South America Electronics Adhesives Market Size (2024 - 2029)

The South America electronics adhesives market is anticipated to experience significant growth, driven by technological advancements in the electronics sector. Despite challenges posed by regulations on volatile organic compounds, the market is poised for expansion, particularly due to the increasing demand for electric vehicles. Brazil is expected to maintain its leading position in terms of market share. Surface mounting applications are projected to dominate the market throughout the forecast period.

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Market Size of South America Electronics Adhesives Industry

South America Electronics Adhesives Market - Market Summary
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

South America Electronics Adhesives Market 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 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
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South America Electronics Adhesives Market Size Summary

The South America electronics adhesives market is poised for significant growth, driven by technological advancements within the electronics sector. Despite challenges posed by regulations concerning volatile organic compounds (VOCs), the market is expected to benefit from the increasing demand for electric vehicles, which presents substantial growth opportunities. Brazil stands out as the dominant player in this market, largely due to its extensive electronics manufacturing capabilities and burgeoning electric vehicle production. The surface mounting application, also known as chip bonding, is anticipated to lead the market, utilizing one-component adhesive systems made from materials like acrylics, epoxies, or urethane acrylates. These adhesives are favored for their superior physical and chemical properties, including long shelf life, high wet strength, rapid curing, and flexibility, making them ideal for holding SMT components on substrates.

The market landscape in South America is moderately consolidated, with a few key players such as Henkel AG & Co. KGaA, Dow, H.B. Fuller Company, 3M, and BASF SE holding significant market shares. Brazil's prominence in the market is further bolstered by its robust automotive industry and the increasing presence of electric and hybrid vehicles from major automakers like Toyota, Volkswagen, Hyundai, Nissan, Chevrolet, Volvo, and BMW. The revival of the automotive sector, coupled with the rise of electric vehicles, is expected to drive the growth of electronics adhesives in the region. As a result, Brazil is likely to maintain its leading position in the South America electronics adhesives market throughout the forecast period.

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South America Electronics Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Technological Advancements

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Regulations Related to the VOCs

      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 Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Acrylics

      3. 2.1.3 Polyurethane

      4. 2.1.4 Other Resin Types

    2. 2.2 Application

      1. 2.2.1 Conformal Coatings

      2. 2.2.2 Surface Mounting

      3. 2.2.3 Encapsulation

      4. 2.2.4 Wire Tacking

      5. 2.2.5 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Chile

      4. 2.3.4 Rest of South America

South America Electronics Adhesives Market Size FAQs

The South America Electronics Adhesives Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

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.

South America Electronics Adhesives Market Report Snapshots

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