Latin America Construction Adhesives Market Size & Outlook

The construction adhesives market in Latin America is expected to reach a projected revenue of US$ 616.9 million by 2030. A compound annual growth rate of 6.7% is expected of Latin America construction adhesives market from 2023 to 2030.
Revenue, 2022 (US$M)
$368.2
Forecast, 2030 (US$M)
$616.9
CAGR, 2023 - 2030
6.7%
Report Coverage
Latin America

Latin America construction adhesives market highlights

  • The Latin America construction adhesives market generated a revenue of USD 368.2 million in 2022.
  • The market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
  • In terms of segment, water based 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 2022USD 368.2 million
Market revenue in 2030USD 616.9 million
Growth rate6.7% (CAGR from 2022 to 2030)
Largest segmentWater based
Fastest growing segmentWater Based
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationWater Based, Solvent Based, Reactive & Others
Key market players worldwide3M Co, Sika AG, Dow Inc, Arkema SA, Henkel AG & Co KGaA, Illinois Tool Works Inc, Avery Dennison Corp, RPM International Inc, H.B. Fuller Co, Franklin International


Other key industry trends

  • In terms of revenue, Latin America region accounted for 2.5% of the global construction adhesives market in 2022.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 9,876.2 million by 2030.

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Construction Adhesives Market Scope

Construction adhesives market segmentation & scope
Flexible Packaging
Folding Cartons
Case & Carton
Labeling
Flooring & Plywood
Furniture
Doors & Windows
Housing Components
Medical device & equipment
Internal medical application
External medical application
Passenger Cars
LCV
MCV & HCV
Others

Construction Adhesives Market Companies

Name Profile # Employees HQ Website

Latin America construction 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 construction adhesives market will help companies and investors design strategic landscapes.


Water based was the largest segment with a revenue share of 47.37% in 2022. Horizon Databook has segmented the Latin America construction adhesives market based on water based, solvent based, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.


In the last 15 years, the region had witnessed 3% average annual growth in GDP. Although this is superior as compared to developed economies, the region still lagged behind other developing economies. The average annual growth rate of South Asia region, China, and sub-Saharan region was 5% over the same period.

All these factors affect the long-term sustainability of construction output. These factors have resulted in a significantly low share of the region in construction adhesives market as compared to North America, Europe, and Asia Pacific. Residential construction spending is expected to remain high owing to the burgeoning middle-class population, rising consumer disposable income, and growing awareness regarding sustainable construction materials by investing in home ownership.

The governments in South America are also encouraging real estate market by offering cash incentives for councils to approve new housing developments. Construction adhesives and other building materials are largely used in residential housing projects to build lasting yet inexpensive buildings. These factors are likely to have a positive impact on construction adhesives market in Central & South America.

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Target buyers of Latin America construction adhesives market databook

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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America construction adhesives market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America construction adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America construction adhesives market

Latin America Construction Adhesives Market Outlook Share, 2022 & 2030 (US$M)

Latin America construction adhesives market

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