Top 5 Manufacturers in Adhesives and Sealants Leading the Charge

Published On : Sep 03, 2024

Consolidation Craze: Is the Adhesives and Sealants Market Reshaping for Good?

The global adhesives and sealants market, valued at over US$ 78 billion, is steadily advancing towards consolidation, with industry giants engaging in strategic acquisitions to strengthen their positions. This trend is especially evident in mature markets like North America and Europe, where a few key players control more a significant share of the total market.

According to recent research from Persistence Market Research (PMR), the competitive landscape of the adhesives and sealants industry is being shaped by a some of dominant companies that are leveraging their global presence, broad product portfolios, and innovative solutions. The top five players in the market include:

top 5 manufacturers in adhesives and sealants leading the charge

Top 5 Manufacturers Dominating the Adhesives and Sealants Market

Henkel AG & Co. KGaA: Henkel dominates the global adhesives and sealants market with more than 13% of the market share. No other competitor is close to Henkel in terms of market consolidation. Broad product portfolio, global presence, and innovative solutions for all departments are the key strengths of Henkel that makes it market leader.

H.B. Fuller: H.B. Fuller is a dominant force in adhesives and sealants market in North America for packaging and consumer products. The company has huge expertise and recognition in the market with its extensive portfolio of adhesives and sealants for all industry verticals.

Arkema SA: Arkema is relatively new player with 2 decades of market exposure, but is making its impact in adhesives and sealants market. The company comes in spotlight when it acquires the adhesives business of Ashland to become the third largest player in adhesives and sealants market.

3M Inc.: When it comes to DIY and consumer packaging solutions, 3M is a renowned name in adhesives industry. The company has expertise in tape adhesives, polymer based adhesives and sealants. The company is opening up new production lines of adhesives to enter into new business lines like electronics adhesives and specialty adhesives.

SIKA AG: In the Europe and Asia Pacific region, SIKA is reputed brand in construction business. Their adhesives and sealants products are widely used in the construction industry. The company is focusing on new technology adhesives and sealants products simultaneously expanding in manufacturing base in South Asia.

Following are some of the key acquisitions in the adhesives and sealants industry in 2024:

  1. February 2024, Henkel has strengthened its Adhesive Technologies business through a strategic acquisition, enhancing its product offerings and expanding its global presence in key markets.
  2. April 2024, Henkel finalized its acquisition of U.S.-based Seal for Life Industries LLC from Arsenal Capital Partners. This strategic move strengthens Henkel's position in the adhesives and sealants market, enhancing its industrial portfolio. Particularly, Henkel is growing its MRO portfolio, adding complementary repair solutions that reinforce the company's strong commitment to driving the sustainability megatrend forward.
  3. May 2024, Arkema has acquired Dow’s flexible packaging laminating adhesives business, boosting its position in the adhesives market. This move aligns with Arkema’s strategy of expanding its offering in high-growth markets such as sustainable packaging.
  4. May 2024, H.B. Fuller announced the acquisition of ND Industries, Inc., expanding its adhesive solutions portfolio, particularly for automotive and industrial applications, strengthening its market position and enhancing customer offerings.
  5. July 2024, Meridian Adhesives Group has acquired Bondloc UK Ltd, expanding its portfolio of high-performance adhesives. This acquisition strengthens Meridian's presence in the UK and Europe, enhancing its offerings in the automotive, aerospace, and electronics sectors.
  6. July 2024, Kodiak has acquired Papertech, expanding its presence in the paper and packaging industries. The acquisition enhances Kodiak's portfolio in adhesives and coatings, targeting sustainable packaging solutions.
  7. August 2024, Sika has expanded its presence in the Caribbean through the acquisition of the construction chemicals company Vinaldom S.A.S providing concrete admixtures, fibers, adhesives, and sealants to their local customers. This move strengthens Sika's position in the regional construction and industrial sectors.

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