America Waterborne Adhesives Market Size & Share Report 2021–2028 | Growth Market Reports
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.
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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.
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.
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.
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.
Competitive Landscape
Key players competing in the South America waterborne adhesives market are 3M; Arkema Group; Dow; Henkel AG & Co.; KGaA; and Sika AG.
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