The Strategy of Acquisitions was the Key Strategy Adopted by Leading Players of the Ceramic Adhesives Market
The ceramic adhesives market is projected to reach USD 7.84 Billion by 2022, at a CAGR of 5.1% from 2017 to 2022. The growth of the ceramic adhesives market can be attributed to the increasing use of ceramic adhesives in residential buildings and rising demand for these adhesives from emerging economies such as China, India, Brazil, and Colombia.
The strategy of acquisitions was the key strategy adopted by leading players of the ceramic adhesives market to strengthen their position in the market. This strategy accounted for a share of 57.1% of overall growth strategies adopted by the key players between 2013 and 2017. Companies operating in the ceramic adhesives market are also focusing on making investments & expansions in emerging economies such as India, China, and Brazil to cater to the growing demand for ceramic adhesives from these economies. Companies are also enhancing their product portfolios to fulfill the growing demand for ceramic adhesives from consumers. Investments & expansions and new product launches together accounted for a share of 42.9% of the total growth strategies adopted by the key players between 2013 and 2017.
Europe was the most active region for ceramic adhesives market between 2013 and 2017, in terms of strategic initiatives. New product launches and acquisitions were the most preferred strategies adopted by manufacturers of ceramic adhesives in the European region to strengthen their position in the ceramic adhesives market and enhance their product portfolios. Bostik (France), Sika (Switzerland), Henkel (Germany), BASF (Germany), MAPEI (Italy), Ardex (Germany), Terraco (Sweden), Saint-Gobain Weber (France), and Fosroc (UK) are the key players operating in the Europe ceramic adhesives market. Companies operating in the North America ceramic adhesives market include 3M (US), H.B. Fuller Construction Products (US), and Laticrete International (US).
Some of the key manufacturers of ceramic adhesives such as 3M (US), Bostik (France), Sika (Switzerland), Henkel (Germany), H.B. Fuller Construction Products (US), BASF (Germany), MAPEI (Italy), Ardex (Germany), Laticrete International (US), Terraco (Sweden), Saint-Gobain Weber (France), and Fosroc (UK) have been profiled in this report.
H.B. Fuller and Sika are the most active players in the ceramic adhesives market. They together accounted for the largest share of the overall developments that took place in the ceramic adhesives market between 2013 and 2017. In February 2015, H.B. Fuller acquired TONSAN Adhesive, Inc., which is a China-based provider of engineering adhesives. This acquisition enabled H.B. Fuller to serve its customers in China and across the globe.
Sika is another key manufacturer of ceramic adhesives. In October 2013, the company acquired Building Adhesives business of AkzoNobel. This acquisition enabled Sika to enhance its interior finishing product offerings for flooring, sealing & bonding, and refurbishment applications.
Related Reports:
Ceramic Adhesives Market by Chemistry Type (Cement-based, Epoxy, Acrylic, Silicone, Cyanoacrylate), Application (Building & Construction, Dental), Region (APAC, Europe, North America, MEA, Central & South America) - Global Forecast to 2022
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