Polyester Adhesives

Polyester Adhesives Market Outlook

The global polyester adhesives market is projected to reach USD 8.6 billion by 2035, growing at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2035. This growth can be attributed to the increasing demand for lightweight materials in various industries, including automotive and construction, as companies look for adhesives that offer strong bonding capabilities while contributing to overall weight reduction. Additionally, the shift towards eco-friendly and sustainable adhesive solutions is driving innovation within the market. Enhanced performance characteristics, such as superior adhesion, heat resistance, and moisture resistance, are also leading to the expanding application of polyester adhesives across diverse industries. Furthermore, advancements in manufacturing technologies and formulations are enabling the development of more efficient adhesive products, thus contributing to the robust growth outlook of the market.

Growth Factor of the Market

The polyester adhesives market is experiencing significant growth due to a combination of factors that cater to the evolving needs of various industries. One of the primary growth drivers is the increasing demand for efficient bonding solutions in the automotive sector, where lightweight and high-performance materials are paramount for improving fuel efficiency and sustainability. Additionally, the booming construction industry is driving the demand for polyester adhesives that provide durable and robust bonds for various substrates, enhancing the structural integrity of buildings and infrastructure. Innovations in formulations that provide enhanced performance characteristics, such as resistance to chemicals and high temperatures, are also propelling market growth. Furthermore, the rising focus on environmentally friendly manufacturing processes and the adoption of bio-based polyester adhesives are contributing to a sustainable future, appealing to consumers and manufacturers alike. Lastly, the growing popularity of e-commerce and packaged goods is augmenting the need for reliable adhesive solutions in the packaging sector, establishing polyester adhesives as a versatile choice across multiple applications.

Key Highlights of the Market

• The market is projected to grow at a CAGR of 5.2% from 2025 to 2035, reaching USD 8.6 billion.
• Increased adoption of eco-friendly adhesive solutions is shaping market dynamics.
• The automotive industry is anticipated to hold a significant share of the market due to lightweight material demands.
• Technological advancements in formulation are enhancing the performance of polyester adhesives.
• Strong growth in the packaging sector is driving demand for polyester adhesives, especially in e-commerce.

By Product Type

Thermosetting Polyester Adhesives:

Thermosetting polyester adhesives are a pivotal category in the polyester adhesives market, known for their robust bonding capabilities and thermal stability. These adhesives harden upon curing, creating a permanent bond that withstands high temperatures and harsh environmental conditions, making them ideal for applications in industries such as automotive, aerospace, and construction. Their chemical resistance further enhances their applicability, particularly in scenarios where exposure to solvents or corrosive substances is common. The increasing trend toward high-performance materials in various sectors is propelling demand for thermosetting adhesives, as manufacturers seek reliable solutions that can withstand demanding operational environments. Additionally, their versatility in bonding dissimilar materials contributes significantly to their popularity in modern manufacturing processes.

Thermoplastic Polyester Adhesives:

Thermoplastic polyester adhesives are gaining traction due to their unique properties, which allow for re-processing and re-use of adhesive bonds. This characteristic, combined with good adhesion to a variety of substrates, makes them particularly valuable in industries that require flexibility and the potential for bond adjustment during assembly. Applications in packaging and automotive sectors benefit from these adhesives as they provide quick setting times and can be easily applied using standard hot melt equipment. The increasing focus on sustainability is also driving the demand for thermoplastic polyester adhesives, as they can be formulated with bio-based materials and are often recyclable, aligning with modern environmental standards.

Waterborne Polyester Adhesives:

Waterborne polyester adhesives are becoming increasingly popular due to their low environmental impact and favorable safety profiles. These adhesives are formulated to be water-soluble, making them an excellent choice for industries that prioritize sustainability, such as furniture manufacturing and packaging. They emit minimal volatile organic compounds (VOCs), which contributes to improved indoor air quality, a significant consideration for manufacturers and consumers alike. The ease of application and clean-up associated with waterborne products further enhances their attractiveness, while their robust performance characteristics ensure they can meet the stringent requirements of various applications. As regulations around chemical emissions tighten globally, waterborne polyester adhesives are expected to see increased adoption.

