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Mexico Adhesives - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)

Publisher Mordor Intelligence Inc
Published Jan 16, 2026
Length 120 Pages
SKU # MOI20767852

Description

Mexico Adhesives Market Analysis

The Mexico Adhesives Market size in 2026 is estimated at USD 1.53 billion, growing from 2025 value of USD 1.44 billion with 2031 projections showing USD 2.03 billion, growing at 5.92% CAGR over 2026-2031. Nearshoring-driven factory investments, electric-vehicle (EV) platform localization, and fast-rising e-commerce packaging volumes combine to lift demand for structural, specialty, and pressure-sensitive chemistries across Mexico’s three leading manufacturing corridors. Global tier-one suppliers accelerate local capacity additions to shorten supply chains, while regional formulators capitalize on peso-denominated costs and custom technical service. EV battery pack assembly, heat-management modules, and modular construction panels are the highest-growth application clusters. At the same time, escalating raw-material costs and talent shortages in automated dispensing limit the pace at which producers can fully monetize this demand. Financing gaps for small and midsize converters delay capital-equipment upgrades, prompting multinationals to engage in co-investment or long-term offtake agreements to secure volume.

Mexico Adhesives Market Trends and Insights

EV-Driven Lightweighting Accelerates Structural Adhesive Adoption

BMW’s USD 855 million battery plant in Nuevo León and Audi’s USD 1 billion Puebla expansion specify crash-resistant epoxies and polyurethane foams for battery housings, floor pans, and body-in-white modules. Chinese tier-one suppliers such as Ningbo Tuopu and Zhejiang Yinlun invest over USD 780 million in chassis, cooling, and AC systems, widening the local pool of electronics and thermal substrates that require thermally conductive and flame-retardant pastes. These programs push the Mexico adhesives market toward higher shear-strength chemistries, triggering plant upgrades for robotics-compatible dosing, in-line curing, and traceability. As OEM qualification cycles close, local converters gain multi-year contracts that secure base-load volumes and justify additional resin-polymerization steps inside Mexico.

OEM Near-Shoring Transforms Electronics Assembly Supply Chains

The drive to fortify North American electronics value chains has routed more than USD 2.5 billion of automotive-electronics FDI to Mexico in 2024, with LS Cable and System and Sinbon Electronics each announcing USD 100 million production footprints. High-density interconnect boards, traction-inverter modules and on-board chargers require silver-filled conductive epoxies, silicone gels and low-pressure molding compounds that meet automotive AEC-Q200 standards. By colocating with EV assemblers in Querétaro and Nuevo León, component makers cut cross-border logistics costs and pull demand for specialty resins, accelerators and UV-curable sealants that were previously imported from Asia. The Mexico adhesives market captures these new workflows through toll-blending partnerships, ISO 9001 process audits and localized technical-service centers staffed with bilingual engineers.

MMA Price Volatility Pressures Acrylic Adhesive Margins

Producers such as AOC and Polynt implemented several USD 0.12/lb list-price increases, eroding converter spreads on carton-sealing, label and woodworking lines that depend on acrylic emulsions. In response, form-ulators hedge with forward-purchase contracts, redesign recipes toward ethyl-acrylate copolymers and trial bio-based MMA routes under ISCC PLUS certification. While larger plants neutralize price spikes via scale and alt-feedstock sourcing, smaller SME coaters delay expansion, muting potential throughput gains in the Mexico adhesives market.

Other drivers and restraints analyzed in the detailed report include:

  1. E-Commerce Surge Drives Flexible-Packaging Innovation
  2. Growth of Modular Construction Systems Reshapes Building-Material Demand
  3. Skilled-Labor Shortages Constrain Automation Adoption

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Acrylic systems occupied 28.25% of the Mexico adhesives market share in 2025, owing to versatility across paper, film, and porous substrates. Production centers near Mexico City compound acrylic emulsions incorporating hollow-glass microspheres to reduce density, thereby lowering formula cost yet sustaining tack. However, MMA price volatility strains margins, prompting producers to hedge futures, expand butyl-acrylate substitution, and speed up bio-MMA pilot lines inside the Gulf petrochemical corridor. Efforts include de-risking via on-site esterification to capture surplus acrylic-acid streams, a step that yields integrated supply advantages for top-tier players.

