Henkel AG & CO. KGAA (Germany) and Arkema S.A. (France) are the Key Players in the Elastic Adhesives & Sealants Market
The elastic adhesives & sealants market is projected to grow from USD 16.4 billion in 2019 to USD 22.3 billion by 2024, at a CAGR of 6.3% between 2019 and 2024. The growth of end-use industries such as construction, industrial, and automotive & transportation as well as the growing demand for silicone and SMP adhesives are key factors driving the elastic adhesives & sealants market.
The key market players are Henkel AG & CO. KGAA (Germany), Arkema S.A. (France), H.B. Fuller Company (US), DowDuPont Inc. (US), Sika AG (Switzerland), and 3M Company (US). These players have adopted various strategies, such as investment & expansion and merger & acquisition between 2015 and 2019, to enhance their market shares and expand their global presence.
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Henkel is engaged in consumer and industrial businesses. The company operates through various segments, including adhesive technologies; laundry & home care, and beauty care, and corporate. The company’s adhesive technologies segment is a leader in the adhesives market across all the end-use industries, globally. The company manufactures elastic adhesives & sealants under this segment. Henkel markets elastic adhesives & sealants under brand names, LOCTITE, and TEROSON. The company has a strong portfolio for this market, covering major resins such as PU and SMP. Henkel has operations in North America, Latin America, APAC, Europe, Middle East, and Africa. The company focuses on R&D to maintain its leading position in the adhesives business.
- In September 2018, Henkel started the construction of its new state-of-the-art facility in Düsseldorf for Adhesive Technologies business. The company planned to invest around USD 150 million for this facility. Once completed, the facility is expected to host 350 Henkel experts to develop new technologies and applications for various industries.
Arkema S.A. is a global player in specialty chemicals and advanced materials market. Arkema is among the top four adhesives & sealants producers in the world. It operates through three business segments, namely, High Performance Materials, Industrial Specialties, and Coating Solutions. Arkema has 137 production sites across 50 countries. The company operates three R&D centers (France, China, and the US) and 11 technical centers. It has over 400 researchers that work on new generation adhesives. Arkema markets its elastic adhesives & sealants offering under its brands such as 1100 Series, 2100 Series, 2200 Series, and 70- Series.
- In October 2016, Arkema (Bostik) launched high-performance olefin-based elastic attachment adhesive. This product set a new standard of increased performance and operational efficiency for olefin adhesives.
Related Reports:
Elastic Adhesives & Sealants Market by Resin Type (Polyurethane, Silicone, SMP), End-Use Industry (Construction, Industrial, Automotive & Transportation), Region (North America, Europe, APAC, South America, Middle East & Africa) - Global Forecast to 2024
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