South America Adhesives Market Size
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2018 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Adhesives Market Analysis
The South America Adhesives market is expected to reach a value of USD 2.79 billion by the end of this year and is projected to register a CAGR of more than 5% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.
- The expanding packaging industry in the region will likely drive the market significantly in the coming years.
- However, the strict regulations on the usage of VOC-free content are expected to hinder the market's growth.
- The development of bio-based and hybrid Adhesives is expected to be an opportunity.
South America Adhesives Market Trends
This section covers the major market trends shaping the South America Adhesives Market according to our research experts:
Increasing Demand from Packaging Industry
- Packaging is a fast-growing industry in terms of design and technology for protecting and enhancing products' safety and longevity.
- It is the largest end-user industry, accounting for 57% of adhesive consumption across all South American countries.
- The demand for quick and on-the-go packaged items is increasing due to consumers' busier lifestyles, greater spending power, and related factors in the region.
- The growing interest in public health, along with the emerging e-commerce activities across the region, is likely to continue boosting the growth of the food processing industry, which will further drive the packaging demand over the coming years.
- Moreover, packaging paper and paperboard is also growing significantly. For example, Brazil's production capacity of packaging paper and paperboard amounted to 8264 thousand metric tons in 2021, driving the demand for adhesives in the region.
Brazil to Dominate the Market
- Brazil dominates the demand for adhesives from the South American region due to its comparatively larger area and population than other countries like Argentina and Colombia.
- Brazil's demand for construction adhesives is directly dependent on the construction activities in the country. The new floor area in Brazil is expected to increase by 4.76% in 2022 from 2 billion square feet in 2021. Thus, the demand for construction adhesives is expected to grow significantly.
- Moreover, the Brazilian aerospace industry is a prominent exporter of aircraft and related components to nations such as the United States, China, and Japan. In the United States, almost 69% of manufactured aircraft components are exported from Brazil.
- Additionally, Brazil is the largest healthcare market in Latin America and spends 9.1% of its GDP on healthcare.
South America Adhesives Industry Overview
The South American adhesives market is fragmented. The major companies include 3M, Arkema Group, AVERY DENNISON CORPORATION, HB Fuller Company, and Henkel AG & Co. KGaA, among others (in no particular order).
South America Adhesives Market Leaders
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Arkema Group
-
3M
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AVERY DENNISON CORPORATION
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HB Fuller Company
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Henkel AG & Co. KGaA
*Disclaimer: Major Players sorted in no particular order
South America Adhesives Market News
- In January 2023, H.B. Fuller Company introduced Swift®melt 1515-I, for medical applications.
- In July 2021, H.B. Fuller announced a strategic agreement with Covestro to offer sustainable adhesives in the market.
South America Adhesives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Market Drivers
- 4.1.1 Rising Demand from Packaging Industry
- 4.1.2 Other Drivers
- 4.2 Market Restraints
- 4.3 Industry Value Chain Analysis
-
4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value and Revenue)
-
5.1 End-User Industry
- 5.1.1 Building and Construction
- 5.1.2 Aerospace
- 5.1.3 Automotive
- 5.1.4 Footwear and Leather
- 5.1.5 Healthcare
- 5.1.6 Packaging
- 5.1.7 Woodwork and Joinery
- 5.1.8 Other End-user Industries
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5.2 Technology
- 5.2.1 Water-borne
- 5.2.2 Solvent-borne
- 5.2.3 Reactive
- 5.2.4 Hot Melt
- 5.2.5 UV-Cured Adhesives
- 5.2.6 Other Technologies
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5.3 Resin Type
- 5.3.1 Silicone
- 5.3.2 Polyurethane
- 5.3.3 Acrylic
- 5.3.4 Epoxy
- 5.3.5 Cyanoacrylate
- 5.3.6 VAE/EVA
- 5.3.7 Other Resin Types
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5.4 Geography
- 5.4.1 Argentina
- 5.4.2 Brazil
- 5.4.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%) **/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 H.B. Fuller Company
- 6.4.4 AVERY DENNISON CORPORATION
- 6.4.5 Brascola
- 6.4.6 Sika AG
- 6.4.7 Dow
- 6.4.8 Poliplas Group
- 6.4.9 Poliplas Group
- 6.4.10 Soudal Holding N.V.
- 6.4.11 Henkel AG & Co. KGaA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Development of Bio-based and Hybrid Adhesives
South America Adhesives Industry Segmentation
Adhesives are made from a combination of resins, additives, and solvents. The South American adhesives market is segmented by end-user industry, technology, resin type, and geography. By end-user industry, the market is segmented into building and construction, aerospace, automotive, footwear and leather, healthcare, packaging, woodwork and joinery, and other end-user industries. By technology, the market is segmented into the water-borne, solvent-borne, reactive, hot melt, UV-cured adhesives, and other technologies. By resin type, the market is segmented into silicone, polyurethane, acrylic, epoxy, cyanoacrylate, VAE/EVA, and other resin types. The report also covers the market size and forecasts for the market in 2 countries across the region. For each segment, the market sizing and forecasts are based on volume (kiloton) and revenue (USD million).
| End-User Industry | Building and Construction |
| Aerospace | |
| Automotive | |
| Footwear and Leather | |
| Healthcare | |
| Packaging | |
| Woodwork and Joinery | |
| Other End-user Industries | |
| Technology | Water-borne |
| Solvent-borne | |
| Reactive | |
| Hot Melt | |
| UV-Cured Adhesives | |
| Other Technologies | |
| Resin Type | Silicone |
| Polyurethane | |
| Acrylic | |
| Epoxy | |
| Cyanoacrylate | |
| VAE/EVA | |
| Other Resin Types | |
| Geography | Argentina |
| Brazil | |
| Rest of South America |
South America Adhesives Market Research FAQs
What is the current South America Adhesives Market size?
The South America Adhesives Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in South America Adhesives Market?
Arkema Group, 3M, AVERY DENNISON CORPORATION, HB Fuller Company and Henkel AG & Co. KGaA are the major companies operating in the South America Adhesives Market.
What years does this South America Adhesives Market cover?
The report covers the South America Adhesives Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Adhesives Industry Report
Statistics for the 2024 South America Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Adhesives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
