Latin America Adhesives and Sealants Market Growth, Size, Trends, Revenue and Future Outlook

Latin America Adhesives and Sealants Market Size- By Adhesive Type, By Sealant Type, By Technology, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Latin America Adhesives and Sealants Market Size- By Adhesive Type, By Sealant Type, By Technology, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Jun 2024 Report ID: CHEM2467 Pages: 1 - 156 Formats*:     
Category : Chemical & Materials
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.
Latin America Adhesives and Sealants Market
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.
Latin America Adhesives and Sealants Market


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 considered2023
Forecast period2024-2033
Segments coveredBy Adhesive Type, By Sealant Type, By Technology, By Application
Regions covered
Brazil, Mexico, Argentina, Columbia, Rest of Latin America
Companies Covered3M, 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:
By Adhesive Type:
  • Acrylic
  • PVA
  • Polyurethanes
  • Styrenic Block Copolymers
  • Epoxy
  • EVA
  • Others
  • By Sealant Type:
  • Acrylic
  • Silicone
  • Polyurethane
  • Butyl
  • Others
  • By Technology:
  • Water-Based
  • Solvent-Based
  • Hot Melt
  • Reactive
  • Others
  • By Application:
  • Paperboard and Packaging
  • Building and Construction
  • Transportation
  • Leather and Footwear
  • Furniture
  • Others
  • 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

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Latin America Adhesives and Sealants Market is projected to reach USD 11.46 billion by 2033, growing at a CAGR of 5.96% during the forecast period.
    Latin America Adhesives and Sealants Market grew in market size from 2023. The Market is expected to reach USD 11.46 billion by 2033, at a CAGR of 5.96% during the forecast period.
    Latin America Adhesives and Sealants Market CAGR of 5.96% during the forecast period.
    Latin America Adhesives and Sealants Market size is USD 11.46 billion from 2024 to 2033.
    Latin America Adhesives and Sealants Market segment is Covered By Adhesive Type, By Sealant Type, By Technology, By Application.
    The Latin America region is anticipated to have the highest market share in the Latin America Adhesives and Sealants Market.
    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.
    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.
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