South & Central America Hot Melt Adhesives Market Forecast to 2030 - Regional Analysis - by Product Type (Glue Sticks, Glue Slugs, and Others), Type (Ethylene Vinyl Acetate, Polyolefins, Polyamides, Polyurethanes, Styrene Block Copolymers, and Others), and Application (Packaging, Construction, Automotive, Furniture, Footwear, Electronics, and Others)
The South & Central America hot melt adhesives market was valued at US$ 177.52 million in 2022 and is expected to reach US$ 251.04 million by 2030; it is estimated to register a CAGR of 4.4% from 2022 to 2030.
Adoption of Bio-Based Hot-Melt Adhesives Fuels South & Central America Hot Melt Adhesives Market
Hot melt adhesives are now used in several end-use industries; however, people demand bio-based and compostable hot melt adhesives that are environmentally friendly. Henkel has developed biobased hot melt adhesives technology, particularly suited for sustainability and circular economy uses. This development is mainly focused on reducing dependency on petroleum-based raw materials and diminishing the carbon footprint of different manufacturing operations. As one of the developers of these biobased hot melt adhesives chemistries, Henkel is looking to improve the way companies enhance their sustainable packaging initiatives. Ethylene vinyl acetate is used in biobased hot melt adhesives due to their eco-friendly & reliable nature. Using biobased and compostable hot melt adhesives, landfills can be saved to a larger extent. Jowatherm GROW is further providing hot melt adhesives based on renewable raw materials. The modern hot melt adhesives offered by the company are made up of bio-based materials and are recyclable. The company also follows German Packaging Law. Furthermore, the high content of renewable raw materials makes these adhesives environment friendly. The lower processing temperature also facilitates a significant amount of reduction of energy consumption, hence, helping in the conservation of resources as well as optimization of the working environment. In August 2019, Jowat announced the launch of its new Jowatherm GROW product range for use in packaging, prepared with bio-based hot melts for environmentally compatible bonding. According to Jowat, these products feature high renewable raw materials content, which will further offer high efficiency of working. Only resins prepared from crude liquid rosin are reportedly utilized in the adhesives' formulation.
South & Central America Hot Melt Adhesives Market Overview
The continuous technological and industrial developments have positively impacted the economic growth of countries such as Brazil and Argentina. The changing economic condition in South and Central America due to the growth of chemical, packaging, construction, automotive, furniture, footwear, electronics, and other industries, as well as due to increasing support from governments to boost industrial outcomes, provide significant growth prospects for the hot melt adhesive market players in South & Central America. The use of hot melt adhesives is increasing with the growing awareness about environmental sustainability. Moreover, the constant research and development by the key players to develop environmentally friendly products such as decomposable hot melt adhesives are providing notable opportunities to the market players. Hot melt adhesives are gaining popularity due to fast set speed, broad processing window, and good thermal stability as well as due to their adhesion compatibility with many substrates, including highly recycled corrugated papers. Packaging offers strength as well as durability required to protect products during transportation. The hot melt adhesives meant for automotive applications should have heat resistance, low volatile compound emission, bonding compatibility with difficult substrates, and flame-resistant properties. Hot melt adhesives are characterized by solvent-free, stable performance and compliance with low VOC regulations. Several programs and incentives are being implemented by various governmental bodies to focus on the growth of several manufacturing industries. Brazil is a major market for hot melt adhesives in South and Central America, followed by Argentina and other countries. Moreover, with robust government and financial support, entry into the Brazilian manufacturing market seems promising. Thus, developments in the manufacturing sector and government support for encouraging industrial production would flourish the hot melt adhesives market in this region in the coming years.
South & Central America Hot Melt Adhesives Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Hot Melt Adhesives Market Segmentation
The South & Central America hot melt adhesives market is categorized into product type, type, application, and country.
Based on product type, the South & Central America hot melt adhesives market is segmented into glue sticks, glue slugs, and others. The glue sticks segment held the largest market share in 2022.
