Product Code: ETC233424 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India adhesive resin market import shipments experienced robust growth with a CAGR of 16.1% from 2020 to 2024. The growth rate between 2023 and 2024 slightly moderated to 9.7%, indicating a sustained expansion trend with a stable momentum in the market.
The India adhesive resin market is a significant segment within the country`s adhesives and sealants industry. Adhesive resins are used in various applications, including bonding and sealing materials in construction, automotive, packaging, and woodworking. The market is driven by factors such as the growth of end-use industries, increasing demand for flexible and durable adhesives, and the rise of eco-friendly and sustainable adhesive solutions. The market includes domestic and international manufacturers offering a range of adhesive resins tailored to meet the specific requirements of different applications. Manufacturers focus on product performance, versatility, and environmental compliance to cater to the diverse adhesive needs of industries in India.
The India adhesive resin market is influenced by several key drivers. Firstly, the growing use of adhesive resins in diverse industries, including automotive, construction, packaging, and textiles, drives the market`s expansion. Adhesive resins offer strong bonding capabilities and are used in various applications, such as laminating, bonding, and coating. Secondly, the trend of lightweight and high-performance materials in manufacturing and construction has led to the adoption of adhesive resins for advanced bonding solutions. The development of infrastructure and the rising demand for consumer goods and packaged products also contribute to the market`s growth. Additionally, the increasing use of adhesive resins in the packaging industry for sustainable and eco-friendly packaging solutions further drives the market`s expansion.
The India adhesive resin market faces challenges due to the availability of a wide range of adhesive options in the market. The need for constant innovation and development of high-performance adhesive resins to cater to diverse industry needs poses a challenge for manufacturers. Ensuring environmental compliance and sustainability of adhesive resins is another challenge for the industry.
The India adhesive resin market experienced fluctuations in demand during the pandemic. With disruptions in construction and manufacturing, the demand for adhesive resins reduced temporarily. However, as industrial activities resume, the market is showing signs of recovery.
The India adhesive resin market is served by chemical manufacturers offering a wide range of adhesive resins for industrial applications. Some prominent players include Henkel Adhesives Technologies India Pvt. Ltd., 3M India Limited, BASF India Ltd., and Ashland India Private Limited. These companies provide adhesive resins for bonding applications in sectors such as automotive, construction, and packaging. Their expertise in adhesive technology and customer-focused solutions have established them as key players in the adhesive resin market in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Adhesive Resin Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Adhesive Resin Market Revenues & Volume, 2021 & 2031F |
3.3 India Adhesive Resin Market - Industry Life Cycle |
3.4 India Adhesive Resin Market - Porter's Five Forces |
3.5 India Adhesive Resin Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 India Adhesive Resin Market Revenues & Volume Share, By Formulating Technology, 2021 & 2031F |
3.7 India Adhesive Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Adhesive Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for adhesive resins in industries such as automotive, construction, packaging, and electronics. |
