Morchem

What Morchem does

Morchem, S.A. is a privately held, family-owned Spanish specialty chemicals company founded in 1985 and headquartered in Les Franqueses del Vallès (Barcelona), with a manufacturing facility in Fontanar, Guadalajara. The company formulates and manufactures polyurethane (PU) adhesives and coatings organized around five horizontal market segments: flexible packaging (its primary vertical), textile lamination, technical and industrial lamination (photovoltaic, sailcloth, electrical laminates), flat lamination (wood decorative and functional panels), and PU ink binders for printing inks. Recent R&D emphasis has been placed on solventless laminating adhesive systems aimed at reducing material and energy consumption and supporting monomaterial, recyclable flexible packaging structures.

The business operates a B2B, enterprise field-sales model in which global customers are served through wholly-owned regional subsidiaries in Spain, Germany, China, India, the United Arab Emirates, and the United States, supplemented in 2026 by a distribution partnership in Colombia. Marketing is dominated by participation in flagship industry events — INTERPACK, FACHPACK, TECHTEXTIL, PROPAK ASIA, PACK EXPO, and the FPE FlexPack Summit — alongside owned LinkedIn and YouTube channels. Pricing is not publicly disclosed; transactions appear to be quote-based, consistent with industrial specialty chemicals sold to converters.

Revenue is generated almost entirely from one-time sales of formulated PU adhesives and coatings. Strategic priorities for the period 2024–2026 have combined product innovation (solventless systems), geographic build-out (Colombia), industry positioning (premium sponsorships with FPE and Comexi), and a recognized enterprise digital transformation integrating SAP, plant and CRM data onto an AWS platform. The company is led by a second-generation family CEO (Helmut Schaeidt) with a CCO (Cristina Ventayol) acting as primary external spokesperson, and is certified to ISO 9001 and ISO 14001.

Name

Morchem

Legal name

MORCHEM, S.A.

Website

https://morchem.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

101–250 employees

Short description

Morchem is a family-owned Spanish specialty chemicals firm founded in 1985, manufacturing polyurethane adhesives and coatings for flexible packaging, textile, technical, and flat lamination markets, with wholly-owned regional subsidiaries across Europe, the Americas, Asia-Pacific, the Middle East, and Africa.

Ownership category

akta.pro rank

Product category

Specialty Industrial Adhesives

NAICS

Adhesive Manufacturing (32552), Adhesive Manufacturing (325520)

SIC

Adhesives & Sealants (2891)

akta.pro primary industry

Polyurethanes (MDI/TDI, Polyols, PU Systems) (IMAEADAH)

akta.pro secondary industry

Packaging Inks (IMAEAHAH)

Keywords

• Polyurethane adhesives
• Flexible packaging adhesives
• Laminating adhesives
• Solventless adhesives
• Industrial PU coatings

Headquarters

HQ city

Barcelona

HQ country

Spain

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. PU Adhesives and Coatings Sales: Sale of polyurethane adhesives and coatings for flexible packaging and lamination technologies including flexible packaging, textile lamination, technical/industrial lamination, flat lamination, and PU ink binders. Primary revenue stream from manufacturing and selling specialty chemical products to B2B customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Morchem manufactures and supplies polyurethane (PU) adhesives and coatings for five primary markets: flexible packaging, technical/industrial lamination (photovoltaic, sailcloth, electrical laminates), textile lamination, flat lamination (wood decorative and functional panels), and PU ink binders for printing inks. Its product portfolio emphasizes solventless laminating adhesives and sustainable solutions that enable monomaterial, recyclable flexible packaging structures while reducing total cost-in-use for industrial converters.

Differentiator

Problem solved

Functional benefit

Products and services

• Flexible Packaging PU Adhesives Polyurethane laminating adhesives for flexible packaging converters producing multilayer films for food packaging, pouches, wrappers, and other flexible packaging structures requiring high bond strength and food-safety compliance.
• Solventless Laminating Adhesives New-generation solventless PU laminating adhesives for flexible packaging converters, designed to eliminate solvents, reduce material and energy consumption, lower total cost-in-use, and enable recyclable monomaterial film structures.
• Textile Lamination Adhesives Polyurethane adhesives for textile lamination processes serving textile manufacturers requiring durable, high-performance bonding across varied textile substrates and end-use conditions.
• Technical / Industrial Lamination Adhesives Polyurethane adhesives for technical and industrial lamination applications including photovoltaic panels, sailcloth, and electrical laminates, providing chemical and thermal resistance for high-performance end products.
• Flat Lamination Adhesives Polyurethane adhesives for flat lamination of wood decorative and functional panels, providing bond strength and durability for wood-panel manufacturers.
• PU Ink Binders Polyurethane binders for printing inks used in packaging applications, providing print quality and ink adhesion for ink manufacturers and packaging printers.

