Market Overview
| Study Period | 2017 - 2028 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2028 |
| Market Size (2024) | USD 1.44 Billion |
| Market Size (2028) | USD 1.84 Billion |
| Growth Rate (2024 - 2028) | 6.26% CAGR |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Mexico Adhesives Market Analysis
The Mexico Adhesives Market size is estimated at 1.44 billion USD in 2024, and is expected to reach 1.84 billion USD by 2028, growing at a CAGR of 6.26% during the forecast period (2024-2028).
Mexico's strategic position in global manufacturing has been strengthened by its extensive network of trade agreements, currently maintaining 12 free trade agreements with 46 countries. This robust trade framework has positioned Mexico as a crucial manufacturing hub, particularly in the automotive and aerospace sectors. The country's manufacturing capabilities are evidenced by its 368 industrial facilities, of which 318 are dedicated to manufacturing operations. This industrial infrastructure has created a strong foundation for adhesives demand across various manufacturing applications, from automotive assembly to aerospace components.
The transformation of Mexico's packaging industry is being driven by evolving consumer behaviors and technological advancements. The e-commerce food and beverage sector exemplifies this shift, with projections indicating growth to USD 15 billion by 2025. This expansion has catalyzed innovation in adhesive applications for sustainable packaging solutions, particularly in areas requiring high-performance bonding agents for food-safe and environmentally conscious materials. The industry is witnessing a marked transition toward water-based and eco-friendly adhesives solutions that align with global sustainability initiatives while maintaining performance standards.
The construction sector is emerging as a significant growth driver for adhesive applications, with projections indicating a 3.1% growth by 2025. This growth is being supported by government initiatives such as the National Development Plan, which is stimulating both residential and commercial construction activities. The sector's evolution is characterized by increasing adoption of advanced bonding solutions for modern construction techniques, including prefabricated elements and energy-efficient building materials, driving demand for specialized adhesives formulations.
Mexico's position in the global automotive supply chain continues to strengthen, with the country exporting 89% of its vehicle production, of which 80% is destined for the United States. This automotive manufacturing prowess is complemented by a growing aerospace sector, where the country has established itself as a key player in component manufacturing. The integration of new materials and lightweight construction methods in both industries is driving innovation in adhesives technologies, particularly in structural bonding applications that require high performance under demanding conditions.
Mexico Adhesives Market Trends
Rising e-commerce food and beverage market sales with forecast of around USD 15 billion in 2025 is likely to boost packaging industry
- Packaging is one of the fastest-growing industries in the country. The demand for quick and on-the-go packaged items is increasing as a result of busier lifestyles, greater spending power, and related factors in the country. Due to the COVID-19 pandemic, the country-wide lockdowns and temporary shutdown of manufacturing facilities caused several issues, including disruptions in the supply chain, imports, and exports. Thus, the country's packaging production declined by 6% in 2020 compared to the previous year, significantly affecting the market.
- Mexico’s packaging industry is majorly driven by the rapid growth of the food and beverages industry. Over the recent years, the demand for online food and beverage shopping has been increasing as it offers food at home and decreases the time. The e-commerce food and beverage market sales amounted to around USD 6.8 billion in 2021 and are forecast to grow to around USD 15 billion in 2025.
- Packaging production is majorly driven by paper and paperboard in the country, which accounted for around 38% of the packaging produced in 2021. However, with the advancement of plastic recyclability, the plastic production segment is likely to register the fastest growth rate of around 4.8% CAGR during the forecast period.
- The growing interest in public health, along with the emerging e-commerce activities across the nation, is likely to continue the growth of the food processing industry, which will further increase the packaging demand in the coming years.
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Government's United states-Canada-Mexico agreement for automobile components and rising electric vehicles demand will increase the automotive production
- The Mexican automotive manufacturing industry is one of the country's most significant industries, accounting for 20% of the nation's GDP and employing over one million people nationwide. Around 30 global OEMs have manufacturing facilities in Mexico. Automotive manufacturing in Mexico comprises seven major operating segments: original equipment (OEM), aftermarket parts, electric and hybrid vehicles, remanufactured products, heavy vehicles, and other specialty motor vehicles.
