Market Size of Latin America Surfactants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Latin America Surfactants Market Analysis
The Latin American surfactant market is expected to register a CAGR of greater than 3% during the forecast period.
- The outbreak of COVID-19 had a great impact on the market, and the product witnessed a short decline in demand. However, during the post-pandemic period, the demand grew significantly. Moreover, consciousness regarding personal hygiene and clean surroundings increased during the pandemic, and they remain major priorities despite its retraction. This stimulated the demand for personal and household cleaning products, thus enhancing the market growth of surfactants.
- Over the medium term, the growing personal care and home care industry in Latin America is the major driving factor behind the growth of the market studied.
- On the other hand, stricter rules about the environment are likely to slow down the growth of the market that was looked at.
- Nonetheless, potential innovations in the applications of specialty surfactants and the expansion of the biosurfactant application base are likely to act as opportunities in the future.
- Brazil dominated the market across the region due to growing investment in domestic and industrial cleaning, agriculture, food processing, the personal care industry, etc.
