South America Epoxy Adhesives Market - Segmented by Product Type, End-user, and Geography - Growth, Trends, and Forecast (2018 - 2023)

South America Epoxy Adhesives Market - Segmented by Product Type, End-user, and Geography - Growth, Trends, and Forecast (2018 - 2023)

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The South America Epoxy Adhesives market is estimated to register a significant CAGR during the forecast period. Brazil is expected to hold the largest share of the market, owing to the healthy growth of the automotive industry. Construction is expected to hold the largest share of the end-user.

Accelerating Demand from Automotive Industry is set to Propel Growth of the Epoxy Adhesives Market

Epoxy adhesives are used in automotive industry for structural bonding i.e. wherever strong and long-lasting bonds are required. The majority of the current automotive bonding applications are of epoxy adhesives. Thus, the epoxy adhesives market is directly related to the automotive production. The automotive sector of the region experienced downfall during the period 2014-2016 but has since recovered. Major economies, such as Brazil and Argentina are expected to experience a heavy surge during the forecast period. The growth of automotive production clubbed with increasing application is expected to help propel the growth of the market in the region.

Construction is Expected to Hold the Largest Share of the End-user Segment During the Forecast Period

Construction accounts for close to 30% of the total share of the market in 2017. Epoxy adhesives are used for joining concrete, brickwork, masonry, elastomeric bearings, timber, ceramic tiles, aluminum, and steel. Moreover, with the increasing applications of plastics, wood, and composites in building, the applications of epoxy adhesives in construction is also on rise. Furthermore, the application of epoxy adhesives in pre-stressed concrete is also increasing.   There are many construction projects up in the pipeline in countries, such as Brazil; these projects are expected to boost the demand for epoxy adhesives during the forecast period.

Brazil is set to dominate the region during the forecast period

The aerospace industry in Brazil is enjoying a decent growth owing to the company Embraer, which ranks in one of the top five aircraft manufacturers in the world, in 2016. The aerospace maintenance and repair sub-sector had been enjoying an annual growth rate of approximately 5%-6% in the last couple of years. The State of Sao Paulo has the largest aerospace hub in Latin America with around 100 manufacturing facilities, of which approximately 70% is occupied by Brazilian units. Increasing growth in the aerospace manufacturing sector will drive the market for reactive adhesives in this industry through 2021.

Moreover, the automotive sector of the country has also witnessed a significant rise in 2017; around 25%. Additionally, major electric vehicle manufacturers, such as Toyota, Volkswagen, Hyundai, Nissan, Chevrolet, Volvo, and BMW are expected to expand their base in Brazil.

                                   

Notable Developments in the Market

  • September 2017: H.B. Fuller Company to acquire Royal Adhesives and Sealants
  • August 2016: Adhesives division of Alfagres S.A. was acquired by Henkel AG & Co. KGaA

Major Players: Henkel AG & Co. KGaA, H.B. Fuller Co., and 3M, among others.

Reasons to Purchase this Report

  • To understand the impact of accelerating demand from automotive industry on the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating end-user in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players.
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

              1.1 Research Phases

              1.2 Study Deliverables

              1.3 Scope of the Report

2. Executive Summary

3. Market Insights

              3.1 Industry Value Chain Analysis

              3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                             3.2.1 Bargaining Power of Suppliers

                             3.2.2 Bargaining Power of Consumers

                             3.2.3 Threat of New Entrants

                             3.2.4 Threat of Substitute Products and Services

                             3.2.5 Degree of Competition

4. Raw Material Analysis

5. Market Dynamics

              5.1 Drivers

                             5.1.1 Accelerating Demand from Automotive Industry

                             5.1.2 Growing Demand for Miniaturized and Lightweight electronics

              5.2 Restraints

                             5.2.1 Stringent Environmental Regulations Regarding VOCs

                             5.2.2 Other Restraints

              5.3 Opportunities

                             5.3.1 Increasing Applications and Rising Awareness of Structural Adhesives

                             5.3.2 Improving Aerospace Sector in the Region

6. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

              6.1 By End-user

                             6.1.1 Aerospace & Defense

                             6.1.2 Automotive

                             6.1.3 Marine

                             6.1.4 Electrical & Electronics

                             6.1.5 Construction

                             6.1.6 Energy and Power

                             6.1.7 Others

              6.2 By Product Type

                             6.2.1 One-component

                             6.2.2 Two-component

                             6.2.3 Others

7. Regional Market Analysis (Market Size, Growth, and Forecast)

              7.1 Brazil

              7.2 Argentina

              7.3 Chile

              7.4 Rest of South America

8. Future of the Market

9. Competitive Landscape

              9.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

              9.2 Market Share Analysis**

              9.3 Strategies Adopted by Leading Players

10. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

              10.1 3M 

              10.2 AdCo UK Limited

              10.3 Adhesive Technologies Corp.

              10.4 Alfa International Corporation

              10.5 American Chemical Inc.

              10.6 Arkema Group (Bostik SA)

              10.7 Ashland Inc.

              10.8 Avery Dennison Corp.

              10.9 Benson Polymers Ltd.

              10.10 BÜHNEN (Germany)

              10.11 Chemence Ltd.

              10.12 Collano Adhesives AG

              10.13 Cyberbond LLC

              10.14 DELO Industrial Adhesives

              10.15 Dymax

              10.16 H.B. Fuller Co.

              10.17 Helmitin Adhesives

              10.18 Henkel AG & Co. KGaA

              10.19 Hexcel Corporation

              10.20 Huntsman Corp.

              10.21 ITW Performance Polymers (Illinois Tool Works Inc.)

              10.22 Jowat AG

              10.23 LORD Corp.

              10.24 Mactac

              10.25 Mapei Spa

              10.26 Master Bond

              10.27 Permabond Engineering Adhesives Ltd.

              10.28 Pidilite Industries Ltd.

              10.29 Royal Adhesives and Sealants

              10.30 RPM International

              10.31 Sika AG

              10.32 Super Glue Corp.

              10.33 Tesa SE (A Beiersdorf Company)

              10.34 Wacker Chemie AG

               *List not exhaustive

11. Disclaimer

 **Subject to availability on public domain

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