BRAZIL ADHESIVES MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 The market for adhesives in Brazil is anticipated to grow at a CAGR of 5.30%. In South America, Brazil has the highest glue usage rate. Adhesives are extensively used in the building, packaging, and other industries. Among the top consumers of adhesive in the nation are Volkswagen, Golabalpack, and MPD. The most significant end-user sector for adhesives is the packaging sector, which accounts for USD 614.4 million of the nation's total adhesives market. Top water-based technical adhesives are frequently used in packaging labelling applications to provide a bond between substrates made of plastic, metal, and paper. The least expensive type of adhesives is water-borne, which costs only half as much.\

Construction activity in Brazil directly affects the demand for construction adhesives and sealants there. Construction in Brazil was restricted until 2019 due to the delayed recovery from the 2015 recession and the unpredictability of the country's macroeconomic policy environment. 2% year-over-year growth was recorded in the building and construction sector in Brazil in Q2 2019 due to high demand from the civil construction industry. After 20 consecutive quarters of contraction, there was growth.

Major Players: 3M, Arkema Group, AVERY DENNISON CORPORATION, H.B. Fuller Company and Henkel AG & Co. KGaA


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