South & Central America Polyacrylamide Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Anionic, Cationic, and Non-Ionic), Form (Powder and Liquid), and End User (Water and Wastewater Treatment, Pulp and Paper Manufacturing, Oil and Gas, Mining Industry, and Others)
The polyacrylamide market in South & Central America is expected to grow from US$ 55.20 million in 2022 to US$ 65.46 million by 2028. It is estimated to grow at a CAGR of 2.9% from 2022 to 2028.
Raising Focus of Market Players on Boosting Production Capacities
The players operating in the polyacrylamide market are constantly focusing on increasing their production capacities to keep pace with the growing demand for polyacrylamide from the primary markets of municipal & industrial water treatment, oil & gas, mining, paper, agriculture, and personal & home care. The paper & board industry is witnessing the fastest growth. Polyacrylamide manufacturers operating in the region are adding new facilities in response to the rapid growth of the region’s paper & board industry, mining industry, etc. To support polyacrylamide production, market players are also focusing on investing in upstream monomer production capabilities. Therefore, the trend of the growing focus of market players on boosting production capacities is expected to fuel the polyacrylamide market growth.
Market Overview
The main agricultural use of polyacrylamide is for stabilizing soil and preventing the erosion. It is also used as dust control on the unpaved roads. Various forms of products exist, but the type that is used for erosion control is large, negatively charged molecule which is water soluble. Polyacrylamide is a water soluble and organic compound which is used in industry to synthesize the polymers and in agriculture as soil stabilizer. Polyacrylamide is therefore playing an important role in country’s agricultural industry. Furthermore, the land application of different product containing water-soluble polyacrylamide as a temporary-soil binding agent is to mainly reduce the erosion. Later, the main purpose of its practice is to reduce erosion from wind and the water used on construction sites and the agricultural lands, where polyacrylamide also plays an important role. Polyacrylamide are also found in consumer products: examples, food packaging, and also some adhesives.
South & Central America Polyacrylamide Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Polyacrylamide Market Segmentation
The South & Central America polyacrylamide market is segmented into type, form, application and country.
Based on type, the market is segmented into anionic, cationic, and non-ionic. The cationic segment registered the largest market share in 2022. Based on form, the market is bifurcated into on powder and liquid. The powder segment held a larger market share in 2022. Based on application, the market is categorized into water and wastewater treatment, pulp and paper manufacturing, oil and gas, mining industry, and others. The water and wastewater treatment segment held the largest market share in 2022. Based on country, the market is segmented into Brazil, Argentina, and Rest of SAM. Brazil dominated the market share in 2022. SNF; Kemira Oyj; BASF SE; Mitsui Chemicals, Inc.; Ashland Global Holdings Inc.; Solenis; and Solvay S.A. are the leading companies operating in the polyacrylamide market in the region.
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