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Top 19 Adhesive and Sealant Companies, Worldwide 2023

Comparing 19 vendors in Adhesives and Sealants across 109 criteria.

Market Presence
Contenders Contenders
Market Leaders Market Leaders
Emerging Companies Emerging Companies
Innovators Innovators
H.B. Fuller
Arkema
Henkel
3M
Sika
Huntsman
Dow
Adhesives Research
Pidilite
Soudal
Parker LORD
RPM
Wacker Chemie
Momentive
AkzoNobel
DIC
Dymax
MAPEI
Avery Dennison
Product Footprint
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POWERED BY MARKETSANDMARKETS
Dec 21, 2024
 
Table Of Contents

1.1    STUDY OBJECTIVES
  1.2    MARKET DEFINITION
                        1.2.1    INCLUSIONS AND EXCLUSIONS
  1.3    MARKET SCOPE
                        1.3.1    MARKET SEGMENTATION
                        1.3.2    REGIONAL SCOPE
                        1.3.3    YEARS CONSIDERED

2.1 DRIVERS

   2.1.1Growth of building & construction industry

   2.1.2 Increased demand for adhesives in medical industry

   2.1.3 Growth in appliances industry

2.2 RESTRAINTS

   2.2.1 Stringent environmental regulations in North America and Europe

   2.2.2 Technological limitations in adhesives industry

2.3 OPPORTUNITIES

   2.3.1 Investments in emerging markets of Asia Pacific

   2.3.2 Development of hybrid resins for manufacturing high-performance adhesives

2.4 CHALLENGES

   2.4.1 Regulatory compliance

2.5 PORTER'S FIVE FORCES ANALYSIS

   2.5.1 THREAT OF NEW ENTRANTS

   2.5.2 THREAT OF SUBSTITUTES

   2.5.3 BARGAINING POWER OF BUYERS

   2.5.4 BARGAINING POWER OF SUPPLIERS

   2.5.5 INTENSITY OF COMPETITIVE RIVALRY

3.1 INTRODUCTION

3.2 KEY STRATEGIES

3.3 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS (2020–2023)