- Mexico is the sixth-largest global passenger vehicle manufacturer. 89% of vehicles produced in Mexico are exported, with 80% exported to the United States. Mexico is the sixth-largest manufacturer and ranks fourth globally in the exports of heavy-duty vehicles for cargo, with 14 manufacturers operating through 11 manufacturing plants. Mexico is the leading global exporter of tractor trucks, exporting 94.5% of its production to the United States. In 2020, due to supply chain restrictions and labor unavailability caused by the COVID-19 pandemic, the country's production capacity declined by 20%.
- However, high raw material prices, shortage of semiconductor chips, and other logistical factors have restricted the growth of the automotive industry post-pandemic. Mexico's 12 free trade agreements with 46 countries, especially the United States-Mexico-Canada Agreement (USMCA), have placed Mexico in a strategic position to locally purchase auto parts previously imported from outside North America. However, in 2021, the country's electric vehicle registration witnessed a growth rate of 80% compared to 2020, and it is likely to increase in the future, thereby increasing automotive production in the country over the forecast period.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- With aircraft manufacturers comprising 79% of the aerospace sector, aircraft components production holds the major share in Mexico's aerospace industry
- Owing to 12 free trade agreements of Mexico, the globalization of the footwear industry is likely to boost the demand
- Rising government initiatives including the National Development Plan (2018–2024) to propel the construction industry
- Rising interior furnishing and easy purchase and install of furniture leads to the woodworking and joinery demand
Segment Analysis: End User Industry
Packaging Segment in Mexico Adhesives Market
The packaging segment dominates the Mexico adhesives market, accounting for approximately 36% market share in 2024. This significant share is driven by the widespread use of adhesives in various packaging applications, including labels, tapes, carton sealing and joining, and laminating. The segment's dominance is supported by Mexico's growing e-commerce industry, which has increased the demand for packaging solutions. Water-borne adhesives are highly consumed in this industry due to their cost-effectiveness and the high strength of bonding agents required for packaging applications. The segment's growth is further bolstered by the rapid expansion of the food and beverages industry, where online food and beverage shopping has seen substantial growth, projected to reach around USD 15 billion by 2025.
Automotive Segment in Mexico Adhesives Market
The automotive segment is experiencing the fastest growth in the Mexico adhesives market, with an expected growth rate of approximately 9% during 2024-2029. This robust growth is attributed to Mexico's position as a major automotive manufacturing hub in North America, with skilled, low-cost labor and favorable tax structures. The increasing adoption of lightweight materials in automotive manufacturing and the development of new electrically conductive adhesives for automotive sensor applications are driving this growth. The segment's expansion is further supported by Mexico's strategic advantage of having free trade agreements with 40 countries and access to 47% of the global automobile industry, making it an attractive destination for automotive investments. The trend toward electric vehicle production and the increasing use of adhesives to replace traditional mechanical fastening methods are also contributing to the segment's rapid growth.
Remaining Segments in End User Industry
The other significant segments in the Mexico adhesives market include healthcare, building and construction, footwear and leather, woodworking and joinery, and aerospace industries. The healthcare segment is driven by the growing medical device manufacturing sector, particularly in Baja California. The building and construction segment benefits from government initiatives and increasing urbanization. The footwear and leather segment is supported by Mexico's position as a major footwear producer, while the woodworking segment is driven by growing furniture exports to the United States. The aerospace segment, though smaller, is showing promise with increasing investments in manufacturing facilities across key aerospace hubs in the country.
Segment Analysis: Technology
Water-borne Segment in Mexico Adhesives Market
Water-borne adhesives represent the largest technology segment in Mexico's adhesives market, commanding approximately 32% market share in 2024. These adhesives are designed as dispersions or emulsions with polymer particles ranging from 50-300 nm in diameter, making them highly effective for bonding wood, paper, textiles, leather, and other porous substrates. The segment's dominance can be attributed to their eco-friendly nature, lower costs compared to other technologies, and widespread applications across various industries, including packaging, woodworking, and footwear. Acrylic resin-based water-borne adhesives are particularly popular due to their moderate strength and excellent adhesion properties across multiple substrates, especially in building and construction, automotive, and aerospace interior applications.
