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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.
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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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