The Latin America, Middle East and Africa Composite Adhesive Market would witness market growth of 6.6% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 109.57 Kilo Tonnes, showcasing a growth of 6.7% (2023-2030).
Continuous research and development efforts drive innovations in composite adhesive technologies, leading to breakthroughs that further expand the market's capabilities and applications. Integrating nanotechnology in adhesive formulations has led to the development of nano-adhesives, offering superior bonding strength and enhanced properties. These adhesives leverage nanomaterials to achieve better adhesion at the molecular level, resulting in improved mechanical properties and durability. Additionally, the shift towards sustainable practices has spurred the development of bio-based and recyclable products.
Manufacturers are exploring renewable sources and eco-friendly formulations to create adhesives that meet performance standards and align with environmental conservation goals. These innovations cater to the increasing demand for greener alternatives in various industries. Moreover, one of the key responses to the call for sustainability has been the development of bio-based composite adhesives. Manufacturers are exploring renewable sources, such as plant-based materials, to derive the key components of adhesives. This move towards bio-based formulations reduces dependence on finite fossil resources and contributes to lowering greenhouse gas emissions associated with traditional adhesive production.
Brazil's economic growth, population expansion, and urbanization have historically driven demand for new infrastructure and residential and commercial construction. The construction industry can be further stimulated through government investments and initiatives in infrastructure projects, including the construction of public structures and roads. The rising construction activities in Brazil can contribute to increased demand for these products. As per the Agencia de Noticias of the Government of Brazil 2021, the construction sector generated R$377.8 billion in value in 2021, with R$355.8 billion in works and/or services and R$22.0 billion in developments, works, and/or services (5.8%). Therefore, the growing construction sector in the LAMEA region will boost their demand in the region.
The Brazil market dominated the LAMEA Composite Adhesive Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $131.5 Million by 2030. The Argentina market is showcasing a CAGR of 7.2% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.3% during (2023 - 2030).
Free Valuable Insights: The Worldwide Composite Adhesive Market is Projected to reach USD 4.6 Billion by 2030, at a CAGR of 5%
Based on Product, the market is segmented into Epoxy, Acrylic, Polyurethane, Cyanoacrylate, and Others. Based on Application, the market is segmented into Aerospace & Defense, Automotive & Transportation, Electrical & Electronics, Construction & Infrastructure, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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