India Adhesives and Sealants News

Recent industry report about India Adhesives and Sealants company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ India Adhesives and Sealants Market industry experts.

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India Adhesives and Sealants News

  • In Nov 2020, Pidilite Industries acquired Huntsman Group's Indian subsidiary for Rupee 2,100 crore. This increased the product portfolio of the company in the adhesives and sealants market.
  • In May 2022, Azelis expanded its geographical presence in India with the acquisition of Chemo India and Unipharm Laboratories, a research wing for coatings, adhesives, sealants,
    elastomers (CASE) segment.
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  • April 2023: Avery Dennison and Dow collaborated to develop an innovative and sustainable new hot melt label adhesive solution. This enables polyolefin film labels and polypropylene (PP) or polyethylene (PE) packaging to be mechanically recycled together in one stream. It is based on AFFINITY™ GA Polymers from Dow and sold by Avery Dennison under the name CF3050 in the Europe, Middle East, and North Africa (EMENA) region.
  • June 2022: Henkel expanded its hot melt adhesives manufacturing facilities by opening a plant in Nuevo Leon, Mexico.
  • In April 2022, Parson Adhesives India Pvt. Ltd (a business unit of Parson Adhesives, Inc, United States) has planned a manufacturing facility at Vadodara, Gujarat, India, and expand business by 200% in 2022. The planned manufacturing facility is built to meet the increasing demand for adhesives for applications in automotive, renewable energy, oil and gas, electronics, machine manufacturers, and other sectors.
  • In March 2021, Krylex (Chemence) opened a new 30,000 sq. ft. R&D facility, the Chemence Center of Excellence in Alpharetta, Georgia, the United States, for synthesizing new materials and formulating new adhesives. The center provides tools and an environment for innovating new and quality products to the market.
  • In February 2022, Element Six UK Ltd collaborated with II-VI Inc. Through this collaboration, II-VI licenses Element Six's intellectual property and necessary equipment would produce high-quality single-crystal diamonds to expand its core competency in diamond technology.
  • In July 2021, Element Six UK LTD and the University of Warwick entered a partnership to develop the next generation of synthetic diamond-enabled technologies. Under this partnership, Element Six applied its renowned expertise and capabilities in advanced material solutions.
  • March 2023: Universal Matter UK Limited, a wholly-owned subsidiary of Universal Matter Inc., announced the acquisition of Applied Graphene Materials UK Limited and Applied Graphene Materials LLC, the principal operating subsidiaries of Applied Graphene Materials PLC. Through the acquisition, the company has strengthened its market presence.
  • February 2023: Global Graphene Group announced that Honeycomb Battery Company, an advanced battery technology subsidiary of Global Graphene Group Inc., signed a business combination agreement with Nubia Brand International Corp. to develop battery materials. Honeycomb Battery Company is expected to use graphene produced by the Global Graphene Group.
  • August 2022: Universal Matter entered a three-year collaborative innovation agreement with the ChemQuest Technology Institute. Through the agreement, the company has strengthened its growth and validation of Universal Matter’s graphene technology based on sustainable feedstocks.
  • Jan 2024: Shell plc's subsidiary, Shell Lubricants, completes the acquisition of the United Kingdom-based MIDEL and MIVOLT from Manchester-based M&I Materials Ltd. It is to manufacture, distribute, and market the MIDEL and MIVOLT product lines as part of Shell’s global lubricants portfolio.
  • Oct 2023: Hindustan Petroleum Corporation Limited (HPCL) and Chevron Brands International LLC, a subsidiary of Chevron Corporation, entered into a long-term agreement encompassing the licensing, production, distribution, and marketing of Chevron’s lubricant products under the Caltex brand. It includes Chevron’s proprietary Havoline and Delo branded lubricant products in India.
  • Sep 2023: ENSO Oils & Lubricants partnered with Gazpromneft-Lubricants, a subsidiary of Gazprom Neft PJSC, to expand the distribution of lubricant assets in South Asia. ENSO will import and distribute Gazpromneft-Lubricants' range of oils and lubricants to meet the needs of various industries in India.
  • April 2024: Axalta Building Products, a division of the globally renowned Axalta Coating Systems, unveiled its innovative Zenamel range of wood coating solutions tailored for cabinet manufacturers. With this launch, Axalta Building Products seeks to empower its wood finishing industry clients to create top-tier, sustainable, eco-friendly products that align with tightening regulatory standards and evolving consumer preferences.
