india adhesives market forecast and opportunities, 2019
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Entry of Multinational Players and Continuing Growth in End User Industries to Boost Demand for Adhesives in India.TRANSCRIPT
M a r k e t . I n t e l l i g e n c e . E x p e r t s
India Adhesives Market Forecast & Opportunities, 2019
I n d u s t r y B r i e f
© TechSci Research
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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.
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
T a b l e o f C o n t e n t s
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© TechSci Research
1. Research Methodology
2. Analyst Brief
3. Global Adhesives Market Overview
4. Asia-Pacific Adhesives Market Overview
5. India Adhesives Market
5.1 Market Size & Forecast
5.1.1 By Volume
5.1.2. By Value
5.2 Market Share & Forecast
5.2.1. By Technology
5.2.2. By Polymer Type
5.2.3. By Application
5.2.4. By Company
5.2.5. By Region
6. India Polyvinyl Acetate Adhesives Market
6.1 Market Size & Forecast
6.1.1 By Value
6.2 Market Share & Forecast
6.2.1 By Application
6.2.2 By Company
T a b l e o f C o n t e n t s
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7. India Acrylic Adhesives Market
7.1 Market Size & Forecast
7.1.1 By Value
7.2 Market Share & Forecast
7.2.1 By Type
7.2.2 By Application
8. India Epoxy Adhesives Market
8.1 Market Size & Forecast
8.1.1 By Value
8.2 Market Share & Forecast
8.2.1 By Application
8.2.2 By Company
9. India Polyurethane Adhesives Market
9.1 Market Size & Forecast
9.1.1 By Value
9.2 Market Share & Forecast
9.2.1 By Application
T a b l e o f C o n t e n t s
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© TechSci Research
10. India Rubber-Based Adhesives Market
10.1 Market Size & Forecast
10.1.1 By Value
10.2 Market Share & Forecast
10.2.1 By Type
10.2.2 By Mode of Application
10.2.3 By Company
10.2.4 By Application
11. India Adhesives Trade Dynamics
11.1 Imports
12. India Adhesives Market Dynamics
12.1 Drivers
12.2 Challenges
13. Market Trends & Developments
13.1 Green Adhesives- An Upcoming Trend
13.2 Market Extension- Wind Power
13.3 Market Extension- Commodity Labels and Packaging
13.4 Food for Convenience
13.5 Non-Woven Technology
14. Competitive Landscape
14.1 Pidilite Industries Limited
14.2 3M India Ltd.
T a b l e o f C o n t e n t s
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14.3 Huntsman India Corporation
14.4 Anabond Ltd.
14.5 Metlok Pvt. Ltd.
14.6 Bostik India Pvt. Ltd.
14.7 Henkel Corporation
14.8 H.B. Fuller Company
14.9 Sika India Pvt. Ltd.
14.10 Atul Ltd.
15. Strategic Recommendations
16. About Us & Disclaimer
L i s t o f F i g u r e s
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© TechSci Research
• Figure 1: Global Adhesives Market Share, By Region, By Value, 2012
• Figure 2: Global Adhesives Market Share, By Region, By Volume, 2012-13
• Figure 3: APAC Adhesives Market Share, By Geography, By Volume, 2012-13
• Figure 4: India Adhesives Market Size, By Volume, Thousand Tons, 2009-19F
• Figure 5: India Manufacturing PMI, 2009-13
• Figure 6: India Adhesives Market Size, By Value, USD Million, 2009-19F
• Figure 7: India Composite Market Opportunity, 2013-19
• Figure 8: India Adhesives Market Share, By Technology, By Volume, 2013
• Figure 9: India Adhesives Market Share, By Technology, By Volume, 2019F
• Figure 10: India Water Based Adhesives Market Share, By Product Type, By Value, 2013
• Figure 11: India Adhesives Market Share, By Polymer, By Value, 2013
• Figure 12: India Adhesives Market Share, By Polymer, By Value, 2019F
• Figure 13: India Adhesives Market Share, By Application, By Volume, 2013
• Figure 14: India Adhesives Market Share, By Application, By Volume, 2019F
• Figure 15: India Furniture Industry Market Share, By Material, By Volume, 2012
• Figure 16: India Packaging Industry Growth, By Value, 2004-16F
