MarketsandMarkets recently released its highly anticipated 360 Quadrant on "Top 19 Adhesive and Sealant Companies, Worldwide 2023," acknowledging the exceptional achievements of Henkel, Huntsman, Avery Dennison, and Pidilite in the Adhesive and Sealant industry. These four renowned companies have solidified their positions in the adhesives and sealants landscape through their unwavering 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).
Henkel, Huntsman, Avery Dennison, and Pidilite – The Leaders Explained
Henkel Recognized as a Market Leader Among the "Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant.
Henkel has been at the forefront of innovations in the field of Adhesive and Sealant technology. The company has been recognized as the "Market Leader" in the prestigious " Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant owing to its robust product portfolio and wide geographical presence. Henkel's involvement in the Adhesive and Sealant sector is broad and encompasses a spectrum of technological solutions and initiatives, showcasing the company's commitment to driving innovation and excellence in this dynamic field.
Henkel’s adhesive portfolio includes well-known five technology cluster brands including Loctite, Technomelt, Bonderite, Teroson, and Aquence, providing reliable and high-performance bonding and sealing solutions for industrial, automotive, aerospace, and consumer markets. Whereas for the consumers and craftsmen, the company focuses on the four global brand platforms Pritt, Loctite, Ceresit, and Pattex. With a focus on sustainability, Henkel incorporates advanced technologies to develop eco-friendly adhesive and sealant solutions. Some of the key technologies offered by the company include hot melt adhesives, silicone sealants, acrylic adhesives, anaerobic adhesives, cyanoacrylate instant adhesives, polyurethane sealants, and enamel coatings. Henkel
has made focused investments into sustainable solutions such as water-based adhesives and hot melt adhesives with up to 75% bio-based content. The company also provides customized sealant and adhesive formulations through its network of formulation hubs globally. With its deep expertise and understanding of market dynamics, Henkel might continue to lead innovation in the adhesives and sealants landscape.
Huntsman Recognized as a Contender in " Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant
Huntsman is a leading provider of advanced adhesive solutions for a wide range of industries. The company holds a pivotal role in the adhesives and sealants industry, providing a diverse range of innovative solutions that cater to various applications. Owing to this the company has been recognized as a contender in the “Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant.
Huntsman's product portfolio includes epoxy resins, polyurethane adhesives, reactive hot melts, acoustic adhesives, automotive adhesives, electronics adhesives, and others. The company offers extensive polyurethane innovation capabilities with specialized laboratories focused on adhesives and sealants product development. The company also offers pre-polymers, acrylic resins, and specialty aqueous dispersions catering to a wide spectrum of adhesive applications. With its deep expertise in polyurethane chemistry and sustained investments in adhesive technologies, Huntsman stays at the forefront of driving advancements in the adhesives and sealants space.
This recognition indicates Huntsman's established foothold in the industry, supported by a noteworthy customer base and market recognition. While demonstrating competitiveness with its current offerings, Huntsman is positioned as a Contender with the potential for further evolution and enhancement in product capabilities. The acknowledgment by 360 Quadrants positions Huntsman as a company poised for future visionary strides, affirming its capacity to navigate challenges and remain competitive in the ever-evolving market landscape.
Avery Dennison Recognized as an Innovator in " Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant
As an Innovator in the adhesives and sealants space, Avery Dennison has pioneered several breakthrough adhesive technologies. As a materials science and manufacturing leader, Avery Dennison specializes in pressure-sensitive adhesives, specialty tapes, industrial adhesives, and label solutions used in a diverse range of applications from retail to automotive to healthcare. Its inclusion in the "Top 19 Adhesive and Sealant Companies, Worldwide 2023" reflects its pioneering role in the Adhesive and Sealant industry, where its innovative strategies have established it as one of the leaders, leaving a substantial mark on the adhesive and sealant landscape.
As a leading global provider of high-performance pressure-sensitive adhesives, Avery Dennison offers a comprehensive portfolio of innovative bonding solutions for customers across industrial sectors like appliances, automotive, construction, electronics, graphics, packaging, and personal care. Its adhesive technologies include high-adhesion rubber adhesives for foam and plastic bonding, extreme temperature-resistant silicone adhesives, durable pure acrylics, low VOC acrylics for indoor applications, high-performance acrylics like HPATM for extreme loads, viscoelastic AFBTM acrylic foams, differential adhesives for dissimilar materials, and tackified acrylics ideal for foam, UHMWPE and insulation bonding. In 2022, Avery Dennison won an innovation award from the Adhesive and Sealant Council for its new high-performance pressure-sensitive adhesives, demonstrating its commitment to advancing adhesive technologies.
Avery Dennison stands out as an Innovator in the adhesive and sealant industry, marked by its outstanding product innovation and unique offerings. Although it may not wield the same market
presence as some Market Leaders, Avery Dennison disrupts industry norms by introducing cutting-edge solutions. The company's forward-thinking approaches push the boundaries of what is possible in the field, showcasing the potential to become a major player despite adopting more measured corporate growth strategies. Avery Dennison's commitment to innovation positions it as a dynamic force driving positive change within the industry.
Pidilite Gained Recognition as an Emerging Company in the " Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant.
Pidilite Industries, India’s pioneer in consumer and specialty chemicals, has emerged as an Emerging Company to watch in the global adhesives and sealants arena. Leveraging its extensive expertise, the company has been acknowledged as an Emerging Leader in the "Top 19 Adhesive and Sealant Companies, Worldwide 2023." Under the Fevicol brand, Pidilite offers a diverse portfolio of adhesives for woodworking, hobby crafts, and packaging applications among others. Its retail stationery brand, M-Seal offers sealants like silicone sealants, polyurethane foams, PVA adhesives, and more. Some of Pidilite’s products offered globally include vinyl acetate adhesives, synthetic rubber adhesives, epoxy adhesives, acrylic emulsions pressure-sensitive adhesives, and cyanoacrylates superglues. Pidilite continues to expand its global presence through organic and inorganic investments. With its strong understanding of emerging market needs and competitive positioning, Pidilite is poised to become a leading player in the global arena in the coming years.
Pidilite, as an Emerging Company, is currently showcasing a promising product footprint while navigating the early stages of establishing its market presence. Pidilite stands out by excelling in specific niche areas and offering unique features that set it apart. While its impact on the overall market is still evolving, Pidilite is positioned as a niche player with significant growth potential. As the company expands its reach and gains recognition in the market, its innovative approach and distinct offerings are expected to contribute to its continued success in the industry."
As the adhesives and sealants industry continues to advance, innovative pacesetters such as Henkel, Huntsman, Avery Dennison, and Pidilite are at the helm of steering ongoing transformation. Their inclusion among the “Top 19 Companies Worldwide” in MarketsandMarkets 360 Quadrant’s neutral analysis affirms their leadership guiding the evolution of adhesives and sealants excellence through pioneering technologies attuned to future demands.
Henkel, with its broad portfolio and sustainable solutions, has emerged as the undisputed market leader. Meanwhile, Huntsman’s specialty polymers and vast expertise enable it to be a strong contender influencing shifting dynamics. Committed to enabling breakthrough applications across sectors, Avery Dennison’s adhesive innovations have earned it a top innovator status. Additionally, Pidilite’s rapid expansion makes it a promising emerging force as the industry gears up for next-generation advancements.
By channeling cutting-edge R&D capabilities to deliver solutions aligned with customer needs, each of these companies plays a critical role in charting the trajectory of adhesive and sealant technological progress worldwide. Their ascent is poised to steer ongoing revolutionization in this space.
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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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