Transparency Market Research is Published
new Market Report "Latin
America (Brazil, Mexico, Argentina) Adhesives and Sealants
(Acrylic, PVA, PU, Epoxy, EVA, Silicones) Market for Construction, Automotive,
Packaging, Assembly, Pressure Sensitive Tapes and Other Applications - Industry
Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019". The Latin
America adhesives market was valued atUSD 1,404 million in 2012 and
expected to reach USD 2,136.1 million by 2019, growing at a CAGR of
6.2% from 2013 to 2019. The Latin America sealants market was valued
atUSD 214.2 million in 2012 and is expected to reach USD 327.3
million by 2019 growing at a CAGR of 6.3% from 2013 to 2019.
Browse
the full report at http://www.transparencymarketresearch.com/latin-america-adhesives-sealants.html
Growth of major end-use industries such as construction and automotive
mainly in the emerging economies of Brazil and Argentina is
expected to boost the market for adhesives and sealants over the next six
years. However, the volatility in raw material prices coupled with
environmental concerns regarding the use of synthetic (petroleum-based)
adhesives and sealants is expected to hinder market growth over the forecast
period. In order to reduce reliance on synthetic adhesives and sealants, major
manufacturers such as The Dow Chemical Company, Henkel and Danimer Scientific
LLC among others have been shifting their focus towards developing bio-based
adhesives and sealants.
Acrylic and polyvinyl acetate (PVA) based adhesives together accounted
for over 50% of the total market demand in 2012. Key adhesives application
industries include electronics, automobiles, construction and packaging among
others. Owing to their fast setting properties Ethyl Vinyl Acetate (EVA) based
adhesives are expected to be the fastest growing product segment at an
estimated CAGR of 5.6% from 2013 to 2019. Sealants market was dominated by
silicone based sealants, accounting for over 30% of the total regional demand
in 2012. Growing automotive industry in Brazil is expected to fuel
the demand for sealants in the region over the forecast period.
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Pressure sensitive applications (PSA) emerged as the largest consumer of
adhesives with 27% of the Latin America market in 2012. The furniture
industry is expected to be the fastest growing market for adhesives at an
estimated CAGR of 6.1% over the forecast period, owing to growing disposable
income in the region. On the other hand, automotive industry is expected to be
the fastest growing market for sealants, with demand estimated to grow at a
CAGR of 5.7% from 2013 to 2019 in Latin America. Construction industry
dominated the sealants market in the region with 28% of the total demand in
2012. Growing foreign investments into Brazil have spurred growth in
infrastructure development in the Latin American countries. Upcoming events
such as the FIFA World Cup 2014 and Olympic Games in 2016 are expected to
ensure continuous demand for sealants from the construction industry
in Brazil.
Brazil dominated the adhesives and the sealants market with over 50%
and 75 % of theLatin America market, respectively in 2012. Along with
being the largest market, Brazil is also expected to be the fastest
growing market at an estimated CAGR of 5.5% and 5.1% over the forecast period,
for adhesives and sealants, respectively from 2013 to 2019. Other Latin
American countries such as Mexico and Argentina are
expected to witness moderate growth rate in the near future.
Some of the key manufacturers of adhesives and sealants include 3M
Company, Henkel AG., H.B Fuller Company, BASF SE, Bostik SA, UNISEAL Inc.,
Ellsworth Adhesives and Dow Chemical Company among others.
The report segments the Latin America adhesives market as,
Adhesives
Market: Product Segment Analysis,
- Acrylic
- PVA
- Polyurethanes
- Styrenic block
- Epoxy
- EVA
- Other (including
silicones, polyisobutylene)
Adhesives
Market: Application Segment Analysis,
- Pressure sensitive
applications
- Packaging
- Construction
- Furniture
- Footwear
- Automotive
- Other (aerospace, electronics, etc
Adhesives
Market: Regional Analysis,
- Brazil
- Mexico
- Argentina
- Rest of the Latin
America
The report segments the Latin America Sealants market as,
Sealants
Market: Product Segment Analysis,
- Silicones
- Polyurethanes
- Acrylic
- Polyvinyl acetate
- Other (including
polysulphide, EVA, etc)
Sealants
Market: Application Segment Analysis,
- Construction
- Automotive
- Packaging
- Assembly
- Pressure sensitive
tapes
- Consumers
- Other (aerospace,
electronics, etc)
Sealants
Market: Regional Analysis,
- Brazil
- Mexico
- Argentina
- Rest of the Latin
America
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