India Adhesives Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The India Adhesives Market is segmented by End User Industry ( Aerospace, Automotive, Building And Construction, Footwear And Leather, Healthcare, Packaging, Woodworking And Joinery ) , by Technology ( Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, Water-borne ) and by Resin ( Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA )

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India Adhesives Market Size

market-snapshot graph
https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2017 - 2028
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry: Packaging
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User Industry: Aerospace
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 7.54 %

Major Players
major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

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India Adhesives Market Analysis

The India Adhesives Market is projected to register a CAGR of 7.54%

  • Largest Segment by End User Industry - Packaging : The packaging industry is the dominant end-user industry in the market owing to its widespread applications, including labels, tapes, carton sealing and joining, labeling, and others.
  • Fastest-growing Segment by End User Industry - Aerospace : The aerospace industry is expected to be the fastest end-user segment in the market owing to the rapid expansion of general aviation and military aviation in the domestic market.
  • Largest Segment by Technology - Hot Melt : In India, hot melt adhesives gain the major market share owing to their easy applicability, non-toxic, and fast curing process across several industries.
  • Largest Segment by Resin - Polyurethane : Polyurethane adhesives occupied the largest share owing to their wide applications in building construction, woodworking, and automotive industries, specifically for exterior applications.

India Adhesives Industry Segmentation

Aerospace, Automotive, Building And Construction, Footwear And Leather, Healthcare, Packaging, Woodworking And Joinery are covered as segments by End User Industry. Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin.
End User Industry
Aerospace
Automotive
Building And Construction
Footwear And Leather
Healthcare
Packaging
Woodworking And Joinery
Other End-user Industries
Technology
Hot Melt
Reactive
Solvent-borne
UV Cured Adhesives
Water-borne
Resin
Acrylic
Cyanoacrylate
Epoxy
Polyurethane
Silicone
VAE/EVA
Other Resins

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India Adhesives Market Trends

This section covers the major market trends shaping the India Adhesives Market according to our research experts:

Packaging is the largest segment by End User Industry.

  • The consumption of adhesives in India has shown a downward trend in 2020 due to the impact of COVID-19. The production was reduced by 9.94% in terms of value in the same year compared to 2019. The lockdown in the country for nearly three months, due to which production facilities were shut down, and raw material shortages are some of the major reasons for the decline in adhesives consumption in India.
  • Packaging is the fifth-largest industry in India's economy and one of the fastest-growing sectors in the country. The sector is developing at a CAGR of 22% to 25%, according to the Packaging Industry Association of India (PIAI). Over the last several years, the packaging industry has played a vital role in driving technology and innovation growth in the country, as well as delivering value to other manufacturing sectors like agriculture and FMCG. According to the Indian Institute of Packaging (IIP), packaging consumption in India has surged 200% over the last decade, reaching 8.6 kg per person per year in 2020 from 4.3 kilograms per person per year in 2010.
  • India is also a significant vehicle exporter, with high export growth expected in the near future. Furthermore, various efforts by the Government of India and key automobile firms in the Indian market are likely to propel India to the forefront of the two- and four-wheeler markets in the coming periods. The Indian passenger vehicle market was valued at USD 32.70 billion in 2021, and it is predicted to reach USD 54.84 billion by 2027, with a CAGR of more than 9% between 2022 and 2027. The electric vehicle (EV) industry in India is expected to reach USD 7.09 billion by 2025. This tends to increase the demand for adhesives.
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India Adhesives Industry Overview

The India Adhesives Market is fragmented, with the top five companies occupying 32.96%. The major players in this market are 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA and Pidilite Industries Ltd. (sorted alphabetically).

India Adhesives Market Leaders

  1. 3M

  2. Arkema Group

  3. H.B. Fuller Company

  4. Henkel AG & Co. KGaA

  5. Pidilite Industries Ltd.

*Disclaimer: Major Players sorted in no particular order

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India Adhesives Market News

  • December 2021: Sika planned to establish a new technology center and manufacturing factory for high-quality adhesives and sealants in Pune, India. The company primarily manufactures products for the transportation and construction industries through its three new production lines.
  • December 2021: Under the Nuplaviva brand, Arkema introduced a new range of disposable hygiene adhesive solutions formulated with bio-based renewable content.
  • October 2021: 3M introduced a new generation of acrylic adhesives, including 3M Scotch-Weld Low Odor Acrylic Adhesive 8700NS Series, 3M Scotch-Weld Flexible Acrylic Adhesive 8600NS Series, and 3M Scotch-Weld Nylon Bonder Structural Adhesive DP8910NS.

