Manufacturers are aiming to achieve full production and shipment capabilities amidst the global health crisis of the COVID (coronavirus)-19 pandemic. For instance, DELO Adhesives— a supplier of multi-purpose industrial adhesives, is rolling up its sleeves to keep a continuous tab on all purchase items and their inventories to avoid any supply shocks. Thus, companies in the Latin America adhesives & sealants market should deploy active communication with its suppliers to emerge as reliable partners for its clients and customers.
Maintaining optimum inventory levels has helped manufacturers in the Latin America adhesives & sealants market to excel in business continuity measures for its customers. It has been found that certain countries of Asia Pacific and many U.S. subsidiaries are experiencing a slowdown in revenue generation activities due to stringent lockdown regulations imposed on non-essential businesses.
Innovations in polyurethane sealants are bolstering the revenue of the Latin America adhesives & sealants market. Manufacturers are broadening their revenue streams for polyurethane sealants in transport, construction, and commercial manufacturing applications. They are increasing their research spending to develop advanced formulations that play an instrumental role in improving the rheology of polyurethane sealants and are increasing efforts to lower the isocyanate content to deliver ease of application. Manufacturers are focusing on improving the slump resistance and product safety of polyurethane sealants to deploy its widespread application in modular construction and commercial manufacturing applications.
Leading market players in the Latin America adhesives & sealants market are increasing their production capabilities to manufacture silicone adhesives used for transport vehicle assembly. They are increasing the availability of silicone adhesives that are capable of curing even at room temperature. Fast curing speed of silicone adhesives and its other performance advantages in electronics assembly are being highly preferred by end users.
New adhesive and sealant innovations are creating incremental opportunities for manufacturers in Latin America. For instance, bio-based hot melt adhesives are boosting the credibility credentials of companies in the Latin America adhesives & sealants market, as manufacturers aim to expand their portfolio in environment-friendly bonding in packaging applications. Bio-based adhesives are being highly publicized for its high content of renewable materials. Moreover, these green adhesives are emerging as cost-efficient solutions for end users, since they keep the machinery clean, resulting in less maintenance costs. These green adhesives also deploy safety during applications.
On the other hand, hot melt adhesives are becoming increasingly commonplace in the Latin America adhesives & sealants market. These novel adhesives are being extensively used in case and carton sealing applications. As such, manufacturers are increasing their R&D efforts to innovate in polymer technology in order to make adhesives more resistant to extreme hot and cold temperatures.
New adhesive formulations are being highly preferred in superior stress-bearing components. However, adhesives require surface preparation treatments that involve cleaning of surfaces on which they are being joined. Moreover, oil and grease on surfaces significantly affect the bonding strength of adhesives. Hence, companies in the Latin America adhesives & sealants market are becoming increasingly aware about hybrid joining processes to overcome the limitations of adhesives. Similarly, weld bonding, clinch bonding, and rivet welding are some of the popular hybrid joining techniques that are becoming increasingly mainstream in various end-use cases.
On the other hand, pressure-sensitive adhesives are becoming prominent in the medical sector. Manufacturers in the Latin America adhesives & sealants market are focusing on developing skin-friendly adhesives that offer good breathability and keeps the pain and discomfort to a minimum in individuals. Thus, companies in the Latin America adhesives & sealants market are unlocking opportunities in the medical device industry and in wound care applications. As such, companies are entering into strategic partnerships to participate in recycling programs to contribute toward a circular economy.
Analysts’ Viewpoint
Stringent government restrictions on non-essential businesses such as in the Latin America adhesives & sealants market have led to reduced cargo capacities and shipment delays due to the COVID-19 crisis. Post the lockdown period, manufacturers should focus on establishing high-tech production facilities to encourage local innovation capabilities of customers and clients.
Manufacturers are innovating in latex formulations for pressure sensitive adhesives used in permanent paper labels. However, the amount of time required for fixture and full strength of adhesives is among some of the limitations of adhesives. Hence, companies should educate end users about hybrid joining techniques such as weld bonding to deploy the combination of resistance welding and adhesive bonding.
Latin America Adhesives & Sealants Market – Segmentation
TMR’s study on the adhesives & sealants market in Latin America segments the market based on product, application, and country & sub-region. Changing market trends and other crucial market dynamics associated with these segments of the adhesives & sealants market in Latin America are discussed in detail.
