South & Central America Sealants Market Forecast to 2031 - Regional Analysis - by Type, Application, and End-Use Industry

Description

List of Tables

The South & Central America sealants market was valued at US$ 325.12 million in 2023 and is anticipated to reach US$ 411.29 million by 2031; it is estimated to register a CAGR of 3.0% from 2023 to 2031.

Strategic Product Launches in the Sealants Market Fuel South & Central America Sealants Market

Key manufacturers operating in the sealants market invest significantly in strategic development initiatives such as product innovation, business expansion, and research and development to enhance their market position and attract a wide customer base. In March 2023, Dow expanded its product portfolio with silicone sealant products to offer photovoltaic (PV) module assembly materials, supporting the global movement toward renewable energy. The DOWSIL PV product line contains six silicone-based sealants and adhesives solutions that offer durability and performance for frame sealing, rail bonding, junction box bonding and potting, and building integrated photovoltaics (BIPV) installation materials.

In 2022, Bostik launched a comprehensive range of sealants developed for construction applications. The Bostik Pro Sealants range features high and low modulus formulations, and it offers high performance, made available in post-consumer recycled cartridges, reducing the net effect of plastic on the environment. In 2022, Evonik launched the sustainable liquid polybutadienes with POLYVEST eCO, used as a raw material for the production of adhesives and sealants for application in end-use industries such as automotive, electronics, construction, and others. Thus, rising product innovations are expected to create lucrative opportunities in the South & Central America sealants market during the forecast period.

South & Central America Sealants Market Overview

The Brazilian government has taken a huge privatization initiative through various concession auctions and regulatory reforms to attract financers for the development of its infrastructure sector. This initiative fuels the Brazilian construction industry, triggering the demand for construction materials, including sealants. According to a report by the International Trade Administration, in 2022, the Brazilian Ministry of Finance and banking system issued credit lines to construct ~530,000 new residential units. As per OICA, Brazil produced 2.25 million commercial vehicles in 2021, i.e., ~12% higher than the production volumes recorded in 2020. Hence, the rapid growth of the automotive industry fuels the sealants market progress in Brazil.

South & Central America Sealants Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Sealants Market Segmentation

The South & Central America sealants market is categorized into type, application, end-use industry, and country.

By type, the South & Central America sealants market is segmented into silicone sealants, polyurethane sealants, acrylic sealants, polysulfide sealants, butyl sealants, hybrid sealant, and others. The silicone sealants segment held the largest market share in 2023. Furthermore, hybrid sealant is divided into silane modified polymer sealants, polyurethane modified acrylic sealants, and others.

In terms of application, the South & Central America sealants market is categorized into waterproofing, insulation, bonding and sealing, soundproofing, and others.

Based on end-use industry, the South & Central America sealants market is segmented into building & construction, automotive, electronics, healthcare, aerospace & defense, marine, energy & power, and others.

By country, the South & Central America sealants market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America sealants market share in 2023.

3M Co, ACTEGA DS GmbH, Arkema SA, BASF SE, Dow Inc, HB Fuller Co, Henkel AG & Co KGaA, Momentive Performance Materials Inc, RPM International Inc, and Sika AG are some of the leading companies operating in the South & Central America sealants market.

Product Code: BMIRE00031420

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. South & Central America Sealants Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Intensity of Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Sealants Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End-Use Industries

5. South & Central America Sealants Market - Key Market Dynamics

5.1 South & Central America Sealants Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Growing Building & Construction Industry
- 5.2.2 Rising Demand in Automotive Industry
5.3 Market Restraints
- 5.3.1 Fluctuations in Raw Material Prices
5.4 Market Opportunities
- 5.4.1 Strategic Product Launches in the Sealants Market
5.5 Future Trends
- 5.5.1 Development of Renewable Sealants
5.6 Impact of Drivers and Restraints:

6. Sealants Market - South & Central America Analysis

6.1 South and Central America Sealants Market Overview
6.2 South & Central America Sealants Market Volume (Kilo Tons), 2021-2031
6.3 South & Central America Sealants Market Volume Forecast and Analysis (Kilo Tons)
6.4 South & Central America Sealants Market Revenue (US$ Million), 2023-2031
6.5 South & Central America Sealants Market Forecast and Analysis