India Adhesives Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1. Study Assumptions & Market Definition

    2. 3.2. Scope of the Study​

    3. 3.3. Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1. End User Trends

    2. 4.2. Regulatory Framework

    3. 4.3. Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1. End User Industry

      1. 5.1.1. Aerospace

      2. 5.1.2. Automotive

      3. 5.1.3. Building And Construction

      4. 5.1.4. Footwear And Leather

      5. 5.1.5. Healthcare

      6. 5.1.6. Packaging

      7. 5.1.7. Woodworking And Joinery

      8. 5.1.8. Other End-user Industries

    2. 5.2. Technology

      1. 5.2.1. Hot Melt

      2. 5.2.2. Reactive

      3. 5.2.3. Solvent-borne

      4. 5.2.4. UV Cured Adhesives

      5. 5.2.5. Water-borne

    3. 5.3. Resin

      1. 5.3.1. Acrylic

      2. 5.3.2. Cyanoacrylate

      3. 5.3.3. Epoxy

      4. 5.3.4. Polyurethane

      5. 5.3.5. Silicone

      6. 5.3.6. VAE/EVA

      7. 5.3.7. Other Resins

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1. Key Strategic Moves

    2. 6.2. Market Share Analysis

    3. 6.3. Company Landscape

    4. 6.4. Company Profiles

      1. 6.4.1. 3M

      2. 6.4.2. Arkema Group

      3. 6.4.3. ASTRAL ADHESIVES

      4. 6.4.4. AVERY DENNISON CORPORATION

      5. 6.4.5. H.B. Fuller Company

      6. 6.4.6. Henkel AG & Co. KGaA

      7. 6.4.7. Huntsman International LLC

      8. 6.4.8. Jubilant Industries Ltd.

      9. 6.4.9. Pidilite Industries Ltd.

      10. 6.4.10. Sika AG

  7. 7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS

  8. 8. APPENDIX

    1. 8.1. Global Adhesives and Sealants Industry Overview

      1. 8.1.1. Overview

      2. 8.1.2. Porter’s Five Forces Framework

      3. 8.1.3. Global Value Chain Analysis

      4. 8.1.4. Drivers, Restraints, and Opportunities

    2. 8.2. Sources & References

    3. 8.3. List of Tables & Figures

    4. 8.4. Primary Insights

    5. 8.5. Data Pack

    6. 8.6. Glossary of Terms

List of Tables & Figures

    Figure 1:  

    INDIA AIRCRAFT DELIVERIES, VOLUME IN UNITS, 2017-2028

    Figure 2:  

    INDIA AUTOMOBILE PRODUCTION, VOLUME IN UNITS, 2017-2028

    Figure 3:  

    INDIA NEW FLOOR AREA, VOLUME IN SQUARE FEET, 2017-2028

    Figure 4:  

    INDIA FOOTWEAR PRODUCTION, VOLUME IN PAIRS, 2017-2028

    Figure 5:  

    INDIA PAPER & PAPER BOARD AND PLASTIC PACKAGING, VOLUME IN TONS, 2017-2028

    Figure 6:  

    INDIA FURNITURE PRODUCTION, VOLUME IN UNITS, 2017-2028

    Figure 7:  

    INDIA ADHESIVES MARKET, VOLUME, TONS, 2017 - 2028

    Figure 8:  

    INDIA ADHESIVES MARKET, VALUE, USD, 2017 - 2028

    Figure 9:  

    INDIA ADHESIVES MARKET, BY END USER INDUSTRY, VOLUME, TONS, 2017 - 2028

    Figure 10:  

    INDIA ADHESIVES MARKET, BY END USER INDUSTRY, VALUE, USD, 2017 - 2028

    Figure 11:  

    INDIA ADHESIVES MARKET, BY END USER INDUSTRY, VOLUME SHARE (%), 2022 VS 2028

    Figure 12:  

    INDIA ADHESIVES MARKET, BY END USER INDUSTRY, VALUE SHARE (%), 2022 VS 2028

    Figure 13:  

    INDIA ADHESIVES MARKET, AEROSPACE, VOLUME, TONS, 2017 - 2028

    Figure 14:  

    INDIA ADHESIVES MARKET, AEROSPACE, VALUE, USD, 2017 - 2028

    Figure 15:  

    INDIA ADHESIVES MARKET, AEROSPACE, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028

    Figure 16:  

    INDIA ADHESIVES MARKET, AUTOMOTIVE, VOLUME, TONS, 2017 - 2028

    Figure 17:  

    INDIA ADHESIVES MARKET, AUTOMOTIVE, VALUE, USD, 2017 - 2028

    Figure 18:  

    INDIA ADHESIVES MARKET, AUTOMOTIVE, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028

    Figure 19:  

