South America Contact Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The market is segmented by Resin (Neoprene, Styrene Butadiene Copolymer, Acrylic Copolymer, and Other Resins), Technology (Water-borne, Solvent-borne, and Other Technologies), End-user Industry (Automotive and Aerospace, Building and Construction, Consumer Durables, Leather and Footwear, Packaging, Woodworking, and Other End-user Industries), and Geography (Brazil, Argentina, Chile, Colombia, and Rest of South America).

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South America Contact Adhesives Market Size

South America Contact Adhesives Market - Market Summary
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Study Period 2018 - 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
Historical Data Period 2018 - 2021
CAGR > 2.00 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order
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South America Contact Adhesives Market Analysis

South America contact adhesives market is expected to grow at a CAGR of more than 2% during the forecast period. The demand for contact adhesives is widely driven by the recovery in construction activities and increased application in automotive and aerospace industry for producing lightweight vehicles and aircrafts. However, stringent VOC emission regulations may affect the growth of the studied market.

  • The neoprene-based segment dominated the market. It is likely to grow during the forecast period, owing to the rising demand from the footwear and construction industry.
  • The shifting focus toward water-borne adhesives is likely to offer opportunities for the contact adhesives market in the region.
  • Brazil stands to be the largest market for contact adhesives in the region, with consumption being majorly driven by the demand from end-user industries, such as packaging, construction, woodworking and footwear.

South America Contact Adhesives Market Trends

This section covers the major market trends shaping the South America Contact Adhesives Market according to our research experts:

Building and Construction Industry to Drive the Market Demand

  • Contact adhesives' properties such as good cohesion, adhesion and elasticity, high cohesive strength, flexibility, high elastic modulus of substrate, resistance from thermal expansion, environmental resistance from UV light, corrosion, salt water, rain, and other weathering conditions, makes it extensively useful for application in construction industry.
  • They are mainly used in wooden flooring and artificial turf, owing to their property of strain crystallization.
  • With economies reviving from economic slowdown caused due to corruption, political instability and lack of investment, the construction industry in the region has been recovering at a steady pace.
  • Hence, with growing construction activities in countries, such as Brazil, Columbia, Chile and Peru are likely to drive the consumption of contact adhesives market in the region.
South America Contact Adhesives Market Revenue Share

Brazil to Dominate the Market

  • In terms of consumption, Brazil stands to be the largest market for contact adhesives in the region. Brazil had experienced a volatile economy over the past few years.
  • Political instability, high inflation, low prices of export of goods, and depressed confidence levels caused a contraction in the Brazilian economy.
  • However, the country's economic growth is now supported by the recovery in various end-user industries, such as automotive and construction.
  • Currently, the country's infrastructure sector is under flux. However, the government has introduced a program for infrastructure development to help leverage private sector logistics investment, which is likely to increase the scope for consumption of contact adhesive in the country during the forecast period.
  • Brazil retail sector stands to be the largest in the region which accounts for more than 35% of the regional retail sales. The sector is further witnessing noticeable growth in the country with growing demand for food and consumer goods.
  • Hence, all such trends are expected to drive the consumption of contact adhesives market in the country during the forecast period.
South America Contact Adhesives Market Revenue Share

South America Contact Adhesives Industry Overview

South America contact adhesives market is fragmented in nature. Some of the keyplayers in the market includes 3M, Arkema Group, H.B. Fuller, Sika AG, and Henkel AG & Co. KGaA, amongst others.

South America Contact Adhesives Market Leaders

  1. 3M

  2. Henkel AG & Co. KGaA

  3. Arkema Group

  4. H.B. Fuller

  5. Sika AG

*Disclaimer: Major Players sorted in no particular order

South America Contact Adhesives Market - Market Concentration.png

South America Contact Adhesives Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Report

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Recovery in Construction Industry

      2. 4.1.2 Increased Application in Automotive and Aerospace Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations Regarding VOC Emissions

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin

      1. 5.1.1 Neoprene

      2. 5.1.2 Styrene Butadiene Copolymer

      3. 5.1.3 Acrylic Copolymer

      4. 5.1.4 Other Resins

    2. 5.2 Technology

      1. 5.2.1 Water-borne

      2. 5.2.2 Solvent-borne

      3. 5.2.3 Other Technologies

    3. 5.3 End-user Industry

      1. 5.3.1 Building and Construction

      2. 5.3.2 Automotive and Aerospace

      3. 5.3.3 Consumer Durables

      4. 5.3.4 Packaging

      5. 5.3.5 Woodworking

      6. 5.3.6 Leather and Footwear

      7. 5.3.7 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Brazil

      2. 5.4.2 Argentina

      3. 5.4.3 Chile

      4. 5.4.4 Colombia

      5. 5.4.5 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Arkema Group

      3. 6.4.3 Ashland

      4. 6.4.4 Avery Dennison Corporation

      5. 6.4.5 Beardow Adams

      6. 6.4.6 Dow

      7. 6.4.7 Dymax Corporation

      8. 6.4.8 Franklin International

      9. 6.4.9 H.B. Fuller

      10. 6.4.10 Henkel AG & Co. KGaA

      11. 6.4.11 Huntsman International LLC

      12. 6.4.12 ITW Performance Polymers (Illinois Tool Works Inc.)

      13. 6.4.13 Jowat AG

      14. 6.4.14 Mapei Inc.

      15. 6.4.15 Sika AG

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Shifting Focus Toward Water-borne Adhesives

**Subject to Availability

South America Contact Adhesives Industry Segmentation

South America contact adhesives market report include:

Resin
Neoprene
Styrene Butadiene Copolymer
Acrylic Copolymer
Other Resins
Technology
Water-borne
Solvent-borne
Other Technologies
End-user Industry
Building and Construction
Automotive and Aerospace
Consumer Durables
Packaging
Woodworking
Leather and Footwear
Other End-user Industries
Geography
Brazil
Argentina
Chile
Colombia
Rest of South America

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South America Contact Adhesives Market Research FAQs

The South America Contact Adhesives Market is projected to register a CAGR of greater than 2% during the forecast period (2023-2028).

3M, Henkel AG & Co. KGaA, Arkema Group, H.B. Fuller and Sika AG are the major companies operating in the South America Contact Adhesives Market.

South America Contact Adhesives Industry Report

Statistics for the 2023 South America Contact Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Contact Adhesives analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

South America Contact Adhesives Report Snapshots

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