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 By Technology, By Type, By End Use Industry, Competit ion
Forecast and Opportunities , 2011 - 2025
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1. Product Overview
2. Research Methodology
3. Analyst View
4. Global Adhesives Market Overview
5. India Adhesives Market Outlook
5.1. Demand Supply Analysis, 2011-2015
5.1.1. Production
5.1.2. Import
5.1.3. Domestic Demand
5.1.4. Export
5.1.5. Net Inventory
5.2. Market Size & Forecast
5.2.1. By Value
5.2.2. By Volume
5.3. Market Share & Forecast
5.3.1. By Technology (Reactive, Hot Melt, Solvent Based & Water Based)
5.3.2.By Type (Polyurethane Adhesives, Vinyl Adhesives, Acrylic Adhesives, Rubber Based Adhesives, Epoxy Adhesives & Others)
5.3.3. By Region
5.3.4. By End Use Industry (Furniture, Packaging, Automotive, Footwear, Construction & Others)
5.3.5. By Company
5.4. Market Attractiveness Index
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6. India Adhesives Market Segmental Analysis
6.1. India Polyurethane Adhesives Market Outlook
6.1.1. Market Size & Forecast
6.1.1.1. By Value
6.1.1.2. By Volume
6.1.2. Market Share & Forecast
6.1.2.1. By End Use Industry
6.1.2.2. By Company & BPS Analysis
6.2. India Acrylic Adhesives Market Outlook
6.2.1. Market Size & Forecast
6.2.1.1. By Value
6.2.1.2. By Volume
6.2.2. Market Share & Forecast
6.2.2.1. By Type (Cyanoacrylates, Anaerobic Acrylates, Modified Acrylates & Others)
6.2.2.2. By End Use Industry
6.2.2.3. By Company & BPS Analysis
6.3. India Epoxy Adhesives Market Outlook
6.3.1. Market Size & Forecast
6.3.1.1. By Value
6.3.1.2. By Volume
6.3.2. Market Share & Forecast
6.3.2.1. By End Use Industry
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6.3.2.2. By Company & BPS Analysis
6.4. India Vinyl Adhesives Market Outlook
6.4.1. Market Size & Forecast
6.4.1.1. By Value
6.4.1.2. By Volume
6.4.2. Market Share & Forecast
6.4.2.1. By End Use Industry
6.4.2.2. By Company & BPS Analysis
6.5. India Rubber Adhesives Market Outlook
6.5.1. Market Size & Forecast
6.5.1.1. By Value
6.5.1.2. By Volume
6.5.2. Market Share & Forecast
6.5.2.1. By Type (Brushable & Sprayable)
6.5.2.2. By End Use Industry
6.5.2.3. By Company & BPS Analysis
7. Pricing Analysis
8. Import-Export Analysis
9. Market Dynamics
9.1. Drivers
9.2. Challenges
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10. List of Major Customers Along with Their Procurement Volume
11. Market Trends & Developments
11.1. Rising Demand for Silicon Based Conductive Adhesives in Automotive Sectors
11.2. Growing Demand for Bio Adhesives
11.3. Increasing Popularity of Hybrid Adhesives Technologies
11.4. Emerging Technologies in Packaging Sector
11.5. Strong Growth of the Retail Market in India
12. Policy & Regulatory Landscape
13. India Economic Profile
14. Competitive Landscape
14.1. Competition Benchmarking
14.2. Company Profiles
14.2.1. Pidilite Industries Limited.
14.2.2. Henkel Adhesive Technologies India Private Limited
14.2.3. Huntsman International (India) Private Limited
14.2.4. Atul Ltd.
14.2.5. Sika India Pvt. Ltd.
14.2.6. Anabond Limited
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14.2.7. Bostik India Private Limited
14.2.8. Metlok Private Limited
14.2.9. HB Fuller India Adhesive Pvt Ltd.
14.2.10. 3M India Limited.
15. Strategic Recommendations
16. About Us & Disclaimer
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P r o d u c t O v e r v i e w
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Adhesives are bonding agents used for holding two surfaces together in various end use industries. Adhesives may
be applicable interchangeably with cement, paste, mucilage, etc. An adhesive must develop strength and adhere to
surfaces post application and should remain stable under any environmental condition. Adhesives are categorized
on the basis of raw materials used for production. Natural and synthetic polymers are widely used for the
production of different types of adhesives such as polyurethane, acrylic, vinyl, epoxy and rubber based adhesives.
Adhesives
By Polymer TypeBy End Use
IndustryBy Region
By Technology
By Company
Polyurethane Acrylic Epoxy VinylRubber based
Packaging Construction Automotive Furniture FootwearOthers - Electricals,
Roofing, Carpet etc.
21 3
SouthWestNorth East
India Adhesives Market Taxonomy
4
Reactive Solvent basedHot meltWater based
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 of India adhesives market, TechSci Research has gathered information through an exhaustive search
of credible databases and organizations such as Ministry of Commerce, Indian Polyurethane Association, Society of
Indian Automobile Manufacturers, etc., as well as 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 the adhesives market in India. While compiling the data, we have also cross checked all the
collected information from multiple sources and data warehouses, so that we can present the most accurate and
precise information of the concerned industry. For the purpose of calculating the overall market for adhesives in
India, demand for each category of adhesives, such as polyurethane adhesives, acrylic adhesives and epoxy
adhesives, etc., have been analyzed thoroughly and consumption of each segment is projected separately to arrive
at a reasonable figures for the market size of India adhesives market through 2025.
Secondary Research
Analysis of data from credible
sources such as Indian
Polyurethane Association,
Ministry of Commerce, etc.
Trade analysis of adhesives in
India.
