Latin America Anti-fog Additives Market Size & Outlook
Latin America anti-fog additives market, 2018-2030 (US$M)
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Latin America anti-fog additives market highlights
- The Latin America anti-fog additives market generated a revenue of USD 108.7 million in 2021.
- The market is expected to grow at a CAGR of 6.8% from 2022 to 2030.
- In terms of segment, glycerol esters was the largest revenue generating product in 2021.
- Polyglycerol Esters is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 108.7 million |
| Market revenue in 2030 | USD 196.0 million |
| Growth rate | 6.8% (CAGR from 2021 to 2030) |
| Largest segment | Glycerol esters |
| Fastest growing segment | Polyglycerol Esters |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glycerol Esters, Ethoxylated Sorbitan Esters, Polyglycerol Esters, Sorbitan Esters, Polyoxyethylene Esters |
| Key market players worldwide | Clariant AG, Akzo Nobel NV, Ashland Inc, Croda International PLC, Evonik Industries AG, Avient Corp, DuPont de Nemours Inc, Palsgaard, Lifeline Biotechnologies Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.0% of the global anti-fog additives market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,276.6 million by 2030.
Glycerol esters was the largest segment with a revenue share of 30.27% in 2021. Horizon Databook has segmented the Latin America anti-fog additives market based on glycerol esters, ethoxylated sorbitan esters, polyglycerol esters, sorbitan esters, polyoxyethylene esters covering the revenue growth of each sub-segment from 2018 to 2030.
Population growth, rising urbanization and increasing disposable income in countries of Argentina and Brazil is anticipated to augment food & beverage industry growth and is likely to fuel the demand for anti-fog additives over the next eight years.
However, growing personal care industry in Brazil on account of increasing expenditure on beauty and cosmetic products is expected to reduce the usage of sugar alcohol for producing anti-fog additives over the next eight years.
Availability of raw materials such as cocoa, cereals, fruits, tea, roots, meat, and fats and oil coupled with growing domestic consumption in countries including, Argentina, Chile and Brazil is expected to act as an opportunity for food & beverage manufacturers to invest in the country. Therefore, this trend is projected to play a crucial role in increasing the use of anti-fog additives over the projected period.
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Anti-Fog Additives Market Scope
Anti-Fog Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America anti-fog additives market size, by country, 2018-2030 (US$M)
Latin America Anti-Fog Additives Market Outlook Share, 2021 & 2030 (US$M)
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