South America Acrylic Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Acrylic Adhesives Market Analysis
South America acrylic adhesives market is expected to grow at a CAGR of over 3.5% during the forecast period. The demand for acrylic adhesives is widely driven by the recovery in construction activities and high dependency on processed and packaged food products. However, stringent VOC emission regulations related to acrylic adhesives disposal and/or substitution from different feedstock may hinder the growth of the studied market.
- The water-based acrylic adhesives segment is expected to be the fastest growing segment, owing to the increasing consumer awareness about the ill-effects of solvent-based adhesives on environment and human health.
- Replacement of solvent-borne adhesives in construction industry and shifting focus towards the bio-based adhesives are likely to offer opportunities for the acrylic adhesives market in the region.
- Brazil stands to be the largest market for acrylic adhesives in the region, with consumption being majorly driven by the growth in construction, woodworking and packaging industries.
South America Acrylic Adhesives Market Trends
This section covers the major market trends shaping the South America Acrylic Adhesives Market according to our research experts:
Packaging Industry to Drive the Market Demand
- The packaging industry dominates the consumption of acrylic adhesives, as they are widely useful in the manufacturing of various products, such as tapes, cases, labels, and cartons.
- In South America, countries such as Brazil, Chile and Argentina have strong dependency on processed and packaged food.
- Further, growing e-commerce, online food deliveries, and innovation and development related to product packaging have been influencing the demand for packaging materials in the region.
- Hence, all such trends influencing the demand for packaging materials are further increasing the consumption of acrylic adhesives in packaging industry.
Brazil to Dominate the Market
- In terms of consumption, Brazil stands to be the largest market for contact adhesive in the region. Brazil had experienced a volatile economy over the past few years.
- Political instability, high inflation, low prices of export of goods, and depressed confidence levels caused a contraction in the Brazilian economy.
- However, the country's economic growth is now supported by the recovery in various end-user industries, such as automotive and construction.
- Currently, the country's infrastructure sector is under flux. However, the government has introduced a program for infrastructure development to help leverage private sector logistics investment, which is likely to increase the scope for consumption of acrylic adhesive market in the country during the forecast period.
- Brazil retail sector stands to be the largest in the region which accounts for more than 35% of the regional retail sales. The sector is further witnessing noticeable growth in the country with growing demand for food and consumer goods.
- Thus, with such trends in retail sector, the demand for packaging as well as acrylic adhesives is anticipated to increase in the country over the forecast period.
South America Acrylic Adhesives Industry Overview
South America acrylic adhesives market is fragmented in nature. Some of the keyplayers in the market includes 3M, Arkema Group, Sika AG, H.B. Fuller, and Henkel AG & Co. KGaA, amongst others.
South America Acrylic Adhesives Market Leaders
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3M
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Arkema Group
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H.B. Fuller
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Henkel AG & Co. KGaA
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Sika AG
*Disclaimer: Major Players sorted in no particular order
South America Acrylic Adhesives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Report
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 High Packaging Demand from Food & Beverage Industry
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4.1.2 Recovery in Construction Sector
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4.2 Restraints
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4.2.1 Availability of Alternative Feedstocks for Adhesives
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4.2.2 Stringent Environmental Regulations Regarding VOC Emissions
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4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Technology
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5.1.1 Water-based
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5.1.2 Solvent-based
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5.1.3 Reactive
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5.1.4 Other Technologies
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5.2 End-user Industry
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5.2.1 Building and Construction
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5.2.2 Electrical and Electronics
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5.2.3 Packaging
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5.2.4 Sporting Goods
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5.2.5 Transportation
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5.2.6 Woodworking
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5.2.7 Other End-user Industries
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5.3 Geography
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5.3.1 Brazil
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5.3.2 Argentina
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5.3.3 Chile
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5.3.4 Colombia
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5.3.5 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 3M
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6.4.2 Adhesives Research Inc.
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6.4.3 Arkema Group
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6.4.4 Ashland
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6.4.5 Avery Dennison Corporation
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6.4.6 Beardow Adams
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6.4.7 Dow
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6.4.8 DuPont
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6.4.9 Dymax Corporation
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6.4.10 H.B. Fuller
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6.4.11 Henkel AG & Co. KGaA
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6.4.12 Hexion
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6.4.13 Huntsman International LLC
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6.4.14 ITW Performance Polymers (Illinois Tool Works Inc.)
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6.4.15 Jowat AG
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6.4.16 Mapei Inc.
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6.4.17 Tesa SE (A Beiersdorf Company)
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6.4.18 Sika AG
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6.4.19 Wacker Chemie AG
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Shifting Focus Towards the Bio-based Adhesives
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7.2 Replacement of Solvent-borne Adhesives in Construction Industry
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South America Acrylic Adhesives Industry Segmentation
South America acrylic adhesives market report include:
| Technology | |
| Water-based | |
| Solvent-based | |
| Reactive | |
| Other Technologies |
| End-user Industry | |
| Building and Construction | |
| Electrical and Electronics | |
| Packaging | |
| Sporting Goods | |
| Transportation | |
| Woodworking | |
| Other End-user Industries |
| Geography | |
| Brazil | |
| Argentina | |
| Chile | |
| Colombia | |
| Rest of South America |
South America Acrylic Adhesives Market Research FAQs
What is the current South America Acrylic Adhesives Market size?
The South America Acrylic Adhesives Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)
Who are the key players in South America Acrylic Adhesives Market?
3M, Arkema Group, H.B. Fuller, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the South America Acrylic Adhesives Market.
What years does this South America Acrylic Adhesives Market cover?
The report covers the South America Acrylic Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Acrylic Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Acrylic Adhesives Industry Report
Statistics for the 2024 South America Acrylic Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Acrylic Adhesives analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
