South and Central America Butyl Acrylate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Paints and Coatings, Adhesives and Sealants, Chemical Synthesis, Plastic Additives, Textile, and Others)
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.
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Market Overview and Dynamics
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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. South and Central America Butyl Acrylate Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers / Processing Companies:
4.3.3 Distributors:
4.3.4 End Users:
4.4 Expert Opinion
5. Corrugated Board Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Expanding Construction Sector
5.1.2 Rising Demand for Coatings from Automotive Industry
5.1 Market Restraints
5.1.1 Side Effects on Health and Regulations
5.2 Market Opportunities
5.2.1 Rising Demand for Paints and Coatings for Road Infrastructure
5.3 Future Trends
5.3.1 Implementation of Sustainable Development Methods
5.4 Impact Analysis of Drivers and Restraints
6. Butyl Acrylate – South and Central America Market Analysis
6.1 Butyl Acrylate Market Overview
6.2 Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million)
7. South and Central America Butyl Acrylate Market Analysis – By Application
7.1 Overview
7.2 Butyl Acrylate Market Breakdown, by Application, 2020 & 2028
7.3 Paints and Coatings
7.3.1 Overview
7.3.2 Paints and Coatings: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Adhesives and Sealants
7.4.1 Overview
7.4.2 Adhesives and Sealants: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Chemical Synthesis
7.5.1 Overview
7.5.2 Chemical Synthesis: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Plastic Additives
7.6.1 Overview
7.6.2 Plastic Additives: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Textiles
7.7.1 Overview
7.7.2 Textiles: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
8. South America Butyl Acrylate Market – Country Analysis
8.1 South and Central America: Butyl Acrylate Market
8.1.1 South and Central America: Butyl Acrylate Market, by Key Country
8.1.1.1 Brazil: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.1.1 Brazil: Butyl Acrylate Market, by Application
8.1.1.2 Argentina: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.2.1 Argentina: Butyl Acrylate Market, by Application
8.1.1.3 Rest of South and Central America: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.3.1 Rest of South and Central America: Butyl Acrylate Market, by Application
9. Impact of COVID-19 Pandemic on South and Central America Butyl Acrylate Market
9.1 Overview
9.2 South America: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Overview
10.2 Mergers and Acquisitions
10.3 Agreements, Collaborations and Joint Ventures
10.4 New Product Launches
10.5 Expansions and Other Strategic Developments
11. Company Profiles
11.1 Exxon Mobil Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Arkema S.A.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Mitsubishi Chemical Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Oswal Udhyog
11.4.1 1Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Nippon Shokubai Co., Ltd.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Indenta Chemicals Pvt. Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 TCI Chemicals Pvt. Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Wanhua Chemical Group Co., Ltd.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 LyondellBasell Industries Holdings B.V.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Sasol
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 3. Argentina Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Rest of South and Central America Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. Glossary of Terms, Butyl Acrylate Market
LIST OF FIGURES
Figure 1. Butyl Acrylate Market Segmentation
Figure 2. Butyl Acrylate Market Segmentation – By Country
Figure 3. South and Central America Butyl Acrylate Market Overview
Figure 4. Paints and Coatings Segment Held the Largest Share of the South and Central America Butyl Acrylate Market
Figure 5. Brazil Held Largest Share of South and Central America Butyl Acrylate Market
Figure 6. South and Central America Butyl Acrylate Market, Key Market Players
Figure 7. Ecosystem: Butyl Acrylate Market
Figure 8. Expert Opinion
Figure 9. South and Central America Butyl Acrylate Market Impact Analysis of Drivers and Restraints
Figure 10. South and Central America: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Butyl Acrylate Market Breakdown, by Application, 2020 & 2028
Figure 12. Paints and Coatings: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Adhesives and Sealants: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Chemical Synthesis: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Plastic Additives: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Textiles: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. South and Central America: Butyl Acrylate Market, by Key Country – Revenue (2020) (US$ Million)
Figure 19. South and Central America: Butyl Acrylate Market Revenue Share, by Key Country (2020 and 2028)
Figure 20. Brazil: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Argentina: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Rest of South and Central America: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Impact of COVID-19 Pandemic in South America Country Markets
- 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
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- Scrutinize in-depth South and Central America market trends and outlook coupled with the factors driving the South and Central America butyl acrylate market, as well as those hindering it
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