FEATURE TOP 20 | July 2024 | 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.

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

When creating this article, ASI researches the leading worldwide manufacturers of adhesives and sealants and compiles the ASI Top 20. In considering the rankings, we focus on 2023 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. 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 2025 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 11.46% in 2023 compared to 2022 sales. The company reports that its adhesives for automotive batteries for both hybrid and fuel-cell vehicles are being adopted in an increasing number of new vehicles.

Land lot, Urban design, Cloud, Sky, Plant, 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 reported a sales increase of 12% in 2023 compared to 2022.

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.

Urban design, Building, Sky, Plant, Window

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 decreased 6.47% in 2023. Adhesives accounted for a significant portion of that revenue.

Land lot, Plant, Sky, Window, Tree, Building

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

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 a decrease in full-year 2023 net sales of approximately 7% compared to 2022.

No. 13

Berry Global Inc.

Net sales in Berry Global’s Health, Hygiene & Specialties segment decreased 17% to $2.6 billion in the 2023 fiscal year (ended September 30, 2023). The segment produces adhesives, sealants, and tapes (among many additional products).

No. 12

Pidilite Industries Ltd.

Pidilite’s consolidated net sales in its 2024 fiscal year (ended March 31, 2024) were approximately $1.480 billion, representing an increase of 5% over the prior fiscal year. The company attributed increased sales to robust underlying volume growth across categories and geographies.

Water resources, Land lot, Urban design, Natural landscape, Residential area, Daytime, Property, Building, Neighbourhood, City

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 €2.74 billion (approximately $3.02 billion).

No. 10

Illinois Tool Works Inc.

ITW produces adhesives and sealants and related products in two of its seven business segments. While specific adhesives/sealants-related sales and other details are not available, total revenue increased by 1% in 2023, to nearly $16.1 billion.

Tower block, Urban design, Material property, Sky, Building, Window, Skyscraper, Condominium

No. 9

Huntsman Corp.

Huntsman’s Advanced Materials division produces polymer resin systems and adhesives. The division total sales for 2023 of approximately $1.09 billion. Among the end-markets served by this division are infrastructure, general industry, automotive, commodity, and aerospace.

No. 8

LINTEC Corp.

Total net sales for LINTEC fell by 2.9% in its fiscal year that ended March 31, 2024. The company has three Japan-based consolidated subsidiaries, as well as 39 additional consolidated subsidiaries around the world.

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 approximately 10% in its fiscal year 2023 (ended May 31, 2023), reaching $7.26 billion. Specific sales for adhesives, sealants, and related products were not available.

No. 6

Sika

Sika again recorded strong growth in 2023, recording increased net sales; it also reported a 21.1% increase in the number of employees from 2022 to 2023. Specific adhesives/sealants-related sales details were not available.

Motor vehicle, Daytime, White, Light, Sky, Cloud, Font, Tree, Line, Window

No. 5

Arkema Group

The Adhesive Solutions segment of Arkema achieved sales of €2.714 billion (approximately $2.995 billion) in 2023, a decline of 6.3% compared to sales in 2022. However, sales in the second half of 2023 grew by 16%.

Land lot, Urban design, Plant, Flower, Building, Vegetation, Tree, Grass, Landscape

No. 4

H.B. Fuller

H.B. Fuller’s net revenue decreased 6.4% in 2023 compared to 2022. According to the company, the decrease was driven mainly by a lower sales volume of 8.4% and a decrease of 2.4% because of currency fluctuation.

Wind farm, Land lot, Windmill, Sky, Daytime, Light, Plant, Infrastructure, Tree

No. 3

Avery Dennison Corp.

With total 2023 net sales of $8.36 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, Sky, Building, Plant, Daytime, Property, Architecture, Condominium, Grass, Neighbourhood

No. 2

In 2023, 3M operated in four business groups: Safety & Industrial, which posted $11.0 billion in sales for 2023 (34% of total sales); Consumer, with $5.0 billion in 2023 sales (15% of total sales); Healthcare, with $8.2 billion in 2023 sales (25% of total sales); and Transportation & Electronics, with $8.5 billion in sales for 2022 (26% of total sales).

Urban design, Tower block, Cloud, Sky, Building, Plant, Vegetation, Tree, Grass, Neighbourhood

No. 1

Henkel GmbH & Co. KGaA

Henkel recorded revenue of approximately €21.5 billion (approx. $23.73 billion) in 2023, down 3.9% compared to 2022. The Adhesive Technologies business accounted for 50% of that revenue with approximately €10.79 billion (approximately $11.9 billion) in sales for 2023, down 4% compared to 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.

H.B. Fuller - Voices from the Top

JULY 2024

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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.

H.B. Fuller - Voices from the Top

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