Solvent-borne Polyester Adhesives:

Solvent-borne polyester adhesives continue to hold a substantial market share due to their strong bonding capabilities and versatility across a range of applications. These adhesives are particularly effective in bonding materials that require high resistance to moisture and chemicals, making them suitable for industrial applications where performance is paramount. However, their use is being scrutinized due to environmental concerns related to solvent emissions. Despite this challenge, many manufacturers are reformulating their solvent-borne products to reduce VOC content while maintaining performance standards. This balancing act of meeting performance needs while adhering to regulatory requirements presents both challenges and opportunities in the market for solvent-borne polyester adhesives.

Hot Melt Polyester Adhesives:

Hot melt polyester adhesives are renowned for their fast setting times and strong initial tack, making them a favorite choice in applications requiring quick assembly and high productivity. Their solidification process upon cooling allows for easy application and facilitates the bonding of different substrates without the need for curing time. This characteristic is particularly beneficial in industries such as packaging and furniture, where efficiency and speed are crucial. Additionally, the rising trend of automation in manufacturing processes is driving the demand for hot melt adhesives, as they can be easily integrated into automated dispensing systems. The versatility of hot melt polyester adhesives continues to enable their application across diverse sectors, fostering market growth.

By Application

Automotive:

The automotive industry is a significant driving force behind the polyester adhesives market, as manufacturers increasingly seek lightweight bonding solutions that enhance fuel efficiency and vehicle performance. Polyester adhesives are utilized in various applications within the automotive sector, including interior assembly, exterior bonding, and composite materials. Their excellent resistance to heat, chemicals, and moisture ensures that bonded components can endure the demanding environments experienced in vehicles. Additionally, the trend toward electric vehicles, which often require advanced materials to optimize performance, is further propelling the demand for innovative polyester adhesive solutions tailored to meet these specific needs.

Construction:

In the construction sector, polyester adhesives play a vital role in providing durable and robust bonding solutions for materials like wood, concrete, and metals. Their ability to withstand environmental stresses, such as moisture and temperature fluctuations, makes them indispensable in both residential and commercial construction applications. With the growing emphasis on building sustainability and energy efficiency, polyester adhesives are being adopted for applications that require superior performance in thermal insulation and energy-efficient constructions. The expansion of the construction industry globally, driven by urbanization and infrastructure development, provides a significant opportunity for polyester adhesive manufacturers to capture market share through innovative product offerings.

Electronics:

The electronics industry is increasingly adopting polyester adhesives due to their excellent electrical insulation properties and strong bonding capabilities. These adhesives are particularly useful in the assembly of electronic components, such as circuit boards and displays, where precision and reliability are essential. Polyester adhesives enable manufacturers to achieve tighter tolerances and enhanced durability, which are critical in high-performance electronic applications. Furthermore, as the demand for smaller and more complex electronic devices rises, the need for programmable and adaptable adhesive solutions is facilitating the growth of polyester adhesives within this sector.

Packaging:

In the packaging sector, polyester adhesives are favored for their strong adhesion and ability to bond different materials, including plastic films, paper, and cardboard. With the rise of e-commerce and the growing need for efficient and durable packaging solutions, the demand for polyester adhesives is surging. They provide excellent seal integrity, which is crucial for maintaining product quality during storage and transportation. Additionally, the shift toward sustainable packaging solutions is encouraging manufacturers to explore bio-based variants of polyester adhesives that align with consumer preferences for eco-friendly products, thereby reinforcing the market's growth trajectory.