    INDIA ADHESIVES MARKET, BUILDING AND CONSTRUCTION, VOLUME, TONS, 2017 - 2028

    Figure 20:  

    INDIA ADHESIVES MARKET, BUILDING AND CONSTRUCTION, VALUE, USD, 2017 - 2028

    Figure 21:  

    INDIA ADHESIVES MARKET, BUILDING AND CONSTRUCTION, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028

    Figure 22:  

    INDIA ADHESIVES MARKET, FOOTWEAR AND LEATHER, VOLUME, TONS, 2017 - 2028

    Figure 23:  

    INDIA ADHESIVES MARKET, FOOTWEAR AND LEATHER, VALUE, USD, 2017 - 2028

    Figure 24:  

    INDIA ADHESIVES MARKET, FOOTWEAR AND LEATHER, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028

    Figure 25:  

    INDIA ADHESIVES MARKET, HEALTHCARE, VOLUME, TONS, 2017 - 2028

    Figure 26:  

    INDIA ADHESIVES MARKET, HEALTHCARE, VALUE, USD, 2017 - 2028

    Figure 27:  

    INDIA ADHESIVES MARKET, HEALTHCARE, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028

    Figure 28:  

    INDIA ADHESIVES MARKET, PACKAGING, VOLUME, TONS, 2017 - 2028

    Figure 29:  

    INDIA ADHESIVES MARKET, PACKAGING, VALUE, USD, 2017 - 2028

    Figure 30:  

    INDIA ADHESIVES MARKET, PACKAGING, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028

    Figure 31:  

    INDIA ADHESIVES MARKET, WOODWORKING AND JOINERY, VOLUME, TONS, 2017 - 2028

    Figure 32:  

    INDIA ADHESIVES MARKET, WOODWORKING AND JOINERY, VALUE, USD, 2017 - 2028

    Figure 33:  

    INDIA ADHESIVES MARKET, WOODWORKING AND JOINERY, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028

    Figure 34:  

    INDIA ADHESIVES MARKET, OTHER END-USER INDUSTRIES, VOLUME, TONS, 2017 - 2028

    Figure 35:  

    INDIA ADHESIVES MARKET, OTHER END-USER INDUSTRIES, VALUE, USD, 2017 - 2028

    Figure 36:  

    INDIA ADHESIVES MARKET, OTHER END-USER INDUSTRIES, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028

    Figure 37:  

    INDIA ADHESIVES MARKET, BY TECHNOLOGY, VOLUME, TONS, 2017 - 2028

    Figure 38:  

    INDIA ADHESIVES MARKET, BY TECHNOLOGY, VALUE, USD, 2017 - 2028

    Figure 39:  

    INDIA ADHESIVES MARKET, BY TECHNOLOGY, VOLUME SHARE (%), 2022 VS 2028

    Figure 40:  

    INDIA ADHESIVES MARKET, BY TECHNOLOGY, VALUE SHARE (%), 2022 VS 2028

    Figure 41:  

    INDIA ADHESIVES MARKET, HOT MELT, VOLUME, TONS, 2017 - 2028

    Figure 42:  

    INDIA ADHESIVES MARKET, HOT MELT, VALUE, USD, 2017 - 2028

    Figure 43:  

    INDIA ADHESIVES MARKET, HOT MELT, BY RESIN, VALUE SHARE (%), 2021 VS 2028

    Figure 44:  

    INDIA ADHESIVES MARKET, REACTIVE, VOLUME, TONS, 2017 - 2028

    Figure 45:  

    INDIA ADHESIVES MARKET, REACTIVE, VALUE, USD, 2017 - 2028

    Figure 46:  

    INDIA ADHESIVES MARKET, REACTIVE, BY RESIN, VALUE SHARE (%), 2021 VS 2028

    Figure 47:  

    INDIA ADHESIVES MARKET, SOLVENT-BORNE, VOLUME, TONS, 2017 - 2028

    Figure 48:  

    INDIA ADHESIVES MARKET, SOLVENT-BORNE, VALUE, USD, 2017 - 2028

    Figure 49:  

    INDIA ADHESIVES MARKET, SOLVENT-BORNE, BY RESIN, VALUE SHARE (%), 2021 VS 2028

    Figure 50:  

    INDIA ADHESIVES MARKET, UV CURED ADHESIVES, VOLUME, TONS, 2017 - 2028

    Figure 51:  

    INDIA ADHESIVES MARKET, UV CURED ADHESIVES, VALUE, USD, 2017 - 2028

    Figure 52:  

    INDIA ADHESIVES MARKET, UV CURED ADHESIVES, BY RESIN, VALUE SHARE (%), 2021 VS 2028

    Figure 53:  

