An adhesive alludes to a substance used for binding materials to various surfaces. Adhesives can be in the synthetic or natural form, and can be classified as reactive and non-reactive. Sealants are viscous materials with practically no flow to permit the easy infiltration of substrate. Despite the fact that the basic application is the same, sealants differ from adhesives as the former lack prolongation and strength. Sealants are favored largely because they are insoluble, impervious to consumption, and give proper adhesion.
Albany, NY -- (SBWIRE) -- 05/20/2015 -- The Latin American adhesives and Sealants market has been segmented, in terms of product type, into PVA, styrenic block, acrylic, EVA, epoxy, polyurethanes, and others, such as silicones, and polyisobutylene. Acrylic-based cements rose as the predominantly used adhesive in all commercial industries including electronics, medical, construction, and packaging among others thanks to their fast curing nature. These additives represented 29.8% of the aggregate adhesives used in 2012.
The Adhesives and Sealants Market: Application Overview and Key Drivers
Pressure sensitive applications (PSA) held the largest share in the Latin American adhesives market and formed 27% of the total market in 2012. Furniture is predicted to be the most swiftly-growing market for adhesives at a CAGR of 6.1% between 2013 and 2019. The rising disposable income in Argentina and Brazil is one of the main factors spurring the demand for furniture, and thus for adhesives.
Construction surfaced as the main market for sealants and represented 28% of the aggregate sealants utilized in 2012. The adhesives and sealants market in Latin America is predicted to be driven by the development of end user industries, namely, construction and automobiles wherein adhesives and sealants are utilized as a part of panel laminating, flooring, insulation, facades, coating, and lamination amongst other functionalities
Sealants utilization in the construction business was trailed by the automotive and packaging industry, which together represented roughly 35% of the aggregate market in 2012. The automotive industry is required to be the quickest developing market for sealants at an expected CAGR of 5.7% from 2013 to 2019. In Brazil, Mexico, and Argentina, the developing auto production is likely to drive the demand for sealants in the automobile industry.
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Brazil Adhesives Market in Latin America Represented More Than 50% of the Overall Volume in 2012
Brazil has long ruled the adhesive market in Latin America and represented more than 50% of the aggregate volume in 2012. Brazil, in addition to being the largest market, is likewise the fastest developing market for adhesives and sealants at an expected CAGR of 5.5% from 2013 to 2019. Brazil is all prepared to host the Olympics in 2016 and it hosted the FIFA World Cup in 2014. These events have been encouraging the development of construction activities in Brazil, which is predicted to drive the market for adhesives and sealants over the forecast horizon. Brazil was trailed by Mexico and Argentina, which together represented more than 20% of the aggregate market in 2012.
The key market players in the adhesive and sealants Latin American market are Henkel AG, BASF SA, Ellsworth Adhesives, Avery Dennison, 3M Company, and The Dow Chemical Company.
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