3.4 MARKET SHARE ANALYSIS

   3.4.1 HENKEL KG & CO. KGAA

   3.4.2 H.B. FULLER COMPANY

   3.4.3 ARKEMA (BOSTIK)

   3.4.4 SIKA AG

   3.4.5 3M

3.5 REVENUE ANALYSIS

3.6 COMPANY VALUATION AND FINANCIAL METRICS, 2023

3.7 COMPANY VALUATION

3.8 FINANCIAL METRICS

3.9 BRAND/PRODUCT COMPARATIVE ANALYSIS

3.10 MARKET RANKING ANALYSIS

3.11 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 STARS

   3.11.1 EMERGING LEADERS

   3.11.2 PERVASIVE PLAYERS

   3.11.3 PARTICIPANTS

   3.11.4 COMPANY FOOTPRINT

3.12 COMPETITIVE SCENARIO & TRENDS

   3.12.1 PRODUCT LAUNCHES

   3.12.2 DEALS

   3.12.3 EXPANSIONS

4.1 MAJOR PLAYERS

   4.1.1 HENKEL AG & CO. KGAA

      4.1.1.1 Business overview

      4.1.1.2 Products/Services/Solutions offered

      4.1.1.3 Recent developments

      4.1.1.4 MnM view

   4.1.2 H.B. FULLER COMPANY

      4.1.2.1 Business overview

      4.1.2.2 Products/Services/Solutions offered

      4.1.2.3 Recent developments

      4.1.2.4 MnM view

   4.1.3 SIKA AG

      4.1.3.1 Business overview

      4.1.3.2 Products/Services/Solutions offered

      4.1.3.3 Recent developments

      4.1.3.4 MnM view

   4.1.4 ARKEMA (BOSTIK)

      4.1.4.1 Business overview

      4.1.4.2 Products/Services/Solutions offered

      4.1.4.3 Recent developments

      4.1.4.4 MnM view

   4.1.5 3M

      4.1.5.1 Business overview

      4.1.5.2 Products/Services/Solutions offered

      4.1.5.3 Recent developments

      4.1.5.4 MnM view

   4.1.6 HUNTSMAN CORPORATION

      4.1.6.1 Business overview

      4.1.6.2 Products/Services/Solutions offered

      4.1.6.3 Recent developments

   4.1.7 ILLINOIS TOOL WORKS INC.

      4.1.7.1 Business overview

      4.1.7.2 Products/Services/Solutions offered

      4.1.7.3 Recent developments

   4.1.8 AVERY DENNISON CORPORATION

      4.1.8.1 Business overview

      4.1.8.2 Products/Services/Solutions offered

      4.1.8.3 Recent developments

   4.1.9 DOW

       4.1.9.1 Business overview

       4.1.9.2 Products/Services/Solutions offered

       4.1.9.3 Recent developments

   4.1.10 WACKER CHEMIE AG

       4.1.10.1 Business overview

       4.1.10.2 Products/Services/Solutions offered

       4.1.10.3 Recent developments

4.2 OTHER PLAYERS

   4.2.1 RPM INTERNATIONAL, INC

       4.2.1.1 Products/Services/Solutions offered

   4.2.2 AKZO NOBEL N.V.

       4.2.2.1 Products/Services/Solutions offered

   4.2.3 PPG INDUSTRIES, INC

       4.2.3.1 Products/Services/Solutions offered

   4.2.4 PARKER HANNIFIN CORP (PARKER LORD)

       4.2.4.1 Products/Services/Solutions offered

   4.2.5 DYMAX CORPORATION

       4.2.5.1 Products/Services/Solutions offered

       4.2.5.2 Recent developments

 
 
Summary

The Adhesive and Sealant Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Adhesives and Sealants. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 120 companies of which the Top 19 Adhesive and Sealant Companies were categorized and recognized as the quadrant leaders.

Adhesives and sealants are chemical formulations that hold the properties to adhere and seal materials. An adhesive is a chemical composition that sticks two surfaces together, whereas a sealant is a semisolid substance that stops leakages between two surfaces. Adhesives are widely used in various applications, including paper & packaging, building & construction, woodworking, automotive & transportation, electronics, consumer & DIY, etc. Sealants also find broad applicability in building & construction, automotive & transportation, consumer & DIY, and others.

The 360 Quadrant efficiently maps the adhesive and sealant companies based on criteria such as revenue, geographic presence, growth strategies, investments, channels of demand, and sales strategies for the market presence of the adhesives and sealants quadrant. While the top criteria for product footprint evaluation included Type (Adhesive, Sealant), Adhesive Technology (Water Based, Solvent based, Hot-melt, Reactive & Others), Adhesive End Use (Paper & Packaging, Building & Construction, Woodworking, Consumer & DIY, Automotive & Transportation, Leather & Footwear, Assembly, Medical, Electronic, Others), Sealant Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Polysulphide, Butyl, Others), and Sealant End Use (Building & Construction, Automotive & Transportation, Consumer, Others).

Key trends highlighted in 360 Quadrants:

  • The global adhesives & sealants market size was USD 76.5 billion in 2023 and is projected to reach USD 95.0 billion by 2028, at a CAGR of 4.4%, between 2023 and 2028. The adhesives & sealants market is expected to be driven by the growth in emerging economies. The increasing number of applications of adhesives & sealants in the paper & packaging, automotive & transportation, and building & construction industries is likely to offer new growth opportunities for the adhesive and sealant companies, globally.
  • Another major contributor to the growth of the adhesive and sealants’ market is the increasing demand for electronic products from the building and construction industry. The automotive sector is yet another contributor to the growth of this market. Other industries, such as aviation and marine, are also exploring advanced adhesive and sealant solutions. However, with all the advancements in the adhesives and sealants industry, challenges such as operational issues and regulatory compliance issues are the major hindrances for the adhesive and sealant companies and hence hold back their adoption rate.
  • The water-based segment accounted for the largest share (~40%) in terms of volume in 2022. Reactive & others segment and solvent-based segment accounted for ~21.9% and 15.2%, respectively. The hot melt adhesives segment is still in a nascent stage. These adhesives are gaining prominence due to their fast-setting speed, low cost, and lower environmental impact. The adhesive and sealant companies are venturing into various other types in order to strengthen their position in the market.
  • The high demand for silicone-based sealants is playing a vital role in market growth. Silicone has been replacing sealants like butyl, neoprene, bitumen, and polyurethane in highly demanding applications such as filling expansion joints in concrete roads. In 2022, silicone resins accounted for ~40.2%, the largest share of the sealants market in terms of volume. It can be touted that silicone products will continue replacing low-performance sealants between 2022 and 2026.
  • Due to the contraction and saturation observed in the European and North American markets, demand has shifted to the Asia Pacific region. Asia Pacific is increasingly becoming a global commerce and trade center and is currently the fastest growing and largest market for adhesive and sealant companies. It accounted for nearly 34.4% in terms of volume in 2022. Further, with high investments in end-use industries from countries like China and India, adhesives and sealants will prosper in the region.
  • In terms of adhesive demand, Asia Pacific is a developing market. China and India have been the main drivers behind the market's fast expansion in Asia Pacific and internationally. These nations' rise is linked to substantial economic growth and significant investments in the packaging, automotive, and transportation industries by the adhesive and sealant companies.
  • In Europe, a major demand for adhesives and sealants is observed from automotive and aerospace applications. Adhesives and sealants are used in large quantities in mechanical fasteners, spot welds, and other applications such as interiors, exteriors, and engine compartments. This demand is expected to increase further with the rising need for low-carbon emission vehicles.
  • In the US, the paper & packaging application segment is anticipated to register the highest CAGR of 4.9% from 2022 to 2030. Over the forecast period, rising demand for bio-based goods is anticipated to boost the demand for hot melt technology and support the growth of the paper & packaging industry.
  • The market leader adhesive and sealant companies such as Henkel AG(Germany), H.B. Fuller (USA), Sika AG(Switzerland), Arkema (Bostik)(France), and 3M (USA) dominate the market, together, they account for nearly one-third of the entire market. Of this, Henkel accounts for 16%-18%, while the remaining is secured by other adhesive and sealant companies like Dymax Corporation (USA), Mapei Corporation (USA), and Pidilite Industries Ltd., (India) along with other medium-sized enterprises.
  • The product launch was the major strategy adopted by key market entities. For instance, H.B. Fuller launched innovative new products as a part of its growth strategy. In January 2023, the company launched Swiftmelt 1515-I, its first bio-compatible product in India, the Middle East, and Africa. In 2022, 3M developed "3M Medical Tape 4576," an acrylate-based adhesive. Dow also introduced DOWSIL Silicone Hot-Melt Adhesive Cartridge, designed to provide excellent adhesion.
  • In recent years, leading adhesive and sealant companies have either partnered with or acquired their competitors. For example, Arkema increased its footprint in regions where its presence is negligible. In July 2022, it finalized the acquisition of Permoseal, located in South Africa. The acquisition complemented Bostik's offerings in the region while strengthening its position in the South African market, indicating Arkema's strategy to expand its business segments by acquiring well-performing companies. During the same period, Dymax partnered with Krayden as a new distribution partner. Through this partnership, Dymax aimed to expand its reach to critical OEM manufacturers in the aerospace, defense, and EV industries for its light-curing technology.
  • The adhesive and sealant companies are also expanding their geographic reach to offer their adhesive expertise and deep industry knowledge, along with strengthening their global footprint. Henkel (Germany) and other international adhesive and sealant companies are now expanding in the Asia Pacific region by setting up new plants and expanding their adhesives and sealants portfolio in this region to serve the emerging market. It was observed that around 40% of the company's revenue in 2022 was from emerging markets.