Reactive Segment in Mexico Adhesives Market
The reactive adhesives segment is experiencing the fastest growth in Mexico's adhesives market, projected to grow at approximately 8% annually from 2024 to 2029. This robust growth is driven by increasing demand from high-tech applications requiring substantial permanency and high-strength adherence. The segment's expansion is particularly supported by the growing construction sector across Mexico and rising automotive manufacturing activities. Epoxy resin-based reactive adhesives are gaining significant traction due to their light weight, easy handling, and ability to cure with moisture in the air within 24-48 hours, making them increasingly preferred by manufacturers across various industries.
Remaining Segments in Technology
The other significant segments in Mexico's adhesives market include hot melt, solvent-borne, and UV cured adhesives. Hot melt adhesives are particularly valued for their versatility and rapid setting properties across packaging and woodworking applications. Solvent-borne adhesives, while facing regulatory challenges due to VOC content, maintain their importance in specific industrial applications where high performance is critical. UV cured adhesives, though representing a smaller share, are crucial in specialized applications requiring precise curing and high-performance bonding agents, particularly in electronics and medical device manufacturing.
Segment Analysis: Resin
Polyurethane Segment in Mexico Adhesives Market
Polyurethane adhesives dominate the Mexican adhesives market, commanding approximately 22% of the total market value in 2024. This significant market position can be attributed to polyurethane's versatility and superior performance characteristics across multiple industries. The segment's strength lies in its extensive application in automotive manufacturing, where it is used in high-resilience foam seating, rigid foam insulation panels, B-pillars, headliners, suspension insulators, and bumpers. The automotive sector's continued growth in Mexico, particularly in manufacturing hubs across Baja California, Sonora, Chihuahua, Queretaro, and Nuevo León, has substantially contributed to the demand for polyurethane adhesives. Additionally, the construction industry's steady recovery and increasing focus on sustainable building practices have further bolstered the segment's market position.
Epoxy Segment in Mexico Adhesives Market
The epoxy adhesives segment is experiencing robust growth in the Mexican market, projected to expand at approximately 8% during 2024-2029. This growth is primarily driven by the segment's increasing adoption in structural applications, particularly in the automotive and construction sectors, where high bond strength properties of around 50 MPa are essential. The segment's expansion is further supported by Mexico's position as a manufacturing hub for North America, benefiting from skilled labor and favorable tax structures. The aerospace industry's development, with 368 industrial facilities across the country, is another significant growth driver for epoxy adhesives, as these adhesives are crucial for aircraft component assembly and structural applications. The segment is also gaining traction in electronic applications and industrial assembly operations, where precision bonding and high-performance characteristics are required.
Remaining Segments in Resin Segmentation
The Mexican adhesives market encompasses several other important resin segments, including acrylic, VAE/EVA, silicone, and cyanoacrylate adhesives. Acrylic adhesives are particularly valued for their excellent UV resistance and versatility in automotive and construction applications. VAE/EVA adhesives have established a strong presence in packaging and woodworking applications due to their cost-effectiveness and reliable performance. Silicone adhesives serve specialized applications requiring high temperature resistance and flexibility, while cyanoacrylate adhesives are preferred for their rapid curing properties in industrial and consumer applications. Each of these segments contributes uniquely to the market's diversity, serving specific industry needs and applications while complementing the overall adhesives ecosystem in Mexico.
Mexico Adhesives Industry Overview
Top Companies in Mexico Adhesives Market
The Mexico adhesives market features a mix of global leaders and domestic players competing through various strategic initiatives. Companies are heavily focused on new product development, particularly in sustainable and eco-friendly adhesive solutions, with innovations targeting specific end-user requirements across automotive, construction, and packaging applications. Operational excellence is being pursued through manufacturing facility upgrades and distribution network optimization to ensure reliable supply and faster delivery times. Strategic partnerships with raw material suppliers and end-users are becoming increasingly common to secure supply chains and develop customized solutions. Market leaders are expanding their presence through both organic growth and acquisitions, with a particular focus on strengthening their positions in high-growth segments like automotive and construction adhesives. Companies are also investing in research and development facilities to enhance their technical capabilities and maintain competitive advantages.
