South America Contact Adhesives Market Size (2024 - 2029)

The South America contact adhesives market is anticipated to experience growth, driven by the resurgence in construction activities and increased use in the automotive and aerospace sectors for lightweight vehicle and aircraft production. The market size is influenced by the neoprene-based segment, which is expected to expand due to rising demand from the footwear and construction industries. Opportunities are emerging from the shift towards water-borne adhesives. Brazil holds the largest market share, with significant consumption driven by end-user industries such as packaging, construction, woodworking, and footwear, despite potential challenges from stringent VOC emission regulations.

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Market Size of South America Contact Adhesives Industry

South America Contact Adhesives Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 2.00 %
Market Concentration Low

Major Players

South America Contact Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America Contact Adhesives Market Analysis

South America contact adhesives market is expected to grow at a CAGR of more than 2% during the forecast period. The demand for contact adhesives is widely driven by the recovery in construction activities and increased application in automotive and aerospace industry for producing lightweight vehicles and aircrafts. However, stringent VOC emission regulations may affect the growth of the studied market.

  • The neoprene-based segment dominated the market. It is likely to grow during the forecast period, owing to the rising demand from the footwear and construction industry.
  • The shifting focus toward water-borne adhesives is likely to offer opportunities for the contact adhesives market in the region.
  • Brazil stands to be the largest market for contact adhesives in the region, with consumption being majorly driven by the demand from end-user industries, such as packaging, construction, woodworking and footwear.

South America Contact Adhesives Industry Segmentation

South America contact adhesives market report include:

Resin
Neoprene
Styrene Butadiene Copolymer
Acrylic Copolymer
Other Resins
Technology
Water-borne
Solvent-borne
Other Technologies
End-user Industry
Building and Construction
Automotive and Aerospace
Consumer Durables
Packaging
Woodworking
Leather and Footwear
Other End-user Industries
Geography
Brazil
Argentina
Chile
Colombia
Rest of South America
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South America Contact Adhesives Market Size Summary

The South America contact adhesives market is poised for growth, driven by a resurgence in construction activities and increased applications in the automotive and aerospace sectors, where there is a push for lightweight vehicles and aircraft. The market is characterized by the dominance of the neoprene-based segment, which is expected to continue its upward trajectory due to rising demand from the footwear and construction industries. Despite the potential challenges posed by stringent VOC emission regulations, the shift towards water-borne adhesives presents new opportunities for market expansion. Brazil emerges as the largest market within the region, fueled by demand from diverse end-user industries such as packaging, construction, woodworking, and footwear. The properties of contact adhesives, including good cohesion, adhesion, and elasticity, make them particularly valuable in the construction industry, where they are extensively used in applications like wooden flooring and artificial turf.

The economic landscape in Brazil has been volatile, with past challenges including political instability and high inflation. However, recent recovery in the automotive and construction sectors is supporting economic growth. The Brazilian government's infrastructure development programs aim to attract private sector investment, potentially boosting the demand for contact adhesives. Additionally, Brazil's retail sector, the largest in the region, is experiencing growth driven by increased demand for food and consumer goods, further propelling the market for contact adhesives. The South America contact adhesives market is fragmented, with key players such as 3M, Arkema Group, H.B. Fuller, Sika AG, and Henkel AG & Co. KGaA playing significant roles in shaping the competitive landscape.

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South America Contact Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Recovery in Construction Industry

      2. 1.1.2 Increased Application in Automotive and Aerospace Industry

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Regulations Regarding VOC Emissions

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Resin

      1. 2.1.1 Neoprene

      2. 2.1.2 Styrene Butadiene Copolymer

      3. 2.1.3 Acrylic Copolymer

      4. 2.1.4 Other Resins

    2. 2.2 Technology

      1. 2.2.1 Water-borne

      2. 2.2.2 Solvent-borne

      3. 2.2.3 Other Technologies

    3. 2.3 End-user Industry

      1. 2.3.1 Building and Construction

      2. 2.3.2 Automotive and Aerospace

      3. 2.3.3 Consumer Durables

      4. 2.3.4 Packaging

      5. 2.3.5 Woodworking

      6. 2.3.6 Leather and Footwear

      7. 2.3.7 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Brazil

      2. 2.4.2 Argentina

      3. 2.4.3 Chile

      4. 2.4.4 Colombia

      5. 2.4.5 Rest of South America

South America Contact Adhesives Market Size FAQs

The South America Contact Adhesives Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)

3M, Henkel AG & Co. KGaA, Arkema Group, H.B. Fuller and Sika AG are the major companies operating in the South America Contact Adhesives Market.

South America Contact Adhesives Market Report Snapshots

South America Contact Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)