3M Recognized as the Market Leader, Soudal as an Innovator, Dymax and AkzoNobel as Emerging Companies in the “Top 19 Adhesive and Sealant Companies, Worldwide 2023” by MarketsandMarkets 360 Quadrant

Published on 18 Dec 2023

MarketsandMarkets recently released its highly anticipated 360 Quadrant on "Top 19 Adhesive and Sealant Companies, Worldwide 2023," acknowledging the exceptional achievements of 3M, Soudal, Dymax, and AkzoNobel in the Adhesive and Sealant industry. These four renowned companies have solidified their positions in the adhesives and sealants landscape through their commitment to adhesive innovation, quality control, compatibility, customization, and eco-conscious solutions. Their remarkable strides in advancing the adhesives and sealants sector have earned them well-deserved recognition in this exclusive quadrant, showcasing their impact on a global scale.

The Adhesive and Sealant Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Adhesive and Sealant. 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.

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The 360 Quadrant maps the Adhesive and Sealant Companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Adhesive and Sealant quadrant. 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).

3M, Soudal, Dymax, and AkzoNobel – The Leaders Explained

3M Recognized as a Market Leader Among the "Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant.

3M has established itself as a market leader in adhesives and sealants through a combination of innovative product development, stringent quality standards, and a customer-centric approach. With a robust research and development infrastructure, 3M consistently introduces cutting-edge technologies, offering a diverse product portfolio that caters to various industries. The company has been recognized as the "Market Leader" in the " Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant owing to its robust product portfolio and wide geographical presence.

3M offers an extensive array of innovative products under the categories of adhesives, sealants & fillers, tailored to cater to specific needs across various industries. The diverse lineup includes adhesion promoters, fillers, flexible adhesives, glue sticks & tubes, nozzles & accessories, repair adhesives & patches, sealants, structural adhesives, and windshield adhesives. Designed to serve a multitude of sectors, such as automotive, commercial solutions, communications, consumer, design & construction, electronics, energy, manufacturing, safety, and transportation, 3M's products stand out for their versatility and reliability. These products are associated with brands like Bondo, Scotch, Scotch-Weld, and VHB, reflecting 3M's commitment to excellence and innovation in the realm of adhesives, sealants, and fillers.

3M serves as a standout exemplar of leadership in the Adhesives and Sealants sector, seamlessly blending an extensive product range with a commanding market presence. Celebrated for offering comprehensive solutions, 3M not only delivers a diverse range of customized adhesives and sealants for various industries but also holds a firmly established and influential global position. The company's reputation for reliability, commitment to continuous innovation, and widespread acceptance among clients underscore its leadership qualities. 3M's dominance encompasses both the capabilities of its adhesive and sealant products and its far-reaching impact on the market, solidifying its esteemed position as a frontrunner in the adhesive industry.

Soudal Recognized as an Innovator in " Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant

Soudal stands at the forefront of innovation in adhesives and sealants, earning its reputation as a market leader with a remarkable product footprint. The company's commitment to cutting-edge research and development ensures that its products incorporate the latest technologies and formulations. With a diverse portfolio catering to various industries and applications, Soudal showcases its adaptability and understanding of distinct market needs. Its inclusion in the "Top 19 Adhesive and Sealant Companies, Worldwide 2023" reflects its pioneering role in the Adhesive and Sealant industry.

Soudal presents a comprehensive product offering tailored for three primary markets: construction, do it yourself, and industry. The company's adhesive range, encompassing wood, parquet, water-based assembly, decorative, and PVC adhesives, is complemented by the continuous innovation in polymer-based adhesive sealants, featuring standout products like Fix All adhesives. Its versatile sealants’ portfolio caters to diverse indoor and outdoor applications, including silicone sealants for sanitary and glazing needs, paintable acrylic sealants, and specialized joint sealants. By introducing the HMX technology, the company combines the enduring elasticity and superior adhesion of silicone with the paint ability and easy processing of an acrylate. HMX products have earned recognition for sustainability and quality. Soudal extends its commitment to excellence in industrial solutions, offering specialized sealants for double-glazing production.

Soudal stands out as an innovative force in the adhesive and sealant industry, marked by its exceptional product innovation and unique offerings. Although its market presence may not parallel that of some industry giants, Soudal challenges conventions by consistently introducing cutting-edge solutions. The company's forward-thinking strategies continuously push the boundaries of what is achievable in the field, highlighting its potential to become a notable player, even with a more measured corporate growth approach. Soudal's commitment to innovation positions it as a dynamic force driving positive change within the industry.

