Latin America Adhesives Market Size, Share & Trends Analysis Report By Product (Reactive, Natural, Water-based, Hot-melt, Solvent-based), By Region (Argentina, Colombia, Brazil), And Segment Forecasts, 2019 - 2025

Published: Jan, 2019 | Pages: 97 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The Latin America adhesives market size is expected to reach USD 3.11 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to witness a CAGR of 5.8% over the forecast period. Rapidly expanding end-use industries including packaging, automotive, transportation, textiles, and footwear along with increasing construction spending in Brazil are expected to propel the product penetration in Latin America. Different forms of adhesives are used in the construction applications including flooring, insulation, panel and partitions, and roofing.

Strong economic growth and rising population in this region have fueled the product demand in infrastructure development sector, thereby driving the market. Moreover, recent trend indicates that many Original Equipment Manufacturers (OEMs) and end-users in industries including automotive and aircraft manufacturing prefer high-performing adhesives over conventional methods, such as welding and mechanical fasteners, to join different metal parts or substrates. This is also expected to boost the product demand over the forecast period.

Increasing environmental concerns have forced companies to focus on providing adhesives that are non-ozone depleting and free from Volatile Organic Compounds (VOCs), solvent, and toxins. Water-based products are witnessing a huge demand due to their excellent inherent characteristics, such as high performance and applications in diverse industries including construction, packaging, and pharmaceutical. The application scope for water-based and natural adhesives, followed by hot-melt solutions, in electrical and electronics packaging industries is constantly increasing.

Colombia is estimated to expand at a significant CAGR during the forecast period. Rising demand from the biomedical, healthcare, and plywood industrial applications is expected to propel the market growth in the country. Furthermore, rising demand for lightweight aluminum parts, which are generally bonded using adhesives, is also propelling product usage per vehicle. While packaging will remain the leading outlet for product utilization, the construction segment is anticipated to capture a major share.

Key companies focus on expansion and acquisition activities to gain a competitive advantage over others. For instance, Sika Automotive opened a new manufacturing facility in Sao Paulo, Brazil. The company is expanding its product portfolio and production capacity to cater to the escalating demand from the automobile sector.

Further key findings from the study suggest :

• In terms of revenue, water-based products are anticipated to witness the fastest CAGR of 6.6% due to their improved moisture resistance as compared to other adhesives

• In terms of volume, hot-melt adhesives led the market and acquired a market share of 15.5% in the past due to their eco-friendly nature and odorless bonding solutions

• Colombia is predicted to register a strong CAGR of 6.2%, in terms of volume, owing to high demand from the biomedical, healthcare, and plywood industrial applications

• Henkel Adhesives, 3M Company, BASF SE, The Dow Chemical Company, Bostik SA, Sika Corp., and BASF SE are the top companies in Latin America adhesives market

• Most of them focus on business expansion through product innovation; for instance, recently, Ashland launched two new solvent-based pressure sensitive adhesives (PSA)

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Research methodology
                   1.2 Research scope and assumptions
                   1.3 List of data sources

Chapter 2 Executive Summary
                   2.1 Market Snapshot

Chapter 3 Market Variables, Trends & Scope
                   3.1 Market segmentation
                   3.2 Penetration & growth prospect mapping, 2014 - 2025
                       3.2.1 Growth prospects, by region
                           3.2.1.1 Brazil
                           3.2.1.2 Colombia
                           3.2.1.3 Argentina
                   3.3 Latin America adhesives market - value chain analysis
                   3.4 Regulatory framework
                   3.5 Raw material outlook
                   3.6 Technological landscape
                   3.7 Latin America adhesives market dynamics
                       3.7.1 Market driver analysis
                           3.7.1.1 OEM's aiming for cost saving
                           3.7.1.2 Rapid expansion of major end-use industries
                           3.7.1.3 Increasing construction spending in Brazilian markets
                       3.7.2 Market restraint analysis
                           3.7.2.1 Volatility in raw material prices
                           3.7.2.2 Stringent environmental regulations
                   3.8 Key opportunities prioritized
                   3.9 Industry analysis - Porter's
                   3.10 Latin America adhesives market - PESTEL analysis

