South America Specialty Adhesives Market – Size, Trends and Forecast (2024 – 2032)

Adhesives is a substance that is enforced on one surface or both surfaces in which two separate items that bind them together and curbs their separation. The various advantages of using adhesives includes, allows joint substrates with different geometries, sizes and composition in which adhesives can joint glass, plastics, metals, ceramics & others, strong flexibility in the product design, special adhesives prepared to conduct electricity or electrical insulator are usually used in the field of electronics, and others. One of the speciality adhesives is cyanoacrylate adhesives, bond very quickly and to a range of substrates.  They form a very strong bond and dry clear.  They work perfectly in tensile applications that have low impact strength requirements and are good for the projects involving wood, metal, ceramic, leather, glass, and some plastic where the bond line is very tight.

South America Specialty Adhesives Market Segments Size & Growth:

South America speciality adhesives market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include infrastructural development in emerging economies, increasing demand from the automotive sector, rising demand from medical sector, and technological advancements in end-use industries. However, stringent regulations and volatility in raw material prices are thereby hindering the market growth. The opportunity for speciality adhesives market includes balancing of European construction sector.

The major driver which is boosting the growth of speciality adhesives market is the growing demand for speciality adhesives from the automotive and medical sectors. Moreover, infrastructural development in emerging economies is expected to boost the market growth at a greater pace. Speciality adhesives are used majorly in the various application which includes military, aerospace, automotive, marine, construction, medical, photonics, and others.

South America Specialty Adhesives Market Segments Share:

South America speciality adhesives market is categorised into the product which comprises of cyanoacrylates, polyvinyl acetate, polyurethanes, and acrylic. Among them, cyanoacrylates segment is projected to hold the largest share in the market. The various advantages of using cyanoacrylates include non-flammable, rapid cure, unique bonding characteristics, very easy to use and automate, ideal for high-temperature applications, more efficiencies and reduced costs in the manufacturing process, and others. By end-users, the market is segmented into aerospace, automotive, construction, marine, healthcare, military, and others. The construction segment is expected to hold the largest share in the market due to a wide range of applications in the construction sector, such as floor coverings, tiles, and parquet flooring, and many more applications.

By Geography, Brazil is projected to hold the largest share in the market and is projected to witness the highest growth rate in the market during the forecast period. The growth in this region is expected to make a significant contribution to the soaring revenue of the speciality adhesive market as the automotive, packaging, and construction industries have increased the growth rate of the market.

Global Specialty Adhesives Market Trends:

• Advanced Adhesive Technologies, Inc. introduces a VOC compliant, solvent technology in its latest wood flooring adhesives.
• LORD Corporation introduces some new fast-cure urethane adhesives at work truck show 2018.

Global Specialty Adhesives Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players, such as

• 3M Company
• B. Fuller
• Advanced Adhesive Technologies, Inc.
• Bostik
• Henkel

Along with these companies, there were many other companies considered/cited in the report while analysing the South America speciality adhesives market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.