7. South & Central America Sealants Market - by Type

7.1 Silicone Sealants
- 7.1.1 Overview
- 7.1.2 Silicone Sealants: Sealants Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.1.3 Silicone Sealants: Sealants Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Polyurethane Sealants
- 7.2.1 Overview
- 7.2.2 Polyurethane Sealants: Sealants Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.2.3 Polyurethane Sealants: Sealants Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Acrylic Sealants
- 7.3.1 Overview
- 7.3.2 Acrylic Sealants: Sealants Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.3.3 Acrylic Sealants: Sealants Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Polysulfide Sealants
- 7.4.1 Overview
- 7.4.2 Polysulfide Sealants: Sealants Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.4.3 Polysulfide Sealants: Sealants Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Butyl Sealants
- 7.5.1 Overview
- 7.5.2 Butyl Sealants: Sealants Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.5.3 Butyl Sealants: Sealants Market - Revenue and Forecast to 2031 (US$ Million)
7.6 Hybrid Sealants
- 7.6.1 Overview
- 7.6.2 Hybrid Sealants: Sealants Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.6.3 Hybrid Sealants: Sealants Market - Revenue and Forecast to 2031 (US$ Million)
- 7.6.4 Silane Modified Polymer Sealants
  - 7.6.4.1 Silane Modified Polymer Sealants: Sealants Market - Volume and Forecast to 2031 (Kilo Tons)
  - 7.6.4.2 Silane Modified Polymer Sealants: Sealants Market - Revenue and Forecast to 2031 (US$ Million)
- 7.6.5 Polyurethane Modified Acrylic Sealants
  - 7.6.5.1 Polyurethane Modified Acrylic Sealants: Sealants Market - Volume and Forecast to 2031 (Kilo Tons)
  - 7.6.5.2 Polyurethane Modified Acrylic Sealants: Sealants Market - Revenue and Forecast to 2031 (US$ Million)
- 7.6.6 Others
  - 7.6.6.1 Others: Sealants Market - Volume and Forecast to 2031 (Kilo Tons)
  - 7.6.6.2 Others: Sealants Market - Revenue and Forecast to 2031 (US$ Million)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Sealants Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.7.3 Others: Sealants Market - Revenue and Forecast to 2031 (US$ Million)

8. South & Central America Sealants Market - by Application

8.1 Waterproofing
8.2 Insulation
8.3 Bonding and Sealing
8.4 Soundproofing
8.5 Others
8.6 South & Central America Silicone Sealants Market - by Application
8.7 South & Central America Polyurethane Sealants Market - by Application
8.8 South & Central America Acrylic Sealants Market - by Application
8.9 South & Central America Polysulfide Sealants Market - by Application
8.10 South & Central America Butyl Sealants Market - by Application
8.11 South & Central America Hybrid Sealants Market - by Application

9. South & Central America Sealants Market - by End-Use Industry

9.1 Building and Construction
9.2 Automotive
9.3 Electronics
9.4 Healthcare
9.5 Aerospace and Defense
9.6 Marine
9.7 Energy and Power
9.8 Others
9.9 South & Central America Silicone Sealants Market - by End-Use Industry
9.10 South & Central America Polyurethane Sealants Market - by End-Use Industry
9.11 South & Central America Acrylic Sealants Market - by End-Use Industry
9.12 South & Central America Polysulfide Sealants Market - by End-Use Industry
9.13 South & Central America Butyl Sealants Market - by End-Use Industry
9.14 South & Central America Hybrid Sealants Market - by End-Use Industry

