Market Size of India Adhesives and Sealants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Adhesives in India Market Analysis
The India adhesives and sealants market is expected to be valued at more than USD 2,400 million by the end of the year, and it is expected to register an estimated CAGR of over 7% over the forecast period (2022-2027).
The country was negatively affected by the COVID-19 pandemic. The adhesives and sealants market in the country also faced a similar situation. But the market has now reached pre-pandemic levels, and it is expected to grow steadily.
- The major factors driving the market are the increasing demand from the packaging industry and the growing aerospace industry in the country.
- On the flip side, the stringent environmental regulations regarding VOC emissions are hindering the growth of the market.
- Increasing electronic operations in India and increasing demand for bio-based adhesives are expected to offer various opportunities for the growth of the market over the forecast period.
Adhesives in India Industry Segmentation
The India adhesives and sealants market is segmented by adhesive by resins, adhesives by technology, sealants by resin, and the end-user industry. On the basis of Adhesive by Resin, the market is segmented into Polyurethane, Epoxy, Acrylic, Silicone, Cyanoacrylate, VAE/EVA, and Other Resins. By Adhesives by Technology, the market is segmented into Solvent-Borne, Reactive, Hot Melt, and UV Cured Adhesives. By Sealants by Resin, the market is segmented by Polyurethane, Epoxy, Acrylic, Silicone, and Other Resins, and by End-User Industries, the market is segmented into Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery, and Other End-user Industries. The report offers the market sizes and forecasts in revenue (USD million) and in volume (kilotons) for all the above segments. The report offers the market sizes and forecasts in terms of revenue (USD million) and volume (kilotons) for all the above segments.
| Adhesives by Resin | |
| Polyurethane | |
| Epoxy | |
| Acrylic | |
| Silicone | |
| Cyanoacrylate | |
| VAE/EVA | |
| Other Resins |
| Adhesives by Technology | |
| Solvent-borne | |
| Reactive | |
| Hot Melt | |
| UV Cured Adhesives |
| Sealants by Resin | |
| Polyurethane | |
| Epoxy | |
| Acrylic | |
| Silicone | |
| Other Resins |
| End-user Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Packaging | |
| Woodworking And Joinery | |
| Other End-user Industries |
India Adhesives and Sealants Market Size Summary
The adhesives and sealants market in India is poised for steady growth, driven by increasing demand from the packaging and aerospace industries. The market has rebounded to pre-pandemic levels and is expected to continue expanding, supported by the burgeoning aerospace sector due to heightened activity in civil aviation and defense. The packaging industry, a significant contributor to the economy, is experiencing rapid growth, fueled by the rising need for product safety and longevity, particularly in sectors like food and pharmaceuticals. Despite challenges posed by stringent environmental regulations on VOC emissions, opportunities are emerging from the growing electronic operations and the demand for bio-based adhesives.
The market landscape is highly competitive, with a few major players dominating the revenue share. Pidilite Industries Limited leads the market, followed by other significant companies such as Henkel Adhesives Technologies India Private Limited, Sika AG, Arkema Group, and H.B. Fuller Company. Recent strategic moves, such as Pidilite's acquisition of Huntsman Group's Indian subsidiary and Azelis's expansion in India, highlight the dynamic nature of the market. These developments are expected to enhance product portfolios and geographical presence, further driving the growth of the adhesives and sealants sector in India over the forecast period.
India Adhesives and Sealants Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rising Demand from the Residential Construction Industry
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1.1.2 Growing Usage in the Packaging Industry
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1.2 Restraints
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1.2.1 Stringent Environmental Regulations Regarding VOC Emissions
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Regulations
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2. MARKET SEGMENTATION (Market Size in Value and Volume)
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2.1 Adhesives by Resin
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2.1.1 Polyurethane
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2.1.2 Epoxy
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2.1.3 Acrylic
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2.1.4 Silicone
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2.1.5 Cyanoacrylate
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2.1.6 VAE/EVA
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2.1.7 Other Resins
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2.2 Adhesives by Technology
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2.2.1 Solvent-borne
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2.2.2 Reactive
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2.2.3 Hot Melt
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2.2.4 UV Cured Adhesives
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2.3 Sealants by Resin
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2.3.1 Polyurethane
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2.3.2 Epoxy
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2.3.3 Acrylic
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2.3.4 Silicone
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2.3.5 Other Resins
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2.4 End-user Industry
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2.4.1 Aerospace
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2.4.2 Automotive
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2.4.3 Building and Construction
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2.4.4 Footwear and Leather
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2.4.5 Healthcare
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2.4.6 Packaging
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2.4.7 Woodworking And Joinery
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2.4.8 Other End-user Industries
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India Adhesives and Sealants Market Size FAQs
What is the current India Adhesives and Sealants Market size?
The India Adhesives and Sealants Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in India Adhesives and Sealants Market?
Pidilite Industries Limited, H.B. Fuller Company, Arkema Group, Sika AG and Henkel Adhesives Technologies India Private Limited are the major companies operating in the India Adhesives and Sealants Market.
