Market Size of South America Pressure Sensitive Adhesives (PSA) Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.00 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
South America Pressure Sensitive Adhesives Market Analysis
The South America pressure sensitive adhesives (PSA) market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the growing demand from the construction sector. However, stringent environmental regulations regarding VOC emissions is hindering the growth of the market studied.
- Growing aerospace industry in the region is expected to provide a major growth opportunity for the market studied.
- Brazil accounted for the highest share of the market studied and is likely to continue dominating the market during the forecast period.
- Among the technology types, water-borne pressure sensitive adhesives are expected to witness the highest growth rate during the forecast period.
South America Pressure Sensitive Adhesives Industry Segmentation
The South America Pressure Sensitive Adhesives (PSA) market report includes:
Resin | |
Acrylics | |
Silicones | |
Elastomers | |
Other Resins |
Technology | |
Water-based | |
Solvent-based | |
Hot Melt | |
Radiation |
Application | |
Tapes | |
Labels | |
Graphics | |
Other Applications |
End-user Industry | |
Packaging | |
Woodworking and Joinery | |
Medical | |
Commercial Graphics | |
Transportation | |
Electronics | |
Other End-user Industries |
Geography | |
Brazil | |
Argentina | |
Colombia | |
Chile | |
Rest of South America |
South America Pressure Sensitive Adhesives (PSA) Market Size Summary
The South America pressure sensitive adhesives (PSA) market is poised for significant growth, driven primarily by increasing demand from the construction sector. Despite challenges posed by stringent environmental regulations concerning VOC emissions, the market is expected to benefit from the burgeoning aerospace industry in the region, which presents substantial growth opportunities. Brazil stands out as the dominant player in this market, with its economic recovery and political stability fostering growth in various industrial sectors. The packaging and furniture industries, along with the automotive sector, are experiencing notable expansion, which is anticipated to further propel the demand for adhesives and sealants. Additionally, the country's focus on research and development in PSAs is expected to contribute to market growth.
Among the different technology types, water-borne pressure sensitive adhesives are projected to experience the highest growth rate. These adhesives, primarily composed of acrylic compounds, offer superior chemical and heat resistance, making them ideal for applications in tapes and labels. The food and beverage, as well as the electrical and electronics industries, are expected to drive the consumption of water-based adhesives. The South America PSA market is moderately consolidated, with key players such as 3M, Arkema Group, Sika AG, Henkel AG & KGaA, and Jowat SE holding significant market shares. These companies are likely to continue influencing market dynamics through their strategic initiatives and product offerings.
South America Pressure Sensitive Adhesives (PSA) 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 Increasing Demand from Construction Industry
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Stringent Environmental Regulations Regarding VOC Emissions
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1.2.2 Other 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 Resin
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2.1.1 Acrylics
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2.1.2 Silicones
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2.1.3 Elastomers
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2.1.4 Other Resins
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2.2 Technology
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2.2.1 Water-based
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2.2.2 Solvent-based
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2.2.3 Hot Melt
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2.2.4 Radiation
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2.3 Application
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2.3.1 Tapes
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2.3.2 Labels
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2.3.3 Graphics
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2.3.4 Other Applications
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2.4 End-user Industry
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2.4.1 Packaging
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2.4.2 Woodworking and Joinery
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2.4.3 Medical
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2.4.4 Commercial Graphics
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2.4.5 Transportation
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2.4.6 Electronics
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2.4.7 Other End-user Industries
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2.5 Geography
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2.5.1 Brazil
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2.5.2 Argentina
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2.5.3 Colombia
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2.5.4 Chile
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2.5.5 Rest of South America
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South America Pressure Sensitive Adhesives (PSA) Market Size FAQs
What is the current South America Pressure Sensitive Adhesives (PSA) Market size?
The South America Pressure Sensitive Adhesives (PSA) Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in South America Pressure Sensitive Adhesives (PSA) Market?
3M, Jowat SE , Sika AG , Arkema Group and Henkel AG & Co. KGaA are the major companies operating in the South America Pressure Sensitive Adhesives (PSA) Market.