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.
India Industrial Adhesives
Market
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:-
Related Reports:-
No comments:
Post a Comment