Leather Adhesives in India, Textile Adhesives in India, Health and Hygiene Adhesives in India

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“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.

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:-

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

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