11%
Market Share of Sika
The competitive landscape remains very fragmented and offers significant growth potential.
Sika Strategy 2028 - Beyond the Expected
Sika makes a clear commitment to sustainable growth and increasing company value in its Strategy 2028. The Strategy is based on four key pillars: Market Penetration, Innovation & Sustainability, Acquisitions, People & Culture. It is aligned with eight major megatrends transforming the industry and driving Sika's continuous success.
Sika's Strategy 2028
MARKET PENETRATION
INNOVATION & SUSTAINABILITY
ACQUISITION
PEOPLE & CULTURE
6-9%
annual growth in LC
20-23%
EBITDA
(once MBCC synergies materialized)
>10%
Operating free cash flow
(as a % of NS)
20-25%
ROCE
(once MBCC synergies materialized)
20%
GHG emission reduction
Scope 1 & 2
(absolute reduction vs. 2022 base line)
Scope 3
reduction in line with net-zero pledge
>80%
Employee engagement rate
external survey every 2nd year
15%
Natural resources
reduction of waste disposed and water discharge per ton sold
Strong innovative foundation and future-focused approach
A strong innovative foundation and staying at the forefront of innovative advancements in its industry is key to future success. Evolving sustainability requirements, lack of natural resources, and stricter regulations increase complexity in the construction and transportation industries. Sika continuously develops solutions to meet these challenges, showcasing a high commitment to meet evolving customer needs on a daily basis.
In the context of climate change, supply-chain challenges, increasing complexity imposed by regulators, and the growing relevance of sustainable solutions across industries, Sika’s innovative power and R&D capabilities are becoming more important than ever. In addition to driving its own net-zero journey, Sika develops solutions that support its customers in their efforts to decarbonize and become more sustainable.
Our current market share of approx. 11% in a fragmented market offers significant opportunities to grow organically by gaining market share and consistently executing acquisitions.
Fostering an empowering, entrepreneurial, and inclusive corporate culture - The Sika Spirit - contributes to innovation, productivity, and agility on a local and global level.
Net sales
11,238.6
in CHF mn
EBITDA margin
18.2%
Operating free cash flow
1,372.7
in CHF mn
Megatrends shaping our world
Megatrends are worldwide shifts that have a profound impact on communities, economies, and ecosystems, shaping our collective future. Sika is leveraging its expertise to steer through these transitions, driving innovation in construction and transportation industries.
Our growth ambition
6-9%
Sika’s average annual growth rate in local currencies
Profitable growth to continue under 2028 strategy and beyond
- Sika further accelerating growth enabled by its core competencies and a strong global position.
- Total adressable market in construction chemicals and industry of over CHF 110 bn.
- World market leader and innovator in construction chemicals with an outstanding reputation among customers for its products and solutions.
- Renowned for offering solutions in construction chemicals meeting customer needs and requirements with maximum customer proximity.
Note: Historical Sales represent actual CHF values, growth figures in LC
Transforming innovation and effective sustainability
Climate change increases the complexity of the global construction sector. Increased costs, lack of natural resources, and changing climatic conditions impact construction projects worldwide. Simultaneously, technological integration and sustainability requirements are key elements to be embodied in future projects, whereas regulatory changes and labor shortages might impose further challenges.
Sika plays a pivotal role as facilitator in this transformation. Sika provides solutions that enhance products and processes, spanning from concrete admixtures enabling the decarbonization of concrete, to facade system for energy-efficient buildings, and adhesives for eco-friendly vehicles. Through its commitment to innovation and high-performing, sophisticated solutions, Sika is poised to make a pivotal contribution to helping customers adapt to the challenges of the future.
Focus on 8 target markets
Elevating our market potential through strategic initiatives to enable market share growth
Competitive landscape remains very fragmented despite ongoing M&A activity:
- Sika as the largest construction chemicals company worldwide with a global market share of around 11%
- Top 30 competitors (incl. Sika) only account for around 55% of the global market
- Sika is leveraging its strong position by expanding cross-selling activities, increasing its presence in all channels, as well as focusing on key geographies and markets.
Large, Fragmented Market
Total addressable market: CHF 110 billion*
Sika
Top competitors
*based on the review for Strategy 2028 (performed in 2023)