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

The South America reactive 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 is the rapid growth of the solar electricity market in the region.

• Growing popularity of heat resistant products is expected to provide a major growth opportunity for the market studied.
• South America accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
• Among the end-user industries, renewable energy industry is expected to witness the highest growth rate during the forecast period.

Key Market Trends

Renewable Energy Industry to Witness the Highest Growth Rate

• The consumption of wind energy has been significantly increasing in the region in the past few years.
• Wind energy offers many advantages over traditional energy sources which include unlimited & free energy, clean and non-polluting way to generate electricity. Unlike other types of power plants, it emits no air pollutants or greenhouse gases.
• Reactive adhesives are used to bond blades together. They offer a solution of reduced weight, as well as providing benefits in reduced assembly time and corrosion protection.
• The installed wind power capacity in the region has witnessed a significant growth in the recent years owing to the growing environmental consciousness.
• Hence, owing to the above-mentioned factors, wind turbines industry is likely to witness the highest growth rate during the forecast period.

Brazil to Dominate the Market

• Brazil accounts for the major share of the South America reactive adhesives market currently owing to the high demand from transportation, aerospace, and construction.
• Brazil has the largest automotive industry in South America and the high automotive production results a high demand for reactive adhesives in the country. However, the recent slowdown of the automotive industry is expected to negatively affect the market studied in the coming years.
• The growing aerospace and construction industries of the country are some of the key factors driving the demand for reactive adhesives in the country.
• Hence, owing to the above-mentioned factors, Brazil is expected to dominate the market studied during the forecast period.

Competitive Landscape

The South America reactive adhesives market is moderately fragmented as the market share is divided among a large number of players. Some of the key players in the market include 3M, Sika AG, Arkema Group, H.B.Fuller Company, and Henkel AG & Co. KGaA, among others.

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