Fragmented Market with Strong Global Players
The Mexican adhesives market exhibits a fragmented structure with the top five companies accounting for less than a quarter of the total market share, while numerous smaller players serve specific niches or regional markets. Global conglomerates like Henkel, 3M, and Sika dominate the market through their established brand presence, extensive distribution networks, and technological capabilities. These multinational companies leverage their global expertise and research capabilities to maintain market leadership, while domestic players compete through local market knowledge and specialized product offerings. The market has witnessed increasing participation from international players looking to establish manufacturing bases in Mexico to serve the North American region.
The market is characterized by ongoing consolidation activities as larger players seek to strengthen their positions through strategic acquisitions of local manufacturers and distributors. Companies are particularly interested in acquisitions that provide complementary product portfolios or access to new distribution channels. The presence of well-established distribution networks and strong relationships with key end-users creates significant barriers to entry for new players. Local manufacturers often focus on specific applications or regional markets where they can maintain competitive advantages through customer proximity and customized solutions.
Innovation and Sustainability Drive Future Success
Success in the Mexican adhesives market increasingly depends on companies' ability to develop innovative and sustainable products while maintaining cost competitiveness. Market incumbents need to focus on strengthening their research and development capabilities to create differentiated products that address specific end-user requirements, particularly in high-growth segments like automotive and construction. Building strong relationships with key customers through technical support and customized solutions remains crucial for maintaining market share. Companies must also invest in expanding their distribution networks and local manufacturing capabilities to improve market reach and operational efficiency.
For contenders looking to gain market share, focusing on underserved market segments and developing specialized products for specific applications offers opportunities for growth. Success requires building strong technical capabilities and establishing reliable distribution networks to compete effectively with established players. Environmental regulations and sustainability requirements are becoming increasingly important factors, requiring companies to invest in developing eco-friendly products and sustainable manufacturing processes. The concentration of demand in key industries like automotive and construction makes it essential for companies to develop strong relationships with major end-users and maintain high product quality standards to succeed in the market. Additionally, the use of innovative glue solutions is becoming a key differentiator in product offerings.
Mexico Adhesives Market Leaders
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3M
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Arkema Group
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H.B. Fuller Company
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Henkel AG & Co. KGaA
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Sika AG
- *Disclaimer: Major Players sorted in no particular order
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Mexico Adhesives Market News
- April 2022: ITW Performance Polymers launched Plexus MA8105 as its newest adhesive with fast room-temperature curing, excellent mechanical properties, and a broad range of adhesion.
- February 2022: Arkema Group completed the acquisition of Ashland's Performance Adhesives business. Ashland is a world leader in high-performance adhesives in the United States.
- December 2021: Under the Nuplaviva brand, Arkema introduced a new range of disposable hygiene adhesive solutions formulated with bio-based renewable content.
