Adhesives are the most adaptable bonding agents available in the market, which remained unaffected by the recent global slowdown due to their application in a wide variety of enduser industries. The major allied industries for adhesives include packaging, woodworking and construction industry. In India, anticipated growth in these industries is expected to drive the demand for adhesives during 2013-19. The recent trends have shown a shift from solvent based adhesives to water based adhesives, primarily due to increasing environmental awareness among consumers. Though India does not have the volatile organic compound (VOC) emission regulation in place, such regulations are expected to be implemented in coming years. Hence, water based adhesives, with acrylic polymer type base, are expected to grow at a very high rate over the next five years.
The combined CAGR of multinational as well as domestic players operating in the country’s adhesives market is projected to be around 6% during 2014-19, as concluded by the report “India Adhesives Market Forecast & Opportunities, 2019”. India is an attractive market for adhesives as the per capita consumption is low as compared to developed nations, thereby offering huge growth potential over the next decade. Usage of adhesives in the country is witnessing an increase in composites, wind energy, non-woven techniques, commodity and labels, etc. Moreover, the market is witnessing increase in adhesive applications, R&D operations andnew players entering the market. As a result, the adhesives market size is expected to grow, both in volume as well as value terms. In addition, product innovation is increasingly becoming vital in Indian adhesives industry due to its fragmented structure and stiff market competition. “India Adhesives Market Forecast & Opportunities, 2019” report discusses the following aspects related to adhesives market globally.
Why You Should Buy This Report?
- India Adhesives Market Size, Share & Forecast
- Segmental Analysis - PVA, Acrylic, PUR, Rubber based adhesives
- Regional & End User Industry Analysis
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
- To gain an in-depth understanding of adhesives market in India
- To identify the on-going trends and anticipated growth in the next five years
- To help industry consultants, adhesive manufacturers and other stakeholders to align their market-centric strategies
- To obtain research based business decisions and add weight to presentations and marketing materials
- To gain competitive knowledge of leading players
Report Methodology The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with adhesive manufacturers/ suppliers/distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
- To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs.