Market Size of South America Cyanoacrylate Adhesives Industry
| 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 |
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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 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 Size Summary
The South America cyanoacrylate adhesives market is poised for growth, driven primarily by increasing demand from the electronics and furniture sectors. Despite challenges such as fluctuating raw material prices, the market is expected to expand steadily. Brazil is anticipated to hold a significant portion of the market share, supported by its robust end-user industries. The healthcare sector is projected to experience the highest growth rate, fueled by the rising number of surgeries and the need for advanced tissue adhesives. The use of cyanoacrylate adhesives in medical applications, particularly for surgical wound closure, has established them as a gold standard, further bolstering their market presence.
The market landscape in South America is moderately fragmented, with numerous players contributing to the competitive environment. Key companies such as 3M, Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Group, and Sika AG are prominent in the market. Brazil's dominance is attributed to its expanding industries and the increasing application of cyanoacrylate adhesives in medical and dental fields. Additionally, the rising standard of living and demand for home furnishings are expected to create further opportunities for market growth in the region.
South America Cyanoacrylate 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 Growing Demand from Electronics and Furniture Industries
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1.1.2 Other Drivers
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1.2 Restraints
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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 Product Type
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2.1.1 Alkoxy Ethyl-based
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2.1.2 Ethyl Ester-based
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2.1.3 Methyl Ester-based
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2.1.4 Other Product Types
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2.2 End-user Industry
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2.2.1 Transportation
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2.2.2 Footwear & Leather
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2.2.3 Furniture
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2.2.4 Consumer Goods
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2.2.5 Healthcare
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2.2.6 Electronics
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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 Rest of South America
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South America Cyanoacrylate Adhesives Market Size 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.
