South & Central America Adhesives and Sealants Market
Bio-based materials are gaining traction in all fields due to their improved environmental footprint and independence from petroleum resources that come with their use. Bio-based adhesives are natural polymeric materials consisting of high molecular weight and utilize biocompatible and biodegradable polymers to join two surfaces. These polymers are composed of molecular building blocks linked together to form various large and complex structures. In recent years, there have been developments in bio-based adhesives. For instance, soy-based adhesives are developed to replace urea formaldehyde (UF) resins to avoid concerns related to formaldehyde toxicity. The adhesives formulated from soy protein exhibit desirable dry bonding strength and reduce the dependency on petroleum resins. The biobased raw materials utilized in the adhesive are produced from regenerative sources. This leads to the reduction of CO2 emissions compared to fossil raw materials in the supply chain. Further, biobased adhesives are suitable for packaging end use industry’s due to the clean and efficient bonding of outer coating of paper. Also, they can be used as an environmentally friendly alternative in the production of disposable drinking straws, crockery, and cutlery. Hence, owing to the rising concern and awareness about the social and environmental impacts of conventional materials, manufacturers of adhesives are shifting toward environment-friendly bio-based materials, which is expected to offer lucrative opportunities for the adhesives and sealants market growth during the forecast period.
South & Central America adhesives and sealants market is segmented into Brazil, Argentina, and the Rest of South & Central America. The governments of various countries in South & Central America are focusing on developing infrastructure projects that are boosting the demand for adhesives and sealants. Further, the strong presence of automotive companies in Brazil and Argentina and the rise in sales of vehicles are propelling the adhesives and sealants market growth in the region. According to the Brazilian Association of Automotive Vehicle Manufacturers report auto production in Brazil rose by 11.4%, and sales boosted by 10.9% during February–March 2022. Moreover, major market players in the automotive sector have strategized development and expansion of their operational capacities in South & Central America to tap the lucrative automotive market. In 2022, Audi AG invested US$ 19.2 million to restart production at its plant in Parana, Brazil, registering a capacity of 4,000 vehicles per year.
The South & Central America adhesives and sealants market is segmented based on resin type, end use industry, and country. Based on resin type, the South & Central America adhesives and sealants market is bifurcated into adhesives and sealants. The adhesives segment held a larger market share in 2022. Additionally, the adhesives segment is categorized into epoxy, polyurethane, acrylic, and others. Further, the sealants segment is subsegmented into silicone sealant, urethane sealant, acrylic sealant, polysulfide sealant, and others.
Based on end-use industry, the South & Central America adhesives and sealants market is segmented into automotive, aerospace, paper and packaging, building and construction, electrical and electronics, medical, and others. The building and construction segment held the largest market share in 2022.
Based on country, the South & Central America adhesives and sealants market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America adhesives and sealants market share in 2022.
Henkel AG and Co KGaA, HB Fuller Company, Sika AG, 3M Co, Huntsman International LLC, Dow Inc, Wacker Chemie AG, and Parker Hannifin Corp are some of the leading players operating in the South & Central America adhesives and sealants market.
Strategic insights for the South & Central America Adhesives and Sealants 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 2022 | US$ 1,670.90 Million |
| Market Size by 2030 | US$ 2,057.42 Million |
| Global CAGR (2022 - 2030) | 2.6% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| 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 & Central America Adhesives and Sealants 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 South & Central America Adhesives and Sealants Market is valued at US$ 1,670.90 Million in 2022, it is projected to reach US$ 2,057.42 Million by 2030.
As per our report South & Central America Adhesives and Sealants Market, the market size is valued at US$ 1,670.90 Million in 2022, projecting it to reach US$ 2,057.42 Million by 2030. This translates to a CAGR of approximately 2.6% during the forecast period.
The South & Central America Adhesives and Sealants 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 & Central America Adhesives and Sealants Market report:
The South & Central America Adhesives and Sealants Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Adhesives and Sealants Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Adhesives and Sealants Market value chain can benefit from the information contained in a comprehensive market report.
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