At 3.6% CAGR, South & Central America Dust Control or Suppression Chemicals Market is Projected to be Worth US$ 96.34 Million by 2030, says Business Market Insights

According to Business Market Insights' research, 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, registering a CAGR of 3.6% from 2022 to 2030. Growing mining industry in Brazil and strong growth in pharmaceutical and food processing industry are among the critical factors attributed to the South & Central America dust control or suppression chemicals market expansion.

According to the World Mining Data 2022 report by the Federal Ministry of the Republic of Austria, Brazil is among the top five largest lithium-producing countries. South & Central America is a well-established mineral producer and has exploration potential in the mining sector. Government organizations and departments build mining project strategies focusing on lithium and rare earth elements, graphite, copper, and cobalt. The development potential of the mining industry in Brazil is expected to boost the demand for dust control or suppression chemicals during the forecast period. As per the Brazilian Mining Institute, IBRAM, factors such as increasing mineral sales in China, rise in prices on the international market, decrease in global mineral stocks, and increasing export earnings are driving the mining industry in Brazil.

According to the International Trade Administration, Brazil generated 62% higher revenue from the mining sector in 2021 compared to 2020. Brazil is among the top producers of iron ore, manganese, bauxite, and tantalite. The country's mining sector also includes reserves of gold, kaolin, nickel, coal, and phosphates. Further, Vale, a Rio de Janeiro-based mining company, is one of the largest iron ore producers and mining companies in Brazil. Dust emissions from open pit mines quarrying activities cause health and safety problems, as well as negatively impact productivity. Therefore, water spraying, synthetic polymeric emulsions, salts, bitumen, and oil emulsions are utilized as dust control or suppression methods. Thus, the prevalence of mining companies and the presence of metal and mineral mines in the country boost the demand for dust control or suppression chemicals in Brazil.

On the contrary, availability of alternatives hurdles the growth of South & Central America dust control or suppression chemicals market.

Based on chemical type, the South & Central America dust control or suppression chemicals market is categorized into lignin sulfonate, calcium chloride, magnesium chloride, asphalt emulsions, oil emulsions, polymeric emulsions, and others. The calcium chloride segment held 41.0% share of South & Central America dust control or suppression chemicals market in 2022, amassing US$ 29.70 million. It is projected to garner US$ 40.02 million by 2030 to expand at 3.8% CAGR during 2022-2030.

In terms of end-use industry, the South & Central America dust control or suppression chemicals market is segmented into mining, construction, oil and gas, food and beverage, textile, glass and ceramics, pharmaceuticals, and others. The mining segment held 29.8% share of South & Central America dust control or suppression chemicals market in 2022, amassing US$ 21.57 million. It is projected to garner US$ 29.27 million by 2030 to expand at 3.9% CAGR during 2022-2030.

Based on country, the South & Central America dust control or suppression chemicals market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 66.8% share of South & Central America dust control or suppression chemicals market in 2022. It was assessed at US$ 48.36 million in 2022 and is likely to hit US$ 66.73 million by 2030, exhibiting a CAGR of 4.1% during 2022-2030.

Key players operating in the South & Central America dust control or suppression chemicals market are Benetech Inc, Veolia Environnement SA, Ecolab Inc, Quaker Chemical Corp, Dow Inc, BASF SE, Solenis LLC, and Borregaard ASA, among others.

• In July 2023, Solenis LLC acquired Diversey Holdings Ltd. Solenis expanded to a global corporation with 71 manufacturing facilities and over 15,000 people after the acquisition. Solenis is now a more diversified firm with much enhanced scale, a broader worldwide reach, and the capacity to offer a 'one-stop shop' suite of solutions that match client demand while also addressing global water management, cleaning, and hygiene challenges.
  
  
  
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