Major Players in Latin America Adhesives and Sealants Market Shifting Focus to Biobased Alternatives
The Latin America adhesives and sealants market is projected to grow at a healthy rate in the coming few years. The rapidly expanding Brazilian construction industry is the primary driver of the Latin America adhesives and sealants market. However, the Latin America adhesives and sealants market is suppressed by the rising environmental concerns.
Due to growing environmental issues, several big companies in the Latin America adhesives and sealants market are shifting their focus towards the development of biobased alternatives. Major firms such as The Dow Chemical Company, DaniMer Scientific LLC, and Henkel have been involved in developing biobased adhesives and sealants over the past few years.
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Why Biobased Adhesive and Sealants Segment is Lucrative for Companies in Latin America
Innovative product development is driving demand for enhanced biobased adhesives and sealants. Products that feature the latest technology offer improved performance, environmental viability, and cost benefits.
Biobased adhesive and sealants are made using renewable raw materials such as soy. Furthermore, these adhesives and sealants help reduce environmental damage, as biological materials are less toxic to the environment. In addition to this, biobased adhesives and sealants are inherently biodegradable by nature. Besides environmental benefits, biobased adhesives also provide significant health benefits. Some of the synthetic adhesives and sealants use carcinogenic chemicals such as resins during the production process. Biobased adhesive and sealants eliminate the use of such chemicals, which makes them safer to humans.
Biobased adhesives and sealants have shown a remarkable performance upgrade over conventional adhesives and sealants. For example, soy adhesives can help reduce curing time. Furthermore, hydrolyzed soy proteins, when added to phenol formaldehyde resins, offer reduced costs without impacting performance. Soy-based adhesives are particularly popular in wood product industries, as they offer enhanced performance in addition to its environmental benefits. Another biobased adhesive sector that offers multiple benefits performance-wise is that of polyurethane adhesives based on castor oil. They are easy to handle at ambient temperatures and have a strong resistance to water and ultraviolet rays. These adhesives also have high mechanical strength, which is adding to their popularity.
Biobased adhesives and sealants are manufactured using renewable raw materials, which can be grown, harvested, and processed at lower costs than synthetic products. Hence, they are economically advantageous, as these raw materials can be grown and processed very close to their point of use. On the other hand, nonrenewable resources need to be extracted and shipped from their source, which can be hundreds of thousands of miles away from their point of use.
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In the past few years, a growing number of scientific studies have been undertaken to use natural, renewable substances as adhesive and sealant raw materials. Considerable progress has been achieved in laboratory tests; however, the majority of these products have not yet penetrated the commercial market. In the foreseeable future, the number of biobased adhesives and sealants is expected to rise significantly.
At present, some of the biobased adhesives and sealants available in the market are Henkel’s LOCTITE LIOFOL LA 3742-21 (solvent-based lamination adhesive), Green Products’ Naturalock (biobased urethane foam adhesive), and DaniMer 92721 (label adhesive), and Dow’s ADCOTE BL 1001-BCR1001 (biobased compostable adhesive).