Tuesday, November 30, 2021

India Adhesives Market, India Adhesives Industry, Market Sales, Revenue: Ken Research

India Industrial Adhesives Market Segmentation

By Organized & Unorganized Market: Organized adhesives market was observed to dominate the industrial adhesives market in India followed by unorganized market in FY’20. The organized adhesives are majorly demanded owing to the high Quality, Certified products and brand value.

By Industries: 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. Major adhesives companies catering to packaging industry includes Henkel, Bostik and others.

By Technology: Water based adhesives had dominant share due to its environmental friendly characteristics. Major end users of water based adhesives include packaging, wood working, automobile, paper industry and others.

By Product: Polyurethane (PU) was observed to dominate the industrial adhesives market in India in FY’20 followed by Polyvinyl Acetate (PVA), Ethylene Vinyl Acetate (EVA) and others.

India Industrial Adhesives Market Future Outlook and Projections

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. There is high potential in the industrial adhesive market and ease of manufacturing; the country shall witness the entry of large number of global players in this segment.

The industrial adhesive companies in India are expanding their target end users to cater to a larger audience. Companies are anticipated to come up with manufacturing plant of adhesive raw materials to avoid importing the raw materials for other countries.

The market is anticipated to witness the entry of global players in the industrial adhesives market owing to the cheap labour and low setup costs.

How Consumer Adhesives Market Is Positioned In India?

Consumer adhesives market witnessed a huge growth owing to the surging demand from the intermediaries and art & craft industry. Consumer adhesives market is dominated by the organized adhesives players in India. The consumer adhesive market in India recorded revenue of INR ~ Cr in FY’20. The demand for consumer adhesives in India is majorly dominated by the carpenters and the intermediaries such as general home maintenance and shoe repair. Consumer adhesives market is witnessing the entry of unorganized players in various parts of the country to cater to the local markets.

The consumer adhesives market is highly concentrated with top 3-4 companies capturing a market share of 66% in FY’20.

India Consumer Adhesives Market Segmentation

By Organized and Unorganized: Organized adhesives market was observed to dominate the consumer adhesives market in India followed by unorganized market in FY’20. PVA adhesives were majorly in demand in the consumer adhesives market in FY’20.

By Technology: Water based adhesives dominated the consumer adhesives market in India owing its high demand in the wood working end user segment. The water based adhesives are also majorly in demand owing to its environmental friendly characteristics.

By Product: PVA adhesives dominating the consumer adhesives market in India in FY’20 owing to its huge usage in the wood working and art & craft industry.  Cyanoacrylate adhesives have a high use in the maintenance and DIY industry in India.

By Type of users: Carpenter/Intermediaries dominated the consumer adhesives market in FY’20. The surging wood working industry in India is contributing the growing demand for consumer adhesives. The carpenters/intermediaries majorly demand for PVA, Cyanoacrylate, Epoxy and Polyurethane.

By Type of End User Application: Wood working is having a dominant share in the consumer adhesives market in India owing growing wood working industry in India. The most demanded adhesives for wood working includes PVA and are majorly procured from the paint & hardware stores.

By Channel: Paint and Hardware store was observed to contribute the majority market share in the consumer adhesives market in India in the FY’20.  Majorly the organized adhesive brands are sold at the paint and hardware stores.

India Consumer Adhesives Market Future Outlook and Projections

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 a larger target market which would help them increase their sales. Consumer adhesives market in India is concentrated and is anticipated to witness only few new players in the market. Pidilite will continue to dominate the consumer adhesives market. Growing wood working industry shall contribute to the growth of consumer adhesives market in India. Polyvinyl Acetate (PVA) will continue to dominate the consumer adhesive market in India owing to its wide application in paper, cards and wood industry.

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

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

India Adhesives Market

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