Latin America Construction Chemical Market accounted for more than 5% and a CAGR of 6.6% of the global Construction Chemicals revenue in 2023

The Paints and Coatings Market size was valued at USD 206.56 USD Billion in 2023 and is projected to reach USD 281.10 USD Billion by 2032, exhibiting a CAGR of 4.5 % during the forecast period. The chemical industry responds to the paints and coatings market demand, which offers a wide range of products for anything decorative, protective, and functional, where it is needed i. e. , construction, automotive, aerospace or marine. Functioning with adhesion, durability, and chemical, weather resistance, & corrosion resistance to different colours, finishes, & formulations comes in different varieties. These are usually used in the field of architecture, automotive refinishing, industrial equipment coating and marine applications and comprise water-based, solvent-based, powder coatings and special types of coatings such as anti-graffiti and fire-retardant coatings. Through the innovation of nanotechnology and eco-friendly formulations, the last thing that is achieved is the improvement of the above factors (primarily the reduction of VOC emissions) for better indoor air quality. This ever-changing market is a centre for research and development, which is developed along with the technological ones and the changes in regulations. Recent developments include: February 2023: AkzoNobel Powder Coatings introduced the Interpon Futura Collection, which includes three new, on-trend color palettes such as Merging World, Healing Nature, and Soft Abstraction. The collection emits no solvents or volatile organic compounds and contributes to AkzoNobel's overall sustainability program., February 2023: PPG agreed to acquire the powder coatings division of Arsonsisi, an industrial coatings company situated in Milan, Italy. Arsonsisi is a prominent producer of architectural and industrial specialty powder coatings., February 2023: H.B. Fuller Company acquired Apollo, the U.K.’s independent manufacturer of liquid adhesives, coatings, and primers for the roofing, industrial, and construction industries., August 2021: PPG introduced PPG ENVIROCRON PCS P4 powder coatings for architectural, home décor, and furniture applications. This latest generation of powder coatings meets the increased demand for matte and premium-textured surfaces in applications ranging from aluminum and steel substrates for building construction to urban and office furniture., June 2021: AkzoNobel acquired paints and coatings maker Grupo Orbis. This strategic acquisition will allow AkzoNobel to expand its position in South and Central America., December 2020: Jotun launched its Jotacote Universal S120 primer to the global market in the North East Asian and West European markets. Jotacote Universal S120 is the world’s first PSPC-approved single-coat, solvent-free system.. Key drivers for this market are: Rapid Expansion of the Construction Industry Will Aid Market Growth. Potential restraints include: Difficulty Obtaining Thin Films in Powder Coating to Hinder Overall paints and coatings Market Growth. Notable trends are: Sustainability Development in Coatings Industry to Favor Growth .

• The global industry was valued at US$ 5.3 Bn in 2023
• It is expected to grow at a CAGR of 2.2% from 2024 to 2034 and reach US$ 6.8 Bn by the end of 2034

Market Introduction

Regional Outlook

Sodium Silicate Market Snapshot

According to Cognitive Market Research, the global Acrolein market size is USD 1625.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 2.20% from 2023 to 2030.

North America held the major market of more than 40% of the global revenue with a market size of USD 650.08 million in 2023 and will grow at a compound annual growth rate (CAGR) of 0.4% from 2023 to 2030

Europe market of more than 30% of the global revenue with a market size of USD 487.56 million in 2023 and will grow at a compound annual growth rate (CAGR) of 0.7% from 2023 to 2030

Asia-Pacific emerges as the fastest-growing market of more than 23% of the global revenue with a market size of USD 373.80 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030.

