Latin America Adhesives Market Size, Development Trend and Industry Growth 2019 to 2025 Forecasts: Grand View Research Inc.

27/feb/2019 10:58:33 Grand View Research Contatta l'autore

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San Francisco, 27 February 2019: The Report 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

The market is projected to witness to CAGR of 5.8% over the forecast period. Rapidly expanding end-use industries including packaging, automotive, transportation, textiles, and footwear are expected to be produced in Latin America. Different forms of adhesives are used in construction applications, including flooring, insulation, panel and partitions, and roofing.

Driving the market. Moreover, recent trend means 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.

Voluntary Organic Compounds (VOCs), solvent, and toxins. Water-based products are witnessing a huge demand to their excellent inherent characteristics, such as high performance and applications in different 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 expected to expand at a significant CAGR during the forecast period. Rising demand from the biomedical, healthcare, and plywood industrial applications is expected to be the market growth in the country. Also, rising demand for lightweight aluminum parts, which are generally bonded using adhesives, is also a propelling product usage for 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 of assets to 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.

Access Research Report of the Latin American Market Adhesives @ www.grandviewresearch.com/industry-analysis/latin-america-adhesives-market

Further key findings from the study suggestive:

 

  • In terms of revenue, the CAGR is 6.6% due to its improved moisture resistance as compared to other adhesives
  • In terms of volume, hot-melt adhesives led to the market and acquired to 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 the 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)

 

Grand View Research at: www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the Latin American adhesives market on the basis of product and region:

Latin America Adhesives Product Outlook (Volume, Kilotons, Revenue, USD Million, 2014 - 2025)

  • Natural
  • Water-based
  • Hot-melt
  • Reactive
  • Solvent-based
  • Emulsion

Latin America Adhesives Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2014 - 2025)

  • Latin America
    • brazil
    • Colombia
    • Argentine

 

Access Press Release of the Latin American Market Adhesives @ www.grandviewresearch.com/press-release/latin-america-adhesives-market-analysis

About Grand View Research

Grand View Research, Inc. is a US based market research and consulting company registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer the market intelligence studies related to fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com  

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