Key Players in the Americas Structural Adhesives Market
Merger & acquisition and expansion were the key strategies adopted by the industry players to achieve growth in the Americas structural adhesives market, in 2015. These strategies together accounted for the largest share of all growth strategies adopted by the market players.
The structural adhesives market in Americas is growing significantly owing to rising demand, especially from Mexico, Colombia, and Brazil from applications such as construction & building, transportation, automotive, wind and marine applications, which has encouraged companies to adopt this strategy. The market players are focusing on entering new markets by acquiring adhesive manufacturers and by establishing new plant in emerging countries. 3M Company (U.S.), Arkema (France), Henkel AG & Company (Germany), Lord Corporation (U.S.), and Scott Bader (U.K.), are some of the leading market players who adopted these strategies to develop their business between 2011 and 2015.
Companies adopted strategies of partnership and agreements, and new product development to increase their market share and enter new application areas. These strategies also accounted for a significant share of the total number of growth strategies adopted by players in the Americas structural adhesives market between 2011 and 2015.
Similarly, in May 2013, Henkel opened a new adhesive manufacturing plant in Brazil, in an area of 12,000 m² which increased the polyurethane manufacturing capability and helped to cater to industrial applications.