Brazil Construction Industry to Lead Demand for Adhesives and Sealants in Latin America – Market Insights

Adhesive refers to a binding substance applied to the surface of materials to bind them together, while sealants are materials with little or no flow used to seal joints between the surfaces. Adhesives and sealants are available in natural as well as synthetic forms.

Transparency Market Research, a leading U.S.-based market research firm, analyses the Latin America adhesives and sealants market for building and construction applications and predicts a high compounded annual growth rate between 2013 and 2019. Growing Brazilian construction industry is expected to drive demand for adhesives and sealants in Latin America.

Browse  Full Latin America Adhesives and Sealants Market report with complete TOC: http://www.transparencymarketresearch.com/latin-america-adhesives-sealants.html

Adhesives and sealants are used in a wide range of applications across various industries such as automotives, construction, packaging and electronics. Adhesives and sealants have helped enhance the efficiency of various construction procedures and improve the aesthetic appeal of the building. Adhesives and sealants can be mixed with construction materials, which reduce the need of fixtures like clamps and nails for support.

Growing economy and government expenditure on infrastructure development in emerging economies such as Brazil, Columbia, Mexico and Argentina are expected to boost the market for adhesives during the forecast period. However, volatility in raw material prices coupled with environmental concerns regarding the use of synthetic (petroleum-based) adhesives and sealants is expected to hinder the market growth over the forecast period.

Brazil continued dominating the adhesives market in Latin America and accounted for more than half of the total volume in 2012. Brazil, along with being the largest market, is also the fastest growing market for adhesives and sealants from 2013 to 2019. Brazil is all set to host the FIFA World Cup in 2014 and the Olympic Games in 2016. These events have been prompting the growth of construction activities in Brazil. This is expected to drive the market for adhesives over the forecast period. Brazil was followed by Mexico and Argentina as major markets promising growth for adhesives and sealants in the building and construction market.

Water proofing systems were the dominant application for adhesives and sealants in the Latin America building and construction market. Water proofing systems accounted for more than a third of the Latin America building and construction market demand. Cement was another major application for adhesives and sealants in Latin America. Other construction applications for adhesives and sealants include countertop lamination, non-structural applications, drywall lamination, HVAC, structural glazing, facades and other decorative applications.

Key players in the market include 3M Company, Henkel AG & Co. KGaA, HB Fuller, Avery Dennison, BASF SE, Dow Chemical Company and Bostik SA among others.

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Sharmishtha
I am Sharmishtha. I have completed my graduation in Physics and Photography from Fergusson College, Pune. I am currently working as a research associate in Europlat.Org.

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