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1. Executive Summary
1.1. Latin America Adhesives & Sealants Market Outlook
1.2. Demand-side Trends
1.3. Key Facts and Figures
1.4. Trends Impacting Market
1.5. TMR’s Growth Opportunity Wheel
2. Market Overview
2.1. Market Segmentation
2.2. Key Developments/Product Timeline
2.3. Key Market Indicators/Definitions
2.4. Market Dynamics
2.4.1. Drivers
2.4.2. Restraints
2.4.3. Opportunities
2.5. Latin America Adhesives & Sealants Market Analysis and Forecast, 2019
2.5.1. Latin America Adhesives & Sealants Market Volume (Tons)
2.5.2. Latin America Adhesives & Sealants Market Value (US$ Mn)
2.6. Porter’s Five Forces Analysis
2.7. Regulatory Landscape
2.8. Value Chain Analysis
2.8.1. List of Key Manufacturers
2.8.2. List of Potential Customers
3. Latin America Production Output Analysis, 2019–2030
3.1. By Region
4. Adhesives and Sealants Price Trend Analysis, 2019–2030
4.1. Price Comparison Analysis, by Product
4.2. Price Comparison Analysis, by Country and Sub-region
5. Latin America Adhesives & Sealants Market Outlook
5.1. Latin America – Key Findings
5.2. Latin America Adhesives & Sealants Market, Country and Sub-region Outlook
6. Latin America Adhesives & Sealants Market Analysis and Forecast, by Product
6.1. Latin America Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
6.1.1. Acrylics
6.1.2. Epoxy
6.1.3. Polyvinyl Acetate (PVA)
6.1.4. Polyurethane (PU)
6.1.5. Styrenic Block
6.1.6. Ethyl Vinyl Acetate (EVA)
6.1.7. Others
6.2. Latin America Adhesives & Sealants Market Attractiveness Analysis, by Product
7. Latin America Adhesives & Sealants Market Analysis and Forecast, by Application
7.1. Latin America Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
7.1.1. Pressure Sensitive
7.1.2. Packaging
7.1.3. Construction
7.1.4. Furniture
7.1.5. Footwear
7.1.6. Automotive
7.1.7. Others
7.2. Latin America Adhesives & Sealants Market Attractiveness Analysis, by Application
8. Latin America Adhesives & Sealants Market Analysis and Forecast, by Country and Sub-region
8.1. Latin America Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn), by Country and Sub-region, 2019–2030
8.1.1. Brazil
8.1.2. Mexico
8.1.3. Argentina
8.1.4. Rest of Latin America
8.2. Latin America Adhesives & Sealants Market Attractiveness Analysis, by Country and Sub-region
8.3. Brazil Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
8.3.1. Acrylics
8.3.2. Epoxy
8.3.3. Polyvinyl Acetate (PVA)
8.3.4. Polyurethane (PU)
8.3.5. Styrenic Block
8.3.6. Ethyl Vinyl Acetate (EVA)
8.3.7. Others
8.4. Brazil Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
8.4.1. Pressure Sensitive
8.4.2. Packaging
8.4.3. Construction
8.4.4. Furniture
8.4.5. Footwear
8.4.6. Automotive
8.4.7. Others
8.5. Mexico Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
8.5.1. Acrylics
8.5.2. Epoxy
8.5.3. Polyvinyl Acetate (PVA)
8.5.4. Polyurethane (PU)
8.5.5. Styrenic Block
8.5.6. Ethyl Vinyl Acetate (EVA)
8.5.7. Others
8.6. Mexico Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
8.6.1. Pressure Sensitive
8.6.2. Packaging
8.6.3. Construction
8.6.4. Furniture
8.6.5. Footwear
8.6.6. Automotive
8.6.7. Others
8.7. Argentina Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
8.7.1. Acrylics
8.7.2. Epoxy
8.7.3. Polyvinyl Acetate (PVA)
8.7.4. Polyurethane (PU)
8.7.5. Styrenic Block
8.7.6. Ethyl Vinyl Acetate (EVA)
8.7.7. Others
8.8. Argentina Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
8.8.1. Pressure Sensitive
8.8.2. Packaging
8.8.3. Construction
8.8.4. Furniture
8.8.5. Footwear
8.8.6. Automotive
8.8.7. Others
8.9. Rest of Latin America Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
8.9.1. Acrylics
8.9.2. Epoxy
8.9.3. Polyvinyl Acetate (PVA)
8.9.4. Polyurethane (PU)
8.9.5. Styrenic Block
8.9.6. Ethyl Vinyl Acetate (EVA)
8.9.7. Others
8.10. Rest of Latin America Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
8.10.1. Pressure Sensitive
