DUBLIN--(BUSINESS WIRE)--The "South America Contact Adhesives - Segmented by Technology, Polymer, End-User Industry, and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The South America contact adhesives market is expected to witness a CAGR of ~3.19%, during the forecast period, 2018 - 2023. Brazil dominated the South America contact adhesives market in 2017, with a market share of around 48%.
Over the past few years, contact adhesives have become a significant technology component of automotive applications, as they are continuously replacing traditional bonding or adhesion methods. Unlike traditional manufacturing methods, adhesives offer the advantage of flexibility during the production process of automotive components. In addition, they also aid in reducing the processing and set up time, as they can be applied easily and at a relatively high speed. Automotive production in South America increased by more than 20% in 2017, with around 541 thousand units produced in 2017.
As per the National Federation of Automotive Distributors, new automobile sales increased by 23.14% in January, 2018, in Brazil. This is primarily due to the renewed expectations due to improvement of the economic indexes directly influences consumer confidence and favor the automotive industry.
The Brazilian government is investing heavily in the R&D sector, with public universities and research institutes carrying out such activities. This made Brazil the technological center of South America and its R&D is gaining global recognition. Brazil, which is facing a recession in the current period, has slowly started to climb the path of recovery. The construction sector in the country has started to recover, the automotive industry is growing at a significant pace, shoe-manufacturing industry has started to grow at a steady pace, and there is even continuous demand from the packaging and furniture industries.
- Arkema Group
- Collano Adhesives AG
- H.B. Fuller
- Henkel AG & Co. KGaA
- Huntsman Corporation
- ITW Performance Polymers
- Jowat AG
- Mapei SPA
- Pyrotek Inc
- Sika AG
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. South America Market Analysis
7. Competitive Landscape
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/78fmfw/south_america?w=4.