Henkel AG (Germany) and H.B. Fuller (US) are Leading Players in the Adhesive & Sealants Market
The global adhesives & sealants market size is projected to grow from USD 76.5 billion in 2023 to USD 95.0 billion, at a CAGR of 4.4%. The adhesives and sealants industry is expanding due to a variety of reasons, including the requirement to join different materials and the substitution of synthetic substrates for traditional materials. The market is expanding due to increased construction and car applications, advances in formulation technologies, and rising demand in the Asia Pacific region. Adhesives and sealants are rapidly replacing mechanical fasteners such as welds, screws, rivets, gaskets, and fasteners in the car and transportation industries, allowing automakers to build lightweight and compact vehicles at reduced prices. Adhesives and sealants are increasingly being utilized in the building and construction industries for flooring, waterproofing, and piping.
Asia Pacific, Eastern Europe, the Middle East and Africa, and South America are in a boom period, with manufacturers competing with relatively similar product offers. Growth in emerging nations, as well as rising demand for sustainable goods, are projected to boost the market globally over the forecast period. The growing number of adhesives and sealants applications in the paper and packaging, automotive and transportation, and building and construction sectors are expected to provide new growth prospects for the market globally.
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The e-commerce sector is critical to the expansion of the paper and packaging business. This sector, which has reshaped commercial activity throughout the world, requires a lot of packaging, which drives the adhesives industry. The general economic growth of nations such as India and China, as well as the expansion of these countries' packaging and construction sectors, is increasing demand for adhesives. Asia Pacific is the world's largest e-commerce market.
There are various small, medium, and large players operating in the market. Some of the major market players include Henkel AG (Germany), H.B. Fuller (US), Sika AG (Switzerland), Arkema (Bostik SA) (France), 3M (US), Huntsman Corporation (US), Illinois Tool Works Inc. (US), Avery Dennison Corporation (US), Dow Inc. (US), and Wacker Chemie AG (Germany). They have adopted various developmental strategies such as investment & expansions, new product launches, mergers & acquisitions, and joint ventures to increase their share in the market.
Henkel AG: Henkel AG manufactures, sells, and distributes home and beauty care products. The company also offers adhesive technology solutions. It works in three divisions: Adhesive Technologies, Beauty Care, and Laundry and Home Care. Adhesives, sealants, and functional coatings are sold by the Adhesive Technologies division to consumers, craftspeople, and industrial users. The Beauty Care section includes hair colorants, hair style, hair care, toiletries, skincare, and oral hygiene products. Heavy-duty and specialty detergents, fabric softeners, laundry performance boosters, various fabric-care products, hand and automated dishwashing solutions, and bathroom cleaners, including household, glass, and specialty cleaners, are all available in the Laundry and Home Care section.
H.B Fuller: H.B. Fuller is a global adhesives manufacturer, formulator, and marketer. The company has four operating segments: Hygiene, Health and Consumable Adhesives, Engineering Adhesives, Construction Adhesives, and Corporate. It provides adhesives for various applications such as assembly of electronic devices, vehicle assembly, packaging, and flexible packaging. The company has a strong customer base and operates in several countries across Europe, North America, and Asia Pacific, among other regions. With 55 manufacturing sites in 42 countries, H.B. Fuller is a global adhesive supplier that also understands local challenges and priorities. The company’s key competitors are Henkel AG (Germany) and Arkema (France).
Related Reports:
Adhesive & Sealants Market by Adhesives Formulating Technology (Water-Based, Solvent-Based, Hot-Melt, Reactive), Sealants Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide, Butyl), Application, and Region - Global Forecast to 2028
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