    INDIA ADHESIVES MARKET, WATER-BORNE, VOLUME, TONS, 2017 - 2028

    Figure 54:  

    INDIA ADHESIVES MARKET, WATER-BORNE, VALUE, USD, 2017 - 2028

    Figure 55:  

    INDIA ADHESIVES MARKET, WATER-BORNE, BY RESIN, VALUE SHARE (%), 2021 VS 2028

    Figure 56:  

    INDIA ADHESIVES MARKET, BY RESIN, VOLUME, TONS, 2017 - 2028

    Figure 57:  

    INDIA ADHESIVES MARKET, BY RESIN, VALUE, USD, 2017 - 2028

    Figure 58:  

    INDIA ADHESIVES MARKET, BY RESIN, VOLUME SHARE (%), 2022 VS 2028

    Figure 59:  

    INDIA ADHESIVES MARKET, BY RESIN, VALUE SHARE (%), 2022 VS 2028

    Figure 60:  

    INDIA ADHESIVES MARKET, ACRYLIC, VOLUME, TONS, 2017 - 2028

    Figure 61:  

    INDIA ADHESIVES MARKET, ACRYLIC, VALUE, USD, 2017 - 2028

    Figure 62:  

    INDIA ADHESIVES MARKET, ACRYLIC, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028

    Figure 63:  

    INDIA ADHESIVES MARKET, CYANOACRYLATE, VOLUME, TONS, 2017 - 2028

    Figure 64:  

    INDIA ADHESIVES MARKET, CYANOACRYLATE, VALUE, USD, 2017 - 2028

    Figure 65:  

    INDIA ADHESIVES MARKET, CYANOACRYLATE, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028

    Figure 66:  

    INDIA ADHESIVES MARKET, EPOXY, VOLUME, TONS, 2017 - 2028

    Figure 67:  

    INDIA ADHESIVES MARKET, EPOXY, VALUE, USD, 2017 - 2028

    Figure 68:  

    INDIA ADHESIVES MARKET, EPOXY, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028

    Figure 69:  

    INDIA ADHESIVES MARKET, POLYURETHANE, VOLUME, TONS, 2017 - 2028

    Figure 70:  

    INDIA ADHESIVES MARKET, POLYURETHANE, VALUE, USD, 2017 - 2028

    Figure 71:  

    INDIA ADHESIVES MARKET, POLYURETHANE, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028

    Figure 72:  

    INDIA ADHESIVES MARKET, SILICONE, VOLUME, TONS, 2017 - 2028

    Figure 73:  

    INDIA ADHESIVES MARKET, SILICONE, VALUE, USD, 2017 - 2028

    Figure 74:  

    INDIA ADHESIVES MARKET, SILICONE, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028

    Figure 75:  

    INDIA ADHESIVES MARKET, VAE/EVA, VOLUME, TONS, 2017 - 2028

    Figure 76:  

    INDIA ADHESIVES MARKET, VAE/EVA, VALUE, USD, 2017 - 2028

    Figure 77:  

    INDIA ADHESIVES MARKET, VAE/EVA, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028

    Figure 78:  

    INDIA ADHESIVES MARKET, OTHER RESINS, VOLUME, TONS, 2017 - 2028

    Figure 79:  

    INDIA ADHESIVES MARKET, OTHER RESINS, VALUE, USD, 2017 - 2028

    Figure 80:  

    INDIA ADHESIVES MARKET, OTHER RESINS, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028

    Figure 81:  

    INDIA ADHESIVES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2019 - 2021

    Figure 82:  

    INDIA ADHESIVES MARKET, MOST ADOPTED STRATEGIES, 2019 - 2021

    Figure 83:  

    INDIA ADHESIVES MARKET SHARE(%), BY MAJOR PLAYERS REVENUE, 2021

Market Definition

  • End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Woodworking & Joinery, Footwear & Leather, Healthcare, and Others are the end-user industries considered under the adhesives market.
  • Product - All adhesive products are considered in the market studied
  • Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Cyanoacrylate, VAE/EVA, and Silicone are considered
  • Technology - For the purpose of this study, Water-borne, Solvent-borne, Reactive, Hot Melt, and UV Cured adhesive technologies are taken into consideration.

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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

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India Adhesives Market Research FAQs

The India Adhesives Market is studied from 2017 - 2028.

The India Adhesives Market is growing at a CAGR of 7.54% over the next 5 years.

Packaging is growing at the highest CAGR over 2017 - 2028.

Aerospace holds highest share in 2021.

3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, Pidilite Industries Ltd. are the major companies operating in India Adhesives Market.

India Adhesives Industry Report

Statistics for the 2023 India Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Adhesives analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.