Latin America market of more than 5% of the global revenue with a market size of USD 81.26 million in 2023 and will grow at a compound annual growth rate (CAGR) of 1.6% from 2023 to 2030

Middle East and Africa market of more than 2.00% of the global revenue with a market size of USD 32.50 million in 2023 and will grow at a compound annual growth rate (CAGR) of 1.9% from 2023 to 2030. Growing Demand in Chemical Manufacturing to Provide Viable Market Output

The Acrolein market is driven by a significant increase in demand within the chemical manufacturing sector. Acrolein serves as a crucial intermediate in the production of various chemicals, including acrylic acid, a key component in manufacturing superabsorbent polymers, adhesives, and coatings. The expanding chemical industry, propelled by diverse applications across sectors, fuels the demand for acrolein, making it a pivotal driver in the market's growth. As industries continue to innovate and diversify, the versatile applications of acrolein contribute to its sustained demand in chemical manufacturing processes.

August 2023, Adisseo announced the construction of a new powder methionine plant in Fujian province in China. The total investment made by the company is valued at USD 681 million and is expected to be operational in 2027.

Source-www.aquafeed.com/products/suppliers-news/adisseo-to-build-a-powder-methionine-plant-in-china/#:~:text=Adisseo%20to%20build%20powder%20methionine%20plant%20in%20China&text=Adisseo%20plans%20to%20build%20a,expected%20to%20operate%20in%202027.

Rise in Water Treatment Applications to Propel Market Growth

A key driver for the Acrolein market is its growing use in water treatment applications. Acrolein's biocidal properties make it effective in controlling and eliminating algae, bacteria, and other microorganisms in water systems. With increasing concerns about water safety, the demand for acrolein in water treatment processes has witnessed a notable surge. This driver is particularly significant as industries and municipalities focus on maintaining high standards of water quality and sanitation. As regulatory requirements and environmental consciousness increase, the role of acrolein in water treatment positions it as a key growth factor in the market.

February 2023, Evonik announced to expand its German plant that produces Methylmercapto-Propionaldehyde (MMP), an organic compound that is integral in the production of DL-methionine.

Source-central-south-america.evonik.com/en/evonik-expands-production-capacity-for-dl-methionine-in-singapore-197254.html#:~:text=Additionally%2C%20in%202022%2C%20Evonik%20further,healthily%2C%20efficiently%2C%20and%20sustainably.

Market Restraints of the Acrolein Market

Health and Environmental Concerns to Restrict Market Growth

One significant restraint in the Acrolein market stems from health and environmental concerns associated with the compound. Acrolein is known for its pungent odor and potential health hazards, including respiratory and eye irritation. As awareness of environmental sustainability and health risks grows, regulatory scrutiny on the use of acrolein may increase, posing challenges for market players. Mitigating these concerns through adherence to stringent safety standards and developing environmentally friendly alternatives becomes crucial for the sustainable growth of the acrolein market.

Impact of the COVID–19 on Acrolein Market

The COVID-19 pandemic has had a multifaceted impact on the Acrolein market. Disruptions in global supply chains, lockdowns, and restrictions on industrial activities have affected the pr...

Snapshot img { margin: 10px !important; } Chlorine Market Size 2025-2029

The chlorine market size is forecast to increase by USD 8.1 billion, at a CAGR of 3.9% between 2024 and 2029.

The global chlorine market's trajectory is closely tied to the health of the polyvinyl chloride industry, where it is a foundational component for producing ethylene dichloride. This relationship makes the market a barometer for global construction and industrial activity. The accelerated transition toward sustainable chlor-alkali production methods, such as membrane cell technology, is reshaping the competitive landscape. This shift is driven by the need to improve chlorine production energy efficiency and adhere to stricter environmental standards, particularly concerning the use of hydrochloric acid and other byproducts. A significant challenge remains the industry's intense dependency on electricity, exposing producers to volatile energy markets and impacting overall profitability.This energy dependency directly influences the cost structure of chlor-alkali process, where electricity can represent a substantial portion of variable costs. The move towards sustainability is not only about compliance but also strategic positioning, with modern facilities better equipped to manage operational expenditures. This technological migration addresses the historical environmental concerns associated with legacy methods, including the management of materials like carbon tetrachloride. The interplay between strong demand for chlorinated polyvinyl chloride pipe and fitting, the drive for greener production, and the persistent energy challenge defines the market's current dynamics, including the hypochlorite bleaches market.

