Market Size of South America Adhesives And Sealants Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.07 Billion |
| Market Size (2029) | USD 5.26 Billion |
| CAGR (2024 - 2029) | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Adhesives and Sealants Market Analysis
The South America Adhesives And Sealants Market size is estimated at USD 4.07 billion in 2024, and is expected to reach USD 5.26 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The South American adhesives and sealants market was significantly affected by the COVID-19 pandemic, bringing both challenges and opportunities. Lockdowns and disruptions in industries like construction and manufacturing initially reduced demand. However, the pandemic simultaneously increased the need for adhesives and sealants in manufacturing medical supplies, personal protective equipment, and hygiene products. Despite the initial setbacks, the market is anticipated to recover and exhibit long-term growth.
The demand for adhesives and sealants is extensively driven by the growing demand from the construction industry and increasing healthcare infrastructure.
However, the market growth is likely to be hindered by the stringent VOC emissions regulations related to adhesives and sealants.
The innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials are likely to offer opportunities for the adhesives and sealants market in the region.
Brazil stands to be the largest market for adhesives and sealants in the region, where the end-user industries, such as construction, aerospace, and automotive, majorly drive consumption.
