India Adhesives Market is expected to reach about INR 21,400 Cr in Revenue by FY’2026: Ken Research

Adhesives market witnessed a decline in the Q2 of 2020 owing to the COVID-19 situation but witnessed a positive growth in the Q3 of 2020 as soon as the lockdown restrictions were removed.

The consumer adhesives market is anticipated to grow with a CAGR of 7.4% and the industrial adhesives market with a CAGR of 7.8% during the forecast period FY’20-FY’26.

Growing packaging (17%) and furniture (5%) industry in India is contributing to the surging demand for industrial adhesives in India.

Surging Demand for Water Based Adhesives: Government and environmental legislations to reduce volatile organic compound (VOC) emissions has derived the need for change from solvent based adhesives. Water based adhesives are environmental friendly, which is contributing to better traction of customers towards these products in India. There is an increase in use of water based adhesives across various end user segments, as they are free from harmful volatile organic compound emissions and offer high tensile strength.

Government Initiatives Contributing to Growth of Adhesives Market: Government initiatives such as Make in India, Smart cities project and Digital India are contributing to adhesive market growth in India. With the Make in India initiative, the country is anticipated to witness entry of global players in the adhesives market in India. Smart city projects is the other initiative taken by the government, which will further strengthen the construction market, furniture market and maintenance market, lead to rise in demand for the industrial and consumer adhesives.  Government has also helped the adhesive industry by removal of licensing requirements and allowance to entrepreneurs to set up chemicals industries.

Surging Adhesive Exports: The adhesives market in India is anticipated to witness a rise in exports, especially industrial adhesives to the neighboring countries: Bhutan, Bangladesh, Nepal, Sri Lanka and others, owing to the lack of manufacturing capability of industrial adhesives in these countries and the growing local manufacturing of adhesives in India.

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 the market is witnessing the entry of global players and rise in demand from packaging and furniture industry. Government initiatives such as Make in India and Smart Cities projects are contributing to the same. 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.

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

Related Reports:-

India Coupling Agents & Compatibilizers Market Outlook to 2023 – By Application (Packaging & Plastics Industry, Automotives Industry, Adhesives & Sealants and Paints & Coatings, Rubber Industry, Energy Sector and Others) and by Coupling Agents (Maleic Anhydride Grafted Polymers, Silane Coupling Agents and Others)

India Waterproofing Membrane Market Outlook to 2025 – Waterproofing Membrane Market by Revenue (Sheet & Liquid Membrane), By Application (Roofing, Walls, Basements & Others), By End Users (Real Estate, Industrial, Infrastructure & Others) & By Regional Demand (North, West, South & East)

India Bricks and Blocks Market Outlook to 2024-Rising Emphasis on Green Buildings and High Rise Building Projects Elevating Demand for AAC Blocks

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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