What will be the Size of the Chlorine Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe global chlorine market's operational landscape is defined by the continuous drive for efficiency in the chlor-alkali process, with a widespread shift to membrane cell technology. This transition is fundamental to managing the high energy consumption associated with the electrolysis of brine. The production of key derivatives like ethylene dichloride and vinyl chloride monomer remains central to market dynamics, linking industry performance directly to the global construction and manufacturing sectors. The use of chlorine in water disinfection applications provides a stable, non-cyclical demand base that counterbalances the fluctuations in industrial segments, where materials like chlorinated polyvinyl chloride pipe and fitting are prevalent.Strategic value chain integration is an ongoing theme, as producers seek to capture additional value from downstream products such as isocyanate synthesis and other organic chemical synthesis processes. This approach mitigates exposure to the price volatility of commodity chlorine. The logistical complexities of handling and transporting toxic inhalation hazard materials like chlorine gas necessitate highly regionalized market structures, with most consumption occurring via pipeline in integrated chemical complexes. Concurrently, the market for solid chlorine compounds like calcium hypochlorite continues to serve specialized needs in water treatment and sanitation, where ease of handling is paramount.

How is this Chlorine Industry segmented?

The chlorine industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments. ApplicationEDC or PVCOrganic chemicalsIsocyanatesChlorinated intermediatesOthersEnd-userWater treatmentPharmaceuticalChemicalOthersTypeLiquid chlorineChlorine gasSolid chlorine compoundGeographyAPACChinaIndiaJapanSouth KoreaAustraliaIndonesiaNorth AmericaUSCanadaMexicoEuropeGermanyFranceUKItalySpainThe NetherlandsSouth AmericaBrazilArgentinaColombiaMiddle East and AfricaUAESouth AfricaTurkeyRest of World (ROW)

By Application Insights

The edc or pvc segment is estimated to witness significant growth during the forecast period.The ethylene dichloride/polyvinyl chloride (EDC/PVC) segment is the largest application for chlorine, serving as the primary demand driver for the global market. The production process involves reacting chlorine with ethylene to form EDC, which is then converted into vinyl chloride monomer and polymerized to create PVC. This thermoplastic is valued for its durability and cost-effectiveness, making it a cornerstone material in industries such as construction, where it is used for pipes, window profiles, and flooring.The health of the global construction industry directly impacts chlorine demand, with infrastructure programs creating sustained demand for PVC-based materials. For instance, regions contr

The Latin American pumps market, valued at approximately $X million in 2025 (estimated based on provided CAGR and market size), is projected to experience robust growth at a compound annual growth rate (CAGR) of 5.00% from 2025 to 2033. This expansion is driven by several key factors. Firstly, significant investments in infrastructure development across the region, particularly in water and wastewater management and oil & gas extraction, fuel demand for pumps. Secondly, the burgeoning food and beverage processing industry, alongside the growth of chemical manufacturing and construction sectors, necessitate reliable and efficient pumping solutions. Technological advancements, including the increasing adoption of energy-efficient pumps and smart pump technologies offering remote monitoring and predictive maintenance, also contribute positively to market growth. However, economic fluctuations in some Latin American countries and potential regulatory hurdles related to environmental compliance could present challenges. The market is segmented by pump type (centrifugal, submersible, turbine, reciprocating, piston, diaphragm, rotary, and others) and end-user industry (oil and gas, chemical processing, food and beverage, water and wastewater, construction, and others). Major players like Baker Hughes, Ebara, Ruhrpumpen, ITT, KSB, Schlumberger, Sulzer, Grundfos, Weir Group, and Wilo are fiercely competing for market share, driving innovation and price competitiveness. Brazil, Mexico, and Argentina are expected to remain the largest national markets within Latin America, due to their larger economies and infrastructure projects. The forecast period of 2025-2033 will likely witness increased competition, with established players focusing on strategic acquisitions and partnerships to expand their product portfolios and geographical reach. The growing demand for sustainable and environmentally friendly pumping solutions will further drive innovation and adoption of energy-efficient technologies. Furthermore, the increasing focus on digitalization within industrial processes will lead to greater demand for smart pumps and integrated monitoring systems. This trend will particularly benefit pump manufacturers offering advanced technological solutions and data-driven services. The market's continued growth will be influenced by the overall economic health of Latin America, government policies promoting infrastructure development, and the ongoing adoption of advanced pumping technologies. Recent developments include: February 2022: Baker Hughes expanded its presence in Guyana by establishing a new local supercenter for oilfield services and equipment. The supercenter, which covered more than 8 acres, aimed at serving regional clients and assisting Baker Hughes' South American localization initiatives., December 2021: Wilo introduced the Wilo-Atmos GIGA-B, a glanded pump with a monobloc design ideal for transferring water in various types of buildings. The pump had a lower lifecycle cost due to enhanced hydraulic efficiency and long service life due to the corrosion-resistant cataphoretic coating on all cast components. With the release of the Atmos GIGA-B, Wilo added another glanded pump series with cutting-edge technology under its belt.. Key drivers for this market are: Increasing Demand for Efficient and Advanced Pumps. Potential restraints include: Increasing Demand for Efficient and Advanced Pumps. Notable trends are: Centrifugal Pump Segment to Own Significant Market Share.