Epoxy formulations post the most rapid climb at 6.18% CAGR as EV battery, aerospace nacelle, and wind-blade repair applications demand elevated adhesion, chemical resistance, and dielectric properties. Multinationals qualify locally sourced bisphenol-A resins and amine hardeners under IATF 16949 standards, shortening lead times for Bajío auto clusters. Polyurethane, silicone, and VAE/EVA families continue to capture stable packaging and construction niches, while cyanoacrylate grades fulfill medical-device and MRO spot-bonding needs.

The Mexico Adhesives Market Report is Segmented by Resin (Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, and More), Technology (Hot-Melt, Reactive, Solvent-Borne, UV-Cured, and Water-Borne), and End-User Industry (Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery, and Other End-User Industries). The Market Forecasts are Provided in Terms of Value (USD).

List of Companies Covered in this Report:

  1. 3M
  2. Arkema
  3. Ashland
  4. Avery Dennison Corporation
  5. Dow
  6. H.B. Fuller Company
  7. Henkel AG & Co. KGaA
  8. Huntsman International LLC
  9. Illinois Tool Works Inc.
  10. Jowat
  11. Mapei S.p.A.
  12. Niasa México, SACV
  13. Permabond
  14. PPG Industries, Inc.
  15. Saint-Gobain
  16. Sika AG
  17. Soudal Group

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Please note: The report will take approximately 2 business days to prepare and deliver.

Table of Contents

120 Pages
1 Introduction
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Landscape
4.1 Market Overview
4.2 Market Drivers
4.2.1 EV-driven lightweighting requirement
4.2.2 OEM near-shoring of electronics assembly
4.2.3 Surging flexible-packaging demand from e-commerce
4.2.4 Growth of modular construction systems
4.2.5 Bio-based resin scale-up by regional chemical clusters
4.3 Market Restraints
4.3.1 Volatile methyl-methacrylate (MMA) prices
4.3.2 Skilled-labor shortages in automated dispensing
4.3.3 Peso-denominated capital-equipment financing gaps
4.4 Value Chain Analysis
4.5 Regulatory Landscape
4.6 Porter's Five Forces
4.6.1 Bargaining Power of Buyers
4.6.2 Bargaining Power of Suppliers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitutes
4.6.5 Competitive Rivalry
5 Market Size and Growth Forecasts (Value)
5.1 By Resin
5.1.1 Acrylic
5.1.2 Cyanoacrylate
5.1.3 Epoxy
5.1.4 Polyurethane
5.1.5 Silicone
5.1.6 VAE/EVA
5.1.7 Other Resins
5.2 By Technology
5.2.1 Hot-Melt
5.2.2 Reactive
5.2.3 Solvent-borne
5.2.4 UV-Cured
5.2.5 Water-borne
5.3 By End-User Industry
5.3.1 Aerospace
5.3.2 Automotive
5.3.3 Building and Construction
5.3.4 Footwear and Leather
5.3.5 Healthcare
5.3.6 Packaging
5.3.7 Woodworking and Joinery
5.3.8 Other End-User Industries
6 Competitive Landscape
6.1 Market Concentration
6.2 Strategic Moves
6.3 Market Share/Ranking Analysis
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
6.4.1 3M
6.4.2 Arkema
6.4.3 Ashland
6.4.4 Avery Dennison Corporation
6.4.5 Dow
6.4.6 H.B. Fuller Company
6.4.7 Henkel AG & Co. KGaA
6.4.8 Huntsman International LLC
6.4.9 Illinois Tool Works Inc.
6.4.10 Jowat
6.4.11 Mapei S.p.A.
6.4.12 Niasa México, SACV
6.4.13 Permabond
6.4.14 PPG Industries, Inc.
6.4.15 Saint-Gobain
6.4.16 Sika AG
6.4.17 Soudal Group
7 Market Opportunities and Future Outlook
7.1 White-space and Unmet-Need Assessment

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