Optimum Inventory Levels Help Avoid Supply Shocks amidst COVID-19 Crisis
Manufacturers are aiming to achieve full production and shipment capabilities amidst the global health crisis of the COVID (coronavirus)-19 pandemic. For instance, DELO Adhesives— a supplier of multi-purpose industrial adhesives, is rolling up its sleeves to keep a continuous tab on all purchase items and their inventories to avoid any supply shocks. Thus, companies in the Latin America adhesives & sealants market should deploy active communication with its suppliers to emerge as reliable partners for its clients and customers.
Maintaining optimum inventory levels has helped manufacturers in the Latin America adhesives & sealants market to excel in business continuity measures for its customers. It has been found that certain countries of Asia Pacific and many U.S. subsidiaries are experiencing a slowdown in revenue generation activities due to stringent lockdown regulations imposed on non-essential businesses.
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Polyurethane Sealants a Rising Star in Modular Construction Applications
Innovations in polyurethane sealants are bolstering the revenue of the Latin America adhesives & sealants market. Manufacturers are broadening their revenue streams for polyurethane sealants in transport, construction, and commercial manufacturing applications. They are increasing their research spending to develop advanced formulations that play an instrumental role in improving the rheology of polyurethane sealants and are increasing efforts to lower the isocyanate content to deliver ease of application. Manufacturers are focusing on improving the slump resistance and product safety of polyurethane sealants to deploy its widespread application in modular construction and commercial manufacturing applications.
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Leading market players in the Latin America adhesives & sealants market are increasing their production capabilities to manufacture silicone adhesives used for transport vehicle assembly. They are increasing the availability of silicone adhesives that are capable of curing even at room temperature. Fast curing speed of silicone adhesives and its other performance advantages in electronics assembly are being highly preferred by end users.
Bio-based Adhesives Eliminate Costs Associated with Machine Maintenance and Deliver Safety in Applications
New adhesive and sealant innovations are creating incremental opportunities for manufacturers in Latin America. For instance, bio-based hot melt adhesives are boosting the credibility credentials of companies in the Latin America adhesives & sealants market, as manufacturers aim to expand their portfolio in environment-friendly bonding in packaging applications. Bio-based adhesives are being highly publicized for its high content of renewable materials. Moreover, these green adhesives are emerging as cost-efficient solutions for end users, since they keep the machinery clean, resulting in less maintenance costs. These green adhesives also deploy safety during applications.
On the other hand, hot melt adhesives are becoming increasingly commonplace in the Latin America adhesives & sealants market. These novel adhesives are being extensively used in case and carton sealing applications. As such, manufacturers are increasing their R&D efforts to innovate in polymer technology in order to make adhesives more resistant to extreme hot and cold temperatures.
Hybrid Joining Techniques Help Overcome Limitations in Bonding Strength of Adhesives
New adhesive formulations are being highly preferred in superior stress-bearing components. However, adhesives require surface preparation treatments that involve cleaning of surfaces on which they are being joined. Moreover, oil and grease on surfaces significantly affect the bonding strength of adhesives. Hence, companies in the Latin America adhesives & sealants market are becoming increasingly aware about hybrid joining processes to overcome the limitations of adhesives. Similarly, weld bonding, clinch bonding, and rivet welding are some of the popular hybrid joining techniques that are becoming increasingly mainstream in various end-use cases.
On the other hand, pressure-sensitive adhesives are becoming prominent in the medical sector. Manufacturers in the Latin America adhesives & sealants market are focusing on developing skin-friendly adhesives that offer good breathability and keeps the pain and discomfort to a minimum in individuals. Thus, companies in the Latin America adhesives & sealants market are unlocking opportunities in the medical device industry and in wound care applications. As such, companies are entering into strategic partnerships to participate in recycling programs to contribute toward a circular economy.
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Analysts’ Viewpoint
Stringent government restrictions on non-essential businesses such as in the Latin America adhesives & sealants market have led to reduced cargo capacities and shipment delays due to the COVID-19 crisis. Post the lockdown period, manufacturers should focus on establishing high-tech production facilities to encourage local innovation capabilities of customers and clients.
Manufacturers are innovating in latex formulations for pressure sensitive adhesives used in permanent paper labels. However, the amount of time required for fixture and full strength of adhesives is among some of the limitations of adhesives. Hence, companies should educate end users about hybrid joining techniques such as weld bonding to deploy the combination of resistance welding and adhesive bonding.
Latin America Adhesives & Sealants Market – Scope of the Report
A new study on the adhesives & sealants market in Latin America published by Transparency Market Research (TMR) presents a wealth of information on key market dynamics, including drivers, trends, and challenges as well as structure of the adhesives & sealants market in the region. TMR’s study offers valuable information on the adhesives & sealants market in Latin America to illustrate how growth would discern during the forecast period i.e. from 2020 to 2030.
Key indicators of market growth, which include value chain analysis as well as supply chain analysis and compounded annual growth rate (CAGR), are elucidated in TMR’s study in a comprehensive manner. This data can help readers interpret quantitative growth prospects for the adhesives & sealants market in Latin America during the forecast period.
An extensive analysis of leading market players’ business strategies is also featured in TMR’s study on the adhesives & sealants market in Latin America. This can help readers understand key factors responsible for growth of the adhesives & sealants market in Latin America. In this study, readers can also find specific data on avenues for qualitative and quantitative growth of the adhesives & sealants market in Latin America, which would guide market players in making apt decisions in the near future.
Key Questions Answered in TMR’s Study on Latin America Adhesives & Sealants Market
- What would be the Y-o-Y growth rate of the adhesives & sealants market in Latin America between 2020 and 2030?
- What is the influence of changing trend in technologies on the adhesives & sealants market in Latin America?
- Would Brazil continue to remain the most profitable market for manufacturers of adhesives and sealants in Latin America in the near future?
- Which factors would impede the growth of the adhesives & sealants market in Latin America during the forecast period?
- Which are the leading companies in the adhesives & sealants market in Latin America?
Latin America Adhesives & Sealants Market: Research Methodology
A unique research methodology has been utilized by TMR to conduct comprehensive research on the adhesives & sealants market in Latin America and arrive at conclusions on future growth prospects for the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the conclusions drawn.
Secondary resources referred by analysts during production of the report on the adhesives & sealants market in Latin America include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and market white papers. Analysts also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the adhesives & sealants market in Latin America as a primary resource.
These primary and secondary resources provided exclusive information during interviews, which served as a validation from leading players operating in the adhesives & sealants market in Latin America. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the adhesives & sealants market in Latin America with accuracy. The study also uses a top-down approach to assess numbers for each segment and a bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on future prospects for the adhesives & sealants market in Latin America more reliable and accurate.