Dust control or suppression is a significant aspect of food processing from both food safety and employee health perspective. The presence of dust in the processing environment can cause sanitation concerns, microbial contamination, health issues, and other hazards. Food processors also adhere to regulations for controlling food processing dust by several government and international authorities such as the Food and Drug Administration, United States Department of Agriculture, and Occupational Safety and Health Administration. Thus, strong growth in the pharmaceutical and food processing industry is projected to create lucrative opportunities for the dust control or suppression chemicals market.
South & Central America Dust Control or Suppression Chemicals Market Overview
South & Central America offers potential opportunities to the dust suppressant chemicals market owing to the high growth of the construction and oil & gas sectors in developing economies such as Argentina and Brazil. The region is expected to gain economic recovery in various countries, including Brazil, which is anticipated to contribute to the continuous growth of the market in the region during the forecast period. Moreover, Brazil and Argentina are attributed to the surging urbanization and increasing construction projects. Furthermore, the governments of various countries in South & Central America are focusing on developing infrastructure projects, which is expected to boost the demand for dust suppressant chemicals in the construction industry.
South & Central America Dust Control or Suppression Chemicals Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the South & Central America Dust Control or Suppression Chemicals 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.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 72.40 Million |
Market Size by 2030 | US$ 96.34 Million |
Global CAGR (2022 - 2030) | 3.6% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Chemical Type
|
Regions and Countries Covered | South and Central America
|
Market leaders and key company profiles |
The geographic scope of the South & Central America Dust Control or Suppression Chemicals 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.
1. Benetech Inc
2. Veolia Environnement SA
3. Ecolab Inc
4. Quaker Chemical Corp
5. Dow Inc
6. BASF SE
7. Solenis LLC
8. Borregaard ASA
The South & Central America Dust Control or Suppression Chemicals Market is valued at US$ 72.40 Million in 2022, it is projected to reach US$ 96.34 Million by 2030.
As per our report South & Central America Dust Control or Suppression Chemicals Market, the market size is valued at US$ 72.40 Million in 2022, projecting it to reach US$ 96.34 Million by 2030. This translates to a CAGR of approximately 3.6% during the forecast period.
The South & Central America Dust Control or Suppression Chemicals Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Dust Control or Suppression Chemicals Market report:
The South & Central America Dust Control or Suppression Chemicals Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Dust Control or Suppression Chemicals Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Dust Control or Suppression Chemicals Market value chain can benefit from the information contained in a comprehensive market report.