Quantifiable outcome

• Reduced material and energy usage through solventless adhesive technologies

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• ComexicoreStrategic or Co-development Partner · 15 June 2026Morchem participated as Gold Partner at Go Further Tour UK organized by Comexi at Sandon Global facilities in England. Morchem presented on 'Sustainable Adhesives and Coatings' highlighting their commitment to the European flexible packaging market. Long-standing collaboration with Comexi in the packaging industry.
• FASDcoreStrategic or Co-development Partner · 26 March 2026Organized Morchem Innovation Day in collaboration with FASD at JW Marriott Hotel Istanbul Marmara Sea. Event focused on market trends, productivity solutions, regulatory developments, and sustainability challenges shaping the industry.
• LembercoreChannel Partner/ Reseller/ Distributor · 10 March 2026Lember, a flexographic ink specialist, began distributing Morchem adhesives in Colombia. A new collaboration announced at a technical jornada in Bogotá, strengthening Morchem's presence in the Colombian flexible packaging market.
• Flexible Packaging Europe (FPE)coreStrategic or Co-development Partner · 24 February 2025Morchem was Premium Sponsor of FPE FlexPack Summit 2025 in Barcelona, actively participating in closing conferences. The event covered market evolution, sustainability trends, and current European legislation.
• LudusminorImplementation/ SI/ Consulting Partner · 1 October 2024Collaboration with Ludus for innovative safety training using immersive technology, providing realistic workplace safety and health training for Morchem employees during Safety Day event.
• DruckfarbenminorStrategic or Co-development PartnerContributed presentations at Morchem Innovation Day event, supporting the collaborative knowledge exchange platform.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Henkel: Global adhesives giant with a large Adhesive Technologies division covering flexible packaging, labels, and industrial laminating adhesives. Competes with Morchem in PU-based packaging adhesives but at vastly greater scale and with a broader portfolio beyond PU.
• Dow: Diversified materials major with polyurethane systems and adhesive raw materials serving packaging, construction, and industrial lamination. Overlaps with Morchem as both a potential supplier and competitor in PU-based laminating solutions.
• BASF: Global chemicals leader producing MDI, TDI, polyols, and PU systems used in adhesives and coatings. Operates upstream of and adjacent to Morchem's PU adhesive formulations, and competes in select downstream PU system sales.
• Covestro: Leading producer of polyurethane raw materials (MDI, TDI, polyether polyols) and PU coatings/adhesive resins. Closely linked to Morchem's raw material supply chain and a competitor in select PU formulation businesses.
• Sika: Swiss specialty chemicals company with strong positions in industrial adhesives, sealants, and coatings, including for lamination and construction-adjacent applications. A larger, more diversified competitor to Morchem in PU and hybrid adhesive systems.

Direct peers

• H.B. Fuller: Pure-play specialty adhesives manufacturer with significant business in flexible packaging and lamination adhesives. Direct competitor to Morchem in PU and other laminating adhesive chemistries serving converters globally.
• Bostik (Arkema): Arkema's adhesives arm offering laminating adhesives for flexible packaging and industrial applications, including PU-based systems. Competes head-to-head with Morchem in PU adhesives for converters and packaging end-uses.
• Lubrizol: Specialty chemicals business (Berkshire Hathaway) producing PU dispersions, resins, and adhesives for coatings, printing inks, and flexible packaging. Directly competes with Morchem in PU ink binders and specialty laminating adhesives.

Emerging players

• DIC Corporation: Global inks and pigments producer with growing specialty adhesives and PU binder offerings for packaging and industrial printing. Comparable to Morchem in the PU ink binders and packaging-adjacent segments.

Regional players

• Artience (formerly Toyo Ink SC Holdings): Japanese-headquartered specialty chemicals and printing inks group with PU resin and adhesive offerings into Asian packaging markets. Overlaps with Morchem in PU ink binders and packaging laminating adhesives, primarily in APAC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC1ewP72459blmVb5zvywhSw/videos
• LinkedInes.linkedin.com/company/morchem
• Xx.com/morchem

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Morchem