Market Forecast By Types (Acrylic, Epoxy, Polyvinyl Acetate (PVA), Polyurethane (PU), Styrenic Block, Ethyl Vinyl Acetate (EVA), Silicone & Others), By Technology (Water-based, Solvent-based, Hot Melt, Pressure Sensitive, Reactive and Others) And Competitive Landscape
Product Code: ETC019826 | Publication Date: Oct 2020 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Peru Adhesives Market |
Forecast period | 2025-2031 |
CAGR | 6.5% |
Growing Sector | Construction |
The Peru Adhesives Market report thoroughly covers the market by Types and Technology. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Peru Adhesives Market has experienced significant growth in recent years, driven by various factors such as demand from various industries, an increasing number of infrastructure projects, advancements in technologies, and government initiatives. The market is expected to grow significantly in the coming years.
According to 6Wresearch, the Peru Adhesives Market size is expected to grow at a significant CAGR of 6.5% during 2025-2031. The demand for adhesives is on the rise across various industries such as construction, packaging, automotive, and electronics. This is primarily due to its versatility and ability to adhere different materials together. With an increasing number of infrastructure projects and construction activities in Peru, there is a high demand for adhesives in the country. As they are used in the construction industry for applications such as bonding tiles, laminates, and insulation materials. Moreover, the rising disposable income of consumers in Peru has led to an increase in demand for consumer goods such as furniture, automobiles, and electronics. This has also contributed to the growth of the adhesives market. With advancements in technology, new and innovative adhesive products are being introduced into the market. These advanced adhesives offer better properties such as higher strength, durability, and resistance to extreme conditions, which is driving their adoption across various industries.
Despite its promising growth prospects, there are certain challenges facing the Peru adhesives market. One of the major challenges is the fluctuating prices of raw materials used in adhesive production, which can impact the overall cost of production and pricing of products. Moreover, there is a lack of awareness among end-users about the benefits and applications of adhesives, especially in small and medium enterprises. In addition, stringent environmental regulations regarding the use and disposal of adhesives may pose a challenge for manufacturers to develop sustainable and eco-friendly products that meet regulatory standards.
The key players in Peru's adhesives market include both domestic and international companies. Some of the prominent players are 3M Company, Arkema Group, Bostik (a subsidiary of Total SA), Henkel AG & Co. KGaA, and Sika AG. These companies offer a wide range of adhesive products for various industries such as packaging, construction, automotive, and electronics.
One of the main initiatives is the implementation of tax incentives for companies that invest in research and development activities related to adhesives. Additionally, the government has also invested in infrastructure projects such as roads, bridges, and buildings that require a significant amount of adhesives for construction purposes. Moreover, the Peruvian government has established partnerships with international organizations to promote the country's adhesives industry on a global scale. Furthermore, the government has implemented policies to ensure compliance with environmental regulations in adhesive production.
The Peru Adhesives Market is expected to continue its growth trajectory in the coming years, driven by rising demand for consumer goods and construction activities. There is also a growing trend towards eco-friendly adhesives, which is expected to further boost the market growth. The emergence of new technologies in adhesive production, such as biopolymers and green adhesives, will also contribute to market expansion.
According to Ravi Bhandari, Research Head, 6Wresearch, acrylic adhesives have been gaining popularity due to their superior bonding strength and versatility. This can be attributed to the increasing demand for acrylic adhesives in industries such as construction, automotive, and packaging.
In terms of technology, water-based adhesives have seen a significant rise in demand due to their eco-friendly nature and low VOC emissions.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Peru Adhesives Market Overview |
3.1 Peru Country Macro Economic Indicators |
3.2 Peru Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 Peru Adhesives Market - Industry Life Cycle |
3.4 Peru Adhesives Market - Porter's Five Forces |
3.5 Peru Adhesives Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Peru Adhesives Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Peru Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Peru Adhesives Market Trends |
6 Peru Adhesives Market, By Types |
6.1 Peru Adhesives Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Peru Adhesives Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Peru Adhesives Market Revenues & Volume, By Acrylic , 2021-2031F |
6.1.4 Peru Adhesives Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.5 Peru Adhesives Market Revenues & Volume, By Polyvinyl Acetate (PVA), 2021-2031F |
6.1.6 Peru Adhesives Market Revenues & Volume, By Polyurethane (PU), 2021-2031F |
6.1.7 Peru Adhesives Market Revenues & Volume, By Styrenic Block, 2021-2031F |
6.1.8 Peru Adhesives Market Revenues & Volume, By Ethyl Vinyl Acetate (EVA), 2021-2031F |
6.2 Peru Adhesives Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Peru Adhesives Market Revenues & Volume, By Water-based, 2021-2031F |
6.2.3 Peru Adhesives Market Revenues & Volume, By Solvent-based, 2021-2031F |
6.2.4 Peru Adhesives Market Revenues & Volume, By Hot Melt, 2021-2031F |
6.2.5 Peru Adhesives Market Revenues & Volume, By Pressure Sensitive, 2021-2031F |
6.2.6 Peru Adhesives Market Revenues & Volume, By Reactive and Others, 2021-2031F |
7 Peru Adhesives Market Import-Export Trade Statistics |
7.1 Peru Adhesives Market Export to Major Countries |
7.2 Peru Adhesives Market Imports from Major Countries |
8 Peru Adhesives Market Key Performance Indicators |
9 Peru Adhesives Market - Opportunity Assessment |
9.1 Peru Adhesives Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Peru Adhesives Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Peru Adhesives Market - Competitive Landscape |
10.1 Peru Adhesives Market Revenue Share, By Companies, 2024 |
10.2 Peru Adhesives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |