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Latin America Sealants and Adhesives Market to be Aided by the Global Sealants and Adhesives Market, Forecast to Grow at a CAGR of 3.7% between 2021-2026.

According to a new report by EMR titled, ‘Latin America Sealants and Adhesives Market Report and Forecast 2021-2026’, the Latin America sealants and adhesives market reached a value of USD 1.7 billion in 2020. The Latin America sealants and adhesives market is aided by the global market, which is further expected to attain a value of USD 74.6 billion by 2026, growing at a CAGR of 3.7% in the forecast period of 2021-2026.

The Latin America sealants and adhesives market is majorly driven by the sealants and adhesives market in Brazil, which is the leading market for sealants and adhesives in the region.  Brazil is followed by Colombia and Argentina, where the industry is witnessing further expansions. The Latin America market is being supported by the growth of the automotive sector in the region. The developing electric vehicle industry could serve as a driver for the domestic sealants and adhesive sector growth in the Latin America region.

In June 2020, Henkel AG & Company (OTCMKTS: HENKY) announced that the company is going to expand its business in Brazil. Due to the growing market in Latin America, the company saw the potential to expand its portfolio in the region. Another key player, Saint-Gobain S.A, also believes that Latin America is a potential high growth market for sealants and adhesives with the expected government-funded infrastructural growth in the coming years.

Market Analysis by Type, End-Use, and Region:

  • Adhesives are broadly split into reactive systems, solvent-based, pressure sensitive, water based, and hot melt. 
  • Reactive systems are further categorised into epoxy, polyurethane, and others. 
  • Solvent-based adhesives include vinyl acetate, PVA (Polyvinyl Acetate), and rubber, and others.
  • Pressure sensitive adhesive type is further divided into acryl, and rubber types, and others.
  • Water-based adhesives include acryl emulsion and vinyl acetate.
  • The hot melt category can be divided as EVA (Ethylene Vinyl Acetate) and rubber. 
  • The major types of sealants are silicones, polysulphides, acrylic, butyls, and polyurethanes, among others.
  • The major end uses for adhesives include paper, board and related products, civil engineering, building, footwear and leather, construction, craftsmen, woodworking and joinery, transportation, consumer/DIY, and assembly operations, among others, while the leading end-uses of sealants include construction, consumer/DIY, assembly, and transportation, among others.
  • The major regions included in the Latin America sealants and adhesives market are Brazil, Argentina, Colombia, Mexico, and others.

Key Findings of the Report:

  • The Latin America sealants and adhesives market is being driven by the rising construction projects and automobiles production. 
  • The rapidly increasing middle class population is adding to the increasing demand for sealants and adhesives. 
  • With industrialisation, the infrastructure is also growing, thus, propelling the sealants and adhesives market in Latin America.
  • The Latin America sealants and adhesives market is being supported by the increasing demand for packaged products. 
  • The cosmetics market, which is growing, is a major driving factor for the growth of the packaging industry.

Key Offerings of the Report:

  • The EMR report gives an in-depth insight into the historical (2016-2020) and forecast (2021-2026) markets of sealants and adhesives in Latin America.
  • The report provides a detailed analysis of the market for the periods 2016-2020 and 2021-2026 according to its types, end-use, and regions.
  • It also offers a detailed insight into the regional historical (2016-2020) and forecast (2021-2026) price trends of sealants and adhesives.
  • It provides a thorough analysis of the trade data, according to the major exporting and importing countries by their value and volume.

The major key players in the Latin America sealants and adhesives market are Henkel AG & Company, KGaA, Arkema Inc., H.B. Fuller Company, Sika AG, Saint-Gobain S.A, Cabot Corporation, Poliplás Selantes e Adesivo Ltda, Evonik Chemicals Limited, and Wacker Chemie AG, among others. The report provides a detailed insight into the latest developments of the competitive landscape of the Latin America sealants and adhesives market like market share, plant turnarounds, expansions of capacity, and mergers and acquisitions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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