Latin America Adhesives and Sealants Market Introduction and Overview
According to SPER Market Research, the Latin America Adhesives and Sealants Market is estimated to reach USD 11.46 billion by 2033 with a CAGR 5.96%.
The report includes an in-depth analysis of the Latin America Adhesives and Sealants Market, including market size and trends, product mix, distribution channels, and supplier analysis. Essential materials for bonding and sealing applications, adhesives and sealants are utilized extensively in many industries. Whereas sealants are made to fill spaces and stop liquids or gasses from passing through, adhesives combine two surfaces by creating a strong connection. Construction, automotive, aerospace, and industrial sectors all heavily rely on these adaptable materials. As they can be applied in a variety of ways, adhesives are available in liquid, paste, and tape forms. In contrast, sealants provide strong and long-lasting seals by offering durability against environmental influences.
- 3M introduced a new line of medical adhesives in February 2023 that has an extended wear period of up to 28 days. This novel medical adhesive is meant to work with a wide variety of health monitors, sensors, and long-term medical wearables. It can stay on the skin for up to 28 days. Extended medical adhesives may only be worn for 14 days on average before to 2022. In an effort to promote a more patient-focused approach to healthcare, 3M has now expanded that standard, essentially doubling it.
- In June 2019, Loctite Liofol LA 2798, an adhesive solution designed for high-performance packaging applications, was introduced by Henkel AG and Company KGaA, broadening its offering. For procedures like hot filling and sterilizing, the base component of Loctite Liofol LA 2798 can be used with various hardeners.
Market Opportunities and Challenges
Opportunities: The construction and automotive industries are the primary factors of the significant growth that the Latin American market is undergoing. Positive trends in the region's economic recovery have led to customers having more spending power, which has aided in the market's growth in Latin America. Furthermore, the adhesives and sealants industry in Latin America is experiencing growth due to advancements in polyurethane sealants. By using polyurethane sealants in commercial manufacturing, transportation, and construction, manufacturers are expanding their sources of income. They are investing more in research to create sophisticated formulations that are essential in enhancing the rheology of polyurethane sealants, and they are working harder to reduce the isocyanate content in order to provide easier application. The goal of manufacturers is to increase the product safety and slump resistance of polyurethane sealants so that they can be widely used in commercial production and modular construction.
Challenges: Over the projected period, market growth is anticipated to be hampered by rising raw material prices and growing environmental concerns about adhesives and sealants based on petrochemicals, despite the product's expanding demand. Adhesives and sealants release huge quantities of chemical fumes, which are toxic and dangerous for breathing. In addition, manufacturing corporations are becoming increasingly concerned about the environment and health due to growing customer awareness. The vice president of Emerald Performance Materials stated, "The industry is facing significant challenges as a result of the regulatory landscape." Environmental protection organizations, like the US EPA, are enacting new regulations and putting additional challenges in the way of producers.
Market Competitive Landscape
The Adhesives and Sealants market in Latin America is moderately consolidated. Some of the market key players are 3M, Ashland, Avery Dennison Corporation, BASF SE, Beardow Adams, Bostik, Dow, Eastman Chemical Company, H.B. Fuller Company, Henkel AG & Co. KGaA, Momentive, ND Industries, Inc., Sika AG, and Others.
Scope of the Report:
| Report Metric | Details |
Market size available for
years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Adhesive Type, By Sealant Type, By Technology, By Application
|
| Regions covered | Brazil, Mexico, Argentina, Columbia, Rest of Latin America
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| Companies Covered | 3M, Ashland, Avery Dennison Corporation, BASF SE, Beardow Adams, Bostik, Dow, Eastman Chemical Company, H.B. Fuller Company, Henkel AG & Co. KGaA, Momentive, ND Industries, Inc., Sika AG, and Others.
|
COVID-19 Impact on Latin America Adhesives and Sealants Market
The market for adhesives and sealants in Latin America was severely disrupted by the COVID-19 outbreak. There was a slowdown in the demand for adhesives and sealants across many industries, including automotive, construction, packaging, and others, as a result of the region's numerous lockdowns and restrictions disrupting industrial activities and construction projects. During the pandemic, reduced consumer spending and investment, together with supply chain uncertainties, further hindered market growth. Production schedules and distribution routes were impacted as businesses in the area had to adopt strict health regulations and adjust to distant working circumstances. But the market held up well in areas like healthcare and critical services, where adhesives and sealants were needed for packaging and other medical uses.
Key Target Audience:
- Manufacturers
- Suppliers and Distributors
- End-users (Industries such as Automotive, Construction, Packaging, Healthcare, etc.)
