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3. BASF SE (Germany) and Henkel AG & Co. KGaA (Germany) are Leading Players in the Sustainable Adhesives Market

The sustainable adhesives market is projected to reach USD 3.7 billion by 2029, at a CAGR of 5.2% from USD 2.9 billion in 2024. The growth of the sustainable adhesives market is driven by several key factors. Increasing environmental awareness and stringent regulations are pushing industries to adopt eco-friendly alternatives, reducing the use of hazardous chemicals and minimizing environmental impact. The rise in consumer demand for sustainable products is also a significant driver, as customers prefer eco-friendly packaging and products. Technological advancements have led to the development of bio-based adhesives with performance comparable to traditional adhesives, making them more attractive to manufacturers. Additionally, industries such as automotive, construction, and packaging are increasingly adopting sustainable adhesives to meet sustainability goals and improve their environmental footprint. Government initiatives promoting green and sustainable practices further bolster market growth. The overall trend towards a circular economy, emphasizing the reuse and recycling of materials, also supports the adoption of sustainable adhesives. As companies strive to enhance their corporate social responsibility (CSR) profiles, the integration of sustainable adhesives in their processes becomes crucial. These factors collectively contribute to the robust growth trajectory of the sustainable adhesives market, as industries and consumers alike prioritize sustainability and environmental stewardship.

The key players in this market are BASF SE (Germany), DuPont (US), Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), Jowat SE (Germany), Dow (US), Arkema (France), Avery Dennison Corporation (US), Synthos (Poland), Paramelt B.V. (Netherlands), Artience Co., Ltd. (Japan) etc. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions and acquisitions.

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BASF SE

BASF SE is a global leader in the chemical industry, headquartered in Ludwigshafen, Germany. Established in 1865, the company operates through six primary business segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemical segment forms the backbone of BASF's operations, producing basic chemicals and intermediates that are essential for various industries. It includes products such as petrochemicals, monomers, and intermediates used in the production of plastics, resins, solvents, and adhesives. The Materials segment focuses on advanced materials and their applications. It includes the Performance Materials and Monomers divisions. Performance Materials provides solutions like engineering plastics and polyurethane systems, which are crucial for the automotive, construction, and consumer industries.

 The Industrial Solutions segment offers innovative solutions for various industries through its Dispersions & Pigments and Performance Chemicals divisions. Products include resins, additives, electronic materials, and specialty chemicals that enhance the performance and durability of industrial products, such as coatings, paints, and construction materials. Surface Technologies encompasses BASF’s catalytic and coating solutions, focusing on surface treatment and protection.

The Nutrition & Care segment serves the health and personal care industries, offering a wide range of products through its Care Chemicals and Nutrition & Health divisions. Products include vitamins, food additives, pharmaceutical ingredients, personal care ingredients, and home care products. Agricultural Solutions provides products and technologies for the agriculture industry, aimed at enhancing crop yield and quality.

BASF SE has a robust geographical presence, with operations in over 80 countries and more than 390 production sites globally. The company’s significant manufacturing facilities are strategically located to serve key markets efficiently. In Europe, BASF’s major manufacturing sites are situated in Germany, Belgium, and Spain. In North America, the company has substantial production facilities in the US and Canada. BASF also has a strong presence in the Asia Pacific region, with major sites in China, Japan, and South Korea. In South America, the company operates significant manufacturing facilities in Brazil and Argentina.

Henkel AG & Co. KGaA

Henkel AG & Co. KGaA specializes in the production, sale, and distribution of home and beauty care products, while also providing advanced adhesive technology solutions. The company operates through two main segments: Adhesive Technologies and Consumer Brands. The Adhesive Technologies segment offers a wide range of adhesives, sealants, and functional coatings for consumers, craftsmen, and various industrial applications. The Consumer Brands segment provides a diverse array of branded products for both consumer and professional use, including hair care, styling, coloring products, detergents, and fabric softeners.

