South America Adhesive Tapes Market
No. of Pages: 131 | Report Code: TIPRE00025717 | Category: Chemicals and Materials
No. of Pages: 131 | Report Code: TIPRE00025717 | Category: Chemicals and Materials
The adhesives tapes market in SAM is segmented into Brazil, Argentina, and the Rest of SAM. SAM is contributing to the growth of the adhesive tapes market owing to the diversification of the application base. The changing economic condition in the region due to the growing packaging, construction, automotive, electronics, and other industries and increasing governments support to boost industrial outcomes provides a significant growth prospect for the adhesive tapes market players in SAM. The continuous developments have had a positive impact on Brazil and Argentina's economy that has advanced to a large extent. The increase in population has led to an increase in the consumption of products, which is going to increase the demand for packaging and positively impact the Brazil and Argentina's adhesive tapes market growth. Adhesive tapes are used in a variety of additional packaging applications, including toys, home goods, and medical equipment. Replacing mechanical fasteners with adhesive tape and wide range of applications of adhesive tapes are the major factor driving the growth of the SAM adhesive tapes market.
In SAM, Brazil recorded the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina. Governments in SAM have taken an array of actions to protect their citizens and contain the virus spread. Thus, the region is facing lower export revenues, both from the drop-in commodity prices and reduction in export volumes—especially to China, Europe, and the US, which are important trade partners. Containment measures in several SAM countries would reduce economic activities in the chemical & materials sector for at least the next quarter, with a rebound once the epidemic is contained. Furthermore, many businesses have begun to actively market the product to broaden their customer base and reduce business impact.
Strategic insights for the South America Adhesive Tapes provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 2,245.52 Million |
| Market Size by 2028 | US$ 2,960.97 Million |
| Global CAGR (2021 - 2028) | 4.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Resin Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Adhesive Tapes refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The SAM adhesive tapes market is expected to grow from US$ 2,245.52 million in 2021 to US$ 2,960.97 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028. The adhesive tapes market in the region is witnessing growth due to the wide utilization of adhesive tapes in several industries, such as automotive, building and construction, paper, and printing, and electrical and electronics, by countries across the region. Furthermore, the market in the region is primarily significantly affected by the economic dynamics of several countries. However, with the rising foreign direct investments in the industrial development, the current scenario of automotive industry is gradually changing. Countries in the region are observing high growth in the automotive and aviation industries. Adhesive tape is mainly used to assemble various components to protect the production line process. These tapes are usually used to grasp screws and bolts so that seats and dashboards can be easily fixed in their places. Further, adhesive tapes are used in seat heating elements, foam and fabric attachment on the instrument panel, steering wheel wrapping, and mounting rubber and plastic profiles in the vehicle interior. Thus, the growing demand for adhesive tapes from the automotive industry in the region fuels the growth of the SAM adhesive tapes market.
In terms of resin type, the rubber segment accounted for the largest share of the SAM adhesive tapes market in 2020. In terms of technology, the solvent-based adhesive tapes segment held a larger market share of the SAM adhesive tapes market in 2020. In terms of tape backing material, the polypropylene (PP) segment held a larger market share of the SAM adhesive tapes market in 2020. Further, the automotive segment held a larger share of the SAM adhesive tapes market based on application in 2020.
A few major primary and secondary sources referred to for preparing this report on the SAM adhesive tapes market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 3M, Avery Dennison Corporation, Berry Global Inc., LINTEC Corporation, Lohmann GmbH & Co.KG, Nitto Denko Corporation, Scapa, and tesa SE.
The South America Adhesive Tapes Market is valued at US$ 2,245.52 Million in 2021, it is projected to reach US$ 2,960.97 Million by 2028.
As per our report South America Adhesive Tapes Market, the market size is valued at US$ 2,245.52 Million in 2021, projecting it to reach US$ 2,960.97 Million by 2028. This translates to a CAGR of approximately 4.0% during the forecast period.
The South America Adhesive Tapes Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Adhesive Tapes Market report:
The South America Adhesive Tapes Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Adhesive Tapes Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Adhesive Tapes Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
UK+442030260021, US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For South America Adhesive Tapes Market
