South America Electronics Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Electronics Adhesives Market Analysis
The South America electronics adhesives market is expected to grow at with a CAGR greater than 6% during the forecast period. One of the major factors driving the market is the growing technological advancements in the electronics industry. However, Regulations related to the VOCs is hindering the growth of the market studied.
- Growing demand and penetration of electric vehicles is expected to provide a major growth opportunity for the market studied.
- Brazil accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
- Among the application areas, surface mounting is expected to dominate the market studied during the forecast period.
South America Electronics Adhesives Market Trends
This section covers the major market trends shaping the South America Electronics Adhesives Market according to our research experts:
Surface Mounting Application to Dominate the Market
- Surface mounting, also known as chip bonding, accounts for the highest share of the South America electronic adhesives industry.
- The major types of adhesives used in this application include mostly one-component systems, made from acrylics, epoxies, or urethane acrylates, and can be either electrically or thermally conductive.
- These adhesives used have superior physical and chemical quality which helps them to have a long shelf life, a high wet strength, rapid curing, strength, and flexibility.
- This surface mounting adhesives are used to hold SMT components on a substrate that requires double-sided processing before it goes into a solder reflow or wave solder process. Additionally, they are used to add extra holding power for larger components exposed to high shock environments.
- Hence, owing to the above-mentioned reasons, the surface mounting application is likely to dominate the market studied during the forecast period.
Brazil to Dominate the Market
- Brazil currently accounts for the highest market share of the South America electronics adhesives market. Brazil has some of the largest electronics manufacturing plants in Latin America.
- Additionally, the region is expected to have a strong base in electric vehicle production; among the automakers to be selling or considering to sell electric vehicles (EV) and hybrids in Brazil in Toyota, Volkswagen, Hyundai, Nissan, Chevrolet, Volvo, and BMW.
- Revival of automotive industry clubbed with advent of electrical vehicles is expected to help propel the growth of the market studied in the country.
- Hence, owing to the above-mentioned factors, Brazil is likely to dominate the market studied during the forecast period.
South America Electronics Adhesives Industry Overview
The South America electronics adhesives market is moderately consolidated as the market of the market share is divided among a few players. Some of the key players in the market include Henkel AG & Co. KGaA, Dow,H.B. Fuller Company, 3M, and BASF SE, among others.
South America Electronics Adhesives Market Leaders
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Henkel AG & Co. KGaA
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Dow
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H.B. Fuller Company
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3M
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BASF SE
*Disclaimer: Major Players sorted in no particular order
South America Electronics 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 Technological Advancements
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 Stringent Regulations Related to the VOCs
- 4.2.2 Other 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 Resin Type
- 5.1.1 Epoxy
- 5.1.2 Acrylics
- 5.1.3 Polyurethane
- 5.1.4 Other Resin Types
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5.2 Application
- 5.2.1 Conformal Coatings
- 5.2.2 Surface Mounting
- 5.2.3 Encapsulation
- 5.2.4 Wire Tacking
- 5.2.5 Other Applications
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5.3 Geography
- 5.3.1 Brazil
- 5.3.2 Argentina
- 5.3.3 Chile
- 5.3.4 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 BASF SE
- 6.4.2 3M
- 6.4.3 AVERY DENNISON CORPORATION.
- 6.4.4 Dow
- 6.4.5 Sika AG
- 6.4.6 Ashland.
- 6.4.7 H.B. Fuller Company
- 6.4.8 Beardow Adams
- 6.4.9 CHEMENCE
- 6.4.10 Henkel AG & Co. KGaA
- 6.4.11 Huntsman International LLC.
- 6.4.12 Pidilite Industries Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Demand for Electric Vehicles
South America Electronics Adhesives Industry Segmentation
The South America Electronics Adhesives market report includes:
| Resin Type | Epoxy |
| Acrylics | |
| Polyurethane | |
| Other Resin Types | |
| Application | Conformal Coatings |
| Surface Mounting | |
| Encapsulation | |
| Wire Tacking | |
| Other Applications | |
| Geography | Brazil |
| Argentina | |
| Chile | |
| Rest of South America |
South America Electronics Adhesives Market Research FAQs
What is the current South America Electronics Adhesives Market size?
The South America Electronics Adhesives Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in South America Electronics Adhesives Market?
Henkel AG & Co. KGaA, Dow, H.B. Fuller Company, 3M and BASF SE are the major companies operating in the South America Electronics Adhesives Market.
What years does this South America Electronics Adhesives Market cover?
The report covers the South America Electronics Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Electronics Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Electronics Adhesives Industry Report
Statistics for the 2024 South America Electronics Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Electronics Adhesives analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
