FEATURE

Photo courtesy of gremlin via gettyimages.com.

Our annual ASI Top 20 list of leading global adhesive and sealant manufacturers emphasizes sales figures and other details for finished adhesives and sealants, as well as related products such as tapes and labels.

Every year, we study the leading worldwide manufacturers of adhesives and sealants to compile the ASI Top 20. In considering the rankings, we focus on sales figures (and other details) for finished adhesives and sealants, as well as related products such as tapes and labels.

We would like to particularly thank the companies that responded to our requests and provided specific details regarding their adhesives and sealants operations and financial results. We understand that it takes time and effort to compile this information. Please know that your input immeasurably improves the quality of the list and helps ensure that it continues to be seen and used as a global industry resource.

In addition to information supplied by company contacts, we gathered details from annual reports, company websites, press releases, and other sources. In cases where organizations did not respond to our requests or declined to provide adhesives/sealants-focused information, and reasonable estimates could not be made based on publicly available information, some companies did unfortunately have to be left out.

If you would like your company to be considered for the 2023 ASI Top 20, or if you have any questions or suggestions for future rankings, please contact Susan Sutton, editor-in-chief, at (248) 786-1704 or suttons@bnpmedia.com.

Water, Liquid, World, Font

No. 20

General Sealants, Inc.
General Sealants manufactures sealants (e.g., silicone, polysulfide, polyolefin, polyacrylic, ethylene propylene), butyl tapes, mastics, and vacuum bag sealant tapes. The company’s sales increased by approximately 9% in 2021.
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Water, Liquid, World, Font

No. 19

Toagosei Group
Toagosei Group’s Adhesive Material segment saw net sales increase by 13% in 2021, reaching almost ¥11.4 billion (approximately $89.2 million). Revenue for instant adhesives in both consumer and industrial markets increased, as did that for functional adhesives.
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Land lot, Natural landscape, Sky, Cloud, Plant, Nature, Building, Tree, Grass

No. 18

DELO Industrial Adhesives
DELO produces industrial adhesives for automotive, consumer, and electronics applications, as well as dispensing and curing equipment. The company’s total sales for its 2022 fiscal year (ended March 31, 2022) reached €182 million (approximately $194.8 million), a 9% increase over 2020.
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Plant, Sky, Property, Fixture, Building, Flower

No. 17

Jowat SE
Jowat SE produces industrial adhesives for a range of applications. Its manufacturing facilities are located in: Detmold and Elsteraue, Germany; High Point, N.C., Buchrain, Switzerland; and Bandar Baru Enstek, Malaysia.
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Water, Liquid, World, Font

No. 16

Nan Pao Resins Chemical Co., Ltd.
Consolidated revenue for Nan Pao grew 15.6% in 2021, reaching nearly NT$18 billion (approximately $607.4 million). Adhesives accounted for 72% of that revenue, or about NT$12.9 billion (~ $437.3 million).
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Land lot, Plant, Window, Grass, Tree

No. 15

Mactac
Mactac’s pressure-sensitive adhesives and related products (e.g., films, tapes, labels) are used in a range of applications, including transportation, building and construction, graphics, medical, and more. In early 2022, the company acquired Spinnaker Coating, as well as CSI-SoCal.
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Water, Liquid, World, Font

No. 14

Pidilite Industries Ltd.
Pidilite operates with three main business segments: Consumer & Bazaar (79.6% of total net sales), Business to Business (19.7%), and Others (0.7%). The company’s consolidated net sales in its 2022 fiscal year (ended March 31, 2022) were Rs 9,880 cr (approximately $1.3 billion).
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Product, Line

No. 13

Berry Global, Inc.
Berry Global’s Health, Hygiene & Specialties segment produces adhesives, sealants, and tapes (among many additional products.) (The company declined to provide specific adhesives/sealants-related sales and other information.)
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Interior design, Property, Product, Plant, Building, Couch, Houseplant, Floor, Flooring

No. 12

Wacker Chemie AG
Wacker’s Silicones business segment manufactures silicone sealants, along with elastomers, emulsions, resins, and many other products. The segment’s total sales reached nearly €2.6 billion (approximately $2.8 billion). (The company declined to provide specific adhesives/sealants-related sales and other information.)
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Azure, Wood

No. 11

DuPont
DuPont produces adhesives and related solutions for applications in electric and hybrid vehicles and the automotive aftermarket, along with composite, glass, and rubber-to-substrate bonding. The company’s 2021 net sales for adhesives, sealants, and related products was $780 million.
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Water, Liquid, World, Font

