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Brazil Adhesives Market Size

The Brazil Adhesives Market is projected to experience growth over the forecast period, driven by its status as the highest consumer of adhesives in South America. The market's expansion is largely attributed to the packaging and construction sectors, which are significant end-users. Packaging, in particular, plays a crucial role, with water-based adhesives being popular for labeling applications due to their cost-effectiveness. The construction sector's demand for adhesives is closely linked to national construction activities, which have been influenced by economic factors and government initiatives. These elements are expected to contribute to the overall increase in the market size of adhesives in Brazil.

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Market Size of brazil adhesives Industry

Brazil Adhesives Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 1.79 Billion
svg icon Market Size (2028) USD 2.16 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2028) 4.71 %
svg icon Fastest Growing by End User Industry Aerospace
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Brazil Adhesives Market Analysis

The Brazil Adhesives Market size is estimated at 1.79 billion USD in 2024, and is expected to reach 2.16 billion USD by 2028, growing at a CAGR of 4.71% during the forecast period (2024-2028).

1.79 Billion

Market Size in 2024 (USD)

2.16 Billion

Market Size in 2028 (USD)

5.03 %

CAGR (2017-2023)

4.71 %

CAGR (2024-2028)

Largest Market by End-user Industry

42.45 %

value share, Packaging, 2023

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The packaging end-user industry holds the largest market share owing to its widespread applications of adhesives, including labels, tapes, carton sealing, and joining.

Fastest Growing Market by End-user Industry

6.88 %

Projected CAGR, Aerospace, 2024-2028

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The aerospace industry is expected to register the fastest growth in the market owing to the rapid expansion of general and civil aviation in the domestic market.

Largest Market by Technology

59.41 %

value share, Water-borne, 2023

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Water-borne technology, an environmentally friendly and economically viable solution, holds the largest technological market share due to its well-recognized usage in food packaging applications through emulsion and dispersion systems.

Largest Market by Resin

29.20 %

value share, Acrylic, 2023

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The acrylic-based adhesive segment holds the highest market share owing to its pressure-sensitive applications in packaging, construction, and healthcare end-user industries.

Leading Market Player

10.16 %

market share, Henkel AG & Co. KGaA, 2021

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Henkel is the leading adhesives manufacturer in Brazil due to the popularity of its products in various industries, including building and construction, automotive, aerospace, and woodworking.

A spike in raw material prices in the coming years is expected to influence the demand for adhesives

  • Brazil is the highest consumption country for adhesives in South America. Packaging, construction, and other sectors rely heavily on adhesives. Volkswagen, Golabalpack, and MPD are among the country's top adhesive consumers. Packaging is the most important end-user industry for adhesives, accounting for USD 614.4 million of the country's overall adhesives market. Top water-based technological adhesives are commonly used in labeling applications in the packaging sector to produce a bind between plastic, metal, and paper substrates. Water-borne adhesives are the least expensive of all forms of adhesives, costing half as much.
  • Brazil's demand for construction adhesives and sealants is directly dependent on the construction activities in the country. The slow recovery from the 2015 recession and uncertainty in the country's macroeconomic policy framework restricted construction activities in Brazil till 2019. Brazil's building and construction industry registered a Y-o-Y growth of 2% in Q2 2019 because of strong demand from the civil construction sector. This growth came after 20 quarters of continuous decline.
  • In 2022, the growth was expected to decline from 10.99% in 2021 to 5.8% because of rising raw material prices. This has significantly increased the overall construction cost in Brazil and resulted in construction delays. The Brazilian government's mortgage subsidy, which has lowered the housing interest rates from 8.16% to 7.66% for low-budget homes, is expected to cushion the impact of raw material price hikes. All such factors are expected to boost the demand for adhesives across the country over the forecast period.
Brazil Adhesives Market

Brazil Adhesives Industry Segmentation

Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery are covered as segments by End User Industry. Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin.

