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Latin America Sealants and Adhesives Market: By Country: Brazil, Argentina, Colombia, Mexico, Others; By Product Type: Reactive Systems (Epoxy, Polyurethane, Others), Solvent Based (Vinyl Acetate, PVA (Polyvinyl Acetate), Rubber, Others), Pressure Sensitive (Acryl, Rubber, Others), Water Based (Acryl Emulsion, Vinyl Acetate, Others), Hot Melt (EVA (Ethylene Vinyl Acetate), Rubber, Others); Latin America Sealants and Adhesives Market Analysis; Latin America Adhesives Market Analysis; Latin America Sealants Market Analysis; SWOT Analysis; Porter’s Five Forces Analysis; Latin America Sealants & Adhesives Price Analysis; Competitive Landscape & Supplier Analysis; Manufacturing Process; Cost Analysis; Value Chain Analysis

LATAM Sealants and Adhesives Market Key Insights:

  • LATAM Sealants and Adhesives Market Performance
  • LATAM Sealants and Adhesives Market Analysis and Outlook 2019-2024
  • Price Trends
  • Trade Analysis
  • Breakup by Region
  • Cost Analysis
  • Competitive Landscape
  • Value Chain Analysis
  • Mergers and Acquisitions

 

Market Outlook

The LATAM sealants and adhesives market is expected to attain almost USD 1.7 billion in 2018. The LATAM sealants and adhesives market is expected to be aided by the steady growth of the global market. The global sealants and adhesives industry is expected to witness a steady increase in the forecast period of 2019-2024, growing at a CAGR of 3.7%. By 2024, it is projected to reach USD 72 billion.

Globally, packaging, construction, and automotive industries are some of the major end-use sectors for both sealants and adhesives. The rising global population and various government-funded infrastructure projects to meet the needs of the growing urban population are propelling the industry forward. The global construction output is projected to witness a growth of almost 85% from the current production in 2030. By 2030, it is expected to be worth USD 15.5 trillion. This robust rise in the construction industry will aid the growth of the sealants and adhesives industry in the forecast period. The packaging industry, meanwhile, is also witnessing a healthy growth globally due to the rise of e-marketing portals and the increasing consumption of packaged foods. The global adhesives and sealants industries are also finding impetus in the rising demand for lightweight vehicle amidst increasing environmental concerns. The rising preference for lightweight vehicles is especially driving segments like silicone sealants and water-based adhesives as they contribute to lower vehicle weight and the reduction of greenhouse gases production.

Brazil dominates the LATAM sealants and adhesives market. It accounts for over half the regional industry. The country is followed by Colombia and Argentina who also account for significant shares in the regional industry. The industry in LATAM is being aided by the healthy growth of its automobile industry. Brazil is a leading car market in LATAM, accounting for nearly half the vehicle sales in the region. In 2017, the vehicle registrations in the country witnessed an increase of 9.2% as compared to the previous year, with nearly 2.17 million new vehicles being registered in the year. Its emerging electric vehicles industry might act as a catalyst for the sealants and adhesives industry in the country in the coming five years.

Properties and Applications

Sealants protect structures from environmental damage by preventing water, dirt, and dust from entering by sealing the gaps between joints and the substrates. They usually have a paste-like consistency and have superior elongation properties. Sealants are usually made of silicones, acrylic, butyls, polysulphides, and polyurethanes, among others. They find their applications in the following sectors:

  • Construction
  • Consumer and DIY
  • Transportation
  • Assembly 
  • Others

Adhesives are usually available in liquid forms, which solidify upon application and are used to join two surfaces together. They have superior strength, rigidity, and durability as compared to sealants. They can be broadly be divided into:

  • Reactive System
  • Solvent Based
  • Pressure Sensitive
  • Water Based
  • Hot Melts
  • Others

Reactive systems can be further divided into epoxy and polyurethane, among others while solvent-based can be subdivided into vinyl acetate, PVA, and rubber, among others. Acryl and vinyl emulsions, among others, are the types of water-based adhesives considered in the report. EVA (Ethylene Vinyl Acetate) and rubber, on the other hand, are the major types of hot melts while acryl and rubber, among others, are the types of pressure-sensitive adhesives. Adhesives find their major applications in:

  • Paper, Board and Related Products
  • Building, Construction, Civil Engineering, and Craftsmen
  • Woodworking and Joinery
  • Transportation
  • Footwear and Leather
  • Consumer/DIY
  • Assembly Operations
  • Others

The major regional markets in the LATAM region are Brazil, Colombia, Mexico, and Argentina.

Market Analysis

The LATAM sealants and adhesives market is being driven by the growing end-use sectors like the automobile and construction industry. The rising middle-class population and rapid urbanisation are further aiding the industry by driving the growth of end-use sectors of sealants and adhesives. The construction industry, especially, is finding impetus in the rising urban population and is being supported by governments who are increasing their spending on infrastructural growth. The expansion of urban housing is also propelling the furniture industry forward, which is also a major end-use sector for sealants and adhesives.