Dymax Gained Recognition as an Emerging Company in the " Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant.

Dymax has rapidly risen as a prominent player in the adhesives and sealants industry, distinguishing itself through innovative technologies and a commitment to customer-centric solutions. Specializing in UV/LED-curable adhesives, Dymax has significantly reduced production times, offering a competitive edge in efficiency over traditional curing methods. Leveraging its extensive expertise, the company has been acknowledged as an Emerging Leader in the "Top 19 Adhesive and Sealant Companies, Worldwide 2023."

Dymax's MD and 2000 MW medical adhesives and coatings play a pivotal role in expediting the assembly of medical devices and components. These materials offer remarkable curing times when exposed to LED or UV/Visible light, ensuring efficiency in manufacturing processes. Beyond medical applications, Dymax extends its expertise to a versatile range of light-curable structural

bonding adhesives, addressing needs in circuit protection, electronic component assembly, conformal coating, encapsulation, ruggedizing, reinforcement, thermal management, and optical display bonding. Widely utilized across automotive, consumer electronics, aerospace, and defense sectors, Dymax's products, including one-part formulations, not only provide rapid curing but also uphold environmental responsibility with its eco-friendly attributes, minimal waste production, and low energy consumption.

Positioned as a rising force, Dymax is actively showcasing a promising product portfolio while maneuvering through the initial stages of market establishment. The company stands out by excelling in specific niche areas and introducing unique features that differentiate it from competitors. Although Dymax's impact on the broader market is still evolving, it is acknowledged as a niche player with significant growth prospects. As the company broadens its reach and gains recognition in the market, the anticipation is that its innovative approach and distinctive product offerings will be instrumental in sustaining its success within the industry.

AkzoNobel Gained Recognition as an Emerging Company in the " Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant.

AkzoNobel is emerging as a notable player in the adhesives and sealants industry, driven by its strategic focus on innovation, product quality, and global market presence. Leveraging its extensive expertise, the company has been acknowledged as an Emerging Leader in the "Top 19 Adhesive and Sealant Companies, Worldwide 2023." AkzoNobel offers a diverse array of adhesive solutions, leveraging advanced technologies to meet the unique needs of various industries. The company's product lineup encompasses polyurethane, hotmelt, emulsion polymer, and other cutting-edge formulating technologies. Introducing intelliCURE, the intelligent solution goes beyond conventional adhesives by combining high-performance bonding agents with state-of-the-art machine and software solutions, ensuring optimal efficiency in the bonding process. In addressing the woodworking industry, AkzoNobel provides tailored bonding solutions for diverse structural applications. The Grip line features melamine-formaldehyde and melamine-urea-formaldehyde adhesive systems, while the Lignu line showcases a high-performance urea-formaldehyde and emulsion polymer adhesive system. The company's commitment extends further with the provision of polyurethane and hotmelt adhesives, underlining its dedication to delivering comprehensive, innovative, and industry-specific adhesive solutions.

AkzoNobel, positioned as an emerging leader in the adhesives and sealants industry, is currently demonstrating a robust product portfolio as it navigates the initial phases of establishing a strong market presence. Distinguishing itself by excelling in specific niche areas and presenting unique features that set it apart from competitors, AkzoNobel showcases promising growth potential. While the company's influence on the broader market is still evolving, it is recognized as a niche player with a commitment to innovation. As AkzoNobel continues to expand its reach and garner recognition in the market, its innovative approach and distinctive offerings are expected to play a pivotal role in its ongoing success within the industry.

In the dynamic landscape of the adhesives and sealants industry, key innovators like 3M, Soudal, Dymax, and AkzoNobel are leading the way in driving continuous transformation. Their recognition among the "Top 19 Adhesives and Sealants Companies Worldwide" in MarketsandMarkets 360 Quadrant’s impartial analysis solidifies their role as leaders in shaping the evolution of adhesive and sealant excellence. This leadership is exemplified by their commitment to pioneering technologies, finely tuned to meet the demands of the future.

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360 Quadrants Scoring Methodology

360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate companies. It identifies relevant evaluation criteria, collects, and validates data from multiple

sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons and the aggregated scores categorize solutions into quadrants such as Market Leaders, Contenders, Innovators, and Emerging Companies. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives.

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