India Adhesives Market Outlook to FY’2026
Surging Demand for Water Based Adhesives in the Growing Wood Working Industry to Influence Market Growth
Region:Asia
Author(s):Monika Singh
Product Code:KR1040
January 2021
114
About the Report
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 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
Products
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
Companies
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
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
Table of Contents
1. Executive Summary (Market Size, industry growth drivers, industry challenges, market overview, competition scenario and future scenario).
2. India Adhesives Industry Overview
2.1. Industry Overview and Market Size
2.2. Import Scenario (Monthly adhesive import value data for 2019, overall adhesive import value by country(2019), import value by type of adhesive (2019), Cyanoacrylate adhesive import value by country (2019), PVA adhesive import value by country (2019), Epoxy adhesive import value by country (2019), Hot Melt adhesive import value by country (2019).
2.3. Distribution Value Chain Analysis (Manufacturer margin, Import Margin, C&F Margin, Wholesaler Margin, Retailer Margin)
2.4. Trends in India Adhesives Market
2.5. Issues & Challenges in the Indian Adhesives Market
2.6. Entry Barriers in India Adhesives Market
2.7. India Adhesives Industry SWOT Analysis (Strength, Weakness, Opportunity and Threat of India Adhesives Market)
2.8. Porter’s Five Forces Analysis of Adhesives Industry
3. End User Industry Analysis
3.1. End User Segment: Real Estate Industry (Real estate market size, Cumulative FDI Inflow between April, 2000 – March, 2020)
3.2. End User Segment: Real Estate Industry and Construction Industry (Upcoming Government and Private Real Estate Projects till FY’25, Construction industry growth rate (2020-2026))
3.3. End User Segment: Furniture Industry (India furniture market by segment revenue, overview of India modular furniture market)
3.4. End User Segment: Wood Working Industry (India wood working industry market size, Major wood working states & Clusters in India, India Plywood industry market size, India Wood and Laminate industry market size, India wood door market size, India Wooden Handicraft Industry Overview)
3.5. End User Segment: Art & Craft Industry (India art & craft industry overview, India Stationary Industry Overview)
3.6. End User Segment: Packaging Industry (India Packaging Industry Overview, India packaging industry market size)
3.7. End User Segment: Automotive Industry (India Automotive Industry Overview, Number of Automobiles Manufactured in India (FY’16-FY’20), Number of Automobiles Sales in India, FY’15-FY’20)
3.8. End User Segment: Electronics & Consumer Durable Industry (Indian Appliance and Consumer Electronics Industry market size, Electronics Hardware production in India)
3.9. End User Segment: Fashion and Accessories Industry (Bags & Luggage Market size, Jewellery Market size, Footwear Market size, Helmet industry market size)
3.10. End User Segment: Healthcare & Medical Devices Industry (Indian medical Device Industry market size, Adhesive Applications & Usage in Medical Devices & Other Healthcare Products)
4. India Adhesives Market Segmentation
4.1. Segmentation – Industrial vs. Consumer Adhesives (Market share of industrial and consumer adhesives in India, Cross comparison on the basis of definition, brands, growth factors)
4.2. Adhesives Market Share by Regional Demand (Major industries, Major Centres and Major Players)
5. Competition Analysis- Adhesives Market
5.1. Adhesives Market – Financial Landscape (Vintage, Overall Adhesives Revenue, Industrial adhesives revenue, consumer adhesives revenue, consumer adhesives market share, Manufacturing plants)
5.2. Adhesives Market – Business Landscape (Employees, branches, dealer/distributor network, major adhesive brands, business verticals, industries, focus area, brand presence)
6. Executive Summary – Industrial Adhesives Market (Industrial adhesive market size, End user market size- Packaging, Furniture, Manufacturing & others, Industrial Adhesive Competition Ecosystem)
7. India Industrial Adhesives Market Overview
7.1. India Industrial Adhesives Industry Overview (Industrial adhesive market size (FY’15-FY’20), Industrial adhesive industry overview)
7.2. Industrial Adhesives Market Ecosystem (Industrial Adhesive Ecosystem on the Basis of Revenue, Industrial Adhesive Ecosystem on the Basis of Products)
8. India Industrial Adhesives Market Segmentation
8.1. Segmentation – Organized vs. Unorganized Industrial Adhesive Players (Market share of organized & unorganized, cross comparison on the basis of definition, competitive positioning, major end users, sales channel, reasons for preference, companies)
8.2. Segmentation – Industrial Adhesives, by Industries (Market share of packaging, furniture, manufacturing and other industries, Cross comparison on the basis of industry market size, type of adhesive used, technology preferred, major companies, adhesive companies, clusters)
8.3. Segmentation – Industrial Adhesives, by Technology (Market share of water based, solvent based, Hot melt and reactive adhesives, cross comparison on the bass of definition, benefits, end users, companies)
8.4. Segmentation – Industrial Adhesives, by Product (Market share of PU, PVA, EVA, Epoxy and Acrylic, Cross comparison on the basis of definition, type of technology, end users, companies)
9. Competition Analysis – Industrial Adhesives
9.1. Product Landscape of Industrial Adhesive Companies in India (Product landscape on the basis of Packaging, Automotive, Manufacturing and other end users)