 
Frequently Asked Questions (FAQs)
There are many different kinds of glues and sealants, and each one has its own properties and uses. Here are a few examples: 1. Epoxy adhesives: These are two-part glues that are known for how well they stick things together, how long they last, and how resistant they are to damage from chemicals and the environment. They are often used in the building, car, and space industries. Adhesives made of cyanoacrylate: Glues made from cyanoacrylates, which are also called "superglue," dry quickly and stick quickly to a wide range of materials. They are often used to fix things around the house and in the medical field. 2. Polyurethane adhesives: These are flexible and can be used to stick together a wide range of materials, such as plastics, metals, and wood. They can also stand up to water and heat, which makes them good for use outside. 3. Silicone sealants: Silicone sealants are very resistant to heat and water, so they can be used to seal cracks and joints in plumbing, roofing, and cars. Acrylic adhesives are strong and work well with a wide range of materials, including plastics and metals. They are used a lot in the construction, automotive, and aerospace industries. 4. Butyl rubber sealants: Butyl rubber sealants are very resistant to water, heat, and chemicals, which makes them good for sealing roofs, gutters, and other outdoor applications.
Sealants are used to make a barrier or protective coating on a surface, usually to stop water, air, dust, or other things from getting in or out through gaps or cracks. They can be used in a lot of different ways, both in the workplace and at home. Some of the most common ways to use sealants are: 1. Sealing joints: Sealants are often used to seal joints between two surfaces, like in construction or cars. They can be used to stop leaks or draughts and make the joint stronger and last longer overall. 2. Waterproofing: Sealants can be used on roofs, walls, and foundations to make a barrier that keeps water out. This keeps water from getting inside and damaging the building or structure. 3. Adhesion: Sealants can be used as glue to connect two surfaces. This is often used to join parts together in the auto and space industries. 4. Insulation: Sealants can be used to fill in holes or cracks in walls or windows. This helps keep warm air inside during the winter and cool air inside during the summer. 5. Protection: Sealants can keep surfaces from getting damaged by water, UV rays, and other things in the environment.
There are many different kinds of adhesives, and they can be put into different groups in different ways. Here are six common types of glue based on what they are made of chemically: Epoxy: Epoxy glues have two parts: a resin and a hardener. Before using, the two parts are mixed together. They are known for how well they stick together, how well they resist water and chemicals, and how well they fill gaps. Cyanoacrylate: Adhesives made with cyanoacrylate, which are also called "superglue," dry quickly and stick well to a wide range of materials. They are great for sticking together small pieces or surfaces that are close to each other. Polyurethane: Adhesives made of polyurethane are known for being strong, flexible, and resistant to water and changes in temperature. They are often used for building and working with wood. Acrylic: Acrylic glues are flexible and can be used to stick together a wide range of materials, such as plastics, metals, and glass. They can also stand up to UV light and changes in temperature. Silicone: Silicone adhesives are often used in situations where they need to be flexible and able to handle high temperatures. They are used a lot in the auto and space industries. Hot melt: Hot melt adhesives are solid at room temperature but melt when heated, making them easy to put on surfaces. Most of the time, they are used in packaging and woodworking.
Adhesives are chemicals used to bind or glue together two or more surfaces. They are applied to surfaces in the form of liquids, pastes, or films to generate a strong bond when they dry or cure. These are examples of adhesives: 1. Super glue is a fast-drying adhesive that makes a strong bond between surfaces and is frequently used to adhere small parts together. 2. Epoxy is a two-component glue consisting of a resin and a hardener. When the two components are combined, they produce a bond that is resistant to heat, water, and chemicals. 3. Rubber cement is an adhesive composed of either natural or synthetic rubber. Latex is frequently used for arts and crafts projects and to temporarily adhere paper or cardboard. 4. Hot Melt Glue: A form of adhesive that is applied in a liquid condition using a glue gun. It forms a strong adhesive between surfaces and dries quickly. 5. Cyanoacrylate, popularly known as "crazy glue," is a fast-acting adhesive that bonds surfaces virtually instantaneously. 6. Acrylic adhesives are commonly utilised in construction and manufacturing industries, including the automotive, aerospace, and electronics sectors. There are numerous different types of adhesives, each with its own qualities and applications.
The most common adhesive is determined by the application and industry. However, the following are some of the most commonly used adhesives: 1. Water-based adhesive is commonly used in paper, cardboard, and packaging. 2. Hot melt adhesive is a type of adhesive that is used in packaging, woodworking, and textiles. 3. Epoxy adhesive is a type of adhesive that is used in metal bonding, automotive, and construction. 4. Plastics, electronics, and automotive use cyanoacrylate adhesive. 5. Pressure-sensitive adhesive is commonly found in labels, tapes, and decals.
The application and the materials being sealed will determine the strongest sealant. There are numerous varieties of sealants that each have various strengths and special qualities. The following sealants are among the strongest: 1. Polyurethane sealants - these sealants are noted for their excellent strength and flexibility. They are frequently used to fill gaps and seams in buildings during construction. 2. Silicone sealants: These sealants have great adherence to a range of surfaces, including metal, glass, and plastic, and are noted for withstanding high temperatures. 3. Epoxy sealants have great adherence to a range of surfaces, including metal, concrete, and wood. They are frequently utilised in industrial settings where a robust, long-lasting seal is needed. 3. Butyl rubber sealants are renowned for their exceptional flexibility and weather resilience. They are frequently employed in waterproofing and roofing applications. 4. Acrylic sealants are frequently used to fill cracks and gaps in building and remodelling projects. They are renowned for their quick drying times and simplicity of use. In order to create a seal that is strong and long-lasting, it is crucial to select the appropriate sealant for the application. When selecting a sealant, factors to take into account include the materials being sealed, the environment the seal will be exposed to, and the application technique.
Silicone and sealant are not exactly the same thing, but silicone is often used as a sealant.
Yes, adhesives can be made from 100% silicone. Silicone can be used as an adhesive to bind things together as well as a sealer to close up cracks and joints.
Not all adhesives and sealants are safe for use in food-contact applications or sensitive environments. It is crucial to select products that are specifically formulated and approved for such purposes. Adhesives and sealants that come into direct contact with food or sensitive environments must meet certain regulatory standards to ensure they are safe and non-toxic. For food-contact applications, adhesives and sealants should comply with FDA (U.S. Food and Drug Administration) regulations or equivalent standards in other countries. These regulations ensure that the materials used in the adhesive or sealant composition will not contaminate the food and are safe for incidental food contact. Similarly, for sensitive environments such as medical or pharmaceutical applications, it's essential to use adhesives and sealants that meet relevant industry standards and have been tested for biocompatibility and compatibility with specific materials used in the environment. Always check the product specifications, labels, and safety data sheets (SDS) provided by the manufacturer. If the product is explicitly labeled as food-grade or suitable for sensitive environments, you can be more confident in its safety for those applications. If you're unsure, contact the manufacturer directly and inquire about the suitability of their product for your specific use case.
The cure time of adhesives and sealants can be influenced by several factors, and it may vary significantly depending on the type of adhesive or sealant being used. Some common factors that affect the cure time include: Adhesive/Sealant Type: Different types of adhesives and sealants have varying cure mechanisms. Some adhesives cure through chemical reactions, while others cure through solvent evaporation or exposure to moisture (e.g., moisture-curing adhesives). Temperature: Cure time can be significantly affected by temperature. Generally, higher temperatures accelerate the curing process, while lower temperatures slow it down. Some adhesives may even have minimum temperature requirements for curing to occur. Humidity: For moisture-curing adhesives, humidity levels can play a crucial role in the curing process. Higher humidity can speed up curing, while low humidity can delay it. Substrate Material: The type of materials being bonded or sealed can impact cure time. Porous materials might absorb some adhesives, slowing down curing, while non-porous materials might require longer curing times. Bond Line Thickness: The thickness of the adhesive or sealant layer can affect how quickly it cures. Thicker bond lines might take longer to cure completely. Air Circulation: Adequate air circulation can help remove solvents or moisture from the curing process, potentially speeding it up. Pressure or Clamping: Applying pressure or using clamps during curing can ensure proper contact between surfaces and improve cure times. Chemical Additives: Some adhesives or sealants may include chemical additives to modify the curing behavior, affecting the cure time. UV Exposure (for UV-curable adhesives): UV-curable adhesives cure when exposed to ultraviolet light. The intensity and duration of UV exposure can influence the cure time. Curing Environment: The overall environmental conditions, such as altitude and air pressure, can also impact curing times.
 
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360 Quadrants

360 Quadrants is a scientific research methodology by MarketsandMarkets to understand market leaders in 6000+ micro markets

360 Quadrants

360 Quadrants is a scientific research methodology by MarketsandMarkets to understand market leaders in 6000+ micro markets

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