The adhesives market in South America is expected to value at USD XX million and XX thousand tons in 2016 and is likely to reach USD XX and XX million thousand tons by 2022, at an estimated CAGR of XX% (in terms of revenue) and XX% (in terms of volume), respectively, during the forecast period, 2017 to 2022. The sealants market in South America is expected to value at USD XX million and XX thousand tons in 2016 and is likely to reach USD XX and XX million thousand tons by 2022, at an estimated CAGR of XX% (in terms of revenue) and XX% (in terms of volume), respectively, during the forecast period, 2017 to 2022.
Adhesives and sealants are often grouped together, as they both are applied to the surfaces of materials to adhere and seal them together. They are available in liquid form, which is viscous in nature, with no or little flow characteristics. Adhesives are majorly chosen for their bonding and holding power and have high tensile and shear strength. Adhesives are two varieties - structural adhesives (strength is vital for the success of the assembly) and non-structural adhesives (have low strength and are used to bond weak substrates and for temporary fastening). However, sealants are mostly selected for their ability to resist relative movement of the substrates, fill gaps, and contain or exclude another material. They have less strength compared to adhesives, however, are more flexible in nature.
Many factors, such as the rapidly growing construction and automotive industries, drive this market. However, the market faces certain drawbacks, such as volatility in raw material prices and stringent environmental regulations regarding VOC emissions. These factors may act as a roadblock to the growth of the market.
Adhesives and sealants, owing to their ability to bind different material together by distributing stress more efficiently across the joints, are becoming an integral part of various commercial and industrial sectors. In the adhesives and sealants market report, we have considered the following major end-user sectors - building & construction, paper, board & packaging, transportation, woodworking & joinery, footwear & leather, assembly operations, medical, and others. The building & construction segment accounted for about XX% share of the South America adhesives and sealants market in 2016, which is shown below:
The South America adhesives market, by technology, is broadly segmented into water-borne adhesives, solvent-borne adhesives, reactive adhesives, hot melts adhesives, and others. These are further segmented as per the sub-segmentations of the technology. The South America sealants market, by product type, is broadly segmented into silicone, polyurethane, plastisol, emulsion, and others. In addition, the market is also segmented by application, resins, etc., for pressure sensitive adhesives. Geographically, the South America market is segmented into Brazil, Argentina, Chile, Columbia, and Rest of South America.
Opportunities and Major Players
The increasing demand for lightweight and fuel-efficient vehicles will offer numerous opportunities for the growth of the South America adhesives and sealants market.
Some of the major companies dominating this market for its products, services, and continuous product developments are:
Henkel AG & Co. KGaA
Key Deliverables in the Study
Market analysis for the South America adhesives and sealants market, with region-specific assessments and competition analysis on a regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the South America adhesives and sealants market on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.
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