Brazil along with being the largest market is also the fastest growing market for sealants at an estimated CAGR of 5.1% from 2013 to 2019
Adhesive refers to a binding substance applied to the surface of materials to avoid separation. Adhesives are available in natural and synthetic form and can be classified as reactive and non-reactive types. Sealants are available in the form of a viscous material with little or no flow to allow easy penetration of substrate. Although the basic application is the same, sealants differ from adhesives as they lack strength and elongation. Sealants are preferred if they are insoluble, resistant to corrosion and provide appropriate adhesion.
The adhesives and sealants market in Latin America is expected to be driven by the growth in end user industries such as automobiles and construction where adhesives and sealants are used in panel laminating, flooring, insulation, facades, coating, and lamination amongst other functionalities. Moreover, developing technology coupled with a wide range of applications of adhesives and sealants is expected to boost the market growth in the coming future.