India Adhesives Market Forecast & Opportunities , 2020

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

India Adhesives Market By Technology, By Type, By End Use Industry, Competit ion

Forecast and Opportunities , 2011 - 2025

T a b l e o f C o n t e n t s

S No. Contents

1. Product Overview

2. Research Methodology

3. Analyst View

4. Global Adhesives Market Overview

5. India Adhesives Market Outlook

5.1. Demand Supply Analysis, 2011-2015

5.1.1. Production

5.1.2. Import

5.1.3. Domestic Demand

5.1.4. Export

5.1.5. Net Inventory

5.2. Market Size & Forecast

5.2.1. By Value

5.2.2. By Volume

5.3. Market Share & Forecast

5.3.1. By Technology (Reactive, Hot Melt, Solvent Based & Water Based)

5.3.2.By Type (Polyurethane Adhesives, Vinyl Adhesives, Acrylic Adhesives, Rubber Based Adhesives, Epoxy Adhesives & Others)

5.3.3. By Region

5.3.4. By End Use Industry (Furniture, Packaging, Automotive, Footwear, Construction & Others)

5.3.5. By Company

5.4. Market Attractiveness Index

2

© TechSci Research

T a b l e o f C o n t e n t s

S No. Contents

6. India Adhesives Market Segmental Analysis

6.1. India Polyurethane Adhesives Market Outlook

6.1.1. Market Size & Forecast

6.1.1.1. By Value

6.1.1.2. By Volume

6.1.2. Market Share & Forecast

6.1.2.1. By End Use Industry

6.1.2.2. By Company & BPS Analysis

6.2. India Acrylic Adhesives Market Outlook

6.2.1. Market Size & Forecast

6.2.1.1. By Value

6.2.1.2. By Volume

6.2.2. Market Share & Forecast

6.2.2.1. By Type (Cyanoacrylates, Anaerobic Acrylates, Modified Acrylates & Others)

6.2.2.2. By End Use Industry

6.2.2.3. By Company & BPS Analysis

6.3. India Epoxy Adhesives Market Outlook

6.3.1. Market Size & Forecast

6.3.1.1. By Value

6.3.1.2. By Volume

6.3.2. Market Share & Forecast

6.3.2.1. By End Use Industry

3

© TechSci Research

T a b l e o f C o n t e n t s

S No. Contents

6.3.2.2. By Company & BPS Analysis

6.4. India Vinyl Adhesives Market Outlook

6.4.1. Market Size & Forecast

6.4.1.1. By Value

6.4.1.2. By Volume

6.4.2. Market Share & Forecast

6.4.2.1. By End Use Industry

6.4.2.2. By Company & BPS Analysis

6.5. India Rubber Adhesives Market Outlook

6.5.1. Market Size & Forecast

6.5.1.1. By Value

6.5.1.2. By Volume

6.5.2. Market Share & Forecast

6.5.2.1. By Type (Brushable & Sprayable)

6.5.2.2. By End Use Industry

6.5.2.3. By Company & BPS Analysis

7. Pricing Analysis

8. Import-Export Analysis

9. Market Dynamics

9.1. Drivers

9.2. Challenges

4

© TechSci Research

T a b l e o f C o n t e n t s

S No. Contents

10. List of Major Customers Along with Their Procurement Volume

11. Market Trends & Developments

11.1. Rising Demand for Silicon Based Conductive Adhesives in Automotive Sectors

11.2. Growing Demand for Bio Adhesives

11.3. Increasing Popularity of Hybrid Adhesives Technologies

11.4. Emerging Technologies in Packaging Sector

11.5. Strong Growth of the Retail Market in India

12. Policy & Regulatory Landscape

13. India Economic Profile

14. Competitive Landscape

14.1. Competition Benchmarking

14.2. Company Profiles

14.2.1. Pidilite Industries Limited.

14.2.2. Henkel Adhesive Technologies India Private Limited

14.2.3. Huntsman International (India) Private Limited

14.2.4. Atul Ltd.

14.2.5. Sika India Pvt. Ltd.

14.2.6. Anabond Limited

5

© TechSci Research

T a b l e o f C o n t e n t s

S No. Contents

14.2.7. Bostik India Private Limited

14.2.8. Metlok Private Limited

14.2.9. HB Fuller India Adhesive Pvt Ltd.

14.2.10. 3M India Limited.

15. Strategic Recommendations

16. About Us & Disclaimer

6

© TechSci Research

P r o d u c t O v e r v i e w

7

© TechSci Research

Adhesives are bonding agents used for holding two surfaces together in various end use industries. Adhesives may

be applicable interchangeably with cement, paste, mucilage, etc. An adhesive must develop strength and adhere to

surfaces post application and should remain stable under any environmental condition. Adhesives are categorized

on the basis of raw materials used for production. Natural and synthetic polymers are widely used for the

production of different types of adhesives such as polyurethane, acrylic, vinyl, epoxy and rubber based adhesives.