The LATAM sealants and adhesives market is being aided by the rising packaging industry in the region. The emerging middle class has led to increasing investment by consumer goods companies in the region, which is furthering the packaging industry in the country. The cosmetics industry, especially, is a major driving factor for the growth of the packaging industry. The LATAM region accounted for 11% of the global cosmetics industry in 2017. Brazil, the leading sealants and adhesives market in LATAM, is also a major cosmetics market in the region. The industry accounts for almost 1.8% of Brazil’s GDP. The region is also witnessing an increased consumption of packaged and frozen foods, further aiding the packaging as well as sealants and adhesives industry.

Competitive Landscape

The report gives a detailed analysis of the key players in the LATAM sealants and adhesives market, covering their capacity, market share, and latest developments like mergers, acquisitions, and investments, expansions in capacity, and plant turnarounds:

  • Henkel AG & Company, KGaA
  • H.B. Fuller Company
  • Arkema Inc.
  • Sika AG 
  • Wacker Chemie AG
  • Evonik Chemicals Limited
  • Poliplás Selantes e Adesivo Ltda
  • Cabot Corporation
  • Saint-Gobain S.A
  • Others

The comprehensive report by EMR gives an in-depth look into the manufacturing processes and the costs involved. It provides an overview of the other regional markets like North America, Asia Pacific, Europe, and the Middle East and Africa. The report also assesses the LATAM sealants and adhesives market based on the Porter’s Five Forces model as well as providing a SWOT analysis.

1    Preface
2    Research Methodology
3    Executive Summary

    3.1    Market Overview
    3.2    Key Demand Drivers
    3.3    Key Players
    3.4    Supply Market Changes
4    Global Sealants and Adhesives Market Outlook
5    Global Sealants and Adhesives Market 
    5.1    Global Sealants and Adhesives Market Analysis

        5.1.1    Figure: Global Sealants and Adhesives Historical Market (2014-2018) & Forecast (2019-2024)
        5.1.2    Chart: Global Sealants and Adhesives Market Breakup
            5.1.2.1    Sealants
            5.1.2.2    Adhesives
        5.1.3    Chart:  Global Sealants and Adhesives Market Breakup by Region
            5.1.3.1    North America
            5.1.3.2    Europe
            5.1.3.3    Asia Pacific
            5.1.3.4    LATAM
            5.1.3.5    Middle East and Africa
6    LATAM Sealants and Adhesives Market 
    6.1    LATAM Sealants and Adhesives Market Analysis

