South America Sealants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Sealants Market Analysis
The South America Sealants market is expected to reach a value of around USD 490 million by the end of this year and is projected to register a CAGR of more than 5.5% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.
- The expanding building and construction industry will likely drive the market significantly in the coming years.
- However, the strict regulations on the usage of VOC-free content are expected to hinder the market's growth.
- Increasing awareness of renewable and eco-friendly products is expected to be an opportunity.
South America Sealants Market Trends
Increasing Demand from Building and Construction Sector
- Sealants have been extensively used in the building and construction industry owing to their characteristics and physical properties.
- Sealants can stop liquids and other substances from passing through material surfaces, joints, or openings in construction. They can act as a fire-stopping component and block airflow, sound, dust, insects, and others.
- They are used in the residential, commercial, and infrastructure segments, including various on-site and off-site applications such as sub-flooring, finish flooring, wall roofing, structural glazing, panels such as composite bonding (FRP panels), drywall lamination, repair of large cracks insulated glass, doors and windows, HVAC, and prefabricated housing.
- Building and construction is the highest consumable sector of sealants. For instance, in Brazil, sealant consumption in the building and construction sector nearly accounted for 55% of total sealant consumption.
- There are several construction projects going on in the region, which are likely to increase the consumption of sealants in the construction sector. For instance, in Argentina, the construction of the first phase of the President Néstor Kirchner gas pipeline of worth USD 3 billion is expected to be completed by June or August 2023.
Brazil to Dominate the Market
- Brazil dominates the demand for sealants from the South American region due to its comparatively larger area and population than other countries like Argentina and Colombia.
- Brazil was the largest automotive market in the South American region. Due to the COVID-19 pandemic, the country saw a significant drop in yearly car production for FY 2020. However, following the relaxation of government sanctions, the market has re-entered a growth phase and appears promising for the projection term.
- For instance, in 2021, about 1.97 million light vehicles were sold in the country, about 2% more than in 2020. Owing to the slow rise in demand, the number of cars sold is expected to increase in the upcoming years, hence driving the market of sealants in the region.
- Furthermore, silicone sealants are also used in structural glazing due to their higher bond strength and durability. Structural glazing is generally used to reduce energy consumption, mainly in commercial buildings.
- Currently, Brazil has over 1,400 certified green buildings. This is expected to grow as Brazil has pledged to reduce emissions by 43% by 2030.
South America Sealants Industry Overview
The South American sealants market is fragmented. The major companies include 3M, RPM International, Sika AG, Soudal Holding N.V., and Henkel AG & Co. KGaA, among others (in no particular order).
South America Sealants Market Leaders
Henkel AG & Co. KGaA,
RPM International
3M
Sika AG
Soudal Holding N.V.
*Disclaimer: Major Players sorted in no particular order
South America Sealants Market News
- March 2023, WACKER chemical group announced the expansion of its silicone sealant manufacturing and cartridge filling capacities at its Nünchritz location. The expansion is likely to expand the company's capacity to produce ready-to-use silicone sealants. Around has allocated USD20 million for the new manufacturing lines, which are set to begin production in the fall of 2024.
- February 2023: the company launched an updated product portfolio for pressure-sensitive adhesives in collaboration with Ashland Technology
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Rising Demand from Building and Construction Sector
4.1.2 Other Drivers
4.2 Market Restraints
4.2.1 Strict Regulations on the Usage of VOC-free Contents
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value and Revenue)
5.1 End-User Industry
5.1.1 Aerospace
5.1.2 Automotive
5.1.3 Building and Construction
5.1.4 Healthcare
5.1.5 Other End-user Industries
5.2 Resin Type
5.2.1 Acrylic
5.2.2 Epoxy
5.2.3 Polyurethane
5.2.4 Silicone
5.2.5 Other Resin Types
5.3 Geography
5.3.1 Argentina
5.3.2 Brazil
5.3.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%) **/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 RPM International
6.4.3 Momentive
6.4.4 Arkema Group
6.4.5 Brascola
6.4.6 Sika AG
6.4.7 Dow
6.4.8 Soudal Holding N.V.
6.4.9 Saint-Gobain
6.4.10 Brascola
6.4.11 Henkel AG & Co. KGaA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Sealants Industry Segmentation
Sealant is a substance that is used to prevent fluids from passing through gaps in materials. Sealants are widely used in several industries, such as automotive, construction, electronics, and others owing to their properties such as waterproofing, crack sealing, weather sealing, etc. The South American sealants market is segmented by end-user industry, resin type, and geography. By end-user industry, the market is segmented into aerospace, automotive, building and construction, healthcare, and other end-user industries. By resin type, the market is segmented into acrylic, epoxy, polyurethane, silicone, and other resin types. By geography, the market is segmented into Argentina, Brazil, and the rest of South America. The report also covers the market size and forecasts for the market in 2 countries across the region. For each segment, the market sizing and forecasts have been done on the basis of volume (kiloton) and revenue (USD million).
| End-User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Healthcare | |
| Other End-user Industries |
| Resin Type | |
| Acrylic | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| Other Resin Types |
| Geography | |
| Argentina | |
| Brazil | |
| Rest of South America |
Frequently Asked Questions
What is the current South America Sealants Market size?
The South America Sealants Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)
Who are the key players in South America Sealants Market?
Henkel AG & Co. KGaA,, RPM International, 3M, Sika AG and Soudal Holding N.V. are the major companies operating in the South America Sealants Market.
What years does this South America Sealants Market cover?
The report covers the South America Sealants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Sealants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Sealants Industry Report
Statistics for the 2024 South America Sealants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Sealants analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
