Top 19 Adhesives and Sealants Companies, Worldwide 2023: MarketsandMarkets 360 Quadrant Revealed

MarketsandMarkets has unveiled the 360 Quadrant for the Top 19 Adhesive and Sealant Companies Worldwide in 2023, designed to assist businesses in making swift and well-informed decisions. Quadrants are constructed based on companies' market presence and product footprint, and they will undergo annual revisions.

In 2023, the global market size for adhesives & sealants reached USD 76.5 billion, with a projected growth to USD 95.0 billion by 2028 at a noteworthy CAGR of 4.4%. The expansion of emerging economies is expected to drive the adhesives & sealants market, particularly in industries like paper & packaging, automotive & transportation, and building & construction, presenting new global growth opportunities.

The adhesives and sealants market in India is poised for rapid development, driven by the expanding packaging industry. Asia Pacific, notably China and India, stands out as a rapidly increasing market for adhesive demand, fueled by substantial economic growth and significant investments in the packaging, automotive, and transportation sectors, both regionally and globally.

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Unveiling the Market Leaders: Honoring Excellence in Adhesives and Sealants Markets

• Henkel, a key player in the adhesives and sealants market. Leveraging its innovative solutions and a global presence, Henkel caters to a diverse range of applications. The company has a broad portfolio of adhesive technologies such as hotmelt adhesives, water-based adhesives, industrial sealants, polyurethane adhesives, water-based acrylics, renewable thermosets, acrylic-based emulsions, and others.  It is well known for its brands such as Loctite, Technomelt, Bonderite, Teroson, and Aquence, and has been a pioneer in addressing the different requirements of adhesive and sealant technologies.

• H.B. Fuller has established itself as a market leader through a combination of technical expertise, customer-centric solutions, and a global presence. The company offers a wide range of adhesive solutions based on different technologies such as hotmelt adhesives, silicone adhesives, reactive hotmelt adhesives, water-based adhesives, UV and light cure adhesives, butyl sealants, etc. The company’s specialty lies in developing innovative, high-performance adhesives that address specific challenges, showcasing its commitment to driving industry advancements and meeting the evolving needs of its diverse customer base.

• Arkema, with its strategic focus on adhesives and sealants, has carved a niche for itself in the industry. It specializes in developing pressure-sensitive adhesives along with a wide range of products based on hot melt, waterborne and other technologies.  The company's dedication to developing eco-friendly and high-performance solutions aligns with market trends. Arkema's diverse product range, coupled with a customer-centric approach, reinforces its standing in the adhesives and sealants sector, making it a reliable partner for businesses seeking cutting-edge solutions.

• Sika is another prominent entity in the adhesives and sealants industry. The company has marked its leadership in adhesives and sealants by consistently delivering innovative and reliable solutions across various industries. The company excels in offering an extensive array of products, encompassing structural adhesives and sealants customized for construction, automotive, industrial, and various other applications. Sika's success is attributed to its focus on high-performance formulations, technical expertise, and a customer-centric approach, making it a go-to choice for professionals seeking advanced adhesive solutions worldwide.

• Dow, one of the major players in the adhesives and sealants market, boasts a robust portfolio of innovative products. The company offers adhesives and sealants based on various formulations which include acrylic, polyurethane, silicone-based, moisture, heat, and UV curing, among others. It's commitment to sustainability, coupled with a global presence, reinforces Dow's dominance in delivering advanced and environmentally conscious adhesive technologies to meet the evolving needs of various sectors.

• 3M is renowned for its diversified product offerings, and is one of the key players in the adhesives and sealants industry. It offers a wide range of adhesive types such as polyurethane, epoxy, acrylic, etc., and a range of sealants based on polysulfide and Silicone. 3M offers adhesive and sealant products through its brands like Bondo, Scotch, and Scotch-Weld. With a robust research and development infrastructure, 3M continually brings innovative bonding solutions to market, catering to intricate needs in sectors like aerospace, healthcare, and electronics. The company’s commitment to delivering precise, high-performance bonding solutions has solidified it's status as a leader in adhesives and sealants industry.

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Categorization Of Adhesives and Sealants Companies On 360 Quadrants

Adhesives and Sealants companies’ evaluation was conducted for 120 companies, of which the top 19 were categorized and placed in a quadrant under Market Leaders, Contenders, Innovators, and Emerging Companies.

All the companies in the market leader segment demonstrated strong offerings and the ability to influence the market’s direction with their deep expertise. These companies include Henkel, H.B. Fuller, Arkema, Dow, Sika, and 3M. These companies dominate the market, together accounting for nearly one-third of the entire Adhesives and Sealants market.

Huntsman and RPM have been recognized as contenders in the adhesives and sealants quadrant. The contenders are companies with a strong market presence, excelling in specific niches. While not offering the full range of market leaders, they wield significant influence and impact. These companies focus on specific technologies and aim to establish leadership within their chosen segment.

In the quadrant, innovators are highly innovative companies with a strong product portfolio, but a smaller market presence compared to leaders. They push industry boundaries with forward-thinking approaches and have the potential to become major players despite lower corporate growth strategies. Avery Dennison, Soudal, Parker LORD, Wacker Chemie, and DIC have been identified as the innovators in the quadrant.

The 360 Quadrants evaluates emerging companies in the Adhesives and Sealants industry. They focus on specific areas and offer specialized knowledge, targeted support, flexible terms, and competitive prices. While they may have limited capabilities, they are preferred for specific use cases. These companies employ strategies to expand sales and reach a broader client base. This segment of the quadrant has identified Pidilite, AkzoNobel, Dymax, MAPEI, Momentive, and Adhesives Research as emerging companies.

Evaluation Criteria

The vendor evaluation was conducted on over 120 companies of which the top 19 were categorized and recognized as the quadrant leaders. Factors such as revenue, geographic presence, growth strategies, investments, 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).

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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360 Quadrants will also be launching 100 quadrants in Chemicals and Materials, Packaging, Energy & Power, and Healthcare.

Visit https://www.360quadrants.com to access our interactive quadrants.

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