        6.1.1    Figure: LATAM Sealants and Adhesives Historical Market (2014-2018) & Forecast (2019-2024)
        6.1.2    Chart: LATAM Sealants and Adhesives Market Breakup
            6.1.2.1    Sealants
            6.1.2.2    Adhesives
        6.1.3    Figure: LATAM Sealants and Adhesives Market Breakup: Historical Market (2014-2018) & Forecast (2019-2024)
            6.1.3.1    Sealants
            6.1.3.2    Adhesives
        6.1.4    Chart:  LATAM Sealants and Adhesives Market Breakup by Country
            6.1.4.1    Brazil
            6.1.4.2    Argentina
            6.1.4.3    Colombia
            6.1.4.4    Mexico
            6.1.4.5    Others
        6.1.5    Figure:  LATAM Sealants and Adhesives Market Breakup by Country Historical Market (2014-2018) & Forecast (2019-2024)
            6.1.5.1    Brazil
            6.1.5.2    Argentina
            6.1.5.3    Colombia
            6.1.5.4    Mexico
    6.2    LATAM Adhesives Market Analysis
        6.2.1    Figure: LATAM Adhesives Historical Market (2014-2018) & Forecast (2019-2024)
        6.2.2    Chart: LATAM Adhesives Market Breakup by Product Type
            6.2.2.1    Reactive Systems
                6.2.2.1.1    Epoxy
                6.2.2.1.2    Polyurethane
                6.2.2.1.3    Others
            6.2.2.2    Solvent Based
                6.2.2.2.1    Vinyl Acetate
                6.2.2.2.2    PVA (Polyvinyl Acetate)
                6.2.2.2.3    Rubber
                6.2.2.2.4    Others
            6.2.2.3    Pressure Sensitive
                6.2.2.3.1    Acryl
                6.2.2.3.2    Rubber
                6.2.2.3.3    Others
            6.2.2.4    Water Based
                6.2.2.4.1    Acryl Emulsion
                6.2.2.4.2    Vinyl Acetate
                6.2.2.4.3    Others    
            6.2.2.5    Hot Melt
                6.2.2.5.1    EVA (Ethylene Vinyl Acetate)
                6.2.2.5.2    Rubber
                6.2.2.5.3    Others
            6.2.2.6    Others
        6.2.3    Chart: LATAM Adhesives Market Breakup by End-Use Industries: Historical Market (2014-2018) & Forecast (2019-2024)
            6.2.3.1    Paper, Board and Related products
            6.2.3.2    Building, Construction, Civil Engineering, Craftsmen
            6.2.3.3    Woodworking and Joinery
            6.2.3.4    Transportation
            6.2.3.5    Footwear and Leather
            6.2.3.6    Consumer/DIY
            6.2.3.7    Assembly Operations
            6.2.3.8    Others
    6.3    LATAM Sealants Market Analysis
        6.3.1    Figure: LATAM Sealants Historical Market (2014-2018) & Forecast (2019-2024)
        6.3.2    Chart: LATAM Sealants Market Breakup by Product Type
            6.3.2.1    Silicones
            6.3.2.2    Acrylic
            6.3.2.3    Butyls
            6.3.2.4    Polysulphides
            6.3.2.5    Polyurethanes
            6.3.2.6    Others
        6.3.3    Chart: LATAM Sealants Market Breakup by End-Use Industries: Historical Market (2014-2018) & Forecast (2019-2024)
            6.3.3.1    Construction (Incl. Insulating Glass, Glazing)
            6.3.3.2    Consumer/DIY
            6.3.3.3    Assembly
            6.3.3.4    Transportation
            6.3.3.5    Others
    6.4    SWOT Analysis
        6.4.1    Overview
        6.4.2    Strengths
        6.4.3    Weaknesses
        6.4.4    Opportunities
        6.4.5    Threats
    6.5    Porter’s Five Forces Analysis
        6.5.1    Overview
        6.5.2    Buyer’s Power
        6.5.3    Supplier’s Power
        6.5.4    New Entrants
        6.5.5    Degree of Rivalry
        6.5.6    Substitutes
    6.6    Global (HS Code-3901,3909,2915,2830) Trade Analysis (2018)
        6.6.1    Major Exporting Countries by Value & Volume
        6.6.2    Major Importing Countries by Value & Volume
    6.7    LATAM Sealants & Adhesives Price Analysis
        6.7.1    Brazil
            6.7.1.1    EVA (Ethylene Vinyl Acetate) Historical Price Trends (2014-2018) & Forecast (2019-2024)
            6.7.1.2    Polyurethanes Historical Price Trends (2014-2018) & Forecast (2019-2024)
            6.7.1.3    Vinyl Acetate Historical Price Trends (2014-2018) & Forecast (2019-2024)
            6.7.1.4    Polysulphides Historical Price Trends (2014-2018) & Forecast (2019-2024)
        6.7.2    Argentina
            6.7.2.1    EVA (Ethylene Vinyl Acetate) Historical Price Trends (2014-2018) & Forecast (2019-2024)
            6.7.2.2    Polyurethanes Historical Price Trends (2014-2018) & Forecast (2019-2024)
            6.7.2.3    Vinyl Acetate Historical Price Trends (2014-2018) & Forecast (2019-2024)
            6.7.2.4    Polysulphides Historical Price Trends (2014-2018) & Forecast (2019-2024)
        6.7.3    Colombia
            6.7.3.1    EVA (Ethylene Vinyl Acetate) Historical Price Trends (2014-2018) & Forecast (2019-2024)
            6.7.3.2    Polyurethanes Historical Price Trends (2014-2018) & Forecast (2019-2024)
            6.7.3.3    Vinyl Acetate Historical Price Trends (2014-2018) & Forecast (2019-2024)
            6.7.3.4    Polysulphides Historical Price Trends (2014-2018) & Forecast (2019-2024)
        6.7.4    Mexico
            6.7.4.1    EVA (Ethylene Vinyl Acetate) Historical Price Trends (2014-2018) & Forecast (2019-2024)
            6.7.4.2    Polyurethanes Historical Price Trends (2014-2018) & Forecast (2019-2024)
            6.7.4.3    Vinyl Acetate Historical Price Trends (2014-2018) & Forecast (2019-2024)
            6.7.4.4    Polysulphides Historical Price Trends (2014-2018) & Forecast (2019-2024)
7    Competitive Landscape & Supplier Analysis
    7.1    Henkel AG & Company, KGaA
    7.2    H.B. Fuller Company
    7.3    Arkema Inc.
    7.4    Sika AG 
    7.5    Wacker Chemie AG
    7.6    Evonik Chemicals Limited
    7.7    Poliplás Selantes e Adesivo Ltda
    7.8    Cabot Corporation
    7.9    Saint-Gobain S.A
    7.10    Others
8    Events and Developments

Additional Customisation Available:

9    Manufacturing Process
    9.1     Detailed Process Flow
    9.2     Operations Involved
    9.3     Mass Balance
10    Cost Analysis
    10.1    Land, Location and Site Development
    10.2    Construction
    10.3    Plant Machinery
    10.4    Cost of Raw Material
    10.5    Packaging
    10.6    Transportation
    10.7    Utilities
    10.8    Manpower
    10.9    Other Capital Investment
11    Value Chain Analysis

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