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Market Research Report

India Adhesives & Sealants Market - Growth, Trends, and Forecast (2019 - 2024)

Published by Mordor Intelligence LLP Product code 568531
Published Content info 160 Pages
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India Adhesives & Sealants Market - Growth, Trends, and Forecast (2019 - 2024)
Published: June 1, 2019 Content info: 160 Pages

Market Overview

The India Adhesives & Sealants market is expected to record a CAGR of 11.17% during the forecast period of 2019-2024. The major factor driving the market studied is the increasing demand from the packaging industry and the growth of automotive production in the country.

  • Challenges in the procurement of raw material are expected to hinder the market's growth.
  • Increasing electronic operations in India is likely to act as an opportunity in the forecast period.

Key Market Trends

Increasing Demand from the Packaging Industry

  • The demand for adhesives in the packaging industry is increasing with a higher number of end-user applications. The packaging applications that use adhesives and sealants include flexible packaging, specialty packaging, composite containers, and frozen food packaging.
  • As of 2018, the per capita packaging consumption of India is significantly low at 8.7 kg, compared to countries, such as Taiwan and Germany, where it was 19 kg and 42 kg respectively, thereby making a huge space for the packaging industry to grow, in-turn boosting adhesives and sealants market growth rate in the packaging sector.
  • India is the second largest producer of food in the world, and one of the major consumers of packaged foods and beverages. As per the Packaging Industry Association of India (PIAI), the Indian packaging industry is currently the 5th largest sector of India's economy and is having a growth rate of 22-25% per year.
  • Owing to various packaging requirements, such as light weighing products, different sizes, shelf life, and ease of recycling, the demand for packaging, especially flexible packaging, has been increasing in India. Flexible packaging has been the most suitable option for addressing these concerns and is being widely adopted for several products across different industries.

Acrylics to Dominate the Water Born Adhesives Segment

  • Water-borne acrylic adhesives are considered as an environmentally friendly and economically feasible substitute to solvent-based adhesives. The major advantage of water-borne adhesives is the absence of volatile organic compounds.
  • The properties of the acrylics include durability, color retention, quick-drying, environmentally friendly, impact resistant, etc. Acrylics are majorly used on exterior and interior surfaces, such as on frames, doors, wall surfaces, trim, etc.
  • Acrylics can be applied to areas, such as primed metals, direct to metal applications, wood, and masonry surfaces. Acrylics are also used directly to metal or as a top coat for many colors and gloss levels.
  • The application of the acrylics includes bonding wood, paper, wall panel bonding, sealing (grouts), textiles bonding, paper stamps, leather tile envelopes, labels, etc. Acrylics are used by various end-user industries, such as buildings and construction, woodworking and joinery, paper, board, packaging, etc.
  • Furthermore, acrylics are majorly used by paper, board, and packaging industries. Packaging industry dominates the demand for acrylic adhesives with numerous applications in products, such as tapes, labels, cases, and cartons.
  • Factors, such as e-commerce, online food deliveries, and innovation and development in the packaging industry has been driving the growth of the packaging industry in the region.

Competitive Landscape

The India adhesives and sealants market is consolidated, with the top four players with an approximate market share of 85.30%. The major companies include Pidilite Industries Ltd., Henkel AG & Co. KGaA, Sika AG, Arkema Group (Bostik India), and H.B. Fuller Company.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support
Table of Contents
Product Code: 50984

Table of Contents


  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study




  • 4.1 Drivers
    • 4.1.1 Increasing Demand from Packaging Industry
    • 4.1.2 Growth of Automotive Production in the Country
  • 4.2 Restraints
    • 4.2.1 Challenges in Procurement of Raw Material
  • 4.3 Industry Value-Chain Analysis
  • 4.4 Porters 5 Force Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition


  • 5.1 Adhesives - by Technology
    • 5.1.1 Water-borne
      • Acrylics
      • Polyvinyl Acetate (PVA) Emulsion
      • Ethylene Vinyl Acetate (EVA) Emulsion
      • Polyurethane Dispersions (PU)
      • Chloroprene Rubber (CR ) Latex
      • Other Water-borne Technologies
    • 5.1.2 Solvent-borne
      • Styrene-butadiene Rubber (SBR)
      • Chloroprene Rubber
      • Poly Acrylate (PA)
      • Polyurethane (PU)
      • Other Solvent-borne Technologies
    • 5.1.3 Reactive
      • Epoxy
      • Modified Acrylics and Cyanoacrylates
      • Silicone
      • Polyurethane
      • Anaerobic
      • Other Reactive Technologies
    • 5.1.4 Hot Melts
      • Ethyl Vinyl Acetate
      • Synthetic Rubbers
      • Other Hot Melts
    • 5.1.5 Other Technologies
  • 5.2 Sealants - by Product Type
    • 5.2.1 Silicone
    • 5.2.2 Polyurethane
    • 5.2.3 Plastisol
    • 5.2.4 Emulsion
    • 5.2.5 Butyl
    • 5.2.6 Polysulfide
    • 5.2.7 Silyl Modified
    • 5.2.8 Other Product Types
  • 5.3 End-user Industry
    • 5.3.1 Buildings & Construction
    • 5.3.2 Paper, Board, and Packaging
    • 5.3.3 Woodworking and Joinery
    • 5.3.4 Transportation
    • 5.3.5 Footwear and Leather
    • 5.3.6 Healthcare
    • 5.3.7 Electrical and Electronics
    • 5.3.8 Other End-user Industry


  • 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 3M
    • 6.4.2 Anabond
    • 6.4.3 Arkema
    • 6.4.4 Ashland
    • 6.4.5 Atul Ltd
    • 6.4.6 Avery Dennison Corporation
    • 6.4.7 Benson Polymers Limited
    • 6.4.8 DowDuPont
    • 6.4.9 H.B. Fuller
    • 6.4.10 Henkel AG & Co. KGaA
    • 6.4.11 Huntsman Corporation
    • 6.4.12 Jowat SE
    • 6.4.13 Jubilant Industries Ltd
    • 6.4.14 KLEBCHEMIE GmbH & Co. KG
    • 6.4.15 LORD Corporation
    • 6.4.16 MAPEI
    • 6.4.17 Metlok Private Limited
    • 6.4.18 Paramelt
    • 6.4.19 Pidilite Industries Ltd
    • 6.4.20 Sika AG
    • 6.4.21 Welbound


  • 7.1 Increasing Electronic Operations in India
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