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Mexico Adhesives Market Size, Share, Growth, Forecast: By Product Type: Reactive Systems, Solvent Based, Pressure Sensitive, Water Based, Hot Melt; By Application: Paper, Board and Related Products, Transportation, Assembly Operations, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Mexico Adhesives Market Outlook
The Mexico adhesives market attained a value of nearly USD 1.54 billion in 2023. The market is projected to grow at a CAGR of 6.20% between 2024 and 2032 to reach a value of around USD 2.64 billion by 2032.
Key Trends in the Market
An adhesive refers to a substance which can hold materials together. Adhesives exhibit strong mechanical properties such as resistance to abrasion, durability, endurance to fatigue, and dimensional stability, among others, rendering a temporary or semi-permanent attachment to the targeted component.
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- Increasing demand for consumer goods, including feminine hygiene products, packaged foods, and adult and baby products, among others, supported by rising disposable incomes and urbanisation, adds revenue to the Mexico adhesives market.
- Surge in construction activities, buoyed by the growing investments in residential and commercial building development, is anticipated to escalate the applications of adhesives in the construction sector. Adhesives find usage in manufacturing pre-fabricated housing components, binding different materials, and mixing cement, among others, for construction purposes.
- The rising investments by key players to expand adhesive production capabilities and launch sustainable adhesive production plants are crucial trends expected to aid the Mexico adhesives market. Moreover, product innovations and the development of high quality pressure and non-pressure sensitive hot melts by key players are likely to favour the market in the coming year.
Market Analysis
Based on product type, the market is segmented into reactive systems, solvent based, pressure sensitive, water based, and hot melt, among others.
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On the basis of application, the market is classified into paper, board and related products, building, construction, civil engineering, craftsmen, woodworking and joinery, transportation, footwear and leather, consumer/DIY, and assembly operations, among others. The major regions included in the Mexico adhesives market report are Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- 3M Co.
- Arkema Group
- Henkel AG & Co. KGaA
- Sika AG
- H.B. Fuller Company
- Saint-Gobain S.A
- Grupo Lamosa
- Others
Market Share by Product Type
The water based segment accounts for a healthy share of the Mexico adhesives market. Advantages like eco-friendliness, low toxicity, enhanced flexibility, and cost-effectiveness of water based adhesives make them popular for use in the fabric, bottling, packaging, plastic, and woodworking sectors.
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Moreover, there is an increasing application of water based adhesives in the Mexican food packaging sector to prevent water, heat, or chemicals from getting in contact with foods and eliminate health risks associated with solvent-based alternatives.
Market Share by Application
Based on application, the paper, board and related products segment is likely to witness a steady growth in the forecast period. This can be attributed to the thriving packaging sector across the country, coupled with the increasing number of customers with high disposable incomes and improving economic growth.
Surging use of paper, board, and related products in high quality packaging of dry and frozen foods, and dairy products, among others, is also boosting the demand for adhesives.
Competitive Landscape
3M Co. is a multinational company which produces various products including adhesion promotors, fillers, flexible adhesives, sealants, and windshield adhesives, among others. It was founded in 1902 and is headquartered in Minnesota, the United States.
Arkema Group is a renowned chemical manufacturing and speciality materials company which provides a wide range of glues, adhesives, sealants, and coatings, among other products. The company was established in 2004 and is headquartered in Colombes, France.
Henkel AG & Co. KGaA is a leading provider of chemicals, consumer goods, adhesives, sealants, and functional coatings catering to various industry demands. The company was founded in 1876 and is headquartered in Dusseldorf, Germany.
Other market players include Sika AG, H.B. Fuller Company, Saint-Gobain S.A, and Grupo Lamosa, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Mexico Adhesives Market Overview
8.1 Key Industry Highlights
8.2 Mexico Adhesives Historical Market (2018-2023)
8.3 Mexico Adhesives Market Forecast (2024-2032)
9 Mexico Adhesives Market by Product Type
9.1 Reactive Systems
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Type
9.1.3.1 Epoxy
9.1.3.2 Polyurethane
9.2 Solvent Based
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Type
9.2.3.1 Vinyl Acetate
9.2.3.2 PVA (Polyvinyl Acetate)
9.2.3.3 Rubber
9.3 Pressure Sensitive
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Type
9.3.3.1 Acryl
9.3.3.2 Rubber
9.4 Water Based
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Type
9.4.3.1 Acryl Emulsion
9.4.3.2 Vinyl Acetate
9.5 Hot Melt
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Type
9.5.3.1 EVA (Ethylene Vinyl Acetate)
9.5.3.2 Rubber
10 Mexico Adhesives Market by Application
10.1 Paper, Board and Related Products
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Building, Construction, Civil Engineering, Craftsmen
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Woodworking and Joinery
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Transportation
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Footwear and Leather
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Consumer/DIY
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
10.7 Assembly Operations
10.7.1 Historical Trend (2018-2023)
10.7.2 Forecast Trend (2024-2032)
10.8 Others
11 Mexico Adhesives Market by Region
11.1 Baja California
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Northern Mexico
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 The Bajío
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Central Mexico
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Pacific Coast
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Yucatan Peninsula
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Key Company Profiles
13.2.1 3M Co.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Arkema Group
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Henkel AG & Co. KGaA
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Sika AG
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 H.B. Fuller Company
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certification
13.2.6 Saint-Gobain S.A
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Grupo Lamosa
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Mexico Adhesives Market: Key Industry Highlights, 2018 and 2032
2. Mexico Adhesives Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Mexico Adhesives Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Mexico Adhesives Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Mexico Adhesives Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Mexico Adhesives Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Mexico Adhesives Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. Mexico Adhesives Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 1.54 billion in 2023.
The market is projected to grow at a CAGR of 6.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2.64 billion by 2032.
The increasing demand for adhesives in the consumer/DIY sector, the surge in construction activities, and the economic growth of the country, are the major drivers of the market.
The key trends in the market include rising investments by leading manufacturers aimed towards expanding adhesive production capabilities, progressive product developments and innovations by key players, and the development of high-quality pressure and non-pressure sensitive hot melts.
Paper, board and related products, building, construction, civil engineering, craftsmen, woodworking and joinery, transportation, footwear and leather, consumer/DIY, and assembly operations, among others, are the different applications of adhesives.
Adhesives can be made up of various components such as polymers, oligomers, or fillers, among others.
3M Co., Arkema Group, Henkel AG & Co. KGaA, Sika AG, H.B. Fuller Company, Saint-Gobain S.A, and Grupo Lamosa, among others, are the key Mexico adhesives market players.
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