India Adhesives & Sealants Market - Segmented by Technology, Product Type, and End-user Industry - Growth, Trends, and Forecast (2018 - 2023)

India Adhesives & Sealants Market - Segmented by Technology, Product Type, and End-user Industry - Growth, Trends, and Forecast (2018 - 2023)

Purchase Report

India Adhesives & Sealants Market

The India adhesives & sealants market is expected to grow significantly at the highest CAGR of 6.33% and 9.47%, respectively, during the forecast period (2018 - 2023). India, with rising industrial and economic development, is seeing an increasing demand from various end-user sectors of adhesives, such as the building & construction sector, footwear industry, and wood-working & joinery industry, and this is currently driving the Indian adhesives & sealants market.

Growth of Automotive Production in the Country

Over the past few years, adhesives have become a prime technology component in automotive applications, as they are continuously replacing traditional bonding or adhesion methods. In India, the automotive production has been growing at a high rate with the car segment exhibiting the highest growth rate during 2017. India is also a prominent auto exporter and is expected to witness a robust growth in the export sector. An increasing population, the growing GDP, and the increasing purchasing power of the middle-class population are driving the demand for new, lightweight, and fuel-efficient vehicles, and the demand for less or no VOC-emitting adhesives in the automotive sector. As the automotive industry is anticipated to boom, thus, the demand for adhesives & sealants is also expected rise in India.

Increasing raw material prices are one of the restrains hampering the growth of this market.

Packaging Industry Dominates the India Adhesives & Sealants Market

The Indian packaging industry accounts the highest share of the adhesives & sealants industry, in terms of revenue. Adhesives are widely used in paper bonding, owing to their physical properties. Their applications range from corrugated box construction and the lamination of printed sheets to packaging materials used for all types of consumer products. Therefore, the overall market for adhesives & sealants is expected to have a high growth in the country, as its end-user industries are showing a positive growth in India. This positive growth is attributable mainly to the strong demand from the food & beverage packaging sector. The rising demand for fast-moving consumer goods among India’s middle-class population has been a major boost to the market. The Indian adhesives & sealants market is anticipated to grow with the growth of the packaging industry.

Infrastructure Development to Boost Building & Construction Industry

Adhesives & sealants, owing to their characteristics and physical properties have an extensive use in the building & construction industry. In the construction sector, waterborne adhesives hold the major market share of over 50%, followed by the reactive adhesives of over 15% market share, solvent-borne, and others. The construction sector plays a pivotal role in the economic growth of a nation, especially in an emerging economy like India. The construction industry is the second-largest sector after agriculture in the country. The government is taking various steps to restructure the corporate taxes in order to make them more appealing to foreign investors. The growing investments in the construction sector and the strategic initiatives of the Indian government are expected to boost the construction sector in the country, thereby, to boost the adhesives & sealants market in India.

                                           India Adhesives & Sealants Market

Key Developments in the India Adhesives & Sealants Market

  • December 2017: Bostik opens new adhesives production plant in India.
  • March 2018: Pidilite Industries Limited and Germany's Jowat SE enter into Collaboration.

India Adhesives & Sealants Market Major Players: Pidilite Industries Ltd, Arkema(Bostik), Henkel AG & Co. KGaA, Sika AG, and Jubilant, among others.

Reasons to Purchase India Adhesives & Sealants Market Report

  • To understand the impact of end-user applications on the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating technology in the market
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of India Adhesives & Sealants Market Report

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs

1. Introduction

                1.1 Research Phases

                1.2 Study Deliverables

                1.3 Scope of the Report

2. Executive Summary

3. Market Insights

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness - Porter's Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

                3.3 PESTLE Analysis

4. India Adhesives & Sealants Market Dynamics

                4.1 India Adhesives & Sealants Market Drivers

                                4.1.1 Increasing Demand from Packaging Industry

                                4.1.2 Growth of Automotive Production in the Country

                4.2 India Adhesives & Sealants Market Restraints

                                4.2.1 Imbalance Between Supply and Demand of  Raw Materials

                4.3 India Adhesives & Sealants Market Opportunities

                                4.3.1 Increasing Electronics Assembly Operations in India

                                4.3.2 Growth of Defense Manufacturing in the Country

5. India Adhesives & Sealants Market Segmentation and Analysis (Market Size, Growth, and Forecast)

                5.1 By Technology

                                5.1.1 Water-borne


                                       Polyvinyl Acetate (PVA) Emulsion

                                       Ethylene Vinyl Acetate (EVA) Emulsion

                                       Polyurethane Dispersions (PU)

                                       CR (Chloroprene Rubber) Latex


                                5.1.2 Solvent-borne

                                       Styrene-Butadiene Rubber

                                       Chloroprene Rubber

                                       Poly Acrylate (PA)



                                5.1.3 Reactive


                                       Modified Acrylics & Cyanoacrylates





                                5.1.4 Hot-melts

                                       Ethylene Vinyl Acetate

                                       Synthetic Rubbers


                                5.1.5 Others

                5.2 Sealants by Product Type

                                5.2.1 Silicone

                                5.2.2 Polyurerthane

                                5.2.3 Acrylic

                                5.2.4 Polyvinyl Acetate

                                5.2.5 Others

                5.3 By End-user Industry

                                5.3.1 Building & Construction

                                5.3.2 Paper, Board, & Packaging

                                5.3.3 Woodworking & Joinery

                                5.3.4 Transportation

                                5.3.5 Footwear & leather

                                5.3.6 Healthcare

                                5.3.7 Electronics

                                5.3.8 Others (Textile, Consumer goods, etc.)

6. Competitive Landscape

                6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

                6.2 Market Share Analysis**

                6.3 Strategies Adopted by Leading Players

7. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

                7.1 3M

                7.2 Anabond

                7.3 Arkema

                7.4 Ashland

                7.5 AtulLtd

                7.6 Avery Dennison Corporation

                7.7 Benson Polymers Limited

                7.8 DowDuPont

                7.9 H.B. Fuller

                7.10 Henkel AG & Co. KGaA

                7.11 Hexion

                7.12 Illinois Tool Works Inc.

                7.13 JowatCorporation

                7.14 LORD Corporation

                7.15 MapeiConstruction Products India Pvt Ltd

                7.16 Permabond LLC

                7.17 PidiliteIndustries Limited

                7.18 SikaAG

                7.19 WackerChemieAG

                7.20 Welbound

                7.21 Wisdom Adhesives Worldwide

                *List not exhaustive

8. Disclaimer

**Subject to availability on public domain

Purchase Report

Our Clients Include View All

Looking to Customize Report?

Complete your payment details below

Shipping & Billing Information

Payment Information