Chapter 4 Latin America Adhesives Market: Product Estimates & Trend Analysis
                   4.1 Product Market Introduction, 2016 & 2025
                   4.2 Natural adhesives
                       4.2.1 Natural adhesives market estimates & forecast, 2014 - 2025
                       4.2.2 Natural adhesives market estimates & forecast, by product type, 2014 - 2025
                   4.3 Water-based adhesives
                       4.3.1 Water-based adhesives market estimates & forecast, 2014 - 2025
                       4.3.2 Water-based adhesives market estimates & forecast, by product type, 2014 - 2025
                   4.4 Hot-melt adhesives
                       4.4.1 Hot-melt adhesives market estimates & forecast, 2014 - 2025
                       4.4.2 Hot-melt adhesives market estimates & forecast, by product type, 2014 - 2025
                   4.5 Reactive adhesives
                       4.5.1 Reactive adhesives market estimates & forecast, 2014 - 2025
                       4.5.2 Reactive adhesives market estimates & forecast, by product type, 2014 - 2025
                   4.6 Solvent-based adhesives
                       4.6.1 Solvent-based adhesives market estimates & forecast, 2014 - 2025
                       4.6.2 Solvent-based adhesives market estimates & forecast, by product type, 2014 - 2025
                   4.7 Emulsion adhesives
                       4.7.1 Emulsion adhesives market estimates & forecast, 2014 - 2025
                       4.7.2 Emulsion adhesives market estimates & forecast, by product type, 2014 - 2025

Chapter 5 Latin America Adhesives Market: Regional Estimates & Trend Analysis
                   5.1 Regional Market Introduction, 2016 & 2025
                   5.2 Brazil
                       5.2.1 Brazil adhesives market estimates & forecast, 2014 - 2025
                       5.2.2 Brazil adhesives market estimates & forecast, by product type, 2014 - 2025
                       5.2.3 Brazil adhesive market estimates & forecast, by natural adhesives, 2014 - 2025
                       5.2.4 Brazil adhesives market estimates & forecast, by water-based adhesive, 2014 - 2025
                       5.2.5 Brazil adhesives market estimates & forecast, by hot-melt adhesive, 2014 - 2025
                       5.2.6 Brazil adhesives market estimates & forecast, by reactive adhesive, 2014 - 2025
                       5.2.7 Brazil adhesives market estimates & forecast, by solvent-based adhesive, 2014 - 2025
                       5.2.8 Brazil adhesives market estimates & forecast, by emulsion adhesive, 2014 - 2025
                   5.3 Colombia
                       5.3.1 Colombia adhesives market estimates & forecast, 2014 - 2025
                       5.3.2 Colombia adhesives market estimates & forecast, by product type, 2014 - 2025
                       5.3.3 Colombia adhesives market estimates & forecast, by natural adhesive, 2014 - 2025
                       5.3.4 Colombia adhesives market estimates & forecast, by water-based adhesive, 2014 - 2025
                       5.3.5 Colombia adhesives market estimates & forecast, by hot-melt adhesive, 2014 - 2025
                       5.3.6 Colombia adhesives market estimates & forecast, by reactive adhesive, 2014 - 2025
                       5.3.7 Colombia adhesives market estimates & forecast, by solvent-based adhesives, 2014 - 2025
                       5.3.8 Colombia adhesives market estimates & forecast, by emulsion adhesives, 2014 - 2025
                   5.4 Argentina
                       5.4.1 Argentina adhesives market estimates & forecast, 2014 - 2025
                       5.4.2 Argentina adhesives market estimates & forecast, by product type, 2014 - 2025
                       5.4.3 Argentina adhesives market estimates & forecast, by natural adhesives, 2014 - 2025
                       5.4.4 Argentina adhesives market estimates & forecast, by water-based adhesives, 2014 - 2025
                       5.4.5 Argentina adhesives market estimates & forecast, by hot-melt adhesives, 2014 - 2025
                       5.4.6 Argentina adhesives market estimates & forecast, by reactive adhesives, 2014 - 2025
                       5.4.7 Argentina adhesives market estimates & forecast, by solvent-based adhesives, 2014 - 2025
                       5.4.8 Argentina adhesives market estimates & forecast, by emulsion adhesives, 2014 - 2025

