Adhesives Sealants Market
November 2023-Â Jordanian MRO provider Joramco signed several aftermarket agreements at the 2023 Dubai Airshow covering aircraft maintenance and materials consignment. On Nov. 13, it extended its partnership with Bahrain's Gulf Air through a new agreement, under which it will provide heavy checks for the airline's fleet over the next four years from its facility at Queen Alia International Airport in Jordan. According to Gulf Air CEO Captain Waleed Abdul Hameed Alalawi, the agreement will help it meet demands for its expanding fleet. Joramco also signed an agreement with Emirates on Nov. 14 covering nose-to-tail Boeing 777 maintenance services through the end of 2025. Meanwhile, the MRO provider signed two consignment agreements aimed at more cost-efficient operations. On Nov. 15, it signed a consignment agreement with independent aircraft parts distributor Proponent, which it says will increase spare availability, reduce inventory costs, and improve turnaround times. The same day, Joramco signed a new customer consignment agreement with UK-based Aerospheres, a distributor of aviation industry chemicals, paints, adhesives, sealants, composites, and general consumables. Under the deal, Aerospheres will consign inventory to Joramco, which will enable the MRO provider to consume directly from stock. Joramco CEO Fraser Currie says the use of consignment stock will offer a range of business benefits, including lower scrappage rates, improved cash flow, and reduced freight and purchasing administration expenses. Currie says that this innovative step will not only help us reduce inventory hold costs but will also ensure the uninterrupted availability of materials to service the company's valued customers.
In October 2023, Henkel introduced an ecological friendly packaging pressure-sensitive adhesives that are bio-based and waterborne.
In October 2023, Sika AG acquired a specialty chemical company, thereby expanding its portfolio of high-temperature adhesives for industrial use.
H.B. Fuller made public in November 2023 that the company entering into a collaboration with a leading manufacturer of electric vehicles to develop high-performing battery assembly adhesives.
This UK-based adhesive manufacturing company produces numerous industrial adhesives, which H.B. Fuller bought in June 2023.
January 2022: Bostik has signed an agreement with DGE Group; a special chemicals distributor, to distribute its product range across Europe, the Middle East and Africa (EMEA). This includes Born2Bond engineering adhesive for automotive, electronics and luxury packaging, as well as several others for by-the-dot applications.
Key Companies in the Adhesives and Sealants market include
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3M
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Henkel AG Co. KGaA
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Tangent Industries
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Evonik Industries AG
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Novachem Corporation
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H.B. Fuller
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Dow Corning Corporation