Latin America Construction Adhesives Market Size & Outlook
Latin America construction adhesives market, 2018-2030 (US$M)
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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 2022 | USD 368.2 million |
| Market revenue in 2030 | USD 616.9 million |
| Growth rate | 6.7% (CAGR from 2022 to 2030) |
| Largest segment | Water based |
| 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, Reactive & Others |
| Key market players worldwide | 3M 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 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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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 Outlook Share, 2022 & 2030 (US$M)
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