Latin America Adhesives and Sealants Market for Building and Construction is Expected to Reach USD 235.3 million and USD 79.02 million respectively by 2019: Transparency Market Research

January 21, 2014

ALBANY, New York, January 21, 2014 /PRNewswire/ –

According to a new market report published by Transparency Market Research “Latin
America Adhesives and Sealants Market for Building and Construction – Industry Analysis,
Size, Share, Growth, Trends and Forecast 2013 – 2019″, the Latin America adhesives market
was valued at USD 154.6 million in 2012 and is expected to reach USD 235.3 million by
2019, growing at a CAGR of 6.2% over the forecast period from 2013 to 2019. The Latin
America sealants market was valued at USD 53.49 million in 2012 and is expected to reach
USD 79.02 million by 2019 growing at a CAGR of 5.8% from 2013 to 2019.

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Growing economy and government expenditure on infrastructure development in emerging
economies such as Brazil, Colombia, Mexico and Argentina is expected to boost the market
for adhesives and sealants during the forecast period. However the volatile raw material
prices coupled with environmental concerns regarding the use of synthetic (petroleum-based
) adhesives and sealants are expected to hinder the market growth over the forecast
period.In order to reduce reliance on synthetic adhesives and sealants, major
manufacturers such as The Dow Chemical Company, Henkel and Danimer Scientific LLC among
others have been shifting their focus towards developing bio-based adhesives and sealants.

Acrylic and polyvinyl acetate (PVA) based adhesives together accounted for more than
47%of the total Latin America adhesives market for building and construction in 2012.
These adhesives find wide applications in construction industry for roofing, paneling,
laminates, structural as well as non-structural assemblies among others. Owing to its fast
setting properties, acrylic-based adhesives is expected to be the fastest growing segment
of the market with an estimated CAGR of 6.3% from 2013 to 2019. Acrylic-based sealants
dominated the overall sealants market in 2012 and accounted for 25% of the market share.

Water proofing systems emerged as the largest application segment of adhesives as well
as sealantsand accounted for nearly 34% of the overall market in 2012. Itis also expected
to be the fastest growing market for adhesives and sealantsat an estimated CAGR of 5.8%
and 5.2% respectively, from 2013 to 2019.Growingforeign investments into Brazil have
spurred the growth in infrastructure development in the Latin Americancountries.
Upcomingevents such as the FIFA World Cup 2014 and Olympic Games in 2016 are expected to
increase the demand for sealants from construction industry in Brazil.

Brazil dominated the adhesives and the sealants market with over 50% and 74 % of the
Latin America market, respectively in 2012.Along with being the largest market, Brazil is
also expected to be the fastest growing market at an estimated CAGR of 5.8% and 5.4% over
the forecast period, for adhesives and sealants, respectively from 2013 to 2019. Other
Latin American countries such as Mexico and Argentina are expected to witness moderate
growth rate in the near future.

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Some of the key manufacturers of adhesives and sealants include 3M Company, Avery
Dennison Corporation, Henkel AG., H.B Fuller Company, BASF SE, Bostik SA, UNISEAL Inc.,
Ellsworth Adhesives and Dow Chemical Company among others.

The report segments the Latin America adhesives market as,

Adhesives Market: Product Segment Analysis,

        - Acrylic
        - PVA
        - Polyurethanes
        - Epoxy
        - Other (including Silicones, Polyisobutylene, etc.)

Adhesives Market: Application Segment Analysis,

        - Water Proofing Systems
        - Cement
        - Other (including Countertop lamination, structural glazing, etc.)

Adhesives Market: Regional Analysis,

        - Brazil
        - Mexico
        - Argentina
        - Colombia
        - Rest of the Latin America

The report segments the Latin AmericaSealants market as,

Sealants Market: Product Segment Analysis,

        - Silicones
        - Epoxy
        - Acrylic
        - SBR
        - Other (including polysulphide, EVA, etc.)

Sealants Market: Application Segment Analysis,

        - Water Proofing Systems
        - Cement
        - Other (including Facades, Interior laminates, etc.)

Sealants Market: Regional Analysis,

        - Brazil
        - Mexico
        - Argentina
        - Colombia
        - Rest of the Latin America

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