South America Surface Treatment Chemicals Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The South American surface treatment chemicals market is projected to register a CAGR of over 3.5% during the forecast period (2022-2027).
The sporadic outbreak of the COVID-19 pandemic in 2020 and the first half of 2021 profoundly impacted manufacturing operations, with prices collapsing and demand falling in South American countries. Transportation, construction, and industrial activities had been drastically curtailed due to imposed government bans and restrictions. However, with the contraction of pandemic impacts in the latter half of 2021, commercial and public transportation revived from lackluster, the construction sector witnessed the launch of new projects while industries enhanced their capacity utilization with the return of workforce and the increasing number of orders from the downstream sectors. Though still falling behind the pre-pandemic levels owing to the pressure due to a protracted growth rate, these industries are expected to pick up a faster pace in two-three years, thereby creating a stronger demand for the studied market in the forecast period.
Key HighlightsThe South American surface treatment chemicals market is partially fragmented in nature. Some of the major companies are BASF, Henkel Corporation, PPG Industries, Solvay, 3M, and others.
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