ITW produces adhesives and sealants and related products in two of its seven business segments. (The company declined to provide specific adhesives/sealants-related sales and other details.) Total revenue increased by 15% in 2021, to nearly $14.5 billion.
Among many other products, ITW’s Polymers & Fluids business produces industrial, construction, and consumer adhesives, as well as sealants. The division’s total revenue in 2021 was $1.9 billion, representing an increase of 10% over the prior year.
The Test & Measurement and Electronics division produces pressure-sensitive adhesives for applications in electronics, medical, transportation, and telecommunications (among many other products). Sales for that division increased by 15%, reaching $2.3 billion for the year.
No. 10 | Illinois Tool Works Inc.Glenview, Ill.
Chairman and CEO: E. Scott Santi
Sources: company website, annual report, press release