[FURL=https://www.industryarc.com/Report/18928/south-america-laminating-adhesives-market?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]South America Laminating Adhesives Market[/FURL] size is expected to be valued at US$509.1 million by the end of the year 2026 and is set to grow at a CAGR of 4.3% during the forecast period from 2021-2026. Laminating adhesives offer various advantages such as excellent chemical & heat resistance, excellent machine performance, wettability, high initial & bond strength, high slip, good transparency and compatibility suitable in various applications. This is highly driving the demand for laminating adhesives in the South America region.Key Takeaways
Brazil market held the largest share in the South America laminating adhesives market owing to the development of various key-use industries such as construction, automobile and healthcare industries.
The increase in the demand from the medical industry, especially during the Covid-19 pandemic has led to the hike in the production and sales of South America laminating adhesives.
The increase in demand for solvent-based adhesives owing to its various properties such as high bond strength and lesser cure time from key use industries such as packaging industry, building & construction industry and other industries is driving the demand for South America laminating adhesives market.
Amid the Covid-19 pandemic, the South America laminating adhesives market witnessed a considerable amount of growth owing to the increase in the use of laminating adhesives in the medical packaging and other medical applications.
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South America Laminating Adhesives Market Segment Analysis – By Geography
Brazil held the largest share of 39% in the South America laminating adhesives market in the year 2020. According to International Trade Administration, the Government of Brazil was increasing the investment in infrastructure projects at US$1 billion for ports, US$14 billion in rail, US$2.5 billion in airports and US$36 billion in highways. This is driving the building and construction industry in Brazil, which is increasing the demand for laminating adhesives market as solvent-based adhesives and polyurethane adhesives are widely used in the building and construction sector.
South America Laminating Adhesives Market Drivers
Increase in demand from Flexible Packaging Industry
Increasing application in the food and beverages industry
Major players in South America Laminating Adhesives Market include KLEBCHEMIE M. G. Becker GmbH & Co. KG, Eastman Chemical Company, H.B Fuller Company, MACTAC, SIKA AG, Ashland Global Specialty Chemicals Inc., 3M, Arkema Group (Bostik), FLEXcon, Coim Group among others.
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