India Adhesives Market Outlook to FY’2026: Ken Research

The report titled India Adhesives Market Outlook to FY’2026: Surging Demand for Water Based Adhesives in the Growing Wood Working Industry to Influence Market Growthprovides a comprehensive analysis of adhesive market in India. The report focuses on the overall market size, by revenue generated by adhesive companies; India adhesive market segmentation by Type of adhesive (Industrial adhesive and Consumer adhesive); industrial adhesives market segmentation by organized and unorganized market,  by industries (packaging, furniture, manufacturing and others), by technology (water based, solvent based, hot melt and reactive adhesives), by product (Polyurethane (PU), Polyvinyl Acetate (PVA), Ethylene Vinyl Acetate (EVA), Epoxy, Acrylic); consumer adhesives market segmentation by organized and unorganized market, by technology (water based, hot melt and reactive adhesives), by product (Polyvinyl Acetate (PVA), Cyanoacrylate, Epoxy, Polyurethane (PU)); by type of users (Carpenter/intermediaries and end consumers), by type of end user application (wood working, maintenance, art & craft), by channel (paint & hardware, stationary & retail and E-commerce). The report also covers the import scenario, distribution value chain, Trends & Developments, Issues & challenges, Entry barriers in India adhesives market, SWOT analysis, Porter’s Five Forces, End User Analysis, COVID-19 impact on Adhesives  Industry, comparative landscape including financial landscape and business landscape of major players operating in India adhesive market. The report concludes with future market projections on the basis of overall adhesives revenue, by type of adhesives and analyst recommendations highlighting the major opportunities and Success Strategies.

India Adhesives Market

India adhesives market showcased a stagnant growth rate in the last few years and recorded a CAGR of 7.5% during FY’15-FY’20. Surging demand for water based adhesives in India is contributing to the growth of the adhesives industry in India. Government initiatives such as Make in India and Smart Cities projects are contributing to adhesive market growth. There is significant demand from the Western Region of India. Fluctuating raw material prices (VAM), which move in tandem with crude oil prices, high setup costs and high R&D expenditure required in the adhesives market is posing as a challenge to the adhesives industry in India. Global companies are expanding their presence to target a larger target audience across India. The market witnessed a decline in the demand for adhesives during the Q2 of 2020 owing to COVID-19 situation.

India Adhesives Market Segmentation

By Type of Adhesive (Industrial adhesives and Consumer adhesives): The industrial adhesive segment of the adhesives market is the biggest contributor to growth in this sector and was observed to dominate in FY’20. The industrial adhesive market is witnessing huge growth in India owing to the entry of global players, adoption of new technologies and other factors. The growing end user industries such as packaging, automotive, furniture and other industry are leading to a surge in the demand for adhesives in India. The most demanded adhesives in the industrial adhesive market are water based adhesives.

India Industrial Adhesives Market

The industrial adhesives market in India is at a growth stage, witnessing the entry of global players in this market. The market is dominated by organized adhesives players in India. The increase in end-user applications such as composite containers, flexible packaging, frozen food packaging, and specialty packaging has raised the demand for industrial adhesives in India. Organized adhesives market was observed to dominate the industrial adhesives market in India when compared with the unorganized market in FY’20. Packaging industry was observed to dominate the industrial adhesives market in India in FY’20 owing to the augmenting packaging industry followed by furniture, manufacturing and others industries. Water based adhesives had the dominant share due to their environmental friendly characteristics. Major end users of water based adhesives include packaging, wood working, automobile, paper industry and others. Polyurethane (PU) dominated the industrial adhesives market in India in FY’20 followed by Polyvinyl Acetate (PVA), Ethylene Vinyl Acetate (EVA) and others.

India Consumer Adhesives Market

Consumer adhesives market witnessed a significant growth owing to the surging demand from the intermediaries (like carpenters) and art & craft industry. The demand majorly comes from carpenters and other intermediaries associated with general home maintenance and shoe repair. Organized adhesives market was observed to dominate the consumer adhesives market in India followed by unorganized market in FY’20. Water based adhesives dominated the consumer adhesives market in India owing its high demand in the wood working end user segment. PVA adhesives dominating the consumer adhesives market in India owing to its huge usage in the wood working and art & craft industry. Carpenter/Intermediaries dominated the consumer adhesives market in FY’20 in India. The surging wood working industry in India is contributing the growing demand for consumer adhesives. Wood working is having a dominant consumption share in the consumer adhesives market in India owing growing wood working industry in India. In terms of Sales Channel Segmentation by revenue, Paint and Hardware store was observed to dominate the consumer adhesives market in India in FY’20.

india-adhesives-market

Comparative Landscape in India Adhesives Market

Competition was observed to be moderately concentrated in industrial adhesives market and highly concentrated in consumer adhesives market in India. The adhesive companies in India are competing on the basis of the dealer/distributor network, brands, industries catered, packaging, innovation, brand presence, geographical presence and others.

