Market by Technology, Type, End-user, and Country | Forecast 2021-2028
According to Triton, the adhesives market
in Latin America is expected to proliferate with a CAGR of 5.94% (value) and
4.87% (volume) in the forecast period of 2021-2028.
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The countries reviewed in this market are:
• Brazil
• Mexico
• Rest
of Latin America countries
Brazil’s automotive industry has evolved
rapidly in the last few years. The overall automobile production grew by 5.2% in
2018. On the other hand, the production of cars rose by 5.17% in the same year;
whereas, the commercial vehicles’ production increased by 14.61%. Adhesives are
used in the automotive industry for assembling, bonding, and laminating the
interiors of the automotive. Thus, the growth in the automotive industry is
expected to raise the demand for adhesives in the country. This, in turn, will
aid the Brazilian adhesives market growth in the coming years.
The national government has initiated
several construction projects as a result of the decreased public financing for
infrastructural development programs. The Program of Investment Partnerships
(PPI) is one such program that has helped strengthen and expand the
relationship between the state and the private sector, with partnership
contracts. In 2018, the Brazilian government announced that it would be
investing almost $19 billion, for building more than 650,000 thousand houses in
the nation, as part of its “Minha Casa Minha Vida” housing program. Thus, the
growth in investments by the government, along with the rise in demand for
homes, is expected to contribute to the growing demand for adhesives in Brazil.
This increased demand is anticipated to spur the studied market growth in the
forthcoming years.
BASF SE is one of the world’s
largest chemical companies. It provides a wide range of products, such as
chemicals, functional material & solutions, performance products, agricultural
solutions, and oils & gas. Polyurethane Adhesives, Epoxy Adhesives, and
Acrylic Adhesives are some of the types of adhesives it provides. BASF has a
notable presence in the Latin American region.
1. LATIN
AMERICA ADHESIVES MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY
INSIGHTS
2.1.1. PRODUCTION
BY JOINT VENTURES - KEY GROWTH STRATEGY
2.1.2. SHIFTING
FOCUS TOWARD ADHESIVE BONDING FOR COMPOSITE MATERIALS
2.1.3. RISING
DEMAND FOR BIO-BASED AND HYBRID ADHESIVES
2.2. IMPACT
OF COVID-19 ON ADHESIVES INDUSTRY
2.3. PORTER'S
FIVE FORCES ANALYSIS
2.4. MARKET
ATTRACTIVENESS MATRIX
2.5. INDUSTRY
COMPONENTS
2.6. VENDOR
SCORECARD
2.7. KEY MARKET
STRATEGIES
2.7.1. PARTNERSHIP/CONTRACTS/AGREEMENTS/COLLABORATIONS
2.7.2. BUSINESS
EXPANSIONS
2.7.3. ACQUISITIONS/MERGERS
2.7.4. PRODUCT
LAUNCH
2.8. MARKET
DRIVERS
2.8.1. IMPROVING
CONSTRUCTION INDUSTRY
2.8.2. GROWING
APPLICATIONS IN PACKAGING INDUSTRY
2.9. MARKET
CHALLENGES
2.9.1. STRINGENT
RULES
2.9.2. UNCERTAINTY
IN RAW MATERIAL PRICES
2.10. MARKET OPPORTUNITIES
2.10.1. DEMAND FROM CONSUMER ELECTRONICS INDUSTRY
2.10.2. APPLICATIONS IN AUTOMOTIVE INDUSTRY
3. LATIN
AMERICA ADHESIVES MARKET - BY TECHNOLOGY (IN TERMS OF VALUE: $ MILLION &
IN TERMS OF VOLUME: KILOTON)
3.1. WATER-BASED
3.2. SOLVENT-BASED
3.3. HOT
MELT
3.4. REACTIVE
& OTHERS
4. LATIN
AMERICA ADHESIVES MARKET - BY TYPE (IN TERMS OF VALUE: $ MILLION & IN
TERMS OF VOLUME: KILOTON)
4.1. ACRYLIC
4.2. POLYVINYL
ACETATE (PVA)
4.3. POLYURETHANE
4.4. STYRENIC
BLOCK
4.5. EPOXY
4.6. ETHYLENE
VINYL ACETATE (EVA)
4.7. OTHER
PRODUCT TYPES
5. LATIN
AMERICA ADHESIVES MARKET - BY END-USER (IN TERMS OF VALUE: $ MILLION &
IN TERMS OF VOLUME: KILOTON)
5.1. AUTOMOTIVE
5.2. CONSTRUCTION
5.3. PACKAGING
5.4. FOOTWEAR
5.5. FURNITURE
5.6. PRESSURE
SENSITIVE
5.7. OTHER
END-USERS
6. LATIN
