The adhesives and sealants market in Latin America is expected to be driven by the growth in end user industries such as automobiles and construction where adhesives and sealants are used in panel lamenting, flooring, insulation, facades, coating, and lamination amongst other functionalities. Moreover, developing technology coupled with a wide range of applications of adhesives and sealants are expected to boost the market growth in the coming future.
Albany, NY -- (SBWIRE) -- 03/14/2016 -- Growing demand from key end-use applications such as construction and automotive industries is expected to boost the demand in Latin America. These industrial sectors are witnessing rapid growth in Brazil, Chile, Peru, Argentina, Colombia and other regions, thus fuelling the demand for adhesives and sealants. However, growing environmental concerns and volatile raw material prices of crude oil are expected to hinder the market growth. Bio-based adhesives and sealants are expected to catch up in the near future owing to their eco friendly characteristics.
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This report gives a detailed description of the Latin American adhesives and sealants market based on volume share (kilo tons) and revenue (USD million) for the period 2012 to 2019. The report highlights the factors contributing towards the growth of the market and the restraints that impede the market. Detailed forecasts for the years 2013-2019 for both adhesives and sealants have been given separately, for better understanding of the individual market scenario. The Latin American adhesives and sealants market is described with respect to their various segments along with the opportunities that are expected in the coming six years.
For geographic analysis, the Latin American market has been segmented into countries such as Brazil, Mexico, Argentina and Rest of Latin America - The adhesives market has been segmented based on the following product types - PVA (polyvinyl acetate), polyurethanes, styrenic block, epoxy, EVA and others. The market estimates and forecast for adhesives are only for formulated adhesives, which exclude its binder application such as UF/PF particleboard, foundry resins, wall joint compound binder. The Latin American adhesives and sealants study have also excluded starch corrugated board adhesives, which is a bio-based application while estimating the Latin America for adhesives. The sealants market has been segmented based on product types comprising silicones, polyurethanes, acrylic, polyvinyl acetate and others including polysulfide and EVA. The Latin American adhesives and sealants study also analyses market attractiveness for all product segments of adhesives and sealants with the help of the market attractiveness tool. The study segments the market on an application basis, provides forecasts and estimates for each application segment in terms of revenue and volume over the forecast period from 2013 to 2019.
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For a more comprehensive view of Latin American adhesives and sealants market, a value chain analysis and Porter's five forces model is provided to throw light on the specifics of the industry structure besides giving an overview of the degree of competitiveness. The Latin American adhesives and sealants report also include detailed profiles of key players such as 3M Company, Henkel AG, BASF SA, The Dow Chemical Company, Avery Dennison and Ellsworth Adhesives among others. The detailed description of players includes parameter such as company overview, financial overview, business strategies and SWOT analysis and recent developments of the company.
Secondary sources referred for Latin American adhesives and sealants study include but are not limited to, PCI, ICIS, Adhesives magazine, FECIA, Coatings World magazine, BASA online and Adhesives and Sealant Council among others. Primary research represents the bulk of research efforts, supplemented by extensive secondary research.
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