South America Adhesive Tapes Market

Market Introduction

The adhesives tapes market in SAM is segmented into Brazil, Argentina, and the Rest of SAM. SAM is contributing to the growth of the adhesive tapes market owing to the diversification of the application base. The changing economic condition in the region due to the growing packaging, construction, automotive, electronics, and other industries and increasing governments support to boost industrial outcomes provides a significant growth prospect for the adhesive tapes market players in SAM. The continuous developments have had a positive impact on Brazil and Argentina's economy that has advanced to a large extent. The increase in population has led to an increase in the consumption of products, which is going to increase the demand for packaging and positively impact the Brazil and Argentina's adhesive tapes market growth. Adhesive tapes are used in a variety of additional packaging applications, including toys, home goods, and medical equipment. Replacing mechanical fasteners with adhesive tape and wide range of applications of adhesive tapes are the major factor driving the growth of the SAM adhesive tapes market.   

In SAM, Brazil recorded the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina. Governments in SAM have taken an array of actions to protect their citizens and contain the virus spread. Thus, the region is facing lower export revenues, both from the drop-in commodity prices and reduction in export volumes—especially to China, Europe, and the US, which are important trade partners. Containment measures in several SAM countries would reduce economic activities in the chemical & materials sector for at least the next quarter, with a rebound once the epidemic is contained. Furthermore, many businesses have begun to actively market the product to broaden their customer base and reduce business impact.

Market Overview and Dynamics

The SAM adhesive tapes market is expected to grow from US$ 2,245.52 million in 2021 to US$ 2,960.97 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028. The adhesive tapes market in the region is witnessing growth due to the wide utilization of adhesive tapes in several industries, such as automotive, building and construction, paper, and printing, and electrical and electronics, by countries across the region. Furthermore, the market in the region is primarily significantly affected by the economic dynamics of several countries. However, with the rising foreign direct investments in the industrial development, the current scenario of automotive industry is gradually changing. Countries in the region are observing high growth in the automotive and aviation industries.  Adhesive tape is mainly used to assemble various components to protect the production line process. These tapes are usually used to grasp screws and bolts so that seats and dashboards can be easily fixed in their places. Further, adhesive tapes are used in seat heating elements, foam and fabric attachment on the instrument panel, steering wheel wrapping, and mounting rubber and plastic profiles in the vehicle interior. Thus, the growing demand for adhesive tapes from the automotive industry in the region fuels the growth of the SAM adhesive tapes market.

Key Market Segments

In terms of resin type, the rubber segment accounted for the largest share of the SAM adhesive tapes market in 2020. In terms of technology, the solvent-based adhesive tapes segment held a larger market share of the SAM adhesive tapes market in 2020. In terms of tape backing material, the polypropylene (PP) segment held a larger market share of the SAM adhesive tapes market in 2020. Further, the automotive segment held a larger share of the SAM adhesive tapes market based on application in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the SAM adhesive tapes market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 3M, Avery Dennison Corporation, Berry Global Inc., LINTEC Corporation, Lohmann GmbH & Co.KG, Nitto Denko Corporation, Scapa, and tesa SE.

Reasons to buy report

• To understand the SAM adhesive tapes market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM adhesive tapes market 
• Efficiently plan M&A and partnership deals in SAM adhesive tapes market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM adhesive tapes market
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM Adhesive Tapes Market Segmentation

SAM Adhesive Tapes Market - By Resin Type

• Acrylic
• Rubber
• Silicone
• Others

SAM Adhesive Tapes Market - By Technology

• Water-Based Adhesive Tapes
• Solvent-Based Adhesive Tapes
• Hot-Melt- Based Adhesive Tapes

SAM Adhesive Tapes Market - By Tape Backing Material

• Polypropylene (PP)
• Paper
• Polyvinyl Chloride (PVC)
• Others

SAM Adhesive Tapes Market - By Application

• Packaging
• Healthcare
• Automotive 
• Electrical and Electronics
• Building and Construction
• Others

SAM Adhesive Tapes Market - By Country

• Brazil
• Argentina 
• Rest of SAM

SAM Adhesive Tapes Market - Company Profiles

• 3M
• Avery Dennison Corporation
• Berry Global Inc.
• LINTEC Corporation
• Lohmann GmbH & Co.KG
• Nitto Denko Corporation
• Scapa 
• tesa SE 

South America Adhesive Tapes Market Strategic Insights

South America Adhesive TapesMarket Report Highlights

South America Adhesive Tapes Market Country and Regional Insights