Brazil Adhesives Market Size

Brazil Adhesives Market Analysis

The Brazil Adhesives Market size is estimated at 1.79 billion USD in 2024, and is expected to reach 2.16 billion USD by 2028, growing at a CAGR of 4.71% during the forecast period (2024-2028).

Want to share this? Click here to share on social media or embed it on your website.

1.79 Billion

Market Size in 2024 (USD)

2.16 Billion

Market Size in 2028 (USD)

5.03 %

CAGR (2017-2023)

4.71 %

CAGR (2024-2028)

Largest Market by End-user Industry

42.45 %

value share, Packaging, 2023

The packaging end-user industry holds the largest market share owing to its widespread applications of adhesives, including labels, tapes, carton sealing, and joining.

Fastest Growing Market by End-user Industry

6.88 %

Projected CAGR, Aerospace, 2024-2028

The aerospace industry is expected to register the fastest growth in the market owing to the rapid expansion of general and civil aviation in the domestic market.

Largest Market by Technology

59.41 %

value share, Water-borne, 2023

Water-borne technology, an environmentally friendly and economically viable solution, holds the largest technological market share due to its well-recognized usage in food packaging applications through emulsion and dispersion systems.

Largest Market by Resin

29.20 %

value share, Acrylic, 2023

The acrylic-based adhesive segment holds the highest market share owing to its pressure-sensitive applications in packaging, construction, and healthcare end-user industries.

Leading Market Player

10.16 %

market share, Henkel AG & Co. KGaA, 2021

Henkel is the leading adhesives manufacturer in Brazil due to the popularity of its products in various industries, including building and construction, automotive, aerospace, and woodworking.

A spike in raw material prices in the coming years is expected to influence the demand for adhesives

Brazil Adhesives Industry Segmentation

Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery are covered as segments by End User Industry. Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin.

• Brazil is the highest consumption country for adhesives in South America. Packaging, construction, and other sectors rely heavily on adhesives. Volkswagen, Golabalpack, and MPD are among the country's top adhesive consumers. Packaging is the most important end-user industry for adhesives, accounting for USD 614.4 million of the country's overall adhesives market. Top water-based technological adhesives are commonly used in labeling applications in the packaging sector to produce a bind between plastic, metal, and paper substrates. Water-borne adhesives are the least expensive of all forms of adhesives, costing half as much.
• Brazil's demand for construction adhesives and sealants is directly dependent on the construction activities in the country. The slow recovery from the 2015 recession and uncertainty in the country's macroeconomic policy framework restricted construction activities in Brazil till 2019. Brazil's building and construction industry registered a Y-o-Y growth of 2% in Q2 2019 because of strong demand from the civil construction sector. This growth came after 20 quarters of continuous decline.
• In 2022, the growth was expected to decline from 10.99% in 2021 to 5.8% because of rising raw material prices. This has significantly increased the overall construction cost in Brazil and resulted in construction delays. The Brazilian government's mortgage subsidy, which has lowered the housing interest rates from 8.16% to 7.66% for low-budget homes, is expected to cushion the impact of raw material price hikes. All such factors are expected to boost the demand for adhesives across the country over the forecast period.