  • Brazil is the highest consumption country for adhesives in South America. Packaging, construction, and other sectors rely heavily on adhesives. Volkswagen, Golabalpack, and MPD are among the country's top adhesive consumers. Packaging is the most important end-user industry for adhesives, accounting for USD 614.4 million of the country's overall adhesives market. Top water-based technological adhesives are commonly used in labeling applications in the packaging sector to produce a bind between plastic, metal, and paper substrates. Water-borne adhesives are the least expensive of all forms of adhesives, costing half as much.
  • Brazil's demand for construction adhesives and sealants is directly dependent on the construction activities in the country. The slow recovery from the 2015 recession and uncertainty in the country's macroeconomic policy framework restricted construction activities in Brazil till 2019. Brazil's building and construction industry registered a Y-o-Y growth of 2% in Q2 2019 because of strong demand from the civil construction sector. This growth came after 20 quarters of continuous decline.
  • In 2022, the growth was expected to decline from 10.99% in 2021 to 5.8% because of rising raw material prices. This has significantly increased the overall construction cost in Brazil and resulted in construction delays. The Brazilian government's mortgage subsidy, which has lowered the housing interest rates from 8.16% to 7.66% for low-budget homes, is expected to cushion the impact of raw material price hikes. All such factors are expected to boost the demand for adhesives across the country over the forecast period.
End User Industry
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Other End-user Industries
Technology
Hot Melt
Reactive
Solvent-borne
UV Cured Adhesives
Water-borne
Resin
Acrylic
Cyanoacrylate
Epoxy
Polyurethane
Silicone
VAE/EVA
Other Resins
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Brazil Adhesives Market Size Summary

The Brazil adhesives market is poised for steady growth, driven by its status as the highest consumer of adhesives in South America. The market is significantly influenced by sectors such as packaging and construction, with packaging being the predominant end-user industry. The demand for water-based technological adhesives is particularly strong in labeling applications, where they are used to bond plastic, metal, and paper substrates. The construction sector's recovery from past economic challenges and the Brazilian government's initiatives, such as mortgage subsidies, are expected to bolster the demand for construction adhesives and sealants. The packaging industry, fueled by the rise of e-commerce, continues to expand, with plastic packaging playing a major role due to its cost-effectiveness and recyclability.

The automotive industry also contributes to the adhesives market, with Brazil being a major vehicle producer in Latin America. Despite challenges like supply chain disruptions and economic slowdowns, the automotive sector has shown signs of recovery, with increased production and exports. This resurgence is supported by investments from multinational automotive manufacturers. The adhesives market in Brazil is fragmented, with key players like 3M, Arkema Group, AVERY DENNISON CORPORATION, H.B. Fuller Company, and Henkel AG & Co. KGaA leading the industry. These companies continue to innovate, introducing new adhesive solutions that cater to various industrial needs, including bio-based and solvent-free options.

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Brazil Adhesives Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Footwear and Leather

      5. 1.1.5 Healthcare

      6. 1.1.6 Packaging

      7. 1.1.7 Woodworking and Joinery

      8. 1.1.8 Other End-user Industries

    2. 1.2 Technology

      1. 1.2.1 Hot Melt

      2. 1.2.2 Reactive

      3. 1.2.3 Solvent-borne

      4. 1.2.4 UV Cured Adhesives

      5. 1.2.5 Water-borne

    3. 1.3 Resin

      1. 1.3.1 Acrylic

      2. 1.3.2 Cyanoacrylate

      3. 1.3.3 Epoxy

      4. 1.3.4 Polyurethane

      5. 1.3.5 Silicone

      6. 1.3.6 VAE/EVA

      7. 1.3.7 Other Resins

Brazil Adhesives Market Size FAQs

The Brazil Adhesives Market size is expected to reach USD 1.79 billion in 2024 and grow at a CAGR of 4.71% to reach USD 2.16 billion by 2028.

In 2024, the Brazil Adhesives Market size is expected to reach USD 1.79 billion.

Brazil Adhesives Market Report Snapshots

Brazil Adhesives Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028