India Adhesives Market Expected to Reach $1.3 Billion by 2025

Adhesives are substances binding one surface to another surface. They are segmented into water-based, reactive, solvent based and holt melt adhesives by manufacturing technology. Rising disposable income and GDP, changing lifestyles and fast urbanization are boosting the growth in packaging, furniture and construction industries in India, which are the key end users of adhesives in India. Expansion in building & construction industry is also driving consumption of adhesives such as vinyl adhesives, for use in wood and ply laminates in the country. In addition, several end-use industries are selecting water-based adhesives owing to their environment friendly characteristics and absence of VOC emissions. This is expected to augur well for India adhesives market in the next few years.

India adhesives market is expected to reach $1.3 billion by 2025 due to the growing demand for adhesives in flooring applications and binding of PVC components. Moreover, the growing footwear industry and increasing production of automotive parts is fueling demand for adhesives in India. Polyurethane adhesives dominated India adhesives market because of its rising use in various end user industries such as wood, rubber and metal with its strong bonding and temperature resistant properties. Pidilite Industries Ltd., Henkel Adhesive Technologies India Pvt. Ltd., Anabond Ltd., Atul Ltd., and others are several major companies in India adhesives market.