Founded in 1876 and headquartered in Düsseldorf, Germany, Henkel has grown into a global powerhouse with a workforce of 47,750 employees as of 2023. Henkel's products and technologies are available worldwide, reflecting its robust presence in both mature and emerging markets. With employees hailing from 124 nations and operations in numerous locations around the globe, Henkel leverages its international diversity and extensive reach to maintain a strong market position.

H.B.Fuller Company

H.B. Fuller Company is a global leader in formulating, manufacturing, and marketing adhesives and specialty chemical products. The company operates through three main segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives. The Hygiene, Health and Consumable Adhesives segment produces and supplies adhesive products for markets such as assembly, packaging, converting, nonwoven and hygiene, health and beauty, flexible packaging, graphic arts, and envelopes. The Engineering Adhesives segment offers high-performance adhesives tailored for the transportation, electronics, clean energy, aerospace and defense, performance wood, insulating glass, textile, appliance, and heavy machinery industries.

The Construction Adhesives segment specializes in manufacturing and supplying specialty adhesives, sealants, tapes, mortars, grouts, and application devices for a variety of applications including commercial building roofing systems, heavy infrastructure projects, road/highway/airport transportation, telecom/5G utilities, industrial LNG plants, building envelope applications, HVAC insulation systems, and both residential and commercial flooring underlayment solutions. With a workforce of over 6,000 employees, H.B. Fuller serves customers in more than 125 countries. Headquartered in St. Paul, Minnesota, the company maintains a direct sales or manufacturing presence in over 35 countries, reinforcing its extensive global reach. The company has acquired companies like Beardow Adams and Wisdom Worldwide Adhesives.

Arkema

Arkema is a global leader in specialty chemicals and advanced materials, headquartered in Colombes, France. The company operates through three main business segments: Adhesive Solutions, Advanced Materials, and Coating Solutions. Arkema’s Adhesive Solutions segment includes Bostik, a world-renowned name in the adhesives market, offering innovative bonding and sealing solutions across various industries such as construction, packaging, and transportation. Within this segment, Arkema is heavily focused on sustainability, developing eco-friendly adhesives that reduce environmental impact and enhance product performance. The Advanced Materials segment encompasses high-performance polymers and additives, catering to sectors like electronics, automotive, and consumer goods, promoting lightweight and durable solutions that align with sustainability goals. The Coating Solutions segment includes products like resins and additives used in paints, coatings, and inks, supporting the shift towards low-VOC and sustainable formulations.

Arkema has a strong global presence with over 20,000 employees and operations in around 55 countries. Its strategic locations include significant manufacturing and research facilities in Europe, North America, and Asia-Pacific, allowing the company to serve a diverse international clientele effectively. The geographical presence of the company encompasses Europe, North America, South America, Middle East & Africa and Asia Pacific.

Avery Dennison Corporation

Avery Dennison Corp. specializes in labeling and packaging materials and solutions, positioning itself as a global leader in materials science and digital identification solutions. With a presence in over 50 countries and approximately 35,000 employees worldwide, Avery Dennison serves a diverse array of industries, including home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals, and automotive.

The company operates through two main segments: the Materials Group and the Solutions Group. The Materials Group manufactures and sells pressure-sensitive label materials, films for graphic and reflective products, performance tapes, and other adhesive products for industrial, medical, and other applications, as well as fastener solutions. The Solutions Group designs, manufactures, and sells a wide variety of branding and information solutions, such as brand and price tickets, tags, and labels, along with related services, supplies, and equipment. Founded in 1935, Avery Dennison is headquartered in Mentor, Ohio.

Related Reports:

Sustainable Adhesives Market by Type (Recyclable, Renewable, Biodegradable, Green), Raw Material (Water-Based, Plant-Based, EVA Based, Acrylic Based), End-Use Industry (Packaging, Woodworking, Construction, Medical), Region - Global Forecast to 2029

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