Sika announced on August 12, 2023 that it has acquired Chema, a leading mortar manufacturer in Peru. Chema is a family-owned business with over 50 years of experience in the mortar industry. The acquisition will strengthen Sika's position in the Peruvian market and support its growth strategy in Latin America.
Sika reported on August 9, 2023 that its sales increased by 7.9% in the first half of 2023 to CHF 5.5 billion. The company's profit also increased by 11.3% to CHF 714 million. Sika attributed the growth to the successful consolidation of the MBCC acquisition and strong demand in all regions.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4519
Published Date: Aug 22, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for automotive sector is the major factor driving the market growth.
The market size of adhesives & sealants is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023-2035.
The major players in the market are Henkel AG & Co. KGaA, 3M, BASF SE, Sika AG, Dow Inc., and others.
The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.