South America Special Boiling Point Solvents Market Key Players and Opportunities by 2027

The South America special boiling point solvents market is expected to grow from US$ 71.43 million in 2019 to US$ 84.57 million by 2027; it is estimated to grow at a CAGR of 2.3% from 2020 to 2027.

SAM includes countries such as Brazil, Argentina, and the rest of SAM. SAM is another region contributing to the growth of special boiling point solvents in relation to the diversification of the application base. Special boiling point solvents is widely used in paints and coatings, adhesives, rubber and tires, and others. The rising use of this material in the adhesives industry is expected to drive the growth of the market in the region. SAM is the fastest-developing chemicals market across the world but is less mature and slow compared to other regions. Chile, Panama, Brazil, and Argentina are driving the growth of the market in the region. The region encompasses a number of opportunities for special boiling point solvents, but the industry is less developed in comparison to other regions. The increase in population and continuous advancement in the end-use industries such as construction, paint & coatings, and others have had a positive impact on the economy of Brazil and Argentina that has advanced to a large extent.  

In case of COVID-19, in South America, especially Brazil, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of solvents manufacturing activities. Other chemical and materials manufacturing sector has subsequently impacted the demand for special boiling point solvents during the early months of 2020. Moreover, decline in the overall manufacturing activities has led to discontinuation of solvents manufacturing projects, thereby reducing the demand for special boiling point solvents. Similar trend was witnessed in other South American countries, i.e., Argentina, Colombia, Peru and Chile. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
 

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America special boiling point solvents market. Increasing consumption of paints & coatings in the construction, automotive, wood industry and general industries application sectors has raised the demand for special boiling point (SBP) solvents. SBP solvents are versatile group of fast to medium evaporating hydrocarbon fluids that constitute paraffin and cycloparaffins. These aliphatic solvents are majorly used in paints & coatings industry. These solvents worked as carriers for resins, pigments, and other components. They help in controlling viscosity, aiding in film formation, and wetting of pigments and substrates that help with dispersion and adhesion. These solvents also tend to migrate to the surface of a coating, thereby lowering the surface tension and making the surface more homogeneous. This action of (SBP) solvents improves levelling and reduces the tendency to form craters. Rapid expansion of South America construction industry will aid in the market growth of paints & coatings market. Paints & coatings are used in the decoration & protection of buildings and infrastructures from external damages. Due to various properties such as corrosion protection, anti-friction, hardness and reflection-absorption they are also used to protect automotive components. 

South America Special Boiling Point Solvents Market Segmentation

South America Special Boiling Point Solvents Market – By Solvent Base

• Petroleum Ether
• Rubber Solvent
• Others

South America Special Boiling Point Solvents Market – By Application

• Paints and Coatings
• Rubbers and Tires
• Inks, Adhesives
• Resins
• Cleaning Agents
• Others

South America Special Boiling Point Solvents Market – By Country

• Brazil
• Argentina
• Rest of South America

South America Special Boiling Point Solvents Report Scope