South America Acrylamide Market Growth Opportunities and Forecast by 2028

The acrylamide market in South America is expected to grow from US$ 110.61 million in 2021 to US$ 137.15 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028.

Polyacrylamide, a polymer of acrylamide, is significantly used in a wide range of personal care and cosmetic products, including moisturizers, lotions and creams, skin cleansers, sunscreens, make-up products, nail care products, and hair care products. It acts as a stabilizer, binding agent, and rheology modifier in water-based cosmetic formulations. Moreover, polyacrylamide also possesses lubricating and foaming properties. It is nontoxic, and safe for skin and hair applications. According to a safety assessment published in the International Journal of Toxicology, polyacrylamide does not penetrate the skin due to its large molecular size. The personal care industry is growing at a rapid pace owing to the factors such as the rising middle-income population, increasing per capita income, improving living standards, and the growing participation of women in the corporate sector. With the growth of the personal care industry, the demand for polyacrylamide is also expected to rise in the coming years, thereby fueling the acrylamide market in South America.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America acrylamide market at a substantial CAGR during the forecast period.

South America Acrylamide Market Revenue and Forecast to 2028 (US$ Million)  

South America Acrylamide Market Segmentation

The South America acrylamide market is segmented on the basis of product type, application, and country. Based on product type, the market is segmented into acrylamide water solution and acrylamide crystals. In 2020, the acrylamide crystals segment held a larger share of the market, and it is also expected to register a higher CAGR during the forecast period. Based on application, the South America acrylamide market is segmented into water and wastewater treatment, enhanced oil recovery, cosmetics, paper manufacturing, chemical intermediate, textiles, and others. In 2020, the water and wastewater treatment segment held the largest market share; however, the enhanced oil recovery segment is expected to register the highest CAGR in the market during the forecast period. Similarly, based on country the market is segmented into Brazil, Argentina, and Rest of SAM. In 2020, Brazil held the largest share in the market, and is expected to register the highest CAGR in the market during the forecast period.

Ashland Global Holding Inc.; SNF; Kemira OYJ; BASF SE; Mitsui Chemicals Global, Pvt. Ltd.; Ineos AG; Solvay; and Nuoer group are among the leading companies in the South America acrylamide market 

South America Acrylamide Report Scope