In terms of type, the South & Central America hot melt adhesives market is segmented into ethylene vinyl acetate, polyolefins, polyamides, polyurethanes, styrene block copolymers, and other. The ethylene vinyl acetate segment held the largest share of South & Central America hot melt adhesives market in 2022.
By application, the South & Central America hot melt adhesives market is divided into packaging, construction, automotive, furniture, footwear, electronics, and others. The packaging segment held the largest share of South & Central America hot melt adhesives market in 2022.
Based on country, the South & Central America hot melt adhesives market is categorized into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America hot melt adhesives market share in 2022.
H.B. Fuller Company; Henkel AG & COMPANY, KGAA; Arkema; 3M; Sika AG; Jowat SE; Hexcel Corporation; The Dow Chemical Company; Beardow Adams; Gorilla Glue Company; and Adhesive Technologies, Inc. are among the leading companies operating in the South & Central America Hot Melt Adhesives market.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Hot Melt Adhesives Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Use
4.4 List of Vendors in the Value Chain:
5. South & Central America Hot Melt Adhesives Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Applications in Several End-Use Industries
5.1.2 Changing Trend from Solvent Adhesive to Hot Melt Adhesive
5.2 Market Restraints
5.2.1 Low Thermal Resistance
5.3 Market Opportunities
5.3.1 Rising Utilization of Hot Melt Adhesives in Road Marking
5.4 Future Trends
5.4.1 Adoption of Bio-Based Hot-Melt Adhesives
5.5 Impact Analysis
6. Hot Melt Adhesives Market - South & Central America Market Analysis
6.1 Hot Melt Adhesives Market Revenue (US$ Million)
6.2 Hot Melt Adhesives Market Forecast and Analysis
7. South & Central America Hot Melt Adhesives Market Analysis - By Product Type
7.1 Glue Sticks
7.1.1 Overview
7.1.2 Glue Sticks Market Revenue and Forecast to 2030 (US$ Million)
7.2 Glue Slugs
7.2.1 Overview
7.2.2 Glue Slugs Market Revenue and Forecast to 2030 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Hot Melt Adhesives Market Analysis - By Type
8.1 Ethylene Vinyl Acetate
8.1.1 Overview
8.1.2 Ethylene Vinyl Acetate Market Revenue and Forecast to 2030 (US$ Million)
8.2 Polyolefins
8.2.1 Overview
8.2.2 Polyolefins Market Revenue and Forecast to 2030 (US$ Million)
8.3 Polyamides
8.3.1 Overview
8.3.2 Polyamides Market Revenue and Forecast to 2030 (US$ Million)
8.4 Polyurethanes
8.4.1 Overview
8.4.2 Polyurethanes Market Revenue and Forecast to 2030 (US$ Million)
8.5 Styrene Block Copolymers
8.5.1 Overview
8.5.2 Styrene Block Copolymers Market Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Hot Melt Adhesives Market Analysis - By Application
9.1 Packaging
9.1.1 Overview
9.1.2 Packaging Market Revenue and Forecast to 2030 (US$ Million)
9.2 Construction
9.2.1 Overview
9.2.2 Construction Market Revenue and Forecast to 2030 (US$ Million)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive Market Revenue and Forecast to 2030 (US$ Million)
9.4 Furniture
9.4.1 Overview
9.4.2 Furniture Market Revenue and Forecast to 2030 (US$ Million)
9.5 Footwear
9.5.1 Overview
9.5.2 Footwear Market Revenue and Forecast to 2030 (US$ Million)
9.6 Electronics
9.6.1 Overview
9.6.2 Electronics Market Revenue and Forecast to 2030 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Hot Melt Adhesives Market - Country Analysis
10.1 South & Central America Market Overview
10.1.1 South & Central America Hot Melt Adhesives Market, By Key Country - Revenue 2022 (US$ Million)
10.1.2 South & Central America Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Countries
10.1.2.1 South & Central America Hot Melt Adhesives Market Breakdown by Country
10.1.2.2 Brazil Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.2.1 Brazil Hot Melt Adhesives Market Breakdown by Product Type
10.1.2.2.2 Brazil Hot Melt Adhesives Market Breakdown by Type
10.1.2.2.3 Brazil Hot Melt Adhesives Market Breakdown by Application
10.1.2.3 Argentina Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.3.1 Argentina Hot Melt Adhesives Market Breakdown by Product Type
10.1.2.3.2 Argentina Hot Melt Adhesives Market Breakdown by Type
10.1.2.3.3 Argentina Hot Melt Adhesives Market Breakdown by Application
10.1.2.4 Rest of South & Central America Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.4.1 Rest of South & Central America Hot Melt Adhesives Market Breakdown by Product Type
10.1.2.4.2 Rest of South & Central America Hot Melt Adhesives Market Breakdown by Type