Chapter 6 Competitive Landscape
                   6.1 Latin America adhesives company heat map analysis, 2016
                   6.2 Vendor Landscape
                   6.3 Competitive environment
                   6.4 Strategy framework

Chapter 7 Company Profiles
                   7.1 Henkel Adhesives
                       7.1.1 Company Overview
                       7.1.2 Financial Performance
                       7.1.3 Product Benchmarking
                       7.1.4 Strategic Initiatives
                   7.2 KLEIBERIT Klebstoffe
                       7.2.1 Company Overview
                       7.2.2 Financial Performance
                       7.2.3 Product Benchmarking
                       7.2.4 Strategic Initiatives
                   7.3 Olive Quimica S.A
                       7.3.1 Company Overview
                       7.3.2 Financial Performance
                       7.3.3 Product Benchmarking
                   7.4 3M Company
                       7.4.1 Company Overview
                       7.4.2 Financial Performance
                       7.4.3 Product Benchmarking
                   7.5 AkzoNobel
                       7.5.1 Company Overview
                       7.5.2 Financial Performance
                       7.5.3 Product Benchmarking
                       7.5.4 Strategic Initiatives
                   7.6 Bostik SA
                       7.6.1 Company Overview
                       7.6.2 Financial Performance
                       7.6.3 Product Benchmarking
                       7.6.4 Strategic Initiatives
                   7.7 Lubrizol Corporation
                       7.7.1 Company Overview
                       7.7.2 Financial Performance
                       7.7.3 Product Benchmarking
                   7.8 Eastman Chemical Co.
                       7.8.1 Company Overview
                       7.8.2 Financial Performance
                       7.8.3 Product Benchmarking
                       7.8.4 Strategic Initiatives
                   7.9 Ashland Inc.
                       7.9.1 Company Overview
                       7.9.2 Financial Performance
                       7.9.3 Product Benchmarking
                       7.9.4 Strategic Initiatives
                   7.10 BASF SE
                       7.10.1 Company Overview
                       7.10.2 Financial Performance
                       7.10.3 Product Benchmarking
                       7.10.4 Strategic Initiatives
                   7.11 The Dow Chemical Company
                       7.11.1 Company Overview
                       7.11.2 Financial Performance
                       7.11.3 Product Benchmarking
                       7.11.4 Strategic Initiative
                   7.12 Sika Corp.
                       7.12.1 Company Overview
                       7.12.2 Financial Performance
                       7.12.3 Product Benchmarking
                       7.12.4 Strategic Initiatives
                   7.13 H.B Fuller
                       7.13.1 Company Overview
                       7.13.2 Financial Performance
                       7.13.3 Product Benchmarking
                       7.13.4 Strategic Initiatives