Furniture:

The furniture industry continues to leverage polyester adhesives for their strong bonding properties, which are essential for ensuring the durability and longevity of furniture products. These adhesives are used in the assembly of various materials, including wood, laminate, and upholstery, providing reliable bonds that can withstand everyday wear and tear. The trend towards customized and modular furniture solutions is also driving the demand for polyester adhesives, as manufacturers require versatile bonding solutions that can adapt to different designs and materials. The growing focus on aesthetics combined with performance is facilitating the adoption of advanced polyester adhesives in furniture manufacturing processes.

By Distribution Channel

Direct Sales:

Direct sales channels have become increasingly important in the polyester adhesives market, allowing manufacturers to establish a direct relationship with consumers and industry clients. This approach facilitates a better understanding of customer needs and preferences, enabling companies to tailor their products and services accordingly. Direct sales also provide businesses with a platform to showcase their innovations and technical expertise, helping to build brand loyalty among clients. As manufacturers recognize the value of direct engagement with customers, the trend toward direct sales channels is expected to continue to grow, providing a competitive edge in the market.

Distributor Sales:

Distributor sales remain a critical component of the polyester adhesives market, as distributors play a vital role in the supply chain by providing access to a wide range of products and facilitating the distribution of adhesives to various industries. These distributors often have established networks and expertise in navigating complex market dynamics, making them valuable partners for manufacturers looking to expand their reach. By leveraging distributor sales channels, companies can benefit from increased market penetration and brand visibility, especially in regions where they may not have a direct presence. Additionally, distributors can provide technical support and guidance to end-users, further enhancing their value proposition in the polyester adhesives market.

By Ingredient Type

Unsaturated Polyester Resin:

Unsaturated polyester resins are a fundamental ingredient in many polyester adhesives, contributing to their strength and versatility. These resins are known for their excellent mechanical properties and resistance to environmental factors, making them suitable for various applications across multiple industries. They are particularly prevalent in adhesives used for structural bonding, where high strength and durability are required. The increasing demand for high-performance materials in sectors such as automotive and construction is driving the adoption of unsaturated polyester resin-based adhesives, as manufacturers seek reliable and robust bonding solutions.

Polyester Polyols:

Polyester polyols are essential components in formulating polyester adhesives, providing flexibility and toughness to the final product. These compounds enhance the adhesive's performance characteristics, allowing for better adhesion to challenging substrates and improved resistance to heat and chemicals. As industries continue to prioritize performance-driven materials, the demand for polyester polyols in adhesive formulations is expected to rise. Furthermore, the growing focus on sustainability is prompting manufacturers to explore bio-based polyester polyols, which can offer similar performance benefits while reducing environmental impact.

Isophthalic Polyester Resin:

Isophthalic polyester resins are gaining popularity in the polyester adhesives market due to their superior thermal and chemical resistance properties. These resins are often utilized in applications requiring high durability and performance, making them suitable for industries such as automotive and electronics. Their ability to withstand harsh environmental conditions ensures that bonded products remain intact over time, providing manufacturers with reliable solutions. As the demand for high-performance bonding materials continues to grow, isophthalic polyester resins are well-positioned to capture market share in various applications.

Orthophthalic Polyester Resin:

Orthophthalic polyester resins are widely used in the formulation of polyester adhesives due to their excellent mechanical properties and cost-effectiveness. These resins are particularly suitable for applications that require quick curing times and good adhesion to a variety of substrates. Their versatility makes them applicable in industries such as construction, automotive, and marine, where strong and durable bonds are essential. As manufacturers seek to optimize their adhesive formulations for performance and cost, orthophthalic polyester resins remain a popular choice in the market.

Dicyclopentadiene (DCPD) Polyester Resin:

Dicyclopentadiene (DCPD) polyester resins are a specialized ingredient in the polyester adhesives market, known for their exceptional strength and chemical resistance. These resins are particularly suited for applications in demanding environments, such as in the automotive and aerospace industries, where durability is crucial. The use of DCPD polyester resins allows manufacturers to develop adhesives that can withstand extreme temperatures and exposure to harsh chemicals without compromising performance. As industries continue to evolve and require advanced materials, the adoption of DCPD polyester resins in adhesive formulations is expected to grow.

