2022 ASI Top 20: Sika

Sika organizes its product offerings into Construction Solutions and Industry Solutions, with specified Target Markets including: Concrete, Waterproofing, Roofing, Building Finishing, Flooring Engineered Refurbishment, and Industry. For the seven construction-focused segments, Sika produces products ranging from sealants, adhesives, and tapes to spray foams and coatings, among many others. The Industry market focuses on a range of solutions (including structural adhesives and sealants) for automotive and commercial vehicle assembly.

Sika reported record total sales in 2021, driven primarily by the recovering construction industry. Group sales grew 17.5% to reach almost CHF 9.2 billion (approximately $9.6 billion) for the year. (The company declined to provide specific adhesives/sealants-related sales and other details.)

The company reports its financial results primarily according to key regions: EMEA (Europe, Middle East, Africa), Americas, and Asia-Pacific, as well as a Global Business segment that targets the automotive industry. All segments saw sales increase in 2021: EMEA, 16.1% to CHF 4.1 billion (~ $4.2 billion); Americas, 21% to CHF 2.4 billion (~ $2.5 billion); Asia-Pacific, 19.4% to CHF 2.1 billion (~$ 2.2 billion); and Global Business, 4.3% to CHF 673 million (~ $694.9 million).

Worldwide, Sika has approximately 27,000 employees, 300 manufacturing facilities, and subsidiaries in 101 countries. The company invested CHF 214.3 million (~ $221.3 million) on R&D in 2021, an increase of 10.7% over 2020.

Note: Opening image courtesy of Sika.