Brazil Automotive Adhesives Market Size & Outlook
Brazil automotive adhesives market, 2018-2030 (US$M)
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Brazil automotive adhesives market highlights
- The Brazil automotive adhesives market generated a revenue of USD 254.6 million in 2022 and is expected to reach USD 347.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4% from 2023 to 2030.
- In terms of segment, reactive & others was the largest revenue generating technology in 2022.
- Hot Melt is the most lucrative technology segment registering the fastest growth during the forecast period.
Automotive adhesives market data book summary
| Market revenue in 2022 | USD 254.6 million |
| Market revenue in 2030 | USD 347.2 million |
| Growth rate | 4% (CAGR from 2022 to 2030) |
| Largest segment | Reactive & others |
| Fastest growing segment | Hot Melt |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water Based, Solvent Based, Hot Melt, Reactive & Others |
| Key market players worldwide | Henkel AG & Co KGaA, H.B. Fuller Co, Sika AG, Dow Inc, Arkema SA, 3M Co |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.3% of the global automotive adhesives market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil automotive adhesives market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 110.9 million by 2030.
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Automotive Adhesives Market Scope
Automotive Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil automotive adhesives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive adhesives market will help companies and investors design strategic landscapes.
Reactive & others was the largest segment with a revenue share of 68.93% in 2022. Horizon Databook has segmented the Brazil automotive adhesives market based on water based, solvent based, hot melt, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.
In order to improve the competitiveness of Brazil’s automotive industry, the government has approved a new automotive policy called “Inovar-Auto program” in October 2012, which was implemented from 2013 to 2017.
The program encouraged automakers and their suppliers to produce technologically advanced and more efficient vehicles by investing in engineering and R&D activities. This boosted the utilization of automotive plastics and aluminum, thus, driving the demand for automotive adhesives.
Further, the emission standards set by Brazil's National Council for the Environment (CONAMA) are expected to fuel the growth of automotive adhesives market over the forecast period.
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Our clientele includes a mix of automotive adhesives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil automotive adhesives market , including forecasts for subscribers. This country databook contains high-level insights into Brazil automotive adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil automotive adhesives market size, by technology, 2018-2030 (US$M)
Brazil Automotive Adhesives Market Outlook Share, 2022 & 2030 (US$M)
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