Press Release

Henkel Leading India Polyurethane Adhesives and Sealants Market in 2016

According to TechSci Research report, India Polyurethane Adhesives & Sealants Market By Technology, By Application, Competition Forecast and Opportunities, 2012 - 2022’’, India Polyurethane (PU) Adhesives and Sealants market is forecast to surpass USD330 million by 2022, owing to continuing growth in the country’s construction and automotive industries. PU adhesives and sealants are widely used in construction sector for bonding construction material.  Moreover, as an effort towards environment conservation, demand for renewable material is constantly rising in India polyurethane market. Also, the concept of green buildings is gaining popularity across the country, thereby fueling demand for polyurethane adhesives and sealants.

Browse 20 data Tables and 94 Figures spread through 118 Pages and an in-depth TOC on "India Polyurethane Adhesives & Sealants Market

On the basis technology, polyurethane adhesives market is segmented into four categories, namely - water based, solvent based, hot melt and reactive technology. In 2016, water based technology dominated India polyurethane adhesives market, and the segment is expected to dominate during the forecast period as well. Water based PU adhesives generated no volatile organic compounds and are environment friendly compared to other technologies. However, PU adhesives based on hot melt technology are expected to grow at the fastest pace owing to their superior manufacturing flexibility and optimal hold. Polyurethane sealants are classified into two types: 1 component and 2 component polyurethane sealants. 1 component PU sealants grab a dominant share in India PU sealants market on the back of their wide usage in the building construction and automotive industries whereas, 2 component PU sealants majorly find application in general industrial end use industry.

West region of India accounted for the largest share in India polyurethane adhesives and sealants market in 2016, supported by the strong industrial growth and increasing number of construction and infrastructure development projects in the region. Additionally, the presence of a large number of furniture, footwear, packaging, electrical & electronics manufacturers in the region is anticipated to further increase the usage of PU adhesives and sealants products in the coming years. Moreover, major states such as Maharashtra and Gujarat have been increasingly focusing on industrial development, which is further expected to fuel growth in India PU adhesives and sealants market over the course of next five years.

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With constantly rising construction sector in India, including the green building initiatives, demand for PU adhesives and sealants has been witnessing a significant rise. Moreover, automotive industry, which extensively uses PU adhesives and sealants, is also undergoing rapid development, with increasing inclination towards electric vehicles and vehicles with light weight body. All these factors, coupled with growing demand from packaging and medical industries is expected to augment consumption of PU adhesives and sealants in India over the course of next five years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Polyurethane Adhesives & Sealants Market By Technology, By Application, Competition Forecast and Opportunities, 2012 - 2022” has evaluated the future growth potential of polyurethane adhesives & sealants market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India polyurethane adhesives and sealants market.

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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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