By Region

The polyester adhesives market is experiencing diverse growth across various regions, reflecting regional industrial demands and economic trends. In North America, the market is projected to reach USD 2.5 billion by 2035, driven primarily by the automotive and construction sectors. The region's focus on technological advancements and high-performance materials supports the adoption of polyester adhesives, particularly in applications that require durability and strength. The CAGR for North America is estimated at around 4.8%, attributed to the ongoing demand for innovative bonding solutions in the region's thriving manufacturing industries.

In the Asia Pacific region, the polyester adhesives market is anticipated to witness significant growth, with projections estimating a market value of USD 3.1 billion by 2035. The CAGR for this region is expected to be approximately 6.0%, fueled by rapid industrialization, urbanization, and the booming automotive and electronics industries. Countries such as China and India are emerging as key players in the polyester adhesives market, thanks to their expanding manufacturing capacities and increasing demand for lightweight materials. The growth of e-commerce and sustainable packaging solutions is further expected to enhance market opportunities in this region.

Opportunities

The polyester adhesives market presents numerous opportunities for growth, particularly in adopting sustainable and innovative adhesive solutions. As manufacturers increasingly focus on environmental compliance and eco-friendly practices, the demand for bio-based and low-emission polyester adhesives is expected to rise. This shift towards sustainability opens avenues for manufacturers to develop new formulations that align with evolving regulations and consumer preferences. By investing in research and development, companies can create advanced adhesive solutions that not only meet performance requirements but also contribute to a reduced environmental footprint, thereby capturing a larger market share in the growing trend of sustainable production.

Moreover, the increasing adoption of advanced manufacturing technologies, such as automation and digitalization, presents a unique opportunity for polyester adhesive manufacturers. The integration of smart technologies in manufacturing processes can enhance product quality and consistency, providing manufacturers with a competitive edge in a rapidly evolving market. Furthermore, collaboration with industries such as automotive, construction, and electronics can lead to the development of tailored adhesive solutions that cater to specific needs. By leveraging these opportunities, companies in the polyester adhesives market can position themselves for sustained growth and success.

Threats

While the polyester adhesives market looks promising, it is not without its challenges. One of the significant threats facing the market is the increasing competition from alternative adhesive technologies, such as polyurethane and epoxy adhesives. These alternatives often provide comparable or superior performance characteristics, which can lead to shifts in market dynamics as manufacturers explore different bonding solutions for their applications. Additionally, fluctuations in raw material prices and supply chain disruptions can pose serious challenges to polyester adhesive manufacturers, impacting production costs and ultimately affecting profitability. As the market continues to evolve, companies must remain agile and innovative to counter these competitive pressures and maintain their position.

Another critical concern for the polyester adhesives market is the tightening of environmental regulations and compliance standards. As governments and regulatory bodies increasingly implement stringent policies regarding chemical emissions and sustainability practices, manufacturers may face significant challenges in reformulating their products to meet these new requirements. Non-compliance can result in legal penalties, loss of market access, and reputational damage, which can adversely impact the growth prospects of the polyester adhesives market. To mitigate these threats, companies must prioritize sustainability in their product development strategies and proactively adapt to changing regulatory landscapes.

Competitor Outlook

• Henkel AG & Co. KGaA
• BASF SE
• 3M Company
• H.B. Fuller Company
• Dow Inc.
• Fischer Adhesives
• Midland Adhesives
• Momentive Performance Materials Inc.
• ITW Performance Polymers
• Wacker Chemie AG
• Sika AG
• Eastman Chemical Company
• Lord Corporation
• RPM International Inc.
• Coim Group

The competitive landscape of the polyester adhesives market is characterized by a myriad of global and regional players who are continually striving to gain a competitive edge through innovative products and strategic alliances. Major companies in this sector are investing significantly in research and development to create advanced adhesive solutions that cater to the changing needs of various industries. Furthermore, these companies are increasingly focusing on sustainability, developing eco-friendly products that comply with stringent environmental regulations. Collaboration with industry stakeholders, including suppliers, distributors, and end-users, is also a key strategy employed by leading players to strengthen their market presence and enhance customer loyalty.

