India Adhesives & Sealants Market
India Adhesives and Sealants Market
The market was valued at USD XX million in 2016 and is projected to reach USD XX million by 2022, at a CAGR of XX% during the forecast period, 2017 to 2022.
The Indian sealants market was valued at USD XX million in 2017, and is projected to reach USD XX million by 2022, growing at a CAGR of XX%, during the forecast period 2017-2022.
Adhesives and sealants are often grouped together, as they both are applied to the surfaces of materials to adhere and seal them together. They are generally available in the liquid form, which is viscous in nature, with no or little flow characteristics. Adhesives are majorly chosen for their bonding and holding power and have high tensile and shear strength. Adhesives are of two varieties, namely structural adhesives (strength is vital for the success of the assembly) and non-structural adhesives (generally have low strength, are used to bond weak substrates and for temporary fastening). However, sealants are majorly selected for their ability to resist relative movement of the substrates, to fill gaps, and to contain or exclude another material. They have less strength compared to adhesives, but are more flexible in nature.
Adhesives and sealants, owing to their ability to bind different materials together by distributing stress more efficiently across the joint, are becoming an integral part of various commercial and industrial sectors. In the India adhesives and sealants market report, we have considered the following major end-user sectors:
buildings & construction
paper, board, & packaging
woodworking and joinery
footwear & leather
electrical & electronics
This market is driven by a number of factors, such as the increasing demand from the packaging industry, growth of automotive production in the country, growing consumer focus towards interior designing, and others. However, this market faces certain drawbacks, such as the collapse of Indian exports, and others. These factors may act as a roadblock to the growth of the market.
The Indian adhesives market, based on technology, can be broadly segmented into water-borne adhesives, solvent-borne adhesives, reactive adhesives, hot melts adhesives, and others. These are again segmented according to the sub-segmentations of the technology. The Indian sealants market, based on product type, can be broadly segmented into silicone sealants, polyurethane sealants, acrylic sealants, polyvinyl acetate sealants, and others. The pressure sensitive adhesives (PSA) market has been segmented on the basis of technology, application, resin type, and mode of application. The market has also been geographically segmented into East, West, North, South, and Central regions.
Furthermore, the increasing electronics assembly operations in India, and growth of defense manufacturing in the country will offer numerous opportunities for the growth of the Indian adhesives and sealants market. Some of the major companies dominating this market for its products, services, and continuous product development are Pidilite Industries Limited, 3M, Henkel AG & Co. KGaA, H.B. Fuller, Anabond, Metlok Private Limited, Sika AG, The Dow Chemical Company, and Arkema (Bostik), among others.
Key Deliverables in the Study:
Market analysis for the India Adhesives & Sealants market, with specific assessments and competition analysis
Market definition along with the identification of factors instrumental in changing the market scenarios and prospective opportunities
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro economic factors that affect the market
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.