• Figure 17: India Construction Industry Growth, By value, India (USD Billion), 2010-20F
• Figure 18: India Adhesives Market Share, By Company, By Value, 2013
L i s t o f F i g u r e s
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• Figure 19: India Adhesives Market Share, By Company, By Value, 2019F
• Figure 20: India Adhesives Market Share, By Region, By Volume, 2013
• Figure 21: India Adhesives Market Share, By Region, By Volume, 2019F
• Figure 22: India Packaging Materials Share, By Value, 2012
• Figure 23: India PVA Adhesives, Market Size, By Value (USD Million) 2009-19F
• Figure 24: India PVA adhesives Market Share, By Volume, By Application,2013
• Figure 25: Furniture Industry Growth, 2006-12, India, USD Billion
• Figure 26: India PVA Adhesives Market Share, By Volume, By Application, 2019F
• Figure 27: PVAc Adhesives Market Share, By Company, By Value, 2013
• Figure 28: India, Acrylic Adhesives, Market Size, By Value, 2009-19F (USD Million)
• Figure 29: India Cyanoacrylate adhesives Imports, Tons, 2009-13
• Figure 30: India Cyanoacrylates Importing Countries, By Value Share, 2012-13
• Figure 31: India Cyanoacrylates Importing Countries, By Volume share, 2012-13
• Figure 32: India Acrylic Adhesives Market Share, By Type, By Volume, 2013
• Figure 33: India Acrylic Adhesives Market Share, By Type, By Volume, 2019F
• Figure 34: India Acrylic Adhesive Market Share, By Application, By Volume, 2013
• Figure 35: India Acrylic Adhesive Market Share, By Application, By Volume, 2019F
• Figure 36: India, Epoxy Adhesives Market Size, By Value, 2009-19F (USD Million)
• Figure 37: India Epichlorohydrin (ECH) Imports, By Volume, Thousand MT, 2009-12
L i s t o f F i g u r e s
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• Figure 38: India ECH Import, By Country, By Volume, 2012
• Figure 39: India Bisphenol A Imports, By Volume, Tons, 2009-12
• Figure 40: Total Volume of BPA Import by country India, 2012
• Figure 41: India Production Of Epichlorohydrin (ECH), Thousand MTPA, 2005-12
• Figure 42: India Epoxy Adhesives Market Share, By Application, By Volume (2013-19F)
• Figure 43: India Epoxy Adhesive Market Share, By Company, 2013
• Figure 44: India Polyurethane Adhesive Market Size, USD Million, 2009-19F
• Figure 45: Polyurethane Application Share, India, 2005
• Figure 46: Footwear Industry Export Targets, India (USD Million)
• Figure 47: India MDI import, MT, 2009-12
• Figure 48: India TDI import, MT, 2009-12
• Figure 49: India Polyether Imports, MT
• Figure 50: India Polyester Imports, MT
• Figure 51: India, Rubber based adhesive, By Value, USD Million (2009-19F)
• Figure 52: India SBR Installed Capacity, Thousand MT, 2010-13
• Figure 53: India SBR Total Production, Thousand MT 2005-13
• Figure 54: India SBR Imports Share, By Country, By Volume
• Figure 54: India Rubber based adhesives Market Share by Type, By Volume, 2012
L i s t o f F i g u r e s
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• Figure 56: India Rubber Based Adhesive Market, By Company
• Figure 57: Rubber Based Adhesives Market Share, By Type, By Volume, 2012
• Figure 58: India Rubber Based Adhesives Market Share, By Application, By Volume
• Figure 59: India Adhesives Raw Material Trade, Imports Share, By Volume, 2012-13
• Figure 60: India Installed Wind Capacity By Region, By Capacity, 2013
• Figure 61: India, Wind Power Energy Production, MW, 2006-13
• Figure 62: Pidilite India Sales Share, By Segment, 2012-13
• Figure 63: Pidilite India Sales Figures, 2012-13
• Figure 64: 3M Company Sales and Income, INR Million, 2003-12
• Figure 65: Huntsman Sales Share, By Business Unit, 2012
• Figure 66: Anabond Highlights, 2012
• Figure 67: Bostik Global Sales Share, By Segment, 2011
• Figure 68: Bostik Global Sales Share, By Region, 2011
• Figure 69: Henkel Global Sales, By Region, 2013
• Figure 70: Henkel Global Sales, By Business Unit, 2013
• Figure 71: Henkel Global R&D Expenditure, By Business Unit, 2013
