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 Growth” provides 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.
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.
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:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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