Market Size of South America Polyurethane (PU) Hot-melt Adhesives Industry
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 |
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South America Polyurethane (PU) Hot-melt Adhesives Market Analysis
The South America polyurethane hot-melt adhesives market is estimated to witness a significant growth, at an estimated CAGR of over 6%, over the forecast period. Increasing usage of PUR holt-melt adhesives as a substitute for solvent-borne adhesives is expected to drive the market during the forecast period.
- Adoption of bio-based hot-melt adhesives are projected to create opportunities to the market growth in the coming years.
- Brazilis expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
South America Polyurethane (PU) Hot-melt Adhesives Industry Segmentation
The South America polyurethane (PU) hot-melt adhesives market report includes:
Type | |
Non-reactive | |
Reactive |
Application | |
Paper, Board, and Packaging | |
Healthcare | |
Automotive | |
Furniture (Woodworking) | |
Footwear | |
Textiles | |
Electrical and Electronics | |
Bookbinding | |
Other Applications |
Geography | |
Brazil | |
Argentina | |
Colombia | |
Chile | |
Rest of South America |
South America Polyurethane (PU) Hot-melt Adhesives Market Size Summary
The South America polyurethane (PU) hot-melt adhesives market is poised for substantial growth, driven by the increasing preference for these adhesives as alternatives to solvent-borne options. This shift is largely attributed to the advantages offered by PU hot-melt adhesives, such as their quick cooling and chemical crosslinking properties, which ensure high temperature and climate resistance. These adhesives are gaining traction in various applications, particularly in the automotive sector, where they are used for bonding interior panels, car seats, and other components. The market is also witnessing a trend towards the adoption of bio-based hot-melt adhesives, which is expected to open new avenues for growth. Brazil is anticipated to lead the market, benefiting from its robust automotive and aviation industries, as well as its vibrant footwear sector, which is influenced by global brands and changing consumer preferences.
The demand for polyurethane hot-melt adhesives is further bolstered by their versatility in bonding different materials such as plastics, metals, and textiles, making them suitable for a wide range of applications beyond automotive and footwear. The market is characterized by the presence of key players like 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, and Sika AG, who are instrumental in driving innovation and expanding their product offerings. The economic application of these adhesives, coupled with the avoidance of complex drying processes, enhances their appeal in various industrial sectors. As a result, the South America PU hot-melt adhesives market is expected to experience significant expansion over the forecast period, supported by ongoing investments and technological advancements in the region.
South America Polyurethane (PU) Hot-melt Adhesives 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 Usage of PUR holt-melt adhesives as a Substitute for Solvent-borne Adhesives
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Impact of COVID-19 Pandemic on Global Economy
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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 Type
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2.1.1 Non-reactive
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2.1.2 Reactive
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2.2 Application
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2.2.1 Paper, Board, and Packaging
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2.2.2 Healthcare
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2.2.3 Automotive
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2.2.4 Furniture (Woodworking)
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2.2.5 Footwear
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2.2.6 Textiles
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2.2.7 Electrical and Electronics
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2.2.8 Bookbinding
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2.2.9 Other Applications
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2.3 Geography
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2.3.1 Brazil
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2.3.2 Argentina
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2.3.3 Colombia
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2.3.4 Chile
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2.3.5 Rest of South America
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South America Polyurethane (PU) Hot-melt Adhesives Market Size FAQs
What is the current South America Polyurethane (PU) Hot-melt Adhesives Market size?
The South America Polyurethane (PU) Hot-melt 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 Polyurethane (PU) Hot-melt Adhesives Market?
3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the South America Polyurethane (PU) Hot-melt Adhesives Market.