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M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

India Adhesives Market Forecast & Opportunities , 2020

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

India Adhesives Market Forecast & Opportunities , 2020

I n d u s t r y B r i e f

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© TechSci Research

India Adhesives Market to Reach 379 Thousand Metric Tons by 2020

Growing demand from packaging, construction and automotive sectors to drive growth in Indiaadhesives market through 2020

According to TechSci Research report, “India Adhesives Market Forecast & Opportunities, 2020”,adhesives market in India is anticipated to reach 379 thousand metric tons by 2020. Adhesives arewidely used across numerous end user industries such as packaging, construction, furniture,automotive, assembly operations, etc. Polyurethane adhesives accounted for the largest market sharein the country’s adhesives market, with these adhesives being mainly used in automobile andconstruction sectors. High thermoplastic and adhesion property, especially with metal substrates;good electrical insulation; high elasticity; strong resistance against chemicals and moisture makepolyurethane adhesives extremely suitable for use in heavy industries.

Increase in disposable income levels, rising GDP and booming retail markets are propelling growth inpackaging and flexible packaging industry and this is forecast to drive demand for adhesives in Indiathrough 2020. An increasing number of global as well as domestic adhesive companies areestablishing new adhesive manufacturing plants to address the growing demand for adhesives fromvarious end user industries. West India dominates India adhesives market due to large concentrationof automobile, furniture and textile manufacturing industries in the region. Pidilite dominates thecountry’s adhesives market, followed by Henkel and Sika India. Few of the other major playersoperating in the market include Atul, 3M, Huntsman, HB Fuller, Bostik, Huntsman India, etc.

“Due to rising health and environment concerns associated with solvent based adhesives, Indianmarket is witnessing growing adoption of green solvent-less adhesives. Water based adhesives arebeing increasingly used across various end user segments, as they are free from harmful volatileorganic compound emissions and offer high tensile strength. Rising awareness regarding benefits ofshifting to green adhesive solutions is propelling demand for bio-adhesives, with bio-adhesives findingwidespread applications in construction of green buildings, and in manufacturing plywood, fiberboardsand interior wooden furniture.” said Mr. Karan Chechi, Research Director with TechSci Research, aresearch based global management consulting firm.

T a b l e o f C o n t e n t s

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S. No. Contents

1. Research Methodology

2. Analyst View

3. Product Overview

4. Global Adhesives Market Overview

5. India Adhesives Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share & Forecast

5.2.1. By Technology (Reactive, Hot Melt, Solvent based & Water based Adhesives)

5.2.2. By Polymer Type (Acrylic, Vinyl, Polyurethane, Rubber-based, Epoxy, Others)

5.2.3. By Company

5.2.4. By End User Industry

5.2.5. By Region

6. India Polyurethane Adhesives Market Outlook


6.1.1. By Volume



7. India Acrylic Adhesives Market Outlook


7.1.1. By Volume


7.2.1. By Type (Cyanoacrylates, Modified Acrylate, Anaerobic Acrylates, etc.)


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S No. Contents


8. India Epoxy Adhesives Market Outlook


8.1.1. By Volume



9. India Vinyl Adhesives Market Outlook


9.1.1. By Volume



9.2.2. By Company

10. India Rubber Adhesives Market Outlook


10.1.1. By Volume



10.2.2. By Type (Sprayable and Brushable)

10.2.3. By Company

11. Trade Dynamics

11.1. Imports

11.2. Exports

12. Market Dynamics

12.1. Drivers


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S No. Contents

12.2. Challenges

13. Market Trends and Developments

13.1. Bio-adhesives - An Emerging Trend

13.2. Growing Popularity of Light Weight Manufacturing Technology

13.3. Increasing Demand for Adhesives from Non woven Technology

13.4. Growing Demand for Ready-to-Eat and Packaged Foods

13.5. Introduction of Innovative Pressure Sensitive Adhesive Technology

14. Policy and Regulatory Landscape

15. India Economic Profile

16. Competitive Landscape

16.1. Competitive Benchmarking

16.2. Company Profiles

16.2.1. 3M India Limited

16.2.2. Pidilite Industries Limited

16.2.3. Henkel Adhesive Technologies India Private Limited

16.2.4. Sika India Pvt. Ltd.

16.2.5. Anabond Limited

16.2.6. Bostik India Private Limited

16.2.7. Metlok Private Limited

16.2.8. Atul Limited

16.2.9. HB Fuller India Adhesive Pvt Ltd.

16.2.10. Huntsman International (India) Private Limited

17. Strategic Recommendations

18. About Us & Disclaimer

R e s e a r c h M e t h o d o l o g y

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Baseline Methodology :

For the study, TechSci Research has gathered information through primary research with respondents in adhesive

manufacturing companies across India, followed by external validation of the information by interviewing

distributors. We also gathered insights through exhaustive search of credible paid databases and our internal

database. Our team of analysts has then prudently evaluated all the collected information and presented the same

in chronological order to depict a meaningful and clear picture of adhesives market in India.

While compiling the data, we have also validated all the collected information from multiple sources and data

warehouses, in order to present accurate and precise information of the concerned industry. The information has

then been verified with primary research surveys with competitors as well as distributors to arrive at logical

figures.

Sources :

Company Websites, Company Annual Reports, National Adhesives Industry Association

Manufacturers Interviewed

Pidilite, Anabond, Sika India, Bostik, HB Fuller, Metlok

S a m p l e D a t a - S n a p s h o t

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1020 30 40

50 60 70 80 90 100 110

1530

4560

7590

105120

135150

165

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

Market Size (USD Million)

Figure 1: India Adhesives Market Size, By Value (USD

Million), By Volume (Thousand Metric Tons), 2010-

2020F

7.00% 7.10% 7.20% 7.30% 7.40% 7.50% 7.60% 7.70% 7.80% 7.90% 8.00%

15.00% 16.00% 17.00% 18.00% 19.00% 20.00% 21.00% 22.00% 23.00% 24.00% 25.00%

35.00% 35.10% 35.20% 35.30% 35.40% 35.50% 35.60% 35.70% 35.80% 35.90% 36.00%27.00% 27.20% 27.40% 27.60% 27.80% 28.00% 28.20% 28.40% 28.60% 28.80% 29.00%30.00% 30.10% 30.20% 30.30% 30.40% 30.50% 30.60% 30.70% 30.80% 30.90% 31.00%

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

Polyurethane Acrylic Epoxy Vinyl Rubber based Others

Figure 3: India Adhesives Market Share, By Polymer Type, By

Volume, 2010-2020F

Figure 6: India Adhesives Market Share, By Region, By Volume, 2014 &

2020F

2014 2020F

X% X%

2014 2020F

X% X%

2014 2020F

X% X%

2014 2020F

X% X%

Acrylic VinylEpoxy based

Polyurethane

3M India Limited

Pidilite Industries Limited

Atul India

Sika India

Anabond limited

Figure 8: India Polyurethane Adhesives Market Size, By Volume

(Thousand Metric Tons), 2010-2020F

10.0020.00

30.0040.00

50.0060.00

70.0080.00

90.00100.00

110.00

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

Market Size (Thousand Metric Tons)

R e p o r t O r d e r i n g

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Disclaimer :

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is madethat it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from varioussources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness ofany information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially statesthat it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts,can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internalconsumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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