• Figure 72: H.B. Fuller, Global Revenue & Gross Profit, 2008-12, USD Million
• Figure 73: H.B. Fuller Global Sales, By Business Unit, 2013
• Figure 74: H.B. Fuller, Net Revenue Share, By Segment, 2012 & 2013
L i s t o f F i g u r e s
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• Figure 75: Sika Global Sales Share, By Region, 2013
• Figure 76: Atul Group Sales Share, By Region, 2011-12; 2012-13
• Figure 77: Atul Group Sales Share, By Import/Export, 2012
L i s t o f T a b l e s
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• Table 1: Applications Of Composites, India
• Table 2: Advantages and Disadvantages of Water Based Adhesives over Solvent Based Adhesives
• Table 3: Hot-melt Adhesives Advantages and Disadvantages
• Table 4: Adhesives Description, by polymer type
• Table 5: PVAc Adhesive Price Comparison, By Company, 2009
• Table 6: Properties of Epoxy Adhesive
• Table 7: Resinova Chemie Company Information
• Table 8: Comparison of One component and Two Component Polyurethane
• Table 9: Different types of biodegradable adhesives from natural resources
• Table 10: Non woven consumption growth with GDP, India
• Table 11: 3M Company India Financial Figures, 2010-13
• Table 12: Henkel Number of Production Sites
• Table 13: Sika AG, Net Sales, 2009-12 (USD million)
R e s e a r c h M e t h o d o l o g y
© TechSci Research
Product Definition :
TechSci Research has covered and considered adhesives to be specialty chemicals that are used to used to bind two objects or
substrates, either similar or dissimilar in nature. These adhesives are used in industrial as well as retail and commercial
applications such as do-it-yourself, woodworking, packaging, etc.
Baseline Methodology :
For the study, TechSci Research has gathered information through primary research surveys with 8 respondents from 5 producer
of adhesives followed by counter validating the information by analyzing financial reports of these companies. We also put
through exhaustive search of credible paid databases such as Hoovers, Factiva, Bloomberg etc., including our internal database.
Our team of analysts has then prudently evaluated all the collected information and personated them in chronological order to
depict a meaningful and clear picture of adhesives market in India.
While compiling the data we have also crossed checked all the collected information from multiple sources and data warehouses
for presenting the most accurate and precise information of the concerned industry.
Sources :
Company Annual Reports, Bloomberg, Factiva, UN Comtrade.
13
Companies Interviewed
Pidilite, Henkel, Sika, Bostik, Huntsman
S a m p l e D a t a - S n a p s h o t
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© TechSci Research
X%
1020
3040
5060
7080
90100
110
Figure 1: India Adhesives Market Size, By
Volume, 2009-19F (Thousand Tons)
Water Based
25%
Solvent
Based
25%
Reactive
25%
Hot-melt
25%
Figure 3: India Adhesives Market Share, By
Technology, By Volume, 2013
Pidilite
10%Henkel
10%
3M
10%
Huntsman
10%
Bostik
10%Anabond
10%
Metlok
10%
Sika India
10%
Atul
Polymers
10%
Others
10%
Figure 9: India Adhesives Market Share, By
Company, By Value, 2013
1
2
2006 2012
Figure 13: India Furniture Industry
Growth, 2006-12 (USD Billion)
Pidilite
50%
Other
50%
Figure 15: PVAc Adhesives Market Share, By
Company, By Value, 2013
100.00
200.00
300.00
400.00
2009-10 2010-11 2011-12 2012-13
Figure 17: India Cyanoacrylate
Adhesives Import, Tons, 2009-13
Huntsman
33%
Atul Polymers
33%
Others
Figure 28: India Epoxy Adhesive
Market Share, By Company, 2013
10
20
30
40
50
15
25
35
45
55
2008-09 2009-10 2010-11 2011-12 2012-13
Current Assets Current Liabilities
Figure 63: Pidilite India Sales Figures, 2012-13
SBR
50%
Neoprene
50%
Figure 33: Rubber Based Adhesives
Market Share by Type, By Volume,
2012
R e p o r t O r d e r i n g
15
© TechSci Research
Report Name: India Adhesives Market Forecast and Opportunities, 2019
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