10. Executive Summary – Consumer Adhesives Market (Market size of consumer adhesives market, Market overview, growth rate, industry challenges)
11. India Consumer Adhesives Market Overview
11.1. India Consumer Adhesives Industry Overview (Market size of consumer adhesives market (FY’15-FY’20), consumer adhesives market overview)
11.2. Consumer Adhesives Market Ecosystem (Consumer Adhesive Ecosystem on the Basis of Revenue, Consumer Adhesive Ecosystem on the Basis of Products)
12. India Consumer Adhesive Market Segmentation
12.1. Segmentation – Organized vs. Unorganized Consumer Adhesive Players (Market share of organized & unorganized, cross comparison on the basis of definition, competitive positioning, type of adhesives, major end users, sales channel, reasons for preference, companies, brands)
12.2. Segmentation – By Technology used (Market share of water based, hot melt and reactive adhesive, cross comparison on the basis of definition, benefits, end users , companies, brands)
12.3. Segmentation – By Product Type (Market share of PVA, Cyanoacrylate, Epoxy and Polyurethane, cross comparison on the basis of definition, type of technology, end users, companies, products, channel)
12.4. Segmentation – By end user type (Market share of Carpenter/Intermediaries and end consumer, cross comparison on the basis of companies, type of adhesives, type of technology, channel, product size, organized or unorganized)
12.5. Segmentation – By end use application (Market share of Wood work, Art & Craft, Maintenance/DIY, Cross comparison on the basis of companies, brands, product name, type of adhesive, type of technology, channel)
12.6. Segmentation – By Sales Channel (Market share of Paint & hardware Stores, Stationery & Retail Stores and E-commerce, Cross comparison on the basis of end user, type of adhesive, type of technology, companies, Brands)
13. Competition Analysis – Consumer Adhesives
13.1. Market Share of Adhesives Companies on the basis of Revenue
13.2. Market Share of Adhesives Companies on the basis of PVA Wood Working segment, in PVA Art & Craft
13.3. Market Share of Adhesives Companies on the basis of Cyanoacrylate Adhesives and Epoxy Adhesives
13.4. Product Landscape of Consumer Adhesive Companies in India (Product landscape on the basis of woodworking, maintenance & DIY and Art & Craft)
14. Company Profiles
14.1. Pidilite Industries Ltd. (Company overview, key product categories, consumer adhesive brands, geographical presence, recent development, expansion plans, R&D Focus, USP, Initiatives taken during COVID-19, Pidilite Sales Split by Product Categories, Pidilite Performance by Industry Segment in terms of Sales, Key financial indicators)
14.2. Jubilant Agri and Consumer Products (Company overview, key product categories, consumer adhesive brands, geographical presence, R&D Focus, marketing initiatives, USP, Key financial indicators)
14.3. Astral Poly Technik (Company overview, key product categories, Brands, regional presence, adhesive distribution network, adhesive manufacturing plant capacity, mergers and acquisitions, key financial indicators)
14.4. Nikhil Adhesives (Company overview, key product categories, brands, regional presence, manufacturing plant capacity, Nikhil Adhesives Segment wise Sales, Key financial indicators)
14.5. 3M (Company overview, key product categories, geographical presence, R&D Focus, Business strategies, Future plans, 3M Revenue by Business Segments, Key financial indicators)
14.6. Henkel Global (Company overview, Business Vertical & Top Brands, Industries Served under Adhesives, recent development, geographical presence, R&D Focus, Sales by Business Unit, Key financial indicators)
14.7. Henkel Adhesives Technology India Pvt. Ltd. (Company overview, key product categories, Brands, Geographical presence, Industries Served under Adhesives, Recent development, Adhesives Distribution Network, Key financial indicators)
14.8. Anabond (Company overview, key product categories, geographical presence, R&D Focus, Adhesive distribution network, Industries Served under Adhesives, USP, Key financial indicators)
14.9. Huntsman (Company overview, key product categories, geographical presence, R&D Focus, Industries Served under Adhesives, recent development, Key financial indicators,
14.10. HB Fuller (Company overview, key product categories, geographical presence, Industries Served under Adhesives, R&D Focus, Future plans, Key financial indicators)
14.11. Sika (Company overview, key product categories, brands, geographical presence, Industries Served under Adhesives, Adhesive distribution network, USP, Weakness)
15 .India Adhesives Market Future Outlook and Projections
16 .India Consumer Adhesives Market Future Outlook and Projections
16.1. Future Segmentation of Consumer Adhesives, by Product
16.2. Future Segmentation of Consumer Adhesives, by Technology
16.3. Future Segmentation of Consumer Adhesives, by User Type and End User Application
16.4. Future Segmentation of Consumer Adhesives, by Channel and Organized & Unorganized Market
17. India Industrial Adhesives Market Future Outlook and Projections
17.1. Future Segmentation of Industrial Adhesives, by Industry
17.2. Future Segmentation of Industrial Adhesives, by Technology and Organized & Unorganized Market
17.3. Future Segmentation of Industrial Adhesives, by Product
18. COVID-19 Impact
19. Analyst Recommendation
20. Appendix
Disclaimer
Contact Us
Why Buy From Us?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.
While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.
Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.
If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.