Latin America Automotive Adhesives Market Size & Outlook
Latin America automotive adhesives market, 2018-2030 (US$M)
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Latin America automotive adhesives market highlights
- The Latin America automotive adhesives market generated a revenue of USD 310.7 million in 2022.
- The market is expected to grow at a CAGR of 9.3% from 2023 to 2030.
- In terms of segment, reactive & others was the largest revenue generating technology in 2022.
- Water Based is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 310.7 million |
| Market revenue in 2030 | USD 632.5 million |
| Growth rate | 9.3% (CAGR from 2022 to 2030) |
| Largest segment | Reactive & others |
| Fastest growing segment | Water Based |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 4.0% of the global automotive adhesives market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 423.5 million by 2030.
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Automotive Adhesives Market Scope
Automotive Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 69.13% in 2022. Horizon Databook has segmented the Latin America 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.
Automobile manufacturers in Central & South America are preferring plastic components as they are energy-efficient and help reduce the overall weight of the vehicle. Automotive plastics provide weather resistance, design flexibility, resilience, toughness, durability, corrosion resistance, and high performance at low cost.
Automotive sector was the third-largest consumer of plastics in Central & South America in 2018. Thus, adhesives are increasingly used to bond plastic to metal substrates. Moreover, growing electric vehicle production owing to supportive government policies in the region is expected to drive the 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 continent-level data and insights on the Latin America automotive adhesives market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America automotive adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America Automotive Adhesives Market Outlook Share, 2022 & 2030 (US$M)
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