Market Trends of South America Waterborne Adhesives Industry
This section covers the major market trends shaping the South America Waterborne Adhesives Market according to our research experts:
Building & Construction Industry to Dominate the Market
- In the construction sector, adhesives are used in concrete, ceramic tiles, carpet laying, flooring , drywall lamination, joint cement, manufactured housing, pre-finished panels, resilient flooring, roofing, and wall covering.
- Various types of adhesives are used depending on the purposes they serve. The growth in green building construction, coupled with the rising concern about the quality of construction, is accelerating the demand for water-borne adhesives.
- Water-borne adhesives are produced from either soluble synthetic polymers or natural polymers. Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. Water-borne adhesives are increasingly becoming an integral part of construction chemicals, owing to their eco-friendly and low-toxic nature, high solid content, and high initial adhesion properties.
- The construction industry of South America has witnessed a significant growth in the past few years which is driving the demand for water borne adhesives in South America.
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Brazil to Dominate the Market
- Brazil accounts for the highest share of the South America water borne adhesive market currently owing to the high demand from the construction industry.
- The Brazilian government has initiated several programs to boost the investment in the building & construction industry in the country.
- The government has also introduced programs for boosting the public private partnerships in construction industry project investments and in the construction projects of the country.
- Hence, owing to the above-mentioned reasons, Brazil is likely to dominate the South America waterborne adhesives market during the forecast period.
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