South America Polyurethane (PU) Adhesives Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Resin Type (Thermoset and Thermoplastic), Technology (Water-borne, Solvent-borne, Hot-melt and Other Technologies), End-user Industry (Automotive and Aerospace, Building and Construction, Electrical and Electronics, Footwear and Leather, Healthcare, Packaging, and Other End-user Industries), and Geography (Brazil, Argentina, Chile, Colombia, and Rest of South America).

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

Greater Than 2 %

Major Players:

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Market Overview

South America polyurethane (PU) adhesives market is expected to grow at a CAGR of more than 2% during the forecast period. The demand for PU adhesives is widely driven by the growth in construction industry 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.

  • Amongst technology, solvent-based stands to be the largest segment as it is extensively preferred for numerous industrial and construction applications.
  • However, innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials are likely to offer opportunities for the PU adhesives market.
  • Brazil stands to be the largest market for PU adhesives in the region, with consumption being majorly driven by the growth in end-user industries, such as construction, automotive and packaging.

Scope of the report

South America polyurethane (PU) adhesives market report include:

Resin Type
Thermoset
Thermoplastic
Technology
Water Borne
Solvent-borne
Hot Melt
Other Technologies
End-user Industry
Automotive and Aerospace
Building and Construction
Electrical and Electronics
Footwear and Leather
Healthcare
Packaging
Other End-user Industries
Geography
Brazil
Argentina
Chile
Colombia
Rest of South America

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Key Market Trends

Building and Construction Industry Dominates the Market

  • Among end-user industries, building and construction segment dominates the consumption of PU adhesives in the region.
  • PU adhesives have rapid curing and low strength properties, making it an excellent choice for woodworking and other construction applications. They provide high strength required to hold construction materials together. 
  • Besides, this material is versatile, when it comes to product assembly adhesives. It suits plastics, glass, PVFs, aluminums, stainless steel, and other metals, regardless of the toughness of bond substrates.
  • 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 PU adhesives market in the region.

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Brazil Dominates the Market Demand

  • In terms of consumption, Brazil stands to be the largest market for PU 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 PU adhesives 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 PU adhesives market in the country during the forecast period.

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Competitive Landscape

South America polyurethane (PU) adhesives market is fragmented in nature. Some of the key players in the market includes 3M, Arkema Group, Dow, H.B. Fuller, and Henkel AG & Co. KGaA, amongst others.

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 Growth 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 Type

      1. 5.1.1 Thermoset

      2. 5.1.2 Thermoplastic

    2. 5.2 Technology

      1. 5.2.1 Water Borne

      2. 5.2.2 Solvent-borne

      3. 5.2.3 Hot Melt

      4. 5.2.4 Other Technologies

    3. 5.3 End-user Industry

      1. 5.3.1 Automotive and Aerospace

      2. 5.3.2 Building and Construction

      3. 5.3.3 Electrical and Electronics

      4. 5.3.4 Footwear and Leather

      5. 5.3.5 Healthcare

      6. 5.3.6 Packaging

      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 Company

      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 Pidilite Industries Ltd.

      16. 6.4.16 Sika AG

      17. 6.4.17 Wacker Chemie AG

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Innovation and Development of Bio-based Adhesives

    2. 7.2 Shifting Focus Toward Adhesive Bonding for Composite Materials

** Subject to Availability

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