How Increase in the Industrial Manufacturing Activities is boosting the Demand Amongst Top Adhesives And Sealants Companies

Adhesives and sealants serve to connect two surfaces or to inhibit the seepage of fluids between them. Adhesives are used to bind surfaces, while sealants block gaps and are crucial in automotive, aerospace, electronics, and construction. Their unique properties include adhesive strength, curing time, and resistance to temperature and moisture. Their usage is surging in industrial manufacturing, offering cost-effective and reliable bonding solutions. Essential for enhancing efficiency and cutting costs, they ensure durability, functionality, and protection against moisture and contaminants in various applications.

According to Fortune Business Insights, the global market size for adhesives and sealants was valued at USD 76.08 billion in 2022. The market is expected to expand from USD 79.38 billion in 2023 to USD 108.64 billion by 2030, exhibiting a CAGR of 4.6% during the study period. In 2022, Asia Pacific held the key market share at 39.38% in terms of value, and this dominance is anticipated to persist throughout the study period.

List of top 10 adhesives and sealants companies expected to influence the market:

1. 3M:

Established in 1902, 3M, originally the Minnesota Mining & Manufacturing Company, is a global leader in personal protective equipment, offering a range of products from head protection to respiratory gear. With a revenue of USD 34.22 billion in 2022 and 92,000 employees, 3M operates across four segments: safety and industrial, transportation & electronics, health care, and consumer.

In February 2023, 3M introduced a groundbreaking medical adhesive designed to adhere to the skin for up to 28 days, setting a new standard for extended wear time in medical applications.

2. Arkema S.A.:

One of the top adhesives and sealants companies/manufacturers, Arkema offers specialty chemicals and advanced materials, operates across adhesive solutions, advanced materials, coating solutions, and intermediates. With a revenue of USD 12.16 billion in 2022 and 20,100 employees, Arkema has a global presence with 148 production plants and 16 R&D centers. Emphasizing sustainability, the company acquired 250 new patents in 2022, over 90% related to sustainability.

3. Henkel Corporation:

Henkel, a global company, operates in beauty care, laundry & home care, and adhesives and sealants technologies. With a revenue of USD 21.29 billion in 2022 and 51,200 employees, the company, headquartered in Düsseldorf, Germany, is present in 56 countries with 166 production sites. Its adhesive technologies segment serves automotive, packaging, consumer goods, electronics, and industrial sectors.

4. Ashland Inc.: 

Ashland, a key player in specialized materials, serves various applications such as adhesives, coatings, construction, energy, and more. With a revenue of USD 2.39 billion in 2022 and 3,900 employees, the company lacks manufacturing operations in Russia, Ukraine, or Belarus but sells additives and specialty ingredients in these regions. The company has a global presence in North America, Europe, and Asia Pacific. In February 2022, Arkema acquired Ashland’s Performance Adhesives business for a reported USD 1.65 billion enterprise value, aligning with Arkema's goal to be a pure specialty materials player by 2024.

5. Avery Dennison Corporation:

Avery Dennison, specializes in designing and manufacturing labeling and functional materials. Operating in over 50 countries with about 32,000 employees, it offers pressure-sensitive materials, tapes, and bonding solutions for various applications. With headquarters in Ohio, U.S., the company reported a revenue of USD 9.03 billion in 2022. In August 2023, Avery Dennison Performance Tapes introduced a line of high-performing pressure-sensitive adhesive (PSA) tape products tailored for the building and construction industry, including metal building assemblies under extreme conditions.

6. BASF SE:

BASF SE, a German multinational chemical company, operates with 11 divisions grouped into six segments, spanning chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. With headquarters in Ludwigshafen, Germany, and a workforce of 111,481, it generated a revenue of USD 93.85 billion in 2022. Operating globally in around 90 countries, BASF provides products such as adhesives and sealants, servicing to over 100,000 customers.

7. Evonik Industries: 

Evonik's adhesives and sealants team comprises experts in various business lines, such as coating and adhesive resins, silica, silanes, and more. The company operates in over 100 countries, with main development centers in Marl, Wesseling, Rheinfelden, Antwerp, Mobile, and Shanghai. In 2022, Evonik reported a revenue of USD 17.58 billion, employing 34,029 staff members. In December 2020, Evonik expanded its silane-modified amorphous poly-alpha-olefins capacity, increasing production by 30%, especially beneficial for high-quality hot melt adhesives with superior bonding properties for challenging substrates such as glass, ceramics, and metals.

8. H.B. Fuller Company

H.B. Fuller Company, a global leader in adhesives and sealants products, focuses on industrial adhesives used in various manufacturing sectors. Their products contribute to the production of goods ranging from food containers to aerospace components, with sales spanning 125 countries across North America, Europe, Latin America, and Asia Pacific. In 2022, H.B. Fuller reported a revenue of USD 3.74 billion, supported by a workforce of over 7,000.

9. PPG Industries:

PPG Industries, Inc., established in 1883 in Pennsylvania, is a global provider of paints, coatings, and adhesives and sealants materials. With a presence in over 70 countries, PPG serves diverse markets such as construction, consumer products, and transportation through its Performance Coatings and Industrial Coatings segments. PPG's coatings and specialty materials cater to various applications, including industrial equipment, automotive components, and packaging materials. Notably, in August 2021, PPG inaugurated its first automotive coatings production facility in Tangier, Morocco, serving the local automobile industry.

10. RPM International Inc.:

RPM International Inc., based in Medina, U.S., specializes in manufacturing chemical products for industrial, specialty, and consumer markets. With a revenue of USD 6.70 billion and a workforce of 16,800 in 2022, RPM operates in four segments: construction products, performance coating, and adhesives and sealants products. The company has a global presence with production facilities in multiple countries, including the U.S., Japan, China, Vietnam, the Philippines, and Papua New Guinea. Subsidiaries market products in about 165 countries, and in September 2021, RPM acquired a chemical manufacturing facility in Corsicana, Texas, enhancing its manufacturing capabilities and supply chain.

Technological Advancements and Design Innovations to Stimulate Market Development

The rising adoption of new technologies and design techniques in construction activities propels the growth of the adhesives and sealants market. Contractors and craftsmen experimenting with innovative products drive manufacturers to conduct trials and develop new solutions to meet evolving industry demands. Moreover, the introduction of high-performance polymers enhances the effectiveness of adhesives and sealants, driving market growth by offering improved bonding capabilities and durability.