No. 10

Illinois Tool Works Inc.
ITW produces adhesives and sealants and related products in two of its seven business segments. (The company declined to provide specific adhesives/sealants-related sales and other details.)
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Water, Liquid, World, Font

No. 9

LINTEC Corp.
Total net sales for LINTEC grew by 8.9% in its 2022 fiscal year (ended March 31, 2022). The company employs approximately 5,100 people worldwide; it has three Japan-based consolidated subsidiaries, as well as 39 additional consolidated subsidiaries around the world (including Mactac; see separate listing).
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Arthropod, Slope, Insect

No. 8

Huntsman Corp.
Huntsman’s revenue for adhesives, sealants, and related products in 2021 was approximately $940 million. Regionally, the Advanced Materials division achieved the highest amount of sales revenue in Europe (36%) in 2021, followed by the U.S. and Canada (30%).
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Water, Liquid, World, Font

No. 7

RPM International Inc.
RPM’s four business units include: Construction Products Group, Consumer Group, Performance Coatings Group, and Specialty Products Group. Adhesives and sealants are produced primarily in the Construction Products and Consumer groups. (The company declined to provide specific adhesives/sealants-related sales and other details.)
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Motor vehicle

No. 6

Sika AG
Sika reported record total sales in 2021, driven primarily by the recovering construction industry. Group sales grew 17.5% to reach almost CHF 9.2 billion (approximately $9.6 billion) for the year. (The company declined to provide specific adhesives/sealants-related sales and other details.)
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Mode of transport, Water, Boat, Watercraft, Cloud, Building, Window, Sky, Mast, Lake

No. 5

Arkema Group
Bostik, Arkema’s Adhesives segment, achieved almost €2.3 billion (approximately $2.5 billion) in revenue in 2021. An increase of 14.1% over 2020, this represented 24% of Arkema’s total revenue for the year. The company operates 70 production sites and has a commercial presence in 50 countries around the world.
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Land lot, Urban design, Plant, Flower, Property, Botany, Vegetation, Tree, Grass

No. 4

H.B. Fuller
H.B. Fuller’s net revenue grew by 17.5% to reach almost $3.3 billion in 2021. The company’s three business units—Hygiene, Health and Consumable Adhesives (HHC); Engineering Adhesives (EA); and Construction Adhesives (CA)—all saw double-digit increases in net revenue for the year.
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Bottle cap, Personal care, Material property, Liquid, Solution, Drinkware, Fluid, Drink

No. 3

Avery Dennison Corp.
Avery Dennison operates in three main business units: Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS); and Industrial and Healthcare Materials (IHM). (The company declined to provide specific adhesives/sealants-related sales and other details.)
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Tower block, Land lot, Urban design, Sky, Plant, Building, Daytime, Property, Architecture, Grass

No. 2

3M
Among many others, myriad adhesives, sealants, and related products (e.g., tapes, films, wound care/closure products) are produced in each of 3M’s four business segments: Safety & Industrial (representing 36% of 3M’s total 2021 net sales of $35.4 billion), Transportation & Electronics (28%), Health Care (26%), and Consumer (17%).
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Urban design, Tower block, Residential area, Material property, Sky, Building, Daytime

No. 1

Henkel GmbH & Co. KGaA
Henkel’s Adhesive Technologies segment accounted for 48% of its total sales in 2021, or €9.6 billion (approximately $10.3 billion). Compared to the prior year, the Adhesive Technologies’ segment saw sales increase by 11%, due primarily to industrial recovery following the COVID-19 pandemic, as well as pricing increases.
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Editor’s note: The ASI Top 20 is based, in part, on publicly available financial information, including annual sales/revenue, along with details supplied by company contacts and other sources. Information was verified whenever possible, but adhesives/sealants-related details have been estimated in some cases. In other cases, details for privately held companies have been withheld on request. Financial figures are generally rounded, and the timing of currency conversions may impact specific figures/results.

Where specific and verifiable information was not provided and reference materials were not readily available, some companies unfortunately had to be left out. If you have questions or would like details regarding how to have your company considered for future ASI Top 20 rankings, contact Susan Sutton, editor-in-chief, at (248) 786-1704 or suttons@bnpmedia.com.

Huntsman photo courtesy of Blade Solutions AB. All other images provided by their respective companies.

JULY 2022

Product, People, Vertebrate, Text, Property, Photograph, White, Beauty, Magenta, Community