Henkel AG and Co. Kgaa, 3M, And Sika are Dominating the Turkey Adhesive Market In 2021

Turkey Adhesive Market is expected to grow with a CAGR of 5.6% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.

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Turkey adhesive market is a highly consolidated market, which includes a specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in Turkey Adhesive market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

  • In June 2021, Henkel AG and Co. KGaA developed Loctite E.A. 9365FST, a new two-part epoxy adhesive for use in aircraft interiors that reinforces and bonds thermoplastic and thermoset substrates and can serve as a matrix resin on fiberglass to strengthen the thin walls of thermoplastic assemblies. With this development company is enhancing its product portfolio in the market
  • In April 2021, 3M launched its new product named 3M silicone adhesive to help in improving medical devices intended for people with fragile skin. In addition, it provides a balances strength, flexibility, and comfort. With this development company is enhancing its product portfolio in the market

Turkey Adhesive MarketHenkel AG and Co. KGaA

Henkel AG and Co. KGaA is headquartered in Düsseldorf, Germany, as public ownership. It was founded in the year 1876. The company operates worldwide with leading innovations, brands, and technologies in three business areas: adhesive technologies, beauty care, and laundry and home care. The company has business segments such as adhesive technologies, laundry and home care, beauty care, under which adhesive technologies is a market-focused segment. The company has wide product categories such as Adhesive Technologies, Beauty Care, and Laundry and Home Care, under which Adhesive Technologies is a market-focused product category. The company has a presence in Europe, North America, Middle East, and Africa, Latin America, Asia-Pacific. The company has subsidiaries which are Loctite (U.S.), Henkel Japan Ltd. (Japan), Henkel Corporation (U.S.), DevaCurl (U.S.), Henkel Korea Ltd.(South Korea), Nattura Laboratorios, S.A. de C.V. (Mexico), among others.

  • In February, Henkel AG and Co. KGaA launched a new range of hot melt adhesives named Technomelt Supra ECO, which provides greater sustainability and lowers CO2 emissions, and offers greater sustainability. With this development company is enhancing its product portfolio in the market.
  • In May 2021, Henkel AG and Co. KGaA invested in the Innovation Center in Shanghai with the construction of a new Adhesive Technologies Innovation Center in Shanghai, with an investment of more than 60 million Euro (RMB 500 million). The new site will also strengthen the position of Henkel Adhesive Technologies to serve a variety of industries and develop leading adhesives, sealants, and functional coatings solutions for customers in the region.

3M

3M is headquartered in Minnesota, the U.S., as public ownership, and it was founded in the year 1902. The company is engaged in the manufacturing of products that are used in homes, businesses, schools, hospitals, and other industries. The company has business segments such as safety and industrial, transportation and electronics, health care, consumers under which safety and industrial is market focused segment. The company offers a wide range of product categories such as abrasives, adhesives, sealants and fillers, advanced materials, automotive parts and hardware, building materials, cleaning supplies, coatings, communications, compounds and polishes, dental and orthodontics, electrical, electronics components, films and sheeting, filtration and separation, home, insulation, lab supplies and testing, labels, lubricants, medical, office supplies, personal protective equipment, signage and marking, tapes, tools and equipment under which adhesives, sealants, and fillers are the market focused categories. The company has a presence in Europe, the Americas, the Middle East and Africa, Asia-Pacific. The company has subsidiaries which are Kinetic Concepts (U.S.), 3M India Ltd (India), 3M Japan Ltd (Japan), Scrub Daddy (U.S.), 3M ESPE AG (U.S.), among others.

  • In April 2021, 3M launched its new product named 3M silicone adhesive to help in improving medical devices intended for people with fragile skin. In addition, it provides a balances strength, flexibility, and comfort. With this development company is enhancing its product portfolio in the market
  • In December 2020, 3M launched its new product named Hi-Tack Silicone Adhesive Tapes to helps improve the lives of patients using wearable medical devices needing longer wear. With this development company is expecting to enhance its product portfolio

Sika

Sika is headquartered in Baar, Switzerland, as public ownership, and it was founded in 1910. The company is engaged in the development and production of systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and motor vehicle industry. The company has business segments such as EMEA, Americas, Asia/Pacific, and Global Business, under which EMEA is the market-focused segment. The company offers a wide range of solutions such as construction solutions, industry solutions, under which construction solution is the market-focused solution. The company has a wide presence in Europe, Middle East, and Africa, the Americas, Asia-Pacific. The company has subsidiaries which are Sika Deutschland GmbH (Deutschland), Sika Canada Inc. (Canada), Schonox GmbH (Deutschland), Sika (N.Z.) Limited (New Zealand), among others.

  • In September 2019, Sika announced the acquisition of Crevo-Hengxin, a Chinese manufacturer of silicone sealants and adhesives used in both industry and construction applications. With this acquisition, the company is expecting to expand its target markets industry and sealing and bonding presence in China and the Asia Pacific region
  • In March 2021, Sika acquired the flooring adhesives business of DriTac, a US-based floor covering adhesives company with an especially strong position in wood floor bonding. This acquisition will contribute to Sika’s increased presence among floor covering installers and distributors in the market