South America Polyurethane Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Polyurethane Adhesives Market Analysis
South America polyurethane (PU) adhesives market is expected to grow at a CAGR of more than 2% during the forecast period. The demand for PU adhesives is widely driven by the growth in construction industry and increased application in automotive and aerospace industry for producing lightweight vehicles and aircrafts. However, stringent VOC emission regulations may affect the growth of the studied market.
- Amongst technology, solvent-based stands to be the largest segment as it is extensively preferred for numerous industrial and construction applications.
- However, innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials are likely to offer opportunities for the PU adhesives market.
- Brazil stands to be the largest market for PU adhesives in the region, with consumption being majorly driven by the growth in end-user industries, such as construction, automotive and packaging.
South America Polyurethane Adhesives Market Trends
This section covers the major market trends shaping the South America Polyurethane Adhesives Market according to our research experts:
Building and Construction Industry Dominates the Market
- Among end-user industries, building and construction segment dominates the consumption of PU adhesives in the region.
- PU adhesives have rapid curing and low strength properties, making it an excellent choice for woodworking and other construction applications. They provide high strength required to hold construction materials together.
- Besides, this material is versatile, when it comes to product assembly adhesives. It suits plastics, glass, PVFs, aluminums, stainless steel, and other metals, regardless of the toughness of bond substrates.
- With economies reviving from economic slowdown caused due to corruption, political instability and lack of investment, the construction industry in the region has been recovering at a steady pace.
- Hence, with growing construction activities in countries, such as Brazil, Columbia, Chile and Peru are likely to drive the consumption of PU adhesives market in the region.
Brazil Dominates the Market Demand
- In terms of consumption, Brazil stands to be the largest market for PU adhesives in the region. Brazil had experienced a volatile economy over the past few years. Political instability, high inflation, low prices of export of goods, and depressed confidence levels caused a contraction in the Brazilian economy.
- However, the country's economic growth is now supported by the recovery in various end-user industries, such as automotive and construction.
- Currently, the country's infrastructure sector is under flux. However, the government has introduced a program for infrastructure development to help leverage private sector logistics investment, which is likely to increase the scope for consumption of PU adhesives in the country during the forecast period.
- Brazil retail sector stands to be the largest in the region which accounts for more than 35% of the regional retail sales. The sector is further witnessing noticeable growth in the country with growing demand for food and consumer goods.
- Hence, all such trends are expected to drive the consumption of PU adhesives market in the country during the forecast period.
South America Polyurethane Adhesives Industry Overview
South America polyurethane (PU) adhesives market is fragmented in nature. Some of the keyplayers in the market includes 3M, Arkema Group, Dow, H.B. Fuller, and Henkel AG & Co. KGaA, amongst others.
South America Polyurethane Adhesives Market Leaders
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3M
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Arkema Group
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Dow
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H.B. Fuller
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Henkel AG & Co. KGaA
*Disclaimer: Major Players sorted in no particular order
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South America Polyurethane Adhesives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Report
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growth in Construction Industry
- 4.1.2 Increased Application in Automotive and Aerospace Industry
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4.2 Restraints
- 4.2.1 Stringent Environmental Regulations Regarding VOC Emissions
- 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 Thermoset
- 5.1.2 Thermoplastic
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5.2 Technology
- 5.2.1 Water Borne
- 5.2.2 Solvent-borne
- 5.2.3 Hot Melt
- 5.2.4 Other Technologies
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5.3 End-user Industry
- 5.3.1 Automotive and Aerospace
- 5.3.2 Building and Construction
- 5.3.3 Electrical and Electronics
- 5.3.4 Footwear and Leather
- 5.3.5 Healthcare
- 5.3.6 Packaging
- 5.3.7 Other End-user Industries
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5.4 Geography
- 5.4.1 Brazil
- 5.4.2 Argentina
- 5.4.3 Chile
- 5.4.4 Colombia
- 5.4.5 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 Ashland
- 6.4.4 Avery Dennison Corporation
- 6.4.5 Beardow Adams
- 6.4.6 Dow
- 6.4.7 Dymax Corporation
- 6.4.8 Franklin International
- 6.4.9 H.B. Fuller Company
- 6.4.10 Henkel AG & Co. KGaA
- 6.4.11 Huntsman International LLC
- 6.4.12 ITW Performance Polymers (Illinois Tool Works Inc.)
- 6.4.13 Jowat AG
- 6.4.14 Mapei Inc.
- 6.4.15 Pidilite Industries Ltd.
- 6.4.16 Sika AG
- 6.4.17 Wacker Chemie AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Innovation and Development of Bio-based Adhesives
- 7.2 Shifting Focus Toward Adhesive Bonding for Composite Materials
South America Polyurethane Adhesives Industry Segmentation
South America polyurethane (PU) adhesives market report include:
| Resin Type | Thermoset |
| Thermoplastic | |
| Technology | Water Borne |
| Solvent-borne | |
| Hot Melt | |
| Other Technologies | |
| End-user Industry | Automotive and Aerospace |
| Building and Construction | |
| Electrical and Electronics | |
| Footwear and Leather | |
| Healthcare | |
| Packaging | |
| Other End-user Industries | |
| Geography | Brazil |
| Argentina | |
| Chile | |
| Colombia | |
| Rest of South America |
South America Polyurethane Adhesives Market Research FAQs
What is the current South America Polyurethane (PU) Adhesives Market size?
The South America Polyurethane (PU) Adhesives Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in South America Polyurethane (PU) Adhesives Market?
3M, Arkema Group, Dow, H.B. Fuller and Henkel AG & Co. KGaA are the major companies operating in the South America Polyurethane (PU) Adhesives Market.
What years does this South America Polyurethane (PU) Adhesives Market cover?
The report covers the South America Polyurethane (PU) Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Polyurethane (PU) Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Polyurethane (PU) Adhesives Industry Report
Statistics for the 2024 South America Polyurethane (PU) Adhesives market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. South America Polyurethane (PU) 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.
