South & Central America Wood Adhesives Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The wood adhesives market in South and Central America is projected to grow from USD 152.91 million in 2023 to USD 198.72 million by 2031, reflecting a compound annual growth rate (CAGR) of 3.3% during this period.

Executive Summary and Market Analysis

The region is witnessing rapid urbanization and infrastructure development, leading to a surge in construction activities. This growth is driven by the need for new housing, commercial buildings, and public infrastructure to support the increasing population. Wood adhesives play a crucial role in the production of engineered wood products like plywood and particleboard, which are widely used in construction. As construction projects expand, the demand for wood adhesives is expected to rise significantly. Additionally, the growing consumer preference for aesthetically pleasing designs and increased investments in construction are further propelling the market.

Wooden flooring is becoming increasingly popular in Latin America, particularly in the construction of resorts and luxury hotels, where it is favored for its aesthetic appeal and low maintenance requirements. The tourism sector's expansion in countries like Chile is creating substantial opportunities for the wood adhesives market, as more hotels and resorts are built to cater to tourists.

Market Segmentation Analysis

The South and Central America wood adhesives market can be segmented by resin type, technology, and application:

Resin Type: The market is divided into natural and synthetic resins, with synthetic resins holding a larger market share in 2023.
Technology: The market is categorized into solvent-based, water-based, and other technologies, with water-based adhesives dominating the market in 2023.
Application: Key applications include furniture, plywood, flooring, doors and windows, with furniture being the largest segment in 2023.

Market Outlook

There is a growing focus on sustainable and eco-friendly materials in various industries, driven by the increasing use of these materials in commercial applications. The availability of natural raw materials for producing eco-friendly polymers is enhancing their supply and demand. Rising awareness of the environmental and social impacts of synthetic chemicals is prompting consumers to prefer renewable wood adhesives. Strict government regulations on toxic chemicals are encouraging manufacturers to develop non-toxic alternatives and green products, aligning with global sustainability goals.

The shift towards sustainability and a circular economy is leading to increased research and development of innovative sustainable wood adhesives. In 2023, Henkel AG & Co KGaA launched two new wood adhesives made from bio-based materials, significantly reducing CO2 emissions compared to traditional fossil-based options. Similarly, Garnica introduced Naturbind, a high-performance bio-based adhesive derived from tannin that is formaldehyde-free and certified for high indoor air quality. This trend of replacing petroleum-based polymers with eco-friendly materials is expected to shape the wood adhesives market in the coming years.

Country Insights

The South and Central America wood adhesives market includes Brazil, Argentina, and other countries in the region, with Brazil holding the largest market share in 2023. The robust residential and commercial sectors in Brazil are key drivers of the wood adhesives market. Brazil is a leading furniture producer in the region, benefiting from lower production costs. The booming construction industry is anticipated to further stimulate the furniture market, thereby increasing the demand for wood adhesives. According to a report by the International Trade Administration, the Brazilian government and banking sector have initiated credit lines for the construction of over 530,000 new residential units in 2023, which will likely boost the demand for wood adhesives.

Company Profiles

Key players in the wood adhesives market include Henkel AG & Co KGaA, 3M Co, Sika AG, Arkema SA, Dow Inc, H.B. Fuller Company, Akzo Nobel NV, Aica Kogyo Co. Ltd, Pidilite Industries Ltd, Mapei SpA, Jubilant Industries Ltd, Franklin International, Jowat SE, STAUF Klebstoffwerk GmbH, RPM International Inc, Huntsman Corp, Follmann GmbH and Co KG, Bolton Group S.r.l, Wacker Chemie AG, and IFS Industries Inc. These companies are employing various strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative products to consumers.

Product Code: BMIRE00032140

1. Introduction

1.1 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 Wood Adhesives Market Landscape

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

5. South & Central America Wood Adhesives Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Consumer Focus on Preventive Health
- 5.1.2 Innovations and Strategic Developments by Market Players
5.2 Market Restraints
- 5.2.1 Complexity of Regulations
5.3 Market Opportunities
- 5.3.1 Rising Penetration of E-Commerce
5.4 Future Trends
- 5.4.1 Plant-Based and Organic Nutraceuticals
5.5 Impact of Drivers and Restraints:

6. Wood Adhesives Market - South & Central America Analysis

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

7. South & Central America Wood Adhesives Market Volume and Revenue Analysis - by Resin Type

7.1 Natural
- 7.1.1 Overview
- 7.1.2 Natural: South & Central America Wood Adhesives Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.1.3 Natural: South & Central America Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Synthetic
- 7.2.1 Overview
- 7.2.2 Synthetic: South & Central America Wood Adhesives Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.2.3 Synthetic: South & Central America Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. South & Central America Wood Adhesives Market Revenue Analysis - by Technology

8.1 Solvent-based
- 8.1.1 Overview
- 8.1.2 Solvent-based: South & Central America Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Water-based
- 8.2.1 Overview
- 8.2.2 Water-based: South & Central America Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Others
- 8.3.1 Overview
- 8.3.2 Others: South & Central America Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. South & Central America Wood Adhesives Market Revenue Analysis - by Application

