Henkel AG & Co. KGaA (Germany), Sika Group (Switzerland) are Leading Players in the Epoxy Adhesives Market
The global epoxy adhesives market is projected to grow from USD 9.2 billion in 2022 and is projected to reach USD 11.7 billion by 2027, at a CAGR of 5.0%, between 2022 and 2027 period. The growth opportunities in the epoxy adhesives market are increasing due to growing high-performance requirements, such as bonding dissimilar materials and substitution of synthetic substrates for traditional material.
The key players following the strategies between 2018 to 2021 Henkel AG & Co. KGaA (Germany), Sika Group (Switzerland), 3M (US), H.B. Fuller Company (US), DuPont (US). The companies are majorly following new product launch, merger & acquisition, and investment & expansion as the strategy to grow and expand the market.
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Henkel AG & Co. KGaA operates with a well-balanced and diversified portfolio globally. It manufactures and distributes and adhesive products, cosmetics, homecare, and laundry. The company operates through four main business segments: Adhesive Technologies, Laundry & Home Care, Beauty Care, and Corporate. Epoxy adhesives are produced under the adhesive technologies segment. Adhesive technologies cater to the needs of different business areas such as packaging & consumer goods, construction & professional, electronics & industrial, and craftsmen businesses. In July 2018, Henkel AG & Co. KGaA has acquired Aislantes Nacionales S.A., a private company manufacturing and marketing of products used in building materials. This acquisition will strengthen the product portfolio by adding attractive Chilean building materials market. It will also strengthen the position in Latin America.
A specialty chemical company, Sika is a leading developer and producer of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building and motor vehicles industry. It offers a line of one- and two-component plastic adhesives for a variety of applications. The company has subsidiaries in 101 countries around the world and over 300 manufacturing facilities. It has a strong customer base, and business operations in Europe, North America, Asia Pacific, South America, Africa, and the Middle East. In December 2021, Sika Group opened new technology center and manufacturing plant for high quality sealants and adhesives in Pune, India. This plant mainly has three new production lines that manufacturers products for construction,
Related Reports:
Epoxy Adhesives Market by Type (One-component, Two-component), End-Use Industry (Building and Construction, Transportation, Marine, Automotive, Wind Energy, Electrical and Electronics), and Region - Global Forecast to 2027
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