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We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
List of Tables & Figures
- Figure 1:
- VOLUME OF AIRCRAFTS DELIVERED, UNITS, MEXICO, 2017-2028
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, MEXICO, 2017-2028
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, MEXICO, 2017-2028
- Figure 4:
- PRODUCTION VOLUME OF FOOTWEAR, PAIRS, MEXICO, 2017-2028
- Figure 5:
- PRODUCTION VOLUME OF PAPER & PAPER BOARD AND PLASTIC PACKAGING, TONS, MEXICO, 2017-2028
- Figure 6:
- PRODUCTION VOLUME OF FURNITURE, UNITS, MEXICO, 2017-2028
- Figure 7:
- VOLUME OF CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 8:
- VALUE OF CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 9:
- VOLUME OF ADHESIVES CONSUMED BY END USER INDUSTRY, KILOGRAM, MEXICO, 2017 - 2028
- Figure 10:
- VALUE OF ADHESIVES CONSUMED BY END USER INDUSTRY, USD, MEXICO, 2017 - 2028
- Figure 11:
- VOLUME SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, MEXICO, 2022 VS 2028
- Figure 12:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, MEXICO, 2022 VS 2028
- Figure 13:
- VOLUME OF ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, MEXICO, 2017 - 2028
- Figure 14:
- VALUE OF ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, USD, MEXICO, 2017 - 2028
- Figure 15:
- VALUE SHARE OF ADHESIVES CONSUMED IN AEROSPACE INDUSTRY BY TECHNOLOGY, %, MEXICO, 2021 VS 2028
- Figure 16:
- VOLUME OF ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, MEXICO, 2017 - 2028
- Figure 17:
- VALUE OF ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, USD, MEXICO, 2017 - 2028
- Figure 18:
- VALUE SHARE OF ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY BY TECHNOLOGY, %, MEXICO, 2021 VS 2028
- Figure 19:
- VOLUME OF ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, MEXICO, 2017 - 2028
- Figure 20:
- VALUE OF ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, MEXICO, 2017 - 2028
- Figure 21:
- VALUE SHARE OF ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY TECHNOLOGY, %, MEXICO, 2021 VS 2028
- Figure 22:
- VOLUME OF ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, KILOGRAM, MEXICO, 2017 - 2028
- Figure 23:
- VALUE OF ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, USD, MEXICO, 2017 - 2028
- Figure 24:
- VALUE SHARE OF ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY BY TECHNOLOGY, %, MEXICO, 2021 VS 2028
- Figure 25:
- VOLUME OF ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, MEXICO, 2017 - 2028
- Figure 26:
- VALUE OF ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, USD, MEXICO, 2017 - 2028
- Figure 27:
- VALUE SHARE OF ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY BY TECHNOLOGY, %, MEXICO, 2021 VS 2028
- Figure 28:
- VOLUME OF ADHESIVES CONSUMED IN PACKAGING INDUSTRY, KILOGRAM, MEXICO, 2017 - 2028
- Figure 29:
- VALUE OF ADHESIVES CONSUMED IN PACKAGING INDUSTRY, USD, MEXICO, 2017 - 2028
- Figure 30:
- VALUE SHARE OF ADHESIVES CONSUMED IN PACKAGING INDUSTRY BY TECHNOLOGY, %, MEXICO, 2021 VS 2028
- Figure 31:
- VOLUME OF ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, KILOGRAM, MEXICO, 2017 - 2028
- Figure 32:
- VALUE OF ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, USD, MEXICO, 2017 - 2028
- Figure 33:
- VALUE SHARE OF ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY BY TECHNOLOGY, %, MEXICO, 2021 VS 2028
- Figure 34:
- VOLUME OF ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, MEXICO, 2017 - 2028
- Figure 35:
- VALUE OF ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, MEXICO, 2017 - 2028
- Figure 36:
- VALUE SHARE OF ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY TECHNOLOGY, %, MEXICO, 2021 VS 2028
- Figure 37:
- VOLUME OF ADHESIVES CONSUMED BY TECHNOLOGY, KILOGRAM, MEXICO, 2017 - 2028
- Figure 38:
- VALUE OF ADHESIVES CONSUMED BY TECHNOLOGY, USD, MEXICO, 2017 - 2028
- Figure 39:
- VOLUME SHARE OF ADHESIVES CONSUMED BY TECHNOLOGY, %, MEXICO, 2022 VS 2028
- Figure 40:
- VALUE SHARE OF ADHESIVES CONSUMED BY TECHNOLOGY, %, MEXICO, 2022 VS 2028
- Figure 41:
- VOLUME OF HOT MELT ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 42:
- VALUE OF HOT MELT ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 43:
- VALUE SHARE OF HOT MELT ADHESIVES CONSUMED BY RESIN, %, MEXICO, 2021 VS 2028
- Figure 44:
- VOLUME OF REACTIVE ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 45:
- VALUE OF REACTIVE ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 46:
- VALUE SHARE OF REACTIVE ADHESIVES CONSUMED BY RESIN, %, MEXICO, 2021 VS 2028
