Market Trends of South America Epoxy Adhesives Industry
This section covers the major market trends shaping the South America Epoxy Adhesives Market according to our research experts:
Construction Industry to Dominate the Market
- Epoxy adhesives are used in construction applications, majorly for concrete repair and anchoring purposes. They are also used in woodworking and carpentry applications to increase the strength of adhesion with wooden surfaces in constructions.
- These adhesives are commonly used to bond steel, to reinforce plates or carbon laminates, and to strengthen beams and columns. They are also used for bonding segments in bridges and viaducts, where they may completely substitute metal screws or bolts, providing an effective resistance to the constant load on the road and the different temperature ranges.
- Epoxies are exclusively used for bonding of fasteners, where they protect the fastening materials, such as bolts from stresses and corrosion, in turn strengthening the bond.
- Epoxy adhesives are widely employed in public infrastructures, such as bridges for joining precast materials. They are also used for bonding of steel reinforcement components and carbon laminates for columns and slabs. Anchoring of bolts and steel bars in concrete and joining the ends of concrete or metal pipes for sewage systems are other applications that involve the usage of epoxy adhesives.
- Hence, owing to the above mentioned factors, construction industry is expected to dominate the market studied during the forecast period.
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Brazil to Dominate the Market
- Brazil accounts for the highest share of South America epoxy adhesives market currently owing to the high demand from construction and aerospace industries.
- The aerospace industry in Brazil is enjoying a decent growth owing to the company Embraer, which ranks in one of the top five aircraft manufacturers in the world. The aerospace maintenance and repair sub-sector had been enjoying significant growth in the last couple of years.
- The State of Sao Paulo has the largest aerospace hub in Latin America with around 100 manufacturing facilities, of which approximately 70% is occupied by Brazilian units.
- Additionally, growing demand from the construction industry of the country is also expected to drive the growth of the market studied during the forecast period.
- Hence, owing to the above-mentioned factors, Brazil is likely to dominate the market studied during the forecast period.
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