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South America Acrylic Adhesives Market Size (2024 - 2029)

The South America acrylic adhesives market is anticipated to experience growth, driven by the resurgence in construction activities and the increasing reliance on processed and packaged foods. Despite potential challenges posed by stringent VOC emission regulations and the need for alternative feedstocks, the market's expansion is supported by the rapid growth of the water-based acrylic adhesives segment, fueled by heightened consumer awareness of environmental and health impacts. Opportunities are also emerging from the replacement of solvent-borne adhesives in the construction industry and a shift towards bio-based alternatives. Brazil is identified as the largest market in the region, with demand primarily driven by the construction, woodworking, and packaging sectors.

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Market Size of South America Acrylic Adhesives Industry

South America Acrylic Adhesives Market- Market Summary
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

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*Disclaimer: Major Players sorted in no particular order

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 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
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South America Acrylic Adhesives Market Size Summary

The South America acrylic adhesives market is poised for growth, driven by a resurgence in construction activities and a rising reliance on processed and packaged food products. The market's expansion is, however, challenged by stringent VOC emission regulations that affect the disposal and substitution of acrylic adhesives. The water-based acrylic adhesives segment is anticipated to experience the fastest growth due to increasing consumer awareness of the environmental and health impacts of solvent-based adhesives. The construction industry's shift from solvent-borne to bio-based adhesives presents further opportunities for market growth. Brazil emerges as the largest market within the region, with significant consumption fueled by the construction, woodworking, and packaging industries. The packaging sector, in particular, dominates the use of acrylic adhesives, as these adhesives are essential in manufacturing a variety of products, including tapes, cases, labels, and cartons.

In South America, countries like Brazil, Chile, and Argentina show a strong dependency on processed and packaged food, which, along with the growth of e-commerce and online food deliveries, boosts the demand for packaging materials and, consequently, acrylic adhesives. Despite Brazil's recent economic volatility, characterized by political instability and high inflation, the recovery of key industries such as automotive and construction supports economic growth. The Brazilian government's infrastructure development program aims to attract private sector investment, potentially increasing the demand for acrylic adhesives. The retail sector in Brazil, the largest in the region, is experiencing growth due to rising demand for food and consumer goods, further driving the need for packaging and acrylic adhesives. The market is fragmented, with key players including 3M, Arkema Group, Sika AG, H.B. Fuller, and Henkel AG & Co. KGaA, among others.

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South America Acrylic Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 High Packaging Demand from Food & Beverage Industry

      2. 1.1.2 Recovery in Construction Sector

    2. 1.2 Restraints

      1. 1.2.1 Availability of Alternative Feedstocks for Adhesives

      2. 1.2.2 Stringent Environmental Regulations Regarding VOC Emissions

    3. 1.3 Industry Value-chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Technology

      1. 2.1.1 Water-based

      2. 2.1.2 Solvent-based

      3. 2.1.3 Reactive

      4. 2.1.4 Other Technologies

    2. 2.2 End-user Industry

      1. 2.2.1 Building and Construction

      2. 2.2.2 Electrical and Electronics

      3. 2.2.3 Packaging

      4. 2.2.4 Sporting Goods

      5. 2.2.5 Transportation

      6. 2.2.6 Woodworking

      7. 2.2.7 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Chile

      4. 2.3.4 Colombia

      5. 2.3.5 Rest of South America

South America Acrylic Adhesives Market Size FAQs

The South America Acrylic Adhesives Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)

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.

South America Acrylic Adhesives Market Report Snapshots

South America Acrylic Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)