- Figure 47:
- VOLUME OF SOLVENT-BORNE ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 48:
- VALUE OF SOLVENT-BORNE ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 49:
- VALUE SHARE OF SOLVENT-BORNE ADHESIVES CONSUMED BY RESIN, %, MEXICO, 2021 VS 2028
- Figure 50:
- VOLUME OF UV CURED ADHESIVES ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 51:
- VALUE OF UV CURED ADHESIVES ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 52:
- VALUE SHARE OF UV CURED ADHESIVES ADHESIVES CONSUMED BY RESIN, %, MEXICO, 2021 VS 2028
- Figure 53:
- VOLUME OF WATER-BORNE ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 54:
- VALUE OF WATER-BORNE ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 55:
- VALUE SHARE OF WATER-BORNE ADHESIVES CONSUMED BY RESIN, %, MEXICO, 2021 VS 2028
- Figure 56:
- VOLUME OF ADHESIVES CONSUMED BY RESIN, KILOGRAM, MEXICO, 2017 - 2028
- Figure 57:
- VALUE OF ADHESIVES CONSUMED BY RESIN, USD, MEXICO, 2017 - 2028
- Figure 58:
- VOLUME SHARE OF ADHESIVES CONSUMED BY RESIN, %, MEXICO, 2022 VS 2028
- Figure 59:
- VALUE SHARE OF ADHESIVES CONSUMED BY RESIN, %, MEXICO, 2022 VS 2028
- Figure 60:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 61:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 62:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, MEXICO, 2021 VS 2028
- Figure 63:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 64:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 65:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, MEXICO, 2021 VS 2028
- Figure 66:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 67:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 68:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, MEXICO, 2021 VS 2028
- Figure 69:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 70:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 71:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, MEXICO, 2021 VS 2028
- Figure 72:
- VOLUME OF SILICONE ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 73:
- VALUE OF SILICONE ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 74:
- VALUE SHARE OF SILICONE ADHESIVES CONSUMED BY END USER INDUSTRY, %, MEXICO, 2021 VS 2028
- Figure 75:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 76:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 77:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, MEXICO, 2021 VS 2028
- Figure 78:
- VOLUME OF OTHER RESINS ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 79:
- VALUE OF OTHER RESINS ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 80:
- VALUE SHARE OF OTHER RESINS ADHESIVES CONSUMED BY END USER INDUSTRY, %, MEXICO, 2021 VS 2028
- Figure 81:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, MEXICO, 2019 - 2021
- Figure 82:
- MOST ADOPTED STRATEGIES, COUNT, MEXICO, 2019 - 2021
- Figure 83:
- REVENUE SHARE OF ADHESIVES BY MAJOR PLAYERS, %, MEXICO, 2021
Mexico Adhesives Industry Segmentation
Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery are covered as segments by End User Industry. Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin.| End User Industry | Aerospace |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Packaging | |
| Woodworking and Joinery | |
| Other End-user Industries | |
| Technology | Hot Melt |
| Reactive | |
| Solvent-borne | |
| UV Cured Adhesives | |
| Water-borne | |
| Resin | Acrylic |
| Cyanoacrylate | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| VAE/EVA | |
| Other Resins |
End User Industry
| Aerospace |
| Automotive |
| Building and Construction |
| Footwear and Leather |
| Healthcare |
| Packaging |
| Woodworking and Joinery |
| Other End-user Industries |
Technology
| Hot Melt |
| Reactive |
| Solvent-borne |
| UV Cured Adhesives |
| Water-borne |
Resin
| Acrylic |
| Cyanoacrylate |
| Epoxy |
| Polyurethane |
| Silicone |
| VAE/EVA |
| Other Resins |
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Market Definition
- End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Woodworking & Joinery, Footwear & Leather, Healthcare, and Others are the end-user industries considered under the adhesives market.
- Product - All adhesive products are considered in the market studied
- Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Cyanoacrylate, VAE/EVA, and Silicone are considered
- Technology - For the purpose of this study, Water-borne, Solvent-borne, Reactive, Hot Melt, and UV Cured adhesive technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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