Adhesives

By Polymer TypeBy End Use

IndustryBy Region

By Technology

By Company

Polyurethane Acrylic Epoxy VinylRubber based

Packaging Construction Automotive Furniture FootwearOthers - Electricals,

Roofing, Carpet etc.

21 3

SouthWestNorth East

India Adhesives Market Taxonomy

4

Reactive Solvent basedHot meltWater based

R e s e a r c h M e t h o d o l o g y

8

© TechSci Research

Baseline Methodology :

For the study of India adhesives market, TechSci Research has gathered information through an exhaustive search

of credible databases and organizations such as Ministry of Commerce, Indian Polyurethane Association, Society of

Indian Automobile Manufacturers, etc., as well as our internal database. Our team of analysts has then prudently

evaluated all the collected information and presented the same in chronological order to depict a meaningful and

clear picture of the adhesives market in India. While compiling the data, we have also cross checked all the

collected information from multiple sources and data warehouses, so that we can present the most accurate and

precise information of the concerned industry. For the purpose of calculating the overall market for adhesives in

India, demand for each category of adhesives, such as polyurethane adhesives, acrylic adhesives and epoxy

adhesives, etc., have been analyzed thoroughly and consumption of each segment is projected separately to arrive

at a reasonable figures for the market size of India adhesives market through 2025.

Secondary Research

Analysis of data from credible

sources such as Indian

Polyurethane Association,

Ministry of Commerce, etc.

Trade analysis of adhesives in

India.

Company annual reports, white

papers, investor presentations

and financial reports

Primary Research

Identifying Key Opinion Leaders

Questionnaire Design

In-depth Interviews

Coverage across Value Chain

Data Analysis

Bottom-Up approach for the calculation of India adhesives market size

Impact analysis of drivers and challenges to the growth of the market for India adhesives market

Historical trend examination

Statistical analysis to project the growth of India adhesives market

R e s e a r c h M e t h o d o l o g y

9

© TechSci Research

India

Adhesives

Market

Optimistic

Likely

D1

D2

D3

Short term Medium term Long term

D1

D2

D3

Short term Medium term Long term

XX% + 4% CAGR

• Qualitative to quantitative conversion

• Assigning weightage to drivers

• Statistical evaluation• Developing the actual

forecast based on both the cases

High MediumDegree of impact

• Market indicators expected to outperform during the forecast period

• Market expected to gain traction with increasing impact of drivers

• Market indicators expected to perform at average level during the forecast period

• Market expected to slow down with decreasing impact of drivers

Forecasting Methodology

XX% CAGR

XX% + 2% CAGR

Low

Conservative

R e s e a r c h M e t h o d o l o g y

10

© TechSci Research

LIKELY

OPTIMISTIC

IMPACT OF GROWTH DRIVERS

11.0%

12.0%

13.0%

14.0%

10.0%

9.0%

GROWTH FACTOR

LOW

EXP

ECTE

DH

IGH This scenario is characterized by higher

impact of economic and market growth factors on India adhesives market

This scenario is characterized bymoderate impact of economic andmarket growth factors Indiaadhesives market

In this scenario impact of economic aswell as market growth factors iscomparatively very low on Indiaadhesives market

I n d u s t r y B r i e f

11

India Adhesives Market to Cross $ 1.3 Billion by 2025

According to TechSci Research report, “India Adhesives Market By Technology, By Type, By End Use Industry,Competition Forecast and Opportunities, 2011 - 2025’’, adhesives market in India is forecast to cross US$ 1.3 billion by2025, on account of continuously growing building and construction sector, increasing demand for packaging materialsin food & beverage industry and growing furniture industry. Growth in India adhesives market can also be attributed tomacroeconomic factors such as increasing population base, rising per capital income and rapid industrialization.Moreover, rising technological advancements have led to development of advanced and hybrid adhesives that haveexcellent bonding strength and flexibility, under a wide range of temperatures. Rising awareness about different typesof adhesives and their applications in various end user industries is projected to boost demand for adhesives in Indiaduring 2016-2025.

Polyurethane adhesives dominate India adhesives market and the segment is projected to continue dominating themarket through 2025, due to growing demand from various end user industries such as automotive, furniture,packaging and construction. Moreover, increasing health concerns among individuals, and rising per capita income isfueling demand for eco-friendly materials and adhesives across various end user industries. Construction chemicalsmarket in India stood at over USD573 million in 2014 and is growing continuously, on the back of rapidly growingconstruction industry and favorable government initiatives such as “Make in India”. All these factors are projected toboost growth in the country’s adhesives in India in the coming years.

