The South America waterborne adhesives market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing use of high performance polymer formulation.
Waterborne adhesives are conceived as harmless products to the ecosystem and economically reasonable option to solvent-based adhesives. One of the significant benefits of waterborne adhesives is the absence of volatile organic compounds (VOCs). Moreover, water can be utilized to wipe adhesive of mated parts and to clean the hardware. These adhesives are usually considered extremely ecological.
For this type of adhesives, a large class of polymers are utilized, typically elastomers or thermoplastics, which are either scattered or dissolved in the continuous water phase. Waterborne adhesives are appropriate to high velocity application and assembly. They are normally wet bonded. This means that at least one of the substrates has to be water permeable to permit water to escape from the bondline.
Market Trends, Drivers, Restraints, and Opportunities
- Rapid urbanization and modernization are propelling the construction and infrastructure activities and is estimated to facilitate the market development in the coming years.
- Increasing demand for home decor and advanced architecture is expected to drive the market growth during the forecast period.
- Booming demand for the waterborne adhesives in the food packaging industry is one of the key factors contributing to the market growth.
- Excessive amount of chemicals used in production of adhesives can hinder the market development.
- Rising demand for rigid foam for high insulation uses can create lucrative opportunities for market players.
Scope of the Report
The report on the South America waterborne adhesives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
South America waterborne adhesives Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Resin Types (Acrylics, Polyvinyl Acetate Emulsion, Ethylene Vinyl Acetate Emulsion, Polyurethane Dispersions and CR Latex, and Other Resin Types), End-user Industries (Building & Construction, Paper, Board, and Packaging, Woodworking & Joinery, Transportation, Healthcare, Electrical & Electronics, and Other Ens-user Industries)
Argentina, Chile, Brazil, Columbia, and Rest of South America
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
3M; Arkema Group; Dow; Henkel AG & Co.; KGaA; and Sika AG
South America Waterborne Adhesives Market Segment Insights
Acrylics segment is expected to grow at a rapid pace
Based on resin types, the South America waterborne adhesives market is divided into acrylics, polyvinyl acetate emulsion, ethylene vinyl acetate emulsion, polyurethane dispersions and CR latex, and other resin types. The acrylics segment is expected to grow at a rapid pace during the forecast period. Acrylics is the most commonly used resin as it provides better strength. It provides advantages such as resistance to temperature, flexibility, water resistance, excellent binding properties, oil & chemical resistance, and inertness. The major application of acrylics is in the building & construction industry and is expected to increase during the forecast period due to infrastructural developments across the globe.
Building & construction segment is projected to expand at a considerable CAGR
On the basis of end-user industries, the market is segregated into building & construction, paper, board, and packaging, woodworking & joinery, transportation, healthcare, electrical & electronics, and other end-user industries. The building & construction segment is projected to expand at a considerable CAGR during the forecast period. In the construction sector, adhesives are used in carpet laying, concrete, ceramic tiles, joint cement, flooring, drywall lamination, roofing, pre finished panels, manufactured housing, resilient flooring, and wall covering. The growth in green building construction coupled with the rising concern about the quality of construction is accelerating the demand for water-borne adhesives.
Brazil is anticipated to constitute a key market share
Based on regions, the market is classified as Argentina, Chile, Brazil, Columbia, and Rest of South America. Brazil is expected to constitute a key share of the market during the forecast period. Increasing demand from construction industry is anticipated to proliferate the market growth in the county. Moreover, government state bodies are also providing several lucrative incentives to boost investment in the building & construction industry, further accelerating the market growth in the country.
Segments Covered in the Report
The South America waterborne adhesives market has been segmented on the basis of
- Polyvinyl Acetate Emulsion
- Ethylene Vinyl Acetate Emulsion
- Polyurethane Dispersions
- CR Latex
- Other Resin Types
- Building & Construction
- Woodworking & Joinery
- Electrical & Electronics
- Other End-user Industries
- Rest of South America
- Arkema Group
- Henkel AG & Co. KGaA
- Sika AG
Key players competing in the South America waterborne adhesives market are 3M; Arkema Group; Dow; Henkel AG & Co.; KGaA; and Sika AG.
Some of the key players are focusing on new product development and investing in R&D activities to expand their market share.