South America Electronics Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The South America electronics adhesives market is expected to grow at with a CAGR greater than 6% during the forecast period. One of the major factors driving the market is the growing technological advancements in the electronics industry. However, Regulations related to the VOCs is hindering the growth of the market studied.

• Growing demand and penetration of electric vehicles is expected to provide a major growth opportunity for the market studied.
• Brazil accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
• Among the application areas, surface mounting is expected to dominate the market studied during the forecast period.

Key Market Trends

Surface Mounting Application to Dominate the Market

• Surface mounting, also known as chip bonding, accounts for the highest share of the South America electronic adhesives industry.
• The major types of adhesives used in this application include mostly one-component systems, made from acrylics, epoxies, or urethane acrylates, and can be either electrically or thermally conductive.
• These adhesives used have superior physical and chemical quality which helps them to have a long shelf life, a high wet strength, rapid curing, strength, and flexibility.
• This surface mounting adhesives are used to hold SMT components on a substrate that requires double-sided processing before it goes into a solder reflow or wave solder process. Additionally, they are used to add extra holding power for larger components exposed to high shock environments.
• Hence, owing to the above-mentioned reasons, the surface mounting application is likely to dominate the market studied during the forecast period.

Brazil to Dominate the Market

• Brazil currently accounts for the highest market share of the South America electronics adhesives market. Brazil has some of the largest electronics manufacturing plants in Latin America.
• Additionally, the region is expected to have a strong base in electric vehicle production; among the automakers to be selling or considering to sell electric vehicles (EV) and hybrids in Brazil in Toyota, Volkswagen, Hyundai, Nissan, Chevrolet, Volvo, and BMW.
• Revival of automotive industry clubbed with advent of electrical vehicles is expected to help propel the growth of the market studied in the country.
• Hence, owing to the above-mentioned factors, Brazil is likely to dominate the market studied during the forecast period.

Competitive Landscape

The South America electronics adhesives market is moderately consolidated as the market of the market share is divided among a few players. Some of the key players in the market include Henkel AG & Co. KGaA, Dow, H.B. Fuller Company, 3M, and BASF SE, among others.

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