Latin America Composite Adhesive Market Size & Outlook
Latin America composite adhesive market, 2018-2030 (US$M)
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Latin America composite adhesive market highlights
- The Latin America composite adhesive market generated a revenue of USD 169.8 million in 2023.
- The market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, epoxy was the largest revenue generating product in 2023.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 169.8 million |
| Market revenue in 2030 | USD 227.3 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Epoxy |
| Fastest growing segment | Acrylic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic, Epoxy, Polyurethane, Cyanoacrylate, Other Products |
| Key market players worldwide | 3M Co, Arkema SA, Dow Inc, Henkel AG & Co KGaA, H.B. Fuller Co, Huntsman Corp, Illinois Tool Works Inc, Parker Hannifin Corp, Sika AG |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.7% of the global composite adhesive market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 1,135.8 million by 2030.
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Composite Adhesive Market Scope
Composite Adhesive Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America composite adhesive 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 composite adhesive market will help companies and investors design strategic landscapes.
Epoxy was the largest segment with a revenue share of 36.98% in 2023. Horizon Databook has segmented the Latin America composite adhesive market based on acrylic, epoxy, polyurethane, cyanoacrylate, other products covering the revenue growth of each sub-segment from 2018 to 2030.
In Central & South America FDI in EVs and their component manufacturing is likely to benefit from the growth of the composite adhesives market over the forecast period. For instance, investments by the Chinese and Japanese automotive players such as BYD Auto Industry Co., Ltd. and Toyota, respectively, to set up manufacturing facilities in the region are expected to boost automotive production, thereby propelling the need for composite adhesives.
Moreover, the increasing solar installations and upcoming construction projects are further anticipated to fuel market growth in the region. Brazil, Argentina, Chile, Peru, and Uruguay are the prominent countries in the region that are leading solar power generation, which is attributed to the favorable climatic conditions such as high irradiation.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America composite adhesive market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America composite adhesive market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America composite adhesive market outlook size, by country, 2018-2030 (US$M)
Latin America Composite Adhesive Market Outlook Share, 2023 & 2030 (US$M)
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