Latin America Adhesives And Sealants Market To Reach $9.41 Billion By 2030

Latin America Adhesives And Sealants Market Growth & Trends

The Latin America adhesives and sealants market size is expected to reach USD 9.41 billion by 2030, registering a CAGR of 5.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growth of major end use industries such as automotive and construction, mainly in Brazil and Argentina is expected to boost the demand for adhesives and sealants over the forecast period. In addition, increasing market penetration of adhesives in medical industry is also expected to drive have positive impact on demand over the next six years. However, volatility in raw material prices coupled with growing environmental concerns is expected to be a key challenge for market participants.

Water-based adhesives emerged as the leading technology used in Latin America and accounted for 48.3% of total market volume in 2013. Regional market for solvent-based adhesives technology is expected to reach USD 225.4 million by 2020, growing at an estimated CAGR of 4% from 2014 to 2020.

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Latin America Adhesives And Sealants Market Report Highlights

• Acrylic dominated the market with a revenue share of 30.71% in 2022. Latin America has been experiencing growth in various industries, including automotive, construction, electronics, and packaging.

• Water based adhesives dominated the market with a revenue share of 35.0% in 2022. These adhesives are used extensively in key end-use industries and as these industries expand, the demand for reliable and high-performance adhesives tends to increase.

• Paper & packaging dominated the market with a revenue share of around 29.62% in 2022. Adhesives are crucial in the construction of paperboard cartons and boxes.

• Brazil dominated the Latin America adhesives market with a revenue share of 38.65% in 2022. As Brazil's industrial sector grows, so does the demand for adhesives.

Latin America Adhesives And Sealants Market Segmentation

Grand View Research has segmented the Latin America adhesives and sealants market on the basis of on product, technology, application, and region:

Latin America Adhesives And Sealants Product Outlook (Revenue in USD Billion, Volume in Kilotons, 2018 - 2030)

• Adhesives

  • Acrylic

  • PVA

  • Polyurethanes

  • Styrenic Block

  • Epoxy

  • EVA

  • Others

• Sealants

  • Silicones

  • Polyurethanes

  • Acrylic

  • PVA

  • Others

Latin America Adhesives And Sealants Technology Outlook (Revenue in USD Billion, Volume in Kilotons, 2018 - 2030)

• Water-based

• Solvent-based

• Hot Melt

• Reactive & Others

Latin America Adhesives And Sealants Application Outlook (Revenue in USD Billion, Volume in Kilotons, 2018 - 2030)

• Adhesives

  • Paper & Packaging

  • Consumer & DIY

  • Building & Construction

  • Furniture & Woodworking

  • Footwear & Leather

  • Automotive & Transportation

  • Medical

  • Other

• Sealants

  • Construction

  • Automotive

  • Packaging

  • Assembly

  • Consumers

  • Other

Latin America Adhesives And Sealants Regional Outlook (Revenue in USD Billion, Volume in Kilotons, 2018 - 2030)

• Latin America

  • Brazil

  • Mexico

  • Argentina

  • Rest of Latin America

List of Key Players in the Latin America Adhesives And Sealants Market

• 3M

• Ashland

• Avery Dennison Corporation

• BASF SE

• Beardow Adams

• Bostik

• Dow

• Eastman Chemical Company

• H.B. Fuller Company

• Henkel AG & Co. KGaA

• Momentive

• ND Industries, Inc.

• Sika AG

• Uniseal, Inc.