9.1 Furniture
- 9.1.1 Overview
- 9.1.2 Furniture: South & Central America Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Plywood
- 9.2.1 Overview
- 9.2.2 Plywood: South & Central America Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.3 Flooring
- 9.3.1 Overview
- 9.3.2 Flooring: South & Central America Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.4 Doors and Windows
- 9.4.1 Overview
- 9.4.2 Doors and Windows: South & Central America Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: South & Central America Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. South & Central America Wood Adhesives Market - Country Analysis

10.1 South & Central America
- 10.1.1 South & Central America Wood Adhesives Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.1 South & Central America Wood Adhesives Market Volume and Forecast and Analysis - by Country
  - 10.1.1.2 South & Central America Wood Adhesives Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.3 Brazil: South & Central America Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.3.1 Brazil: South & Central America Wood Adhesives Market Share - by Resin Type
    - 10.1.1.3.2 Brazil: South & Central America Wood Adhesives Market Share - by Technology
    - 10.1.1.3.3 Brazil: South & Central America Wood Adhesives Market Share - by Application
  - 10.1.1.4 Argentina: South & Central America Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.4.1 Argentina: South & Central America Wood Adhesives Market Share - by Resin Type
    - 10.1.1.4.2 Argentina: South & Central America Wood Adhesives Market Share - by Technology
    - 10.1.1.4.3 Argentina: South & Central America Wood Adhesives Market Share - by Application
  - 10.1.1.5 Rest of South & Central America: South & Central America Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.5.1 Rest of South & Central America: South & Central America Wood Adhesives Market Share - by Resin Type
    - 10.1.1.5.2 Rest of South & Central America: South & Central America Wood Adhesives Market Share - by Technology
    - 10.1.1.5.3 Rest of South & Central America: South & Central America Wood Adhesives Market Share - by Application

11. Competitive Landscape

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

12. Industry Landscape

12.1 Overview
12.2 Agreements, Collaborations, And Joint Ventures
12.3 Product Launch
12.4 Expansions And Other Strategic Developments

13. Company Profiles

13.1 Henkel AG & Co KGaA
- 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 3M Co
- 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 Sika AG
- 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 Arkema SA
- 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 Dow 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 H.B. Fuller Company
- 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 Akzo Nobel NV
- 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 Aica Kogyo Co. Ltd
- 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 Pidilite Industries Ltd
- 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 Mapei SpA
- 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
13.11 Jubilant Industries Ltd
- 13.11.1 Key Facts
- 13.11.2 Business Description
- 13.11.3 Products and Services
- 13.11.4 Financial Overview
- 13.11.5 SWOT Analysis
- 13.11.6 Key Developments
13.12 Franklin International
- 13.12.1 Key Facts
- 13.12.2 Business Description
- 13.12.3 Products and Services
- 13.12.4 Financial Overview
- 13.12.5 SWOT Analysis
- 13.12.6 Key Developments
13.13 Jowat SE
- 13.13.1 Key Facts
- 13.13.2 Business Description
- 13.13.3 Products and Services
- 13.13.4 Financial Overview
- 13.13.5 SWOT Analysis
- 13.13.6 Key Developments
13.14 STAUF Klebstoffwerk GmbH
- 13.14.1 Key Facts
- 13.14.2 Business Description
- 13.14.3 Products and Services
- 13.14.4 Financial Overview
- 13.14.5 SWOT Analysis
- 13.14.6 Key Developments
13.15 RPM International Inc
- 13.15.1 Key Facts
- 13.15.2 Business Description
- 13.15.3 Products and Services
- 13.15.4 Financial Overview
- 13.15.5 SWOT Analysis
- 13.15.6 Key Developments
13.16 Huntsman Corp
- 13.16.1 Key Facts
- 13.16.2 Business Description
- 13.16.3 Products and Services
- 13.16.4 Financial Overview
- 13.16.5 SWOT Analysis
- 13.16.6 Key Developments
13.17 Follmann GmbH and Co KG
- 13.17.1 Key Facts
- 13.17.2 Business Description
- 13.17.3 Products and Services
- 13.17.4 Financial Overview
- 13.17.5 SWOT Analysis
- 13.17.6 Key Developments
13.18 Bolton Group S.r.l
- 13.18.1 Key Facts
- 13.18.2 Business Description
- 13.18.3 Products and Services
- 13.18.4 Financial Overview
- 13.18.5 SWOT Analysis
- 13.18.6 Key Developments
13.19 Wacker Chemie AG
- 13.19.1 Key Facts
- 13.19.2 Business Description
- 13.19.3 Products and Services
- 13.19.4 Financial Overview
- 13.19.5 SWOT Analysis
- 13.19.6 Key Developments
13.20 IFS Industries Inc
- 13.20.1 Key Facts
- 13.20.2 Business Description
- 13.20.3 Products and Services
- 13.20.4 Financial Overview
- 13.20.5 SWOT Analysis
- 13.20.6 Key Developments

14. Appendix

14.1 About The Insight Partners