The South America polyurethane (PU) hot-melt adhesives market size is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising use of PUR holt-melt adhesives as a solvent-borne adhesive alternative.
Solvent-free and thermoplastic materials, hot-melt adhesives are known as hot glue. These adhesives are melted and applied to a surface, and they are strong adhesives that solidify after cooling. PUR hot-melt adhesives are made for demanding, high-impact applications. As the adhesives cool, they begin to polymerize and undergo a secondary moisture cure, causing the glue to crosslink, resulting in a new polyurethane polymer with more strength and flexibility than typical hot melts. PU hot-melt adhesives are heat resistant and may be used to bond appliance housings and cabinets, thermal insulation panels in dishwashers, nameplates, touchpads, and vinyl gaskets.
The Covid-19 pandemic affected the demand and supply of South America polyurethane (PU) hot-melt adhesives market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Rising use of PUR holt-melt adhesives as a solvent-borne adhesive alternative is projected to fuel the market during the forecast period.
- Increasing environmental awareness is key factor propelling the market in the coming years.
- Price fluctuation of raw material is expected to hinder the market growth.
- Issues regarding reduced thermal resistance act as major challenge that can restrict the market in the coming years.
- Use of bio-based hot-melt adhesives is anticipated to create lucrative opportunities for the market players.
Scope of the Report
The report on the South America polyurethane (PU) hot-melt adhesives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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South America Polyurethane (PU) Hot-melt Adhesives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Type (Non-reactive and Reactive), Application (Paper, Board, & Packaging, Healthcare, Automotive, Furniture, Footwear, Textile, Electrical & Electronics, Bookbinding, and Others)
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Geographical Scope
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Brazil, Argentina, Colombia, Chile, and Rest of South America
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Sika AG; 3M; Henkel AG & Co. KGaA; Arkema Group; H.B. Fuller Company
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Market Segment Insights
The reactive segment is projected to hold a major market share
Based on type, the South America polyurethane (PU) hot-melt adhesives market is bifurcated into non-reactive and reactive. The reactive segment is expected to represent a key share of the market during forecast period. Manufacturers are now concentrating on the usage of environment friendly products, which is driving demand for adhesives. These adhesives can replace solvents and provide other advantages such as decreased labor and energy expenses. Dryers are not required for reactive hot melt adhesives, which saves energy. Dryers are not required for reactive hot melt adhesives, which saves energy. Flexibility, high strength, and good adhesion to a variety of substrates, including wood, textiles, plywood, particleboards, foams, metals, and plastics, are among their physical characteristics. They have high heat resistance than conventional adhesives, which appeals to many end users. Reactive hot melt adhesives are preferred over traditional adhesives in many applications due to their better characteristics.
The packaging segment is expected to grow at a rapid pace
In terms of application, the South America polyurethane (PU) hot-melt adhesives market is divided into paper, board, & packaging, healthcare, automotive, furniture, footwear, textile, electrical & electronics, bookbinding, and others. The packaging segment is expected to represent a key share of the market during forecast period. In the manufacturing of car interior panels, polyurethane hot melts are becoming more popular. PU hot-melt adhesives are used in the production of vehicle seats, to secure wires in the roof liner, and to bond door sill protectors and other plastic parts. They can be used to adhere logos to gear knobs and anchor plates to them.
Retainer bonding refers to the bonding of the steel frames of sunroofs, window tracks, and other similar items. Different materials can be firmly bonded, including plastics, metals, lacquers, fabrics, and wood-based products. These hot melts are flexible and resistant to brittleness even at low temperatures.
These adhesive methods are applied increasingly for laminating. With improved application technique, the glue may be applied at a low cost. In comparison to usage of dispersion adhesives, holt-melt adhesives are applied with 100 % solids.
Brazil is expected to dominate the market
On the basis of geography, the South America polyurethane (PU) hot-melt adhesives market is classified as Brazil, Argentina, Colombia, Chile, and Rest of South America. The market of Brazil is anticipated to dominate the market during forecast period. Furthermore, country is a major producer of regional and business jets, as well as a variety of aerospace goods such as turboprops, military aircraft, agricultural aircraft, business aircraft, helicopters, and others.
Segments
Segments Covered in the Report
The South America polyurethane (PU) hot-melt adhesives market has been segmented on the basis of
Types
Application
- Paper, Board, & Packaging
- Healthcare
- Automotive
- Furniture
- Footwear
- Textile
- Electrical & Electronics
- Bookbinding
- Others
Geography
- Brazil
- Argentina
- Colombia
- Chile
- Rest of South America
Key Players
- Sika AG
- 3M
- Henkel AG & Co. KGaA
- Arkema Group
- H.B. Fuller Company
Competitive Landscape
Key players competing in the South America polyurethane (PU) hot-melt adhesives market include Sika AG, 3M, Henkel AG & Co. KGaA, Arkema Group, and H.B. Fuller Company.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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