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South America Adhesives Market Size (2024 - 2029)

The South America Adhesives market is anticipated to experience steady growth, having recovered from the negative impacts of COVID-19. The market's expansion is primarily driven by the burgeoning packaging industry in the region. Despite challenges posed by stringent regulations on VOC-free content, the market is poised for growth, with the development of bio-based and hybrid adhesives presenting potential opportunities.

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Market Size of South America Adhesives Industry

South America Adhesives - Market Summary
Study Period 2018 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2018 - 2022
CAGR > 5.00 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

South America Adhesives Market Analysis

The South America Adhesives market is expected to reach a value of USD 2.79 billion by the end of this year and is projected to register a CAGR of more than 5% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.

  • The expanding packaging industry in the region will likely drive the market significantly in the coming years.
  • However, the strict regulations on the usage of VOC-free content are expected to hinder the market's growth.
  • The development of bio-based and hybrid Adhesives is expected to be an opportunity.

South America Adhesives Industry Segmentation

Adhesives are made from a combination of resins, additives, and solvents. The South American adhesives market is segmented by end-user industry, technology, resin type, and geography. By end-user industry, the market is segmented into building and construction, aerospace, automotive, footwear and leather, healthcare, packaging, woodwork and joinery, and other end-user industries. By technology, the market is segmented into the water-borne, solvent-borne, reactive, hot melt, UV-cured adhesives, and other technologies. By resin type, the market is segmented into silicone, polyurethane, acrylic, epoxy, cyanoacrylate, VAE/EVA, and other resin types. The report also covers the market size and forecasts for the market in 2 countries across the region. For each segment, the market sizing and forecasts are based on volume (kiloton) and revenue (USD million).

End-User Industry
Building and Construction
Aerospace
Automotive
Footwear and Leather
Healthcare
Packaging
Woodwork and Joinery
Other End-user Industries
Technology
Water-borne
Solvent-borne
Reactive
Hot Melt
UV-Cured Adhesives
Other Technologies
Resin Type
Silicone
Polyurethane
Acrylic
Epoxy
Cyanoacrylate
VAE/EVA
Other Resin Types
Geography
Argentina
Brazil
Rest of South America
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South America Adhesives Market Size Summary

The South America adhesives market is poised for steady growth, driven primarily by the expanding packaging industry, which is the largest consumer of adhesives in the region. This growth is fueled by the increasing demand for quick and convenient packaged products, influenced by consumers' busier lifestyles and rising spending power. The market is also benefiting from the burgeoning e-commerce sector and heightened public health awareness, which are boosting the food processing industry and, consequently, the demand for packaging solutions. Despite challenges posed by strict regulations on VOC-free content, the development of bio-based and hybrid adhesives presents a significant opportunity for market expansion.

Brazil stands out as the dominant force in the South American adhesives market, largely due to its extensive construction activities and robust aerospace industry, which exports a significant portion of its manufactured components. The country's healthcare sector, the largest in Latin America, further contributes to the demand for adhesives. The market is characterized by fragmentation, with key players such as 3M, Arkema Group, AVERY DENNISON CORPORATION, HB Fuller Company, and Henkel AG & Co. KGaA actively participating. Recent developments, such as H.B. Fuller's introduction of Swift®melt 1515-I for medical applications and its strategic agreement with Covestro, highlight the ongoing innovation and focus on sustainability within the industry.

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South America Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Rising Demand from Packaging Industry

      2. 1.1.2 Other Drivers

    2. 1.2 Market Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value and Revenue)

    1. 2.1 End-User Industry

      1. 2.1.1 Building and Construction

      2. 2.1.2 Aerospace

      3. 2.1.3 Automotive

      4. 2.1.4 Footwear and Leather

      5. 2.1.5 Healthcare

      6. 2.1.6 Packaging

      7. 2.1.7 Woodwork and Joinery

      8. 2.1.8 Other End-user Industries

    2. 2.2 Technology

      1. 2.2.1 Water-borne

      2. 2.2.2 Solvent-borne

      3. 2.2.3 Reactive

      4. 2.2.4 Hot Melt

      5. 2.2.5 UV-Cured Adhesives

      6. 2.2.6 Other Technologies

    3. 2.3 Resin Type

      1. 2.3.1 Silicone

      2. 2.3.2 Polyurethane

      3. 2.3.3 Acrylic

      4. 2.3.4 Epoxy

      5. 2.3.5 Cyanoacrylate

      6. 2.3.6 VAE/EVA

      7. 2.3.7 Other Resin Types

    4. 2.4 Geography

      1. 2.4.1 Argentina

      2. 2.4.2 Brazil

      3. 2.4.3 Rest of South America

South America Adhesives Market Size FAQs

The South America Adhesives Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Arkema Group, 3M, AVERY DENNISON CORPORATION, HB Fuller Company and Henkel AG & Co. KGaA are the major companies operating in the South America Adhesives Market.

South America Adhesives Report Snapshots

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