“Shift of the automotive production to India from western countries, due to easy availability of cheap workforce andraw materials is boosting growth in India adhesives market. In 2015, India automotive components market was valuedat USD39 billion. Further, a major share in the demand for environment friendly and technologically advancedadhesives is emanating from various end user industries in India. Moreover, rising awareness regarding harmful effectsof synthetic adhesives on human health and environment is anticipated to drive the shift towards bio adhesives forvarious applications in the country during the forecast period. Consequently, these new technology developmentspertaining to adhesives, based on end user requirements is anticipated to drive India adhesives market in the comingyears.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global managementconsulting firm.

12

© TechSci Research

India Adhesives Market Size, By Value, 2011-

2025F (USD Million)

S a m p l e – D a t a - S n a p s h o t1 2 3 4 5 6 7 8 9 1

0 11 12 13 14 15

8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8%

5.00%

6.00%

7.00%

8.00%

0

5

10

15

20

Source:XXXXXNote: These are dummy figures; please purchase our report for actual data

India Adhesives Market Share, By Type, By Volume, 2011-2025F

5% 5%5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%

10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%

15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 15%

20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%

25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%

2011 2012 2013 2014 2015 2016E2017F2018F2019F2020F2021F2022F2023F2024F2025F

Polyurethane Adhesives Acrylic Adhesives

Epoxy Adhesives Vinyl Adhesives

Rubber Based Adhesives Others

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

0.00 1.00 2.00 3.00 4.00 5.00

Solvent Based

Water Based

Reactive

Hot Melt

India Adhesives Market Attractiveness Index, By

Technology, By Volume, 2015-2025F

India Adhesives Market Share, By

Company, By Value, 2015

India Adhesives Market Share, By

Company, By Value, 2025F

Pidilite20.00%

Henkel…

Jyoti20.00%

Uflex20.00%

Others20.00%Pidilite

20.00%

Henkel…

Jyoti20.00%

Uflex20.00%

Others20.00%

India Adhesives Market Size, By Volume, 2011-2025F

(Thousand Metric Ton)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8%

5.00%

6.00%

7.00%

8.00%

0

5

10

15

20

India Polyurethane Adhesives

Market BPS Analysis, By

Volume, 2015 & 2025F

33.00%

33.00%

34.00%

34.00%

33.00%

33.00%

2015 2025F

Henkel Huntsman Others

India Acrylic Adhesives

Market BPS Analysis, By

Volume, 2015 & 2025F

33.00%

33.00%

34.00%

34.00%

33.00%

33.00%

2015 2025F

OthersBenson Polymers LimitedPidilite

R e p o r t O r d e r i n g

To View Sample OR Purchase Report

Report Price

Report Name: India Adhesives Market By Technology, By Type, By End Use

Industry, Competition Forecast and Opportunities, 2011 - 2025

License Type Price

Electronic Access - Single User License $2500

CD-ROM Mail Delivery $3000

Hard Copy Mail Delivery $3500

Electronic Access - Multi-User License $5000

13

© TechSci Research

A b o u t U s & D i s c l a i m e r

About Us

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides

market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving

productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-

specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and

global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

Related Reports

India Wastewater Treatment Plants Market By Type, By Plant Category, By Operating Mode, Competition Forecast and Opportunities,

2011-2021

US Mobile Water Treatment Services Market By End User (Energy and Power; Oil and Gas; Pharmaceutical; Pulp and Paper; Chemical

Processing; Mining and Mineral Processing; and Others), Competition Forecast & Opportunities, 2011-2021

India Water Purifiers Market By Technology (RO, Gravity and UV), By Sales Channel (Direct Vs. Retail), By Region, Competition

Forecast and Opportunities, 2011 – 2021

Partial List of Clients

TechSci Research – North America

708 Third Avenue, Manhattan,

New York, United States

Tel: +1- 646- 360- 1656

Email: sales@techsciresearch.com

www.techsciresearch.com

TechSci Research – Europe

54, Oldbrook, Bretton,

Peterborough,

United Kingdom

Email: sales@techsciresearch.com

www.techsciresearch.com

TechSci Research – Asia-Pacific

B – 44, Sector -57, Noida, National

Capital Region, U.P. - India

Tel: +91-120-4523900

Email: sales@techsciresearch.com

www.techsciresearch.com

Disclaimer

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is madethat it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from varioussources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness ofany information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially statesthat it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts,can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internalconsumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

14