Latin America Adhesives and Sealants Market for Building and Construction Applications is Expected to Reach USD 253 Million and USD 83.6 Million Respectively by 2020
According
to a new market report published by Transparency Market Research
titled "Adhesives (Epoxy, Acrylic, Polyvinyl Acetate,
Polyurethane and Others) and Sealants (Acrylic, Epoxy, SBR, Silicones
and Others) Market for Building and Construction (Water Proofing
Systems, Cement and Others) Applications - Latin America Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020".
The Latin America adhesives market was valued at USD 163.9 million in
2013 and is estimated to reach USD 253 million by 2020, growing at a
CAGR of 6.3% between 2014 and 2020. The Latin America sealants market
was valued at USD 56.4 million in 2013 and is likely to reach USD
83.6 million by 2020, growing at a CAGR of 5.8% between 2014 and
2020.
Browse
the full Latin America Adhesives and Sealants Market for Building and
Construction Applications Report at
Economic
growth and government expenditure on infrastructure development in
emerging economies such as Brazil, Colombia, Mexico and Argentina are
likely to boost the market for adhesives and sealants during the
forecast period. However, the volatility in raw material prices
coupled with environmental concerns regarding the use of synthetic
(petroleum-based) adhesives and sealants could to hinder the market
growth over the forecast period. In order to reduce the 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 over the past few years.
Acrylic
and polyvinyl acetate (PVA) based adhesives together accounted for
more than 40% of the total Latin America adhesives market for
building and construction in 2013. These adhesives find wide
applications in the construction industry for roofing, paneling,
laminates, structural as well as non-structural assemblies among
others. Owing to its fast setting properties, acrylic-based adhesives
are anticipated to be the fastest growing market and are likely to
grow at an estimated CAGR of 6.3% between 2014 and 2020. The sealants
market was dominated by acrylic-based sealants and accounted for over
20% of the total regional demand in 2013. Growing construction
activities, mainly in Brazil and Argentina, are expected to fuel the
market for sealants in Latin America over the forecast period.
Water
proofing systems emerged as the largest consumer of adhesives as well
as sealants in the Latin America building and construction market in
2013. It is also expected to be the fastest growing market for both
adhesives and sealants over the forecast period. Growing foreign
investments into Brazil have spurred the growth in infrastructure
development in the Latin American countries. Brazil hosted FIFA World
Cup 2014 and is scheduled to host the Olympics in 2016. These global
sporting events are likely to ensure continuous demand for sealants
from the construction industry in Brazil.
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Brazil
dominated the adhesives and the sealants market with majority shares
in the Latin America market in 2013. Along with being the largest
market, Brazil is also expected to be the fastest growing market due
to increasing infrastructure activities. 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.
Get
Sample of Latin America Adhesives and Sealants Market for Building
and Construction Applications Report @
The
report segments the Latin America adhesives market as,
Adhesives
Market - Product Segment Analysis
- Release contains wide tables.
- View fullscreen.
- Acrylic
- Polyvinyl acetate (PVA)
- Polyurethanes
- Epoxy
- Others (Including silicones, polyisobutylene, etc.)
Adhesives
Market - Application Analysis
- Water Proofing Systems
- Cement
- Others
Adhesives
Market - Regional Analysis
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
The
report segments the Latin America sealants market as,
Sealants
Market - Product Segment Analysis
- Silicones
- Epoxy
- Acrylic
- Styrene butadiene rubber (SBR)
- Others (Including polysulphide, EVA, etc.)
Sealants
Market - Application Analysis
- Water Proofing Systems
- Cement
- Other
Sealants
Market - Regional Analysis
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
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