AMERICA ADHESIVES MARKET - REGIONAL OUTLOOK (IN TERMS OF VALUE: $ MILLION
& IN TERMS OF VOLUME: KILOTON)
6.1. BRAZIL
6.2. MEXICO
6.3. REST
OF LATIN AMERICA
7. COMPETITIVE
LANDSCAPE
7.1. 3M
COMPANY
7.2. ARKEMA
SA
7.3. ASHLAND
LATIN AMERICA SPECIALTY CHEMICALS INC
7.4. AVERY
DENNISON CORPORATION
7.5. BASF
SE
7.6. BEARDOW
& ADAMS (ADHESIVES) LIMITED
7.7. DOW CHEMICAL
COMPANY
7.8. EASTMAN
CHEMICAL COMPANY
7.9. HB
FULLER COMPANY
7.10. HENKEL AG & CO KGAA
7.11. HEXCEL CORPORATION
7.12. HUNTSMAN CORPORATION
7.13. MOMENTIVE PERFORMANCE MATERIALS INC (MPM)
7.14. RPM INTERNATIONAL INC
7.15. SIKA AG
7.16. UNISEAL INC
8. METHODOLOGY
& SCOPE
8.1. RESEARCH
SCOPE
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: MARKET ATTRACTIVENESS
MATRIX
TABLE 2: VENDOR SCORECARD
TABLE 3: KEY STRATEGIC
DEVELOPMENTS
TABLE 4: LATIN AMERICA
ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 5: LATIN AMERICA
ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN KILOTON)
TABLE 6: LATIN AMERICA
ADHESIVES MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)
TABLE 7: LATIN AMERICA
ADHESIVES MARKET, BY TECHNOLOGY, 2021-2028 (IN KILOTON)
TABLE 8: LATIN AMERICA
ADHESIVES MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA
ADHESIVES MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 10: LATIN AMERICA
ADHESIVES MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 11: LATIN AMERICA
ADHESIVES MARKET, BY END-USER, 2021-2028 (IN KILOTON)
TABLE 12: LATIN AMERICA
ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 13: LATIN AMERICA
ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN KILOTON)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: LATIN AMERICA
ADHESIVES MARKET, BY TECHNOLOGY, 2020 & 2028
FIGURE 4: LATIN AMERICA
ADHESIVES MARKET, BY WATER-BASED, 2021-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA
ADHESIVES MARKET, BY SOLVENT-BASED, 2021-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA
ADHESIVES MARKET, BY HOT MELT, 2021-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
ADHESIVES MARKET, BY REACTIVE & OTHERS, 2021-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
ADHESIVES MARKET, BY TYPE, 2020 & 2028
FIGURE 9: LATIN AMERICA
ADHESIVES MARKET, BY ACRYLIC, 2021-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA
ADHESIVES MARKET, BY POLYVINYL ACETATE (PVA), 2021-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA
ADHESIVES MARKET, BY POLYURETHANE, 2021-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA
ADHESIVES MARKET, BY STYRENIC BLOCK, 2021-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA
ADHESIVES MARKET, BY EPOXY, 2021-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA
ADHESIVES MARKET, BY ETHYLENE VINYL ACETATE (EVA), 2021-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA
ADHESIVES MARKET, BY OTHER PRODUCT TYPES, 2021-2028 (IN $ MILLION)
FIGURE 16: LATIN AMERICA
ADHESIVES MARKET, BY END-USER, 2020 & 2028
FIGURE 17: LATIN AMERICA
ADHESIVES MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA
ADHESIVES MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)
FIGURE 19: LATIN AMERICA
ADHESIVES MARKET, BY PACKAGING, 2021-2028 (IN $ MILLION)
FIGURE 20: LATIN AMERICA
ADHESIVES MARKET, BY FOOTWEAR, 2021-2028 (IN $ MILLION)
FIGURE 21: LATIN AMERICA
ADHESIVES MARKET, BY FURNITURE, 2021-2028 (IN $ MILLION)
FIGURE 22: LATIN AMERICA
ADHESIVES MARKET, BY PRESSURE SENSITIVE, 2021-2028 (IN $ MILLION)
FIGURE 23: LATIN AMERICA
ADHESIVES MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)
FIGURE 24: LATIN AMERICA
ADHESIVES MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 25: BRAZIL ADHESIVES
MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: MEXICO ADHESIVES
MARKET 2021-2028 (IN $ MILLION)
FIGURE 27: REST OF LATIN
AMERICA ADHESIVES MARKET 2021-2028 (IN $ MILLION)