FEATURE Top 20 | July 2023 | Adhesives & Sealants

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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, ASI researches 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 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 significantly 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 2024 ASI Top 20, or if you have any questions or suggestions for future rankings, please contact Karen Parker, editor-in-chief, at (248) 833-7364 or parkerk@bnpmedia.com.

No. 20

General Sealants, Inc.

General Sealants is a leading manufacturer of extruded sealants (e.g., butyl, silicone, polysulfide, polyolefin, polyacrylic, ethylene propylene), serving a diverse customer base in industries such as automotive, composites, construction, electrical, HVAC, industrial manufacturing, refrigeration, and telecommunication.

No. 19

Toagosei Group

Toagosei Group’s Adhesive Material segment saw net sales decrease by 1.8% in 2022 compared to 2021 sales, reaching almost ¥11.13 billion (approximately $84.4 million). Sales were down due to fewer sales of instant glues and lower sales for functional adhesives as smart phone production dropped.

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No. 18

DELO Industrial Adhesives

DELO produces industrial adhesives for automotive, consumer, and electronics applications, as well as dispensing and curing equipment. The company reported an increase in total fiscal year 2022 sales of 12% compared the same period in 2021.

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No. 17

Jowat SE

Founded in 1919, Jowat SE produces industrial adhesives for a range of applications, including woodworking and furniture manufacturing, paper and packaging, graphic arts, textiles, automotive, and electrical/electronics.

No. 16

Nan Pao Resins Chemical Co., Ltd.

Among the products produced by Nan Pao are specialty adhesives, footwear adhesives, and hot-melt adhesives. Consolidated revenue for Nan Pao grew 22.4% in 2022 compared to 2021. Adhesives accounted for 74% of that revenue.

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No. 15

Mactac

Mactac 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.

No. 14

Pidilite Industries Ltd.

Pidilite’s consolidated net sales in its 2023 fiscal year (ended March 31, 2023) represent an increase of 18.9% over the prior fiscal year. Strong volume growth, improved mix, and price increases accounted for higher fiscal-year sales.

No. 13

DuPont

DuPont produces adhesives and related solutions for applications in electric and hybrid vehicles and the automotive aftermarket, along with composite, glass, and rubber bonding. The company reported full-year 2022 net sales of $13.0 billion; it declined to give specific adhesives sales.

No. 12

Berry Global Inc.

Net sales in Berry Global’s Health, Hygiene & Specialties segment increased 3% to $3.17 billion in the 2022 fiscal year (ended October 2, 2022). The segment produces adhesives, sealants, and tapes (among many additional products).

No. 11

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 €3.45 billion (approximately $3.7 billion) in 2022.

No. 10

Illinois Tool Works Inc.

ITW produces adhesives and sealants and related products in two of its seven business segments. While the company declined to provide specific adhesives/sealants-related sales and other details, total revenue increased by 10% in 2022, to nearly $15.9 billion.

No. 9

LINTEC Corp.

Total net sales for LINTEC grew by 10.8% in its 2023 fiscal year (ended March 31, 2021). The company has three Japan-based consolidated subsidiaries, as well as 39 additional consolidated subsidiaries around the world.

No. 8

Huntsman Corp.

Huntsman’s Advanced Materials division produces polymer resin systems and adhesives. The division’s total sales for 2022 were approximately $1.3 billion. Among the end-markets served by this division are infrastructure, general industry, automotive, commodity, and aerospace.

No. 7

RPM International Inc.

Offering brands including Kwik Seal, Tremco, Universal Sealants, Miracle Sealants, SEAL-KRETE, Touch 'n Foam, and Zinsser, RPM’s total sales grew 10% in its 2022 fiscal year (ended May 31, 2022), reaching $6.7 billion. Specific sales for adhesives, sealants, and related products were not available.

No. 6

Sika AG

Sika achieved record sales in 2022, reporting approximately CHF 10.5 billion (~ $11.4 billion) in net sales, which represents an increase of 13.4% year-over-year. The company did not provide specific adhesives/sealants-related sales details.

No. 5

Arkema Group

The Adhesive Solutions segment of Arkema achieved almost €2.9 billion (approximately $3.1 billion) in revenue in 2022, representing 25% of Arkema’s total revenue for the year.

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No. 4

H.B. Fuller

H.B. Fuller’s net revenue grew by 14.4% in 2022. The company’s three business units—Hygiene, Health and Consumable Adhesives (HHC); Engineering Adhesives (EA); and Construction Adhesives (CA)—all reported double-digit increases in net revenue.

No. 3

Avery Dennison Corp.

With total 2022 net sales of $9 billion, Avery Dennison operates within two business groups: Materials Group, which includes label materials, graphic materials, and functional bonding materials, and Solutions Group, which provides RFID, branding, and data management solutions.

Tower block, Urban design, Residential area, Building, Sky, Plant, Tree

No. 2

3M operates in four business groups: Safety & Industrial, which posted $11.6 billion in sales for 2022; Consumer, with $5.3 billion in sales; Healthcare, with $8.4 billion in sales; and Transportation & Electronics, with $8.9 billion in sales.

Commercial building, Urban design, Flooring, Floor

No. 1

Henkel GmbH & Co. KGaA

In 2022, Henkel recorded revenue of approximately €22.4 billion, with its Adhesive Technologies business reporting approximately €11.2 billion (~ $12 billion) in sales, up 16.6% compared to 2021 and approximately 50% of total company sales for 2022.

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.

All images provided by their respective companies.

JULY 2023

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