A prominent player in the polyester adhesives market, Henkel AG & Co. KGaA, has established itself as a leader through its extensive product portfolio and commitment to innovation. The company continuously invests in research and development to create high-performance adhesives that meet the evolving demands of industries such as automotive and construction. Henkel's focus on sustainability is evident in its initiatives to develop eco-friendly adhesive solutions and minimize its environmental impact, thereby positioning itself as a trusted partner for customers seeking sustainable bonding solutions. Additionally, Henkel's strategic acquisitions and partnerships further bolster its market position, enabling the company to tap into new growth opportunities and expand its global reach.

BASF SE stands out in the polyester adhesives market for its diverse range of adhesive technologies and commitment to sustainability. As one of the largest chemical producers globally, BASF leverages its extensive research capabilities to develop innovative adhesive formulations that address the specific needs of various applications. The company is actively involved in sustainability initiatives, focusing on reducing its carbon footprint and promoting the use of renewable raw materials in adhesive production. Through strategic collaborations and acquisitions, BASF continues to enhance its product offerings and strengthen its competitive position in the polyester adhesives market, catering to a wide array of industries while addressing the growing demand for eco-friendly adhesive solutions.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BASF SE
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Sika AG
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Dow Inc.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 3M Company
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Coim Group
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Lord Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Wacker Chemie AG
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Fischer Adhesives
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Midland Adhesives
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 H.B. Fuller Company
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Henkel AG & Co. KGaA
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 RPM International Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Eastman Chemical Company
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 ITW Performance Polymers
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Momentive Performance Materials Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Polyester Adhesives Market, By Application
    • 6.1.1 Automotive
    • 6.1.2 Construction
    • 6.1.3 Electronics
    • 6.1.4 Packaging
    • 6.1.5 Furniture
  • 6.2 Polyester Adhesives Market, By Product Type
    • 6.2.1 Thermosetting Polyester Adhesives
    • 6.2.2 Thermoplastic Polyester Adhesives
    • 6.2.3 Waterborne Polyester Adhesives
    • 6.2.4 Solvent-borne Polyester Adhesives
    • 6.2.5 Hot Melt Polyester Adhesives
  • 6.3 Polyester Adhesives Market, By Ingredient Type
    • 6.3.1 Unsaturated Polyester Resin
    • 6.3.2 Polyester Polyols
    • 6.3.3 Isophthalic Polyester Resin
    • 6.3.4 Orthophthalic Polyester Resin
    • 6.3.5 Dicyclopentadiene (DCPD) Polyester Resin
  • 6.4 Polyester Adhesives Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributor Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Polyester Adhesives Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Polyester Adhesives market is categorized based on

By Product Type

• Thermosetting Polyester Adhesives
• Thermoplastic Polyester Adhesives
• Waterborne Polyester Adhesives
• Solvent-borne Polyester Adhesives
• Hot Melt Polyester Adhesives

By Application

• Automotive
• Construction
• Electronics
• Packaging
• Furniture

By Distribution Channel

• Direct Sales
• Distributor Sales

By Ingredient Type

• Unsaturated Polyester Resin
• Polyester Polyols
• Isophthalic Polyester Resin
• Orthophthalic Polyester Resin
• Dicyclopentadiene (DCPD) Polyester Resin

By Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Henkel AG & Co. KGaA
• BASF SE
• 3M Company
• H.B. Fuller Company
• Dow Inc.
• Fischer Adhesives
• Midland Adhesives
• Momentive Performance Materials Inc.
• ITW Performance Polymers
• Wacker Chemie AG
• Sika AG
• Eastman Chemical Company
• Lord Corporation
• RPM International Inc.
• Coim Group