- Research and Development (R&D) Institutes
- Regulatory Authorities
- Investors and Financial Institutions
Our in-depth analysis of the Latin America Adhesives and Sealants Market includes the following segments:
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By Adhesive Type:
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Acrylic
PVA
Polyurethanes
Styrenic Block Copolymers
Epoxy
EVA
Others
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By Sealant Type:
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Acrylic
Silicone
Polyurethane
Butyl
Others
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By Technology:
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Water-Based
Solvent-Based
Hot Melt
Reactive
Others
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By Application:
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Paperboard and Packaging
Building and Construction
Transportation
Leather and Footwear
Furniture
Others
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Key Topics Covered in the Report:
- Latin America Adhesives and Sealants Market Size (FY’2024-FY’2033)
- Overview of Latin America Adhesives and Sealants Market
- Segmentation of Latin America Adhesives and Sealants Market By Adhesive Type (Acrylic, PVA, Polyurethanes, Styrenic Block Copolymers, Epoxy, EVA, Others)
- Segmentation of Latin America Adhesives and Sealants Market By Sealant Type (Acrylic, Silicone, Polyurethane, Butyl, Others)
- Segmentation of Latin America Adhesives and Sealants Market By Technology (Water-Based, Solvent-Based, Hot Melt, Reactive, Others)
- Segmentation of Latin America Adhesives and Sealants Market By Application (Paperboard and Packaging, Building and Construction, Transportation, Leather and Footwear, Furniture, Others)
- Expansion Analysis of Latin America Adhesives and Sealants Market
- Problems and Obstacles in Latin America Adhesives and Sealants Market
- Competitive Landscape in the Latin America Adhesives and Sealants Market
- Impact of COVID-19 and Demonetization on Latin America Adhesives and Sealants Market
- Details on Current Investment in Latin America Adhesives and Sealants Market
- Competitive Analysis of Latin America Adhesives and Sealants Market
- Prominent Players in the Latin America Adhesives and Sealants Market
- SWOT Analysis of Latin America Adhesives and Sealants Market
- Latin America Adhesives and Sealants Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Latin America Adhesives and Sealants Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Latin America Adhesives and Sealants Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Latin America Adhesives and Sealants Market
7. Latin America Adhesives and Sealants Market, By Adhesive Type (USD Million) 2020-2033
7.1. Latin America Adhesives and Sealants Market Size, Share and Forecast, By Adhesive Type, 2020-2026
7.2. Latin America Adhesives and Sealants Market Size, Share and Forecast, By Adhesive Type, 2027-2033
7.3. Acrylic
7.4. PVA
7.5. Polyurethanes
7.6. Styrenic Block Copolymers
7.7. Epoxy
7.8. EVA
7.9. Others
8. Latin America Adhesives and Sealants Market, By Sealant Type (USD Million) 2020-2033
8.1. Latin America Adhesives and Sealants Market Size, Share and Forecast, By Sealant Type, 2020-2026
8.2. Latin America Adhesives and Sealants Market Size, Share and Forecast, By Sealant Type, 2027-2033
8.3. Acrylic
8.4. Silicone
8.5. Polyurethane
8.6. Butyl
8.7. Others
9. Latin America Adhesives and Sealants Market, By Technology (USD Million) 2020-2033
9.1. Latin America Adhesives and Sealants Market Size, Share and Forecast, By Technology, 2020-2026
9.2. Latin America Adhesives and Sealants Market Size, Share and Forecast, By Technology, 2027-2033
9.3. Water-Based
9.4. Solvent-Based
9.5. Hot Melt
9.6. Reactive
9.7. Others
10. Latin America Adhesives and Sealants Market, By Application (USD Million) 2020-2033
10.1. Latin America Adhesives and Sealants Market Size, Share and Forecast, By Application, 2020-2026
10.2. Latin America Adhesives and Sealants Market Size, Share and Forecast, By Application, 2027-2033
10.3. Paperboard and Packaging
10.4. Building and Construction
10.5. Transportation
10.6. Leather and Footwear
10.7. Furniture
10.8. Others
11. Latin America Adhesives and Sealants Market Forecast, 2020-2033 (USD Million)
11.1. Latin America Adhesives and Sealants Market Size and Market Share
12. Latin America Adhesives and Sealants Market, By Region, 2020-2033 (USD Million)
12.1. Latin America Adhesives and Sealants Market Size and Market Share By Region (2020-2026)
12.2. Latin America Adhesives and Sealants Market Size and Market Share By Region (2027-2033)
12.3. Brazil
12.4. Mexico
12.5. Argentina
12.6. Columbia
12.7. Rest of Latin America
13. Company Profile
13.1. 3M
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Ashland
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Avery Dennison Corporation
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. BASF SE
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Beardow Adams
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Bostik
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Dow
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Eastman Chemical Company
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. H.B. Fuller Company
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Henkel AG & Co. KGaA
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Momentive
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. ND Industries, Inc.
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. Sika AG
13.13.1. Company details
13.13.2. Financial outlook
13.13.3. Product summary
13.13.4. Recent developments
13.14. Others
14. Conclusion
15. Reference Links
16. List of Abbreviations