10. South & Central America Sealants Market - by Country

10.1 South and Central America Sealants Market, by Key Countries- Revenue (2023) ( US $ Million)
- 10.1.1 South and Central America Sealants Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.1 South and Central America Sealants Market Volume and Forecast and Analysis - by Country
  - 10.1.1.2 South and Central America Sealants Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.3 Brazil Sealants Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 Brazil Sealants Market Breakdown by Type
      - 10.1.1.3.1.1 Brazil Sealants Market Breakdown by Silicone Application
      - 10.1.1.3.1.2 Brazil Sealants Market Breakdown by Polyurethane Application
      - 10.1.1.3.1.3 Brazil Sealants Market Breakdown by Acrylic Application
      - 10.1.1.3.1.4 Brazil Sealants Market Breakdown by Polysulfide Application
      - 10.1.1.3.1.5 Brazil Sealants Market Breakdown by Butyl Application
      - 10.1.1.3.1.6 Brazil Sealants Market Breakdown by Hybrid Application
      - 10.1.1.3.1.7 Brazil Sealants Market Breakdown by Silicone End-use Industry
      - 10.1.1.3.1.8 Brazil Sealants Market Breakdown by Polyurethane End-use Industry
      - 10.1.1.3.1.9 Brazil Sealants Market Breakdown by Acrylic End-use Industry
      - 10.1.1.3.1.10 Brazil Sealants Market Breakdown by Polysulfide End-use Industry
      - 10.1.1.3.1.11 Brazil Sealants Market Breakdown by Butyl End-use Industry
      - 10.1.1.3.1.12 Brazil Sealants Market Breakdown by Hybrid End-use Industry
  - 10.1.1.4 Argentina Sealants Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 Argentina Sealants Market Breakdown by Type
      - 10.1.1.4.1.1 Argentina Sealants Market Breakdown by Silicone Application
      - 10.1.1.4.1.2 Argentina Sealants Market Breakdown by Polyurethane Application
      - 10.1.1.4.1.3 Argentina Sealants Market Breakdown by Acrylic Application
      - 10.1.1.4.1.4 Argentina Sealants Market Breakdown by Polysulfide Application
      - 10.1.1.4.1.5 Argentina Sealants Market Breakdown by Butyl Application
      - 10.1.1.4.1.6 Argentina Sealants Market Breakdown by Hybrid Application
      - 10.1.1.4.1.7 Argentina Sealants Market Breakdown by Silicone End-use Industry
      - 10.1.1.4.1.8 Argentina Sealants Market Breakdown by Polyurethane End-use Industry
      - 10.1.1.4.1.9 Argentina Sealants Market Breakdown by Acrylic End-use Industry
      - 10.1.1.4.1.10 Argentina Sealants Market Breakdown by Polysulfide End-use Industry
      - 10.1.1.4.1.11 Argentina Sealants Market Breakdown by Butyl End-use Industry
      - 10.1.1.4.1.12 Argentina Sealants Market Breakdown by Hybrid End-use Industry
  - 10.1.1.5 Rest of South and Central America Sealants Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.5.1 Rest of South and Central America Sealants Market Breakdown by Type
      - 10.1.1.5.1.1 Rest of South and Central America Sealants Market Breakdown by Silicone Application
      - 10.1.1.5.1.2 Rest of South and Central America Sealants Market Breakdown by Polyurethane Application
      - 10.1.1.5.1.3 Rest of South and Central America Sealants Market Breakdown by Acrylic Application
      - 10.1.1.5.1.4 Rest of South and Central America Sealants Market Breakdown by Polysulfide Application
      - 10.1.1.5.1.5 Rest of South and Central America Sealants Market Breakdown by Butyl Application
      - 10.1.1.5.1.6 Rest of South and Central America Sealants Market Breakdown by Hybrid Application
      - 10.1.1.5.1.7 Rest of South and Central America Sealants Market Breakdown by Silicone End-use Industry
      - 10.1.1.5.1.8 Rest of South and Central America Sealants Market Breakdown by Polyurethane End-use Industry
      - 10.1.1.5.1.9 Rest of South and Central America Sealants Market Breakdown by Acrylic End-use Industry
      - 10.1.1.5.1.10 Rest of South and Central America Sealants Market Breakdown by Polysulfide End-use Industry
      - 10.1.1.5.1.11 Rest of South and Central America Sealants Market Breakdown by Butyl End-use Industry
      - 10.1.1.5.1.12 Rest of South and Central America Sealants Market Breakdown by Hybrid End-use Industry

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Product News & Company News
12.3 Collaboration and Mergers & Acquisitions
12.4 Expansion

13. Company Profiles

13.1 3M Co
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Sika AG
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Dow Inc
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 BASF SE
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 RPM International Inc
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Momentive Performance Materials Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Arkema SA
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 HB Fuller Co
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Henkel AG & Co KGaA
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 ACTEGA DS GmbH
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners