India Hot Melt Adhesives Market Size, Share & Trends Analysis Report By Product (Ethylene-Vinyl Acetate (EVA), Polyurethane (PUR), Rubber, Polyolefin), By Application, And Segment Forecasts, 2024 - 2030
India Hot Melt Adhesives Market Growth & Trends
The India hot melt adhesives market size is anticipated to reach USD 457.3 million by 2030 and is anticipated to grow at a CAGR of 10.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Advancements in hot melt adhesives (HMA) technology have rendered it a significant component across a broad spectrum of industries, including construction, where these adhesives play a pivotal role in assembly and structural integrity maintenance. Hot melt adhesives are utilized in various capacities within the construction industry. One notable application lies in the optimization of the production process. For instance, in the construction of precast concrete components, such as recesses for sockets, HMA facilitates swift and effortless fixation onto pallets, allowing for easy removal upon completion of the concrete wall assembly.
Furthermore, amid increasing emphasis on climate protection, the importance of insulation materials in both new construction and renovation projects is increasing. Thermally insulated buildings not only offer economic benefits but also enhance living comfort. Manufacturing HMAs in India involves several high-tech production techniques aimed at ensuring product quality, consistency, and efficiency. The cost incurred in setting up an HMA manufacturing facility in India can vary significantly depending on factors, such as the scale of production, technology used, labor costs, and infrastructure requirements.
India Hot Melt Adhesives Market Report Highlights
- The MPO products segment is anticipated to grow at the highest CAGR over the forecasted period. Metallocene catalysts play a pivotal role in polymerization, yielding a distinct polyolefin type characterized by precise molecular structure control and a narrow molecular weight distribution. Polyolefins, derived from olefin monomers like ethylene and propylene, exhibit unique properties owing to metallocene catalyst utilization
- The non-woven application segment is anticipated to witness the highest CAGR from 2024 to 2030. Non-woven fabrics, comprising fibrous webs interconnected through chemical additives or the amalgamation of different fiber ingredients, serve to fortify and integrate the final product. These flat textile structures, with or without a scrim cloth carrier, are composed of fibers, yarns, rovings, and similar materials
- The market is moderately consolidated, with major players like Dow, Henkel, H.B. Fuller, 3M, and Pidilite Industries dominating the market. These companies are undertaking various strategies like new product launches and collaborations/partnerships to strengthen their industry position
- In November 2023, H.B. Fuller announced the launch of its new bio-compatible adhesive portfolio in India, Africa, and Middle East for use in medical applications
- In April 2023, Avery Dennison Corp., in partnership with Dow, announced the launch of their breakthrough hot melt label adhesive for enhanced recycling of packaging products
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
- Chapter 3. India Hot Melt Adhesives Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Materials Trend
- 3.2.2. Manufacturing/Technology Trends
- 3.2.3. Sales Channel Analysis
- 3.3. Vendor Landscape
- 3.3.1. List of Raw Material Suppliers
- 3.3.2. List of Distributors/Channel Partners
- 3.3.3. List of Potential End-Users
- 3.4. Regulatory/Policy Framework
- 3.5. Price Trend Analysis, 2018 - 2030 (USD/Kg)
- 3.5.1. Factors Influencing Prices
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.6.4. Industry Opportunities
- 3.7. Industry Analysis Tools
- 3.7.1. Porter’s Five Forces Analysis
- 3.7.2. Macro-environmental Analysis
- Chapter 4. India Hot Melt Adhesives Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2030
- 4.2. India Hot Melt Adhesives Market Estimates & Forecast, By Product, 2018 to 2030 (Kilotons) (USD Million)
- 4.3. Ethylene-Vinyl Acetate (EVA)
- 4.3.1. Ethylene-Vinyl Acetate (EVA) India Hot Melt Adhesives Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Polyurethane
- 4.4.1. Polyurethane India Hot Melt Adhesives Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.5. Rubber
- 4.5.1. Rubber India Hot Melt Adhesives Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.6. Polyolefin
- 4.6.1. Polyolefin India Hot Melt Adhesives Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.7. Polyamide
- 4.7.1. Polyamide India Hot Melt Adhesives Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.8. MPO
- 4.8.1. MPO India Hot Melt Adhesives Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.9. Other Products
- 4.9.1. Other Products India Hot Melt Adhesives Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Chapter 5. India Hot Melt Adhesives Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. India Hot Melt Adhesives Market Estimates & Forecast, By Application, 2018 to 2030 (Kilotons) (USD Million)
- 5.3. Packaging
- 5.3.1. India Hot Melt Adhesives Market Estimates and Forecasts, in Packaging, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Assembly
- 5.4.1. India Hot Melt Adhesives Market Estimates and Forecasts, in Assembly, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Woodworking
- 5.5.1. India Hot Melt Adhesives Market Estimates and Forecasts, in Woodworking, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Automotive
- 5.6.1. India Hot Melt Adhesives Market Estimates and Forecasts, in Automotive, 2018 - 2030 (Kilotons) (USD Million)
- 5.7. Non-Wovens
- 5.7.1. India Hot Melt Adhesives Market Estimates and Forecasts, in Non-Wovens, 2018 - 2030 (Kilotons) (USD Million)
- 5.8. Bookbinding
- 5.8.1. India Hot Melt Adhesives Market Estimates and Forecasts, in Bookbinding, 2018 - 2030 (Kilotons) (USD Million)
- 5.9. Tape & Labels
- 5.9.1. India Hot Melt Adhesives Market Estimates and Forecasts, in Tape & Labels, 2018 - 2030 (Kilotons) (USD Million)
- 5.10. Other Applications
- 5.10.1. India Hot Melt Adhesives Market Estimates and Forecasts, in Other Applications, 2018 - 2030 (Kilotons) (USD Million)
- Chapter 6. India Hot Melt Adhesives Market - Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company Categorization
- 6.3. Company Market Share/Position Analysis, 2023
- 6.4. Company Heat Map Analysis
- 6.5. Strategy Mapping
- 6.6. Company Profiles
- 6.6.1. Texyear Industrial Adhesives Private Limited
- 6.6.1.1. Participant’s overview
- 6.6.1.2. Financial performance
- 6.6.1.3. Product benchmarking
- 6.6.1.4. Recent developments
- 6.6.2. Bostik
- 6.6.2.1. Participant’s overview
- 6.6.2.2. Financial performance
- 6.6.2.3. Product benchmarking
- 6.6.2.4. Recent developments
- 6.6.3. MARIO INDUSTRIES PRIVATE LIMITED
- 6.6.3.1. Participant’s overview
- 6.6.3.2. Financial performance
- 6.6.3.3. Product benchmarking
- 6.6.3.4. Recent developments
- 6.6.4. Om Mid West Industries
- 6.6.4.1. Participant’s overview
- 6.6.4.2. Financial performance
- 6.6.4.3. Product benchmarking
- 6.6.4.4. Recent developments
- 6.6.5. 3M
- 6.6.5.1. Participant’s overview
- 6.6.5.2. Financial performance
- 6.6.5.3. Product benchmarking
- 6.6.5.4. Recent developments
- 6.6.6. Henkel Adhesives Technologies India Private Limited
- 6.6.6.1. Participant’s overview
- 6.6.6.2. Financial performance
- 6.6.6.3. Product benchmarking
- 6.6.6.4. Recent developments
- 6.6.7. Pidilite Industries Ltd.
- 6.6.7.1. Participant’s overview
- 6.6.7.2. Financial performance
- 6.6.7.3. Product benchmarking
- 6.6.7.4. Recent developments
- 6.6.8. Paramelt B.V
- 6.6.8.1. Participant’s overview
- 6.6.8.2. Financial performance
- 6.6.8.3. Product benchmarking
- 6.6.8.4. Recent developments
- 6.6.9. Dow
- 6.6.9.1. Participant’s overview
- 6.6.9.2. Financial performance
- 6.6.9.3. Product benchmarking
- 6.6.9.4. Recent developments
- 6.6.10. H.B. Fuller India Adhesives Private Limited
- 6.6.10.1. Participant’s overview
- 6.6.10.2. Financial performance
- 6.6.10.3. Product benchmarking
- 6.6.10.4. Recent developments
- 6.6.11. MAAG
- 6.6.11.1. Participant’s overview
- 6.6.11.2. Financial performance
- 6.6.11.3. Product benchmarking
- 6.6.11.4. Recent developments
- 6.6.12. Sika India (a part of Sika AG)
- 6.6.12.1. Participant’s overview
- 6.6.12.2. Financial performance
- 6.6.12.3. Product benchmarking
- 6.6.12.4. Recent developments
- 6.6.13. Arkema
- 6.6.13.1. Participant’s overview
- 6.6.13.2. Financial performance
- 6.6.13.3. Product benchmarking
- 6.6.13.4. Recent developments
- 6.6.14. Avery Dennison Corporation
- 6.6.14.1. Participant’s overview
- 6.6.14.2. Financial performance
- 6.6.14.3. Product benchmarking
- 6.6.14.4. Recent developments
- 6.6.15. Yashbond Adhesive Company
- 6.6.15.1. Participant’s overview
- 6.6.15.2. Financial performance
- 6.6.15.3. Product benchmarking
- 6.6.15.4. Recent developments
- 6.6.16. NanPao Resins Chemical Group
- 6.6.16.1. Participant’s overview
- 6.6.16.2. Financial performance
- 6.6.16.3. Product benchmarking
- 6.6.16.4. Recent developments
- 6.6.17. Dycon Chemicals
- 6.6.17.1. Participant’s overview
- 6.6.17.2. Financial performance
- 6.6.17.3. Product benchmarking
- 6.6.17.4. Recent developments
- 6.6.18. Astra Chemtech Private Limited
- 6.6.18.1. Participant’s overview
- 6.6.18.2. Financial performance
- 6.6.18.3. Product benchmarking
- 6.6.18.4. Recent developments
- 6.6.19. Super Bond Adhesive Pvt. Ltd.
- 6.6.19.1. Participant’s overview
- 6.6.19.2. Financial performance
- 6.6.19.3. Product benchmarking
- 6.6.19.4. Recent developments
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