Latin America vs Latin-American

Latin America is a noun but Latin-American is not a noun.

Word	Noun	Adjective	Verb	Adverb
Latin America	Yes	No	No	No
Latin-American	No	Yes	No	No

Latin America (noun)	Latin-American (noun)
the parts of North America and South America to the south of the United States where Romance languages are spoken

Latin America (adjective)	Latin-American (adjective)
	of or relating to the countries of Latin America or their people