Market Size of South America Acrylic Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.50 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
South America Acrylic Adhesives Market Analysis
South America acrylic adhesives market is expected to grow at a CAGR of over 3.5% during the forecast period. The demand for acrylic adhesives is widely driven by the recovery in construction activities and high dependency on processed and packaged food products. However, stringent VOC emission regulations related to acrylic adhesives disposal and/or substitution from different feedstock may hinder the growth of the studied market.
- The water-based acrylic adhesives segment is expected to be the fastest growing segment, owing to the increasing consumer awareness about the ill-effects of solvent-based adhesives on environment and human health.
- Replacement of solvent-borne adhesives in construction industry and shifting focus towards the bio-based adhesives are likely to offer opportunities for the acrylic adhesives market in the region.
- Brazil stands to be the largest market for acrylic adhesives in the region, with consumption being majorly driven by the growth in construction, woodworking and packaging industries.
South America Acrylic Adhesives Industry Segmentation
South America acrylic adhesives market report include:
Technology | |
Water-based | |
Solvent-based | |
Reactive | |
Other Technologies |
End-user Industry | |
Building and Construction | |
Electrical and Electronics | |
Packaging | |
Sporting Goods | |
Transportation | |
Woodworking | |
Other End-user Industries |
Geography | |
Brazil | |
Argentina | |
Chile | |
Colombia | |
Rest of South America |
South America Acrylic Adhesives Market Size Summary
The South America acrylic adhesives market is poised for growth, driven by a resurgence in construction activities and a rising reliance on processed and packaged food products. The market's expansion is, however, challenged by stringent VOC emission regulations that affect the disposal and substitution of acrylic adhesives. The water-based acrylic adhesives segment is anticipated to experience the fastest growth due to increasing consumer awareness of the environmental and health impacts of solvent-based adhesives. The construction industry's shift from solvent-borne to bio-based adhesives presents further opportunities for market growth. Brazil emerges as the largest market within the region, with significant consumption fueled by the construction, woodworking, and packaging industries. The packaging sector, in particular, dominates the use of acrylic adhesives, as these adhesives are essential in manufacturing a variety of products, including tapes, cases, labels, and cartons.
In South America, countries like Brazil, Chile, and Argentina show a strong dependency on processed and packaged food, which, along with the growth of e-commerce and online food deliveries, boosts the demand for packaging materials and, consequently, acrylic adhesives. Despite Brazil's recent economic volatility, characterized by political instability and high inflation, the recovery of key industries such as automotive and construction supports economic growth. The Brazilian government's infrastructure development program aims to attract private sector investment, potentially increasing the demand for acrylic adhesives. The retail sector in Brazil, the largest in the region, is experiencing growth due to rising demand for food and consumer goods, further driving the need for packaging and acrylic adhesives. The market is fragmented, with key players including 3M, Arkema Group, Sika AG, H.B. Fuller, and Henkel AG & Co. KGaA, among others.
South America Acrylic Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 High Packaging Demand from Food & Beverage Industry
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1.1.2 Recovery in Construction Sector
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1.2 Restraints
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1.2.1 Availability of Alternative Feedstocks for Adhesives
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1.2.2 Stringent Environmental Regulations Regarding VOC Emissions
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1.3 Industry Value-chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Technology
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2.1.1 Water-based
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2.1.2 Solvent-based
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2.1.3 Reactive
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2.1.4 Other Technologies
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2.2 End-user Industry
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2.2.1 Building and Construction
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2.2.2 Electrical and Electronics
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2.2.3 Packaging
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2.2.4 Sporting Goods
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2.2.5 Transportation
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2.2.6 Woodworking
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2.2.7 Other End-user Industries
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2.3 Geography
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2.3.1 Brazil
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2.3.2 Argentina
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2.3.3 Chile
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2.3.4 Colombia
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2.3.5 Rest of South America
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South America Acrylic Adhesives Market Size FAQs
What is the current South America Acrylic Adhesives Market size?
The South America Acrylic Adhesives Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)
Who are the key players in South America Acrylic Adhesives Market?
3M, Arkema Group, H.B. Fuller, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the South America Acrylic Adhesives Market.