Company annual reports, white
papers, investor presentations
and financial reports
Primary Research
Identifying Key Opinion Leaders
Questionnaire Design
In-depth Interviews
Coverage across Value Chain
Data Analysis
Bottom-Up approach for the calculation of India adhesives market size
Impact analysis of drivers and challenges to the growth of the market for India adhesives market
Historical trend examination
Statistical analysis to project the growth of India adhesives market
R e s e a r c h M e t h o d o l o g y
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India
Adhesives
Market
Optimistic
Likely
D1
D2
D3
Short term Medium term Long term
D1
D2
D3
Short term Medium term Long term
XX% + 4% CAGR
• Qualitative to quantitative conversion
• Assigning weightage to drivers
• Statistical evaluation• Developing the actual
forecast based on both the cases
High MediumDegree of impact
• Market indicators expected to outperform during the forecast period
• Market expected to gain traction with increasing impact of drivers
• Market indicators expected to perform at average level during the forecast period
• Market expected to slow down with decreasing impact of drivers
Forecasting Methodology
XX% CAGR
XX% + 2% CAGR
Low
Conservative
R e s e a r c h M e t h o d o l o g y
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LIKELY
OPTIMISTIC
IMPACT OF GROWTH DRIVERS
11.0%
12.0%
13.0%
14.0%
10.0%
9.0%
GROWTH FACTOR
LOW
EXP
ECTE
DH
IGH This scenario is characterized by higher
impact of economic and market growth factors on India adhesives market
This scenario is characterized bymoderate impact of economic andmarket growth factors Indiaadhesives market
In this scenario impact of economic aswell as market growth factors iscomparatively very low on Indiaadhesives market
I n d u s t r y B r i e f
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India Adhesives Market to Cross $ 1.3 Billion by 2025
According to TechSci Research report, “India Adhesives Market By Technology, By Type, By End Use Industry,Competition Forecast and Opportunities, 2011 - 2025’’, adhesives market in India is forecast to cross US$ 1.3 billion by2025, on account of continuously growing building and construction sector, increasing demand for packaging materialsin food & beverage industry and growing furniture industry. Growth in India adhesives market can also be attributed tomacroeconomic factors such as increasing population base, rising per capital income and rapid industrialization.Moreover, rising technological advancements have led to development of advanced and hybrid adhesives that haveexcellent bonding strength and flexibility, under a wide range of temperatures. Rising awareness about different typesof adhesives and their applications in various end user industries is projected to boost demand for adhesives in Indiaduring 2016-2025.
Polyurethane adhesives dominate India adhesives market and the segment is projected to continue dominating themarket through 2025, due to growing demand from various end user industries such as automotive, furniture,packaging and construction. Moreover, increasing health concerns among individuals, and rising per capita income isfueling demand for eco-friendly materials and adhesives across various end user industries. Construction chemicalsmarket in India stood at over USD573 million in 2014 and is growing continuously, on the back of rapidly growingconstruction industry and favorable government initiatives such as “Make in India”. All these factors are projected toboost growth in the country’s adhesives in India in the coming years.
“Shift of the automotive production to India from western countries, due to easy availability of cheap workforce andraw materials is boosting growth in India adhesives market. In 2015, India automotive components market was valuedat USD39 billion. Further, a major share in the demand for environment friendly and technologically advancedadhesives is emanating from various end user industries in India. Moreover, rising awareness regarding harmful effectsof synthetic adhesives on human health and environment is anticipated to drive the shift towards bio adhesives forvarious applications in the country during the forecast period. Consequently, these new technology developmentspertaining to adhesives, based on end user requirements is anticipated to drive India adhesives market in the comingyears.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global managementconsulting firm.
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India Adhesives Market Size, By Value, 2011-
2025F (USD Million)
S a m p l e – D a t a - S n a p s h o t1 2 3 4 5 6 7 8 9 1
0 11 12 13 14 15
8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8%
5.00%
6.00%
7.00%
8.00%
0
5
10
15
20
Source:XXXXXNote: These are dummy figures; please purchase our report for actual data
India Adhesives Market Share, By Type, By Volume, 2011-2025F
5% 5%5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%
10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 15%
20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%
25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
2011 2012 2013 2014 2015 2016E2017F2018F2019F2020F2021F2022F2023F2024F2025F
Polyurethane Adhesives Acrylic Adhesives
Epoxy Adhesives Vinyl Adhesives
Rubber Based Adhesives Others
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
0.00 1.00 2.00 3.00 4.00 5.00
Solvent Based
Water Based
Reactive
Hot Melt
India Adhesives Market Attractiveness Index, By
Technology, By Volume, 2015-2025F
India Adhesives Market Share, By
Company, By Value, 2015
India Adhesives Market Share, By
Company, By Value, 2025F
Pidilite20.00%
Henkel…
Jyoti20.00%
Uflex20.00%
Others20.00%Pidilite
20.00%
Henkel…
Jyoti20.00%
Uflex20.00%
Others20.00%
India Adhesives Market Size, By Volume, 2011-2025F
(Thousand Metric Ton)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8%
5.00%
6.00%
7.00%
8.00%
0
5
10
15
20
India Polyurethane Adhesives
Market BPS Analysis, By
Volume, 2015 & 2025F
33.00%
33.00%
34.00%
34.00%
33.00%
33.00%
2015 2025F
Henkel Huntsman Others
India Acrylic Adhesives
Market BPS Analysis, By
Volume, 2015 & 2025F
33.00%
33.00%
34.00%
34.00%
33.00%
33.00%
2015 2025F
OthersBenson Polymers LimitedPidilite
R e p o r t O r d e r i n g
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Report Name: India Adhesives Market By Technology, By Type, By End Use
Industry, Competition Forecast and Opportunities, 2011 - 2025
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