Market Size of South America Polyurethane (PU) Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Polyurethane Adhesives Market Analysis
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.
