“Amplified demand for Adhesives from pharma & food packaging industry along with wood working industry has driven the growth of Adhesives Market in India.”
Consolidating
Indian Adhesives Market: Pidilite is one of the incumbent players and
was able to achieve the scale in last 5 years. Pidilite’s premiumization, innovative
packaging and focus to tap the underpenetrated regions by offering higher ROI
fulfilment opportunities for distributors have contributed to the success of
the company. Pidilite is dominating the consumer adhesives market and also has
a significant share in the industrial adhesives market in India. Pidilite
recently acquired Huntsman’s brand Araldite which is the leader in the epoxy
segment in India, indicating that the industry is moving towards consolidation
and may continue to consolidate further as well.
Focus
on Inorganic Growth: In a span of last 4-5 years, the adhesives industry
has seen around 5-6 major acquisitions. The future is going to be driven on the
basis of horizontal companies, trying to acquire companies which have a
vertical play in the market. Some the companies in this market have tried to
create a niche in different adhesives segments such as PVA, Epoxy, wood
working, stationary and others. Companies willing to enter any specific
adhesive segment such as leather adhesives segment or wood working adhesives
segment can look out for companies having majority presence in that segment and
can consider to acquire them to enter the market. For example: Pidilite is a
dominating player in the consumer adhesives market and is still having scope to
grow in the industrial sector with potential acquisition of the companies
having the majority market share in the industrial adhesives segment.
Potential
Market Entrants: Companies that have their presence in
industries such as sealants, VAM, construction chemicals, adhesives raw
materials could look upon adhesives as one product category as well. One major
advantage that these companies can enjoy would be the existing distribution
network of these companies could help them market their adhesives products and
reach to a larger target market. Companies such as Astral, Jubilant were having
their presence in allied industries before entering the adhesives business and
took the advantage of their existing distribution network all across India.
Astral which already had a huge distribution network for their piping business
PAN India benefitted from their dealer and distribution network and is now one
of the leading companies in the cyanoacrylate adhesive segment.
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” by Ken Research
suggested that the adhesives market is further expected to grow in the near
future as market is to witness the entry of global players and surge in demand
from packaging and furniture industry. Government initiatives such as Make in
India, Smart Cities project and Digital India contributing to adhesive market
growth. The market is expected to register a positive CAGR of 7.6% in terms of
revenue during the forecast period of FY’20-FY’26.
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:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
No comments:
Post a Comment