Dicumyl Peroxide Market Outlook

According to our latest research, the Global Dicumyl Peroxide market size was valued at $250 million in 2024 and is projected to reach $420 million by 2033, expanding at a CAGR of 6.1% during the forecast period of 2025–2033. The primary driver for this robust growth is the increasing demand for high-performance polymers and elastomers across diverse industries such as automotive, construction, and electronics. Dicumyl peroxide, a widely used organic peroxide, is essential as a cross-linking agent in polymer manufacturing and rubber processing, enabling the production of advanced materials with superior heat resistance, mechanical strength, and durability. This trend is further bolstered by the global shift toward lightweight and energy-efficient materials, which necessitates the development and use of advanced polymeric compounds, thus propelling the expansion of the dicumyl peroxide market worldwide.

Regional Outlook

Asia Pacific currently holds the largest share of the global dicumyl peroxide market, accounting for over 45% of total revenues in 2024. This dominance is attributed to the region's rapidly expanding manufacturing sector, particularly in China, India, Japan, and South Korea. The presence of a robust polymer and rubber industry, coupled with significant investments in automotive and construction infrastructure, has catalyzed the demand for dicumyl peroxide in this region. Moreover, favorable government policies supporting industrial growth, coupled with the availability of cost-effective raw materials and labor, further enhance the region's market position. The maturity of established supply chains and the presence of leading global manufacturers have also contributed to the sustained growth and high market share of Asia Pacific in the dicumyl peroxide industry.

The fastest-growing region in the dicumyl peroxide market is expected to be Latin America, with a projected CAGR of 7.3% from 2025 to 2033. This accelerated growth is primarily fueled by increasing investments in the region's automotive and construction sectors, especially in Brazil and Mexico. The rapid urbanization and industrialization in these countries, coupled with the rising adoption of advanced polymeric materials, are driving the demand for dicumyl peroxide. Additionally, several multinational companies are expanding their manufacturing footprints in Latin America to capitalize on the burgeoning market opportunities and to mitigate supply chain risks associated with other regions. This influx of foreign direct investment and the ongoing development of local chemical manufacturing capacities are expected to further stimulate market growth in Latin America over the forecast period.

Emerging economies in the Middle East & Africa are witnessing a gradual but steady adoption of dicumyl peroxide, albeit from a lower base. The region faces unique challenges such as limited local manufacturing capabilities, fluctuating regulatory environments, and varying degrees of industrialization. However, the increasing focus on economic diversification, especially in Gulf Cooperation Council (GCC) countries, is leading to the development of new polymer and chemical processing facilities. This, in turn, is creating localized demand for dicumyl peroxide, particularly in the packaging and construction sectors. While the region's overall market share remains modest, targeted policy reforms and strategic partnerships with global players are expected to gradually enhance adoption rates and market penetration in the coming years.

Report Scope