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
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