India Adhesives Market Future Outlook and Projections

The India adhesive market shall witness negative growth in FY’2021, due to lockdown measures, restriction on various businesses and ban on transportation in the initial phase. India adhesives market is anticipated to get back to normal by first quarter of 2021. Over the forecast period FY’2020-FY’2026F, the India adhesives market is further anticipated to showcase a CAGR of 7.6%. India industrial adhesives market is anticipated to grow at a CAGR of 7.8% during the forecast period FY’20 to FY’26. Growth in the end user industries such as packaging, automotive and other is anticipated to lead to the growth of the industrial adhesives market. With high potential in the industrial adhesive market and ease of manufacturing, the country shall witness the entry of global players in this segment. India consumer adhesives market is anticipated to grow at a CAGR of 7.4% during the forecast period FY’20 to FY’26. The consumer adhesive companies in India will continue to expand their dealer and distribution network to reach to a larger target market which would help them increase their market share.

Key Segments Covered in India Adhesives Market:-

By Type of Adhesives

Industrial Adhesives

Consumer Adhesives

India Industrial Adhesives Market

By Organized and Unorganized

Organized Market

Unorganized Market

By Type of Industries

Packaging

Furniture

Manufacturing

Others

By Type of Technology

Water Based

Solvent Based

Hot Melt

Reactive Adhesives

By Type of Products

Polyurethane (PU)

Polyvinyl Acetate (PVA)

Ethylene Vinyl Acetate (EVA)

Epoxy

Acrylic

India Consumer Adhesives Market:-

By Organized and Unorganized

Organized Market

Unorganized Market

By Type of Technology

Water Based

Reactive Adhesives

Hot Melt

By Type of Product

Polyvinyl Acetate (PVA)

Cyanoacrylate

Polyurethane (PU)

Epoxy

By Type of Users

Carpenter/ Intermediaries

End Consumers

By Type of End User Application

Wood Working

Maintenance

Art & Craft

By Channel

Paint and Hardware

Stationary and Retail

E-commerce

Key Target Audience:-

Industrial Adhesive Companies

Consumer Adhesive Companies

Sealant Companies

Adhesive Raw Material Companies

Time Period Captured in the Report:-

Historical Period: FY’15-FY’20

Forecast Period: FY’20-FY’26

Consumer Adhesive Companies (Brands) Covered:-

Pidilite (Fevicol, Fevicol MR, Fevicryl, Fevistick, Feviquik, Fevitite)

Astral (Resiwood, Resiquik, Bondite)

JACPL (Jivanjor)

Huntsman (Araldite)

Jyoti Resins and Adhesives (Euro7000)

Nikhil Adhesives (Mahacol)

Camlin (Camlin Glue)

Atul ltd. (Lapox)

Industrial Adhesive Companies Covered:-

3M

Anabond

Henkel Adhesives Technology

Henkel Anand India

HB Fuller

Chemie AG

Jowat Corporation

Sika

Metlok Private Limited

Bostik

Huntsman

Pidilite

Nikhil Adhesives

Dow Corning Corporation

Sika

Jesons Industries ltd.

Visen Industries

Key Topics Covered in the Report:-

India Adhesives Industry Overview

End User Industry Analysis

Competition Analysis- Adhesives Market

India Industrial Adhesives Market Overview

Competition Analysis – Industrial Adhesives

India Consumer Adhesives Market Overview

Competition Analysis – Consumer Adhesives

Company Profiles

India Adhesives Market Future Outlook and Projections

India Consumer Adhesives Market Future Outlook and Projections

India Industrial Adhesives Market Future Outlook and Projections

COVID-19 Impact

Analyst Recommendation

For More Information on the research report, refer to below link:-

India Adhesives Market

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