  • April 2023: Benjamin Moore & Co. unveiled Element Guard, a new exterior paint tailored for diverse substrates, wood included. With the launch of Element Guard, Benjamin Moore & Co. seeks to empower painting professionals, ensuring its exterior projects endure the elements and satisfy client expectations.
  • January 2023: Asian Paints planned to invest in a new manufacturing facility dedicated to water-borne paints, boasting an annual capacity of 4 lakh kl. This facility will also produce water-borne wood coatings, with operations slated to begin in 2026. Through this expansion, Asian Paints seeks to bolster its production capacity, aligning with the projected surge in demand for water-borne wood coatings in India.
  • December 2022: Sherwin-Williams Company announced the successful completion of its acquisition of the ICA Group. By acquiring the ICA Group, Sherwin-Williams aimed to create a more diversified and competitive wood coatings company with a stronger presence in the European market and a broader range of products and technologies to offer its customers.
  • July 2024: AMSOIL acquired Aerospace Lubricants, an Ohio-based firm renowned for its specialized grease design and manufacturing. This acquisition is set to bolster operational capabilities and capacities. With Aerospace's operational prowess and grease specialization, both Aerospace and AMSOIL customers stand to gain substantial added value.
  • May 2024: FUCHS Group officially opened its High-Performance Grease Plant (HPGP) in Yingkou, China. The HPGP underscores FUCHS Group's strong dedication to both the Chinese and broader Asia-Pacific markets. It aims to cater to the surging demand for grease products in the region, even in the face of global economic challenges. The plant boasts the capability to produce a comprehensive range of soap-based grease products, catering to diverse sectors such as new energy vehicles, wind power, semiconductors, aerospace, and robotics.
  • June 2023: FUCHS Lubricants Co. launched RENOLIT CSX AWE 0, a calcium sulfonate complex grease tailored for truck trailer axle hubs. Formulated with sustainable, lithium-free technology, this grease provides OEMs and fleets with a stable, long-term solution at a consistent price point. In addition, RENOLIT CSX AWE 0 ensures seamless integration, being compatible with legacy axle-bearing greases for straightforward replacement.
  • March 2022: Axel Christiernsson International AB launched AXELLENCE 752 EPEF, an environmentally acceptable lubricant that received EU Ecolabel approval for accidental and partial loss applications. This is the first lithium complex grease to attain such certification.
  • June 2024: Azelis, a prominent player in the specialty chemicals and food ingredients sector, signed a distribution deal with BASF Corporation. Under this agreement, Azelis will distribute a variety of BASF products, including emulsifiers, ,edium-chain triglyceride (MCT), phytosterol ester, and conjugated linoleic acid (CLA). These products find common applications in bakery items, beverages, and nutritional enhancements for both the retail and food service sectors.
  • February 2022: IOI Oleo, the parent company of IOI Oleo GmbH, partnered with DKSH. DKSH will provide business development, marketing, sales, logistics, and distribution services for IOI Oleo's oleochemical specialties in Australia, New Zealand, the Philippines, Taiwan, South Korea, and Vietnam.
  • May 2024: IHI Hauzer Techno Coating BV and IHI Ionbond, both subsidiaries of IHI Corporation, partnered to offer a total solution for PVD coating development, coating services, and equipment for PEMFC (proton-exchange membrane fuel cells) and PEMWE (proton exchange membrane water electrolysis).
  • March 2024: PPG Industries Inc. announced the launch of the PPG Nexeon 810 coating. This copper-free antifouling solution prioritizes vessel performance, emissions reduction, and sustainability. Thanks to their superior fouling control capabilities, vessels can experience an immediate power boost of up to 10% and a 15% enhancement in operational efficiency.
  • April 2022: PPG Industries Inc. acquired Arsonsisi, an industrial coatings company based in Milan, Italy. This acquisition is expected to help the company enhance its business for low-friction coatings and maximize its reach throughout Europe.
  • February 2022: Curtiss-Wright Surface Technologies partnered with BioCote to expand its fluoropolymer coating product range and create Fluregiene 200, an antimicrobial coating ideal for many surfaces and environments, including those applicable to a wide range of parts and components such as door handles, elevator buttons, airport seating, and gym equipment.
  • June 2023: ExxonMobil invested approximately USD 264 million in new projects in Baton Rouge area facilities. Under these projects, the company included a new production unit to produce high-grade isopropyl alcohol for microchip manufacturing and a new resin production facility at ExxonMobil’s Port Allen lubricants plant. The project investment decision is expected to be finalized in the first half of 2024.

Adhesive Companies in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)