Henkel AG (Germany) and H.B. Fuller (US) are Leading Players in the Waterproof Adhesives & Sealants Market
The global waterproof adhesives & sealants market size is projected to reach USD 31.3 billion by 2027 growing at a CAGR of 6.0% from 2022 to 2027. Rising demand from emerging markets and growth of building & construction industry are driving the market for waterproof adhesives & sealants.
The increase in demand for waterproof adhesives & sealants due to technology advancements in end-use industries and the growing industrial development in the emerging economies, such as APAC, are driving the market. The key players in this market are 3M (US), Henkel AG (Germany), Avery Dennison Corporation (US), H.B. Fuller (US), Dow (US), Huntsman Corporation (US), Sika AG (Switzerland), MAPEI Spa (Italy), RPM International (US), and Bostik SA (France). These players have adopted various strategies such as merger & acquisition, new product launches and investment & expansion in order to strengthen their market position. For instance, in February 2022, H.B. Fuller acquired Fourny nv, a Belgium-based company, Fourny operates within H.B. Fuller’s existing Construction Adhesives global business unit. The acquisition includes one factory and an R&D center based in Willebroek, Antwerp, in Belgium. This acquisition strengthens the position of H.B. Fuller in the country and enhances its product offering.
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Henkel AG operates globally with a well-balanced and diversified portfolio. It manufactures and distributes homecare, laundry, cosmetics, and adhesive products, globally. The company operates through four main business segments: adhesive technologies, laundry & home care, beauty care, and corporate. Adhesives & sealants are produced under the adhesive technologies segment. Henkel AG offers a multitude of applications to cater to the needs of different target groups: consumers, craftsmen, and industrial businesses. Henkel Adhesive Technologies is the global leader in adhesives, sealants, and functional coatings worldwide.
H.B. Fuller is a global adhesives manufacturer, formulator, and marketer of specialty chemical products. The company conducts its operations through three global business units: Engineering Adhesives, Construction Adhesives and Hygiene, Health & Consumable Adhesives. These adhesives are used for various applications in packaging, building & construction, paper converting, woodworking, general assembly & laminates, personal hygiene, and nonwovens. The company has a strong customer base and operates in several countries across Europe, North America, and Asia Pacific, among other regions. H.B. Fuller serves its customers through 34 manufacturing plants in the US and 35 plants located in 21 countries, globally.
Related Reports:
Waterproof Adhesives & Sealants Market by Chemistry (Silicones, PU, Acrylics, Epoxy, Polysulfide), End-use Industry (Building & Construction, Transportation, Electrical & Electronics) and Region - Global Forecasts to 2027
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