8.10.2. Packaging
8.10.3. Construction
8.10.4. Furniture
8.10.5. Footwear
8.10.6. Automotive
8.10.7. Others
9. Competition Landscape
9.1. Competition Matrix, by Key Players
9.2. Latin America Adhesives & Sealants Market Share Analysis, by Company (2019)
9.3. Market Footprint Analysis
9.3.1. By Product
9.4. Competitive Business Strategies
9.5. Company Profiles
9.5.1. Henkel AG and Company KGaA
9.5.1.1. Company Description
9.5.1.2. Business Overview
9.5.1.3. Product Portfolio
9.5.1.4. Financial Overview
9.5.1.5. Strategic Overview
9.5.2. 3M
9.5.2.1. Company Description
9.5.2.2. Business Overview
9.5.2.3. Product Portfolio
9.5.2.4. Financial Overview
9.5.2.5. Strategic Overview
9.5.3. H. B. Fuller
9.5.3.1. Company Description
9.5.3.2. Business Overview
9.5.3.3. Product Portfolio
9.5.3.4. Financial Overview
9.5.3.5. Strategic Overview
9.5.4. The Dow Chemicals Company
9.5.4.1. Company Description
9.5.4.2. Business Overview
9.5.4.3. Product Portfolio
9.5.4.4. Financial Overview
9.5.5. Avery Dennison Corporation
9.5.5.1. Company Description
9.5.5.2. Business Overview
9.5.5.3. Product Portfolio
9.5.5.4. Financial Overview
9.5.5.5. Strategic Overview
9.5.6. BASF SE
9.5.6.1. Company Description
9.5.6.2. Business Overview
9.5.6.3. Product Portfolio
9.5.6.4. Financial Overview
9.5.6.5. Strategic Overview
9.5.7. Bostik SA
9.5.7.1. Company Description
9.5.7.2. Business Overview
9.5.7.3. Product Portfolio
9.5.7.4. Strategic Overview
9.5.8. Fana Química
9.5.8.1. Company Description
9.5.8.2. Business Overview
9.5.8.3. Product Portfolio
9.5.9. N.D. Industries Inc.
9.5.9.1. Company Description
9.5.9.2. Business Overview
9.5.9.3. Product Portfolio
9.5.10. Uniseal Inc.
9.5.10.1. Company Description
9.5.10.2. Business Overview
9.5.10.3. Product Portfolio
9.5.11. Chimica Organica Industriale Milanese (COIM)
9.5.11.1. Company Description
9.5.11.2. Business Overview
9.5.11.3. Product Portfolio
9.5.12. Fitas Flax
9.5.12.1. Company Description
9.5.12.2. Business Overview
9.5.12.3. Product Portfolio
9.5.13. Grupo Lamosa
9.5.13.1. Company Description
9.5.13.2. Business Overview
9.5.13.3. Product Portfolio
9.5.13.4. Financial Overview
9.5.13.5. Strategic Overview
9.5.14. Hipoalergic
9.5.14.1. Company Description
9.5.14.2. Business Overview
9.5.14.3. Product Portfolio
9.5.15. CIARclad SA
9.5.15.1. Company Description
9.5.15.2. Business Overview
9.5.15.3. Product Portfolio
10. Key Primary Insights
List of Tables
Table 1 Latin America Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
Table 2 Latin America Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
Table 3 Latin America Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2030
Table 4 Brazil Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
Table 5 Brazil Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
Table 6 Mexico Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
Table 7 Mexico Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
Table 8 Argentina Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
Table 9 Argentina Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
Table 10 Rest of Latin America Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
Table 11 Rest of Latin America Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
List of Figures
Figure 1 Latin America Adhesives & Sealants Market Value Share Analysis, by Product
Figure 2 Latin America Adhesives & Sealants Market Attractiveness Analysis, by Product
Figure 3 Latin America Adhesives & Sealants Market Volume (Tons) and Value (US$ Mn), 2019–2030
Figure 4 Latin America Adhesives & Sealants Market Value Share Analysis, by Application
Figure 5 Latin America Adhesives & Sealants Market Attractiveness Analysis, by Application
Figure 6 Latin America Adhesives & Sealants Market Value Share Analysis, by Country and Sub-region
Figure 7 Latin America Adhesives & Sealants Market Attractiveness Analysis, by Country and Sub-region