List of Tables

TABLE 1 Key international regulations & their impact on the Latin America adhesives industry
TABLE 2 Latin America adhesives - Key market driver impact
TABLE 3 Latin America adhesives- Key market restraints impact
TABLE 4 Natural adhesives market estimates & forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 5 Natural adhesives market volume, by product type, 2014 - 2025 (Kilotons)
TABLE 6 Natural adhesives market revenue, by product type, 2014 - 2025 (USD Million)
TABLE 7 Water-based adhesives market estimates & forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 8 Water-based adhesives market volume, by product type, 2014 - 2025 (Kilotons)
TABLE 9 Water-based adhesives market revenue, by product type, 2014 - 2025 (USD Million)
TABLE 10 Hot-melt adhesives market estimates & forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 11 Hot-melt adhesives market volume, by product type, 2014 - 2025 (Kilotons)
TABLE 12 Hot-melt adhesives market revenue, by product type, 2014 - 2025 (USD Million)
TABLE 13 Reactive adhesives market estimates & forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 14 Reactive adhesives market volume, by product type, 2014 - 2025 (Kilotons)
TABLE 15 Reactive adhesives market revenue, by product type, 2014 - 2025 (USD Million)
TABLE 16 Solvent-based adhesives market estimates & forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 17 Solvent-based adhesives market volume, by product type, 2014 - 2025 (Kilotons)
TABLE 18 Solvent-based adhesives market revenue, by product type, 2014 - 2025 (USD Million)
TABLE 19 Emulsion adhesives market estimates & forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 20 Emulsion adhesives market volume, by product type, 2014 - 2025 (Kilotons)
TABLE 21 Emulsion adhesives market revenue, by product type, 2014 - 2025 (USD Million)
TABLE 22 Brazil adhesives market estimates & forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 23 Brazil adhesives market volume, by product type, 2014 - 2025 (Kilotons)
TABLE 24 Brazil adhesives market revenue, by product type, 2014 - 2025 (USD Million)
TABLE 25 Brazil adhesives market volume, by natural adhesive, 2014 - 2025 (Kilotons)
TABLE 26 Brazil adhesives market volume, by natural adhesive, 2014 - 2025 (USD Million)
TABLE 27 Brazil adhesives market volume, by water-based adhesive, 2014 - 2025 (Kilotons)
TABLE 28 Brazil adhesives market revenue, by water-based adhesive, 2014 - 2025 (USD Million)
TABLE 29 Brazil adhesives market volume, by hot-melt adhesive, 2014 - 2025 (Kilotons)
TABLE 30 Brazil adhesives market revenue, by hot-melt adhesive, 2014 - 2025 (USD Million)
TABLE 31 Brazil adhesives market volume, by reactive adhesive, 2014 - 2025 (Kilotons)
TABLE 32 Brazil adhesives market revenue, by reactive adhesive, 2014 - 2025 (USD Million)
TABLE 33 Brazil adhesives market volume, by solvent-based adhesive, 2014 - 2025 (Kilotons)
TABLE 34 Brazil adhesives market revenue, by solvent-based adhesive, 2014 - 2025 (USD Million)
TABLE 35 Brazil adhesives market volume, by emulsion adhesive, 2014 - 2025 (Kilotons)
TABLE 36 Brazil adhesives market revenue, by emulsion adhesive, 2014 - 2025 (USD Million)
TABLE 37 Colombia adhesives market estimates & forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 38 Colombia adhesives market volume, by product type, 2014 - 2025 (Kilotons)
TABLE 39 Colombia adhesives market revenue, by product type, 2014 - 2025 (USD Million)
TABLE 40 Colombia adhesives market volume, by natural adhesive, 2014 - 2025 (Kilotons)
TABLE 41 Colombia adhesives market revenue, by natural adhesive, 2014 - 2025 (USD Million)
TABLE 42 Colombia adhesives market volume, by water-based adhesive, 2014 - 2025 (Kilotons)
TABLE 43 Colombia adhesives market revenue, by water-based adhesive, 2014 - 2025 (USD Million)
TABLE 44 Colombia adhesives market volume, by hot-melt adhesive, 2014 - 2025 (Kilotons)
TABLE 45 Colombia adhesives market revenue, by hot-melt adhesive, 2014 - 2025 (USD Million)
TABLE 46 Colombia adhesives market volume, by reactive adhesive, 2014 - 2025 (Kilotons)
TABLE 47 Colombia adhesives market revenue, by reactive adhesive, 2014 - 2025 (USD Million)
TABLE 48 Colombia adhesives market volume, by solvent-based adhesives, 2014 - 2025 (Kilotons)
TABLE 49 Colombia adhesives market revenue, by solvent-based adhesives, 2014 - 2025 (USD Million)
TABLE 50 Colombia adhesives market volume, by emulsion adhesives, 2014 - 2025 (Kilotons)
TABLE 51 Colombia adhesives market revenue, by emulsion adhesives, 2014 - 2025 (USD Million)
TABLE 52 Argentina adhesives market estimates & forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 53 Argentina adhesives market volume, by product type, 2014 - 2025 (Kilotons)
TABLE 54 Argentina adhesives market revenue, by product type, 2014 - 2025 (USD Million)
TABLE 55 Argentina adhesives market volume, by natural adhesives, 2014 - 2025 (Kilotons)
TABLE 56 Argentina adhesives market revenue, by natural adhesives, 2014 - 2025 (USD Million)
TABLE 57 Argentina adhesives market volume, by water-based adhesive, 2014 - 2025 (Kilotons)
TABLE 58 Argentina adhesives market revenue, by water-based adhesive, 2014 - 2025 (USD Million)
TABLE 59 Argentina adhesives market volume, by hot-melt adhesives, 2014 - 2025 (Kilotons)
TABLE 60 Argentina adhesives market revenue, by hot-melt adhesives, 2014 - 2025 (USD Million)
TABLE 61 Argentina adhesives market volume, by reactive adhesives, 2014 - 2025 (Kilotons)
TABLE 62 Argentina adhesives market revenue, by reactive adhesives, 2014 - 2025 (USD Million)
TABLE 63 Argentina adhesives market volume, by solvent-based adhesives, 2014 - 2025 (Kilotons)
TABLE 64 Argentina adhesives market revenue, by solvent-based adhesives, 2014 - 2025 (USD Million)
TABLE 65 Argentina adhesives market volume, by emulsion adhesives, 2014 - 2025 (Kilotons)
TABLE 66 Argentina adhesives market revenue, by emulsion adhesives, 2014 - 2025 (USD Million)
TABLE 67 Latin America adhesives company heat map analysis

