New Product Launches, Mergers & Acquisitions, Investments & Expansions, and Contracts & Partnerships are the Major Strategies Adopted By Key Players in the Hybrid Adhesives & Sealants Market.
The hybrid adhesives & sealants market is projected to reach USD 7.54 Billion by 2022, at a CAGR of 8.6% between 2017 and 2022. Hybrid adhesives & sealants offer exceptional properties such as flexibility, durability, high adhesion, resistance to chemicals, water, UV, and corrosion which make them special adhesives & sealants for a number of applications, such as building & construction, automotive & transportation, industrial assembly, and others.
New Product Launches, Mergers & Acquisitions, Investments & Expansions, and Contracts & Partnerships are the Major Strategies Adopted By Key Players in the Hybrid Adhesives & Sealants Market. These strategies have helped companies operating in the hybrid adhesives & sealants market to enhance their product portfolios and expand their global presence. These key companies are also focusing on entering new markets by launching technologically advanced and eco-friendly hybrid adhesives & sealants for varied end-use industries. Some of the leading manufacturers of hybrid adhesives & sealants include Soudal (Belgium), Bostik (France), Sika AG (Switzerland), Wacker Chemie AG (Germany), Henkel AG & Co. KGaA (Germany), 3M Company (US), Tremco illbruck GmbH & Co. KG. (Germany), H.B. Fuller (U.S.), Illinois Tool Works Inc. (US), and Kisling AG (Switzerland), among others. These companies have adopted various organic and inorganic growth strategies to increase their business in the hybrid adhesives & sealants market.
Companies have also adopted the new product launches and expansions strategies to strengthen their positions in the hybrid adhesives & sealants market. These strategies together accounted for a share of 76.5% of all the strategic developments that took place in the hybrid adhesives & sealants market between 2014 and 2017.
Bostik (France) is one of the key market players in the hybrid adhesives & sealants market. The company has an extensive product portfolio in hybrid adhesives & sealants based on the MS polymer technology. The company accounted for the largest share of inorganic developmental activities that took place in the hybrid adhesives & sealants market between 2014 and 2017. Recently in 2016, the company acquired Den Braven (Netherlands), a Europe-based adhesives and sealants manufacturer with over 1,000 employees and a global footprint. Bostik is expected to become the world leader in building efficiency solutions related to adhesives & sealants.
Another key player that has established a strong foothold in the hybrid adhesives & sealants market is Soudal (Belgium). The company offers SMX technology based hybrid adhesives & sealants under the brand name Soudaseal. As a part of its inorganic growth strategies, the company focused on enhancing its hybrid adhesives & sealants product portfolio and expanding its presence in the European region. Recently in 2017, the company acquired Slovenia-based hybrid adhesive manufacturer, MITOL. Soudal is expected to add more than 500 high-quality technical adhesives to its product portfolio and strengthen its position in the industrial adhesives market.
Related Reports:
Hybrid Adhesives & Hybrid Sealants Market by Resin Type (MS Polymer Hybrid, Epoxy-Polyurethane, Epoxy-Cyanoacrylate), Application (Building & Construction, Automotive & Transportation, Industrial Assembly), and Region - Global Forecast to 202
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