10.1.2.4.3 Rest of South & Central America Hot Melt Adhesives Market Breakdown by Application
11. Industry Landscape
11.1 Overview
11.2 Mergers & acquisition
11.3 Product Launch
11.4 Collaboration
12. Company Profiles
12.1 H.B. Fuller Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Henkel AG & COMPANY, KGAA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Arkema
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 3M
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Sika AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Jowat SE
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Hexcel Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 The Dow Chemical Company
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Beardow Adams
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Adhesive Technologies, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Gorilla Glue Company
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
List of Tables
Table 1. Hot Melt Adhesives Market Segmentation
Table 2. Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) - Product Type
Table 4. Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) - Type
Table 5. Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) - Application
Table 6. Brazil Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) - By Product Type
Table 7. Brazil Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) - By Type
Table 8. Brazil Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) - By Application
Table 9. Argentina Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) - By Product Type
Table 10. Argentina Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) - By Type
Table 11. Argentina Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) - By Application
Table 12. Rest of South & Central America Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) - By Product Type
Table 13. Rest of South & Central America Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) - By Type
Table 14. Rest of South & Central America Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) - By Application
Table 15. Glossary of Terms, Hot Melt Adhesives Market
List of Figures
Figure 1. Hot Melt Adhesives Market Segmentation, By Country
Figure 2. Hot Melt Adhesives Market - Porter's Analysis
Figure 3. Ecosystem: Hot Melt Adhesives Market
Figure 4. Market Dynamics: Hot Melt Adhesives Market
Figure 5. Hot Melt Adhesives Market Impact Analysis of Drivers and Restraints
Figure 6. Hot Melt Adhesives Market Revenue (US$ Million), 2020 - 2030
Figure 7. Hot Melt Adhesives Market Share (%) - Product Type, 2022 and 2030
Figure 8. Glue Sticks Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Glue Slugs Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Hot Melt Adhesives Market Share (%) -Type, 2022 and 2030
Figure 12. Ethylene Vinyl Acetate Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Polyolefins Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Polyamides Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Polyurethanes Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Styrene Block Copolymers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Hot Melt Adhesives Market Share (%) -Application, 2022 and 2030
Figure 19. Packaging Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Construction Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Automotive Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Furniture Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Footwear Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. Electronics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 26. South & Central America Hot Melt Adhesives Market, By Key Country - Revenue 2022 (US$ Million)
Figure 27. South & Central America Hot Melt Adhesives Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 28. Brazil Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 29. Argentina Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 30. Rest of South & Central America Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
1. H.B. Fuller Company
2. Henkel AG & COMPANY, KGAA
3. Arkema
4. 3M
5. Sika AG
6. Jowat SE
7. Hexcel Corporation
8. The Dow Chemical Company
9. Beardow Adams
10. Gorilla Glue Company
11. Adhesive Technologies, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America hot melt adhesives market.
- Highlights key business priorities to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South & Central America hot melt adhesives market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America hot melt adhesives market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.