Water Based Adhesives in India to Outperform All Other Adhesive Types through
2019, says TechSci Research
BURNABY, Canada, May 29, 2014
BURNABY, Canada, May 29, 2014 /PRNewswire/ --
India Adhesives Market to Grow due to Increasing Use of Adhesives among Major
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Adhesives offer one of the most versatile binding techniques available in the
market among other technologies like welding, sewing, bolting, screwing, etc.
Adhesives have many advantages over other techniques such as elimination of
corrosion, superior aesthetics, uniform stress distribution, quick and cost
effectiveness, and hence, their consumption is high in the manufacturing
sector. The packaging industry, which is the most important end-user industry
for adhesives, was valued at USD27.6 billion in 2012-13 and is expected to
grow at an annual rate of over 15% through 2016. As a result, the demand for
adhesives from the country's packaging industry is forecast to significantly
grow in the coming years. Many global adhesive players are investing heavily
in India as the infrastructure industry, automotive industry and flexible
packaging industry continue to grow in the country. Henkel, Huntsman, and 3M
are some of the multinational companies, which have expanded their operations
According to a recently published report by TechSci Research , " India
Adhesives Market Forecast & Opportunities, 2019 " , a growing trend prevalent
in the industry is increasing use of water-based adhesives. As per the report
forecasts, water-based adhesives are projected to hold a share of around 42%
of the country's adhesives market by the end of 2019. With upcoming
infrastructural projects such as railway tracks, metro rails as well as new
wind energy farms, the country is set to witness a strong growth in the
adhesives industry over the next five years. Also, automotive adhesives are
expected to witness growth as the demand for lightweighting and composite
joining adhesives from automobile manufacturers continuing to increase.
"The manufacturing sector in India is still growing and adhesive industry's
growth is directly aligned with the country's manufacturing growth. The
adhesives market in India is growing on account of new product developments,
which require joining of two similar or dissimilar substrates. Industrial
adhesives are replacing mechanical fastener for bonding requirements, and the
demand for these adhesives is expected to grow in line with the country's
manufacturing growth." said Mr. Karan Chechi, Research Director at TechSci
Research . In India, Pidilite Industries Ltd. is currently the largest player
in the adhesives market, and the country is witnessing an increasing number of
international players foraying into the market.
" India Adhesives Market Forecast & Opportunities, 2019 " has analyzed the
potential of the Indian adhesives market and provides statistics and
information on market sizes, shares and trends. The report would suffice
strategic business units by providing the intending clients with cutting-edge
market intelligence and help them in taking sound investment evaluation.
Besides, the report also identifies and analyzes the emerging trends along
with essential drivers and key challenges faced by the industry.
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