South America Cyanoacrylate Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Cyanoacrylate Adhesives Market Analysis
The South America cyanoacrylate adhesives market is expected to grow with a CAGR greater than 4% during the forecast period. One of the major factors driving the market is the growing demand from the electronics and furniture industries in the region. However, volatility in the raw material prices is hindering the growth of the market studied.
- Among the Countries, Brazil is likely to occupy the major market share during the forecast period.
- Among the end-user industries, the healthcare industry is likely to witness the highest growth rate during the forecast period.
South America Cyanoacrylate Adhesives Market Trends
This section covers the major market trends shaping the South America Cyanoacrylate Adhesives Market according to our research experts:
Healthcare Industry to Witness the Highest Growth Rate
- The number of surgeries performed in the South American region witnessed significant growth in the past few years. Sutures, staples, and metallic grafts are an integral part of the surgery, and also the highest standard possible at present for wound closure.
- However, the pain and discomfort caused by these invasive techniques have led to an urgent need for the development of tissue adhesives for surgical settings.
- The ester form of cyanoacrylate, N-butyl-2-cyanoacrylate, is one of the adhesive components that have been widely used as a tissue adhesive in medical and veterinary applications for surgical wound closure and to close the wounds from cat declawing, etc.
- Cyanoacrylate adhesives even acquired the gold standard status in medical adhesives, which helped these adhesives to retain good market share in the medical adhesives market.
- Technological advancements in improving non-toxicity are driving the demand for cyanoacrylate adhesives market.
- Hence, owing to the above-mentioned reasons, healthcare industry is likely to witness the highest growth rate during the forecast period.
Brazil to Dominate the Market
- Brazil accounts for the highest market share of the South America Cyanoacrylate market currently owing to the high demand from its end-user industries. The country's economy has witnessed a GDP growth of less than 1% in 2019, and no further growth in the economy is expected to be witnessed in 2020, owing to the declining economic growth due to COVID-19 impact.
- The market demand for cyanoacrylate adhesives in the country is majorly driven by expanding various industries such as electronics and furniture in the country.
- Furthermore, increasing usage in the medical application, such as dental and surgical adhesives, and rising standard of living is increasing the demand for home furnishings, which in turn, will offer numerous opportunities in the growth of the cyanoacrylate adhesives market, in the country.
- Hence, owing to the above-mentioned factors, Brazil is likely to dominate the market during the forecast period.
South America Cyanoacrylate Adhesives Industry Overview
The South America Cyanoacrylate Adhesives market is moderately fragmented as the market of the market share is divided among a large number of players. Some of the key players in the market include 3M, Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Group, and Sika AG, among others.
South America Cyanoacrylate Adhesives Market Leaders
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3M
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Henkel AG & Co. KGaA
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H.B. Fuller Company
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Arkema Group
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Sika AG
*Disclaimer: Major Players sorted in no particular order
South America Cyanoacrylate 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
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4.1 Drivers
- 4.1.1 Growing Demand from Electronics and Furniture Industries
- 4.1.2 Other Drivers
- 4.2 Restraints
- 4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Product Type
- 5.1.1 Alkoxy Ethyl-based
- 5.1.2 Ethyl Ester-based
- 5.1.3 Methyl Ester-based
- 5.1.4 Other Product Types
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5.2 End-user Industry
- 5.2.1 Transportation
- 5.2.2 Footwear & Leather
- 5.2.3 Furniture
- 5.2.4 Consumer Goods
- 5.2.5 Healthcare
- 5.2.6 Electronics
- 5.2.7 Other End-user Industries
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5.3 Geography
- 5.3.1 Brazil
- 5.3.2 Argentina
- 5.3.3 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
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Arkema
- 6.4.3 Dow
- 6.4.4 H.B. Fuller Company
- 6.4.5 Henkel AG & Co. KGaA
- 6.4.6 Jowat SE
- 6.4.7 Permabond LLC
- 6.4.8 Sika AG
- 6.4.9 tesa SE
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablitySouth America Cyanoacrylate Adhesives Industry Segmentation
The South America Cyanoacrylate Adhesives market report includes:
| Product Type | Alkoxy Ethyl-based |
| Ethyl Ester-based | |
| Methyl Ester-based | |
| Other Product Types | |
| End-user Industry | Transportation |
| Footwear & Leather | |
| Furniture | |
| Consumer Goods | |
| Healthcare | |
| Electronics | |
| Other End-user Industries | |
| Geography | Brazil |
| Argentina | |
| Rest of South America |
South America Cyanoacrylate Adhesives Market Research FAQs
What is the current South America Cyanoacrylate Adhesives Market size?
The South America Cyanoacrylate Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in South America Cyanoacrylate Adhesives Market?
3M, Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Group and Sika AG are the major companies operating in the South America Cyanoacrylate Adhesives Market.
What years does this South America Cyanoacrylate Adhesives Market cover?
The report covers the South America Cyanoacrylate Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Cyanoacrylate Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Cyanoacrylate Adhesives Industry Report
Statistics for the 2024 South America Cyanoacrylate Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Cyanoacrylate 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.