List of Figures

FIG. 1 Latin America adhesives market snapshot
FIG. 2 Latin America adhesives market segmentation
FIG. 3 Latin America adhesives market volume & revenue, 2014 - 2025 (Kilotons) (USD Million)
FIG. 4 Latin America adhesives value chain analysis
FIG. 5 Latin America adhesives market dynamics
FIG. 6 Latin America adhesives market driver impact
FIG. 7 Production of light commercial vehicles, 2015 - 2016 (Units)
FIG. 8 Latin America adhesives market restraint impact
FIG. 9 WTI crude oil prices, 2012 - 2016 (USD per barrel)
FIG. 10 Global SBR prices, 2013 - 2017 (USD/ton)
FIG. 11 Key opportunities prioritized
FIG. 12 Latin America adhesives - Porter's analysis
FIG. 13 PESTEL analysis
FIG. 14 Latin America Adhesives market volume by product type, 2016 & 2025
FIG. 15 Latin America adhesives market volume by region, 2016 & 2025
FIG. 16 Competitive environment
FIG. 17 Strategy framework
FIG. 20 3D printing materials growth, by end use, 2017 & 2022 (Tons)
FIG. 21 Market restraint analysis
FIG. 22 Penetration & growth prospect mapping
FIG. 23 PESTEL analysis
FIG. 24 Porter's Five Forces Analysis
FIG. 25 3D printing metals market form outlook: Key takeaways
FIG. 26 3D printing metals market: Form movement analysis, 2017 & 2025 (Tons, %)
FIG. 27 3D printing metals market form outlook: Key takeaways
FIG. 28 3D printing metals market: Application movement analysis, 2017 & 2025 (Tons, %)
FIG. 29 3D printing metals market form outlook: Key takeaways
FIG. 30 3D Printing Metals Market: Product Volume Movement Analysis (Tons, %)
FIG. 31 Regional market place: Key takeaways
FIG. 32 3D printing metals market: Regional movement analysis, 2017 & 2025 (Tons)
FIG. 33 North America market revenue and volume estimates, (2014 - 2025) (USD Million, Tons)
FIG. 34 U.S. country outlook, 2014 to 2025 (Tons) (USD million)
FIG. 35 Europe market revenue and volume estimates, (2014 - 2025) (USD Million, Tons)
FIG. 36 Germany country outlook, 2014 to 2025 (Tons) (USD million)
FIG. 37 UK country outlook, 2014 to 2025 (Tons) (USD million)
FIG. 38 Asia Pacific market revenue and volume estimates (USD Million, Tons) ( 2014 - 2025)
FIG. 39 China country outlook, 2014 to 2025 (Tons) (USD million)
FIG. 40 Japan country outlook, 2014 to 2025 (Tons) (USD million)
FIG. 41 Central & South America market revenue and volume estimates, (2014 - 2025) (USD Million, Tons)
FIG. 42 Brazil country outlook, 2014 to 2025 (Tons) (USD million)
FIG. 43 MEA market revenue and volume estimates (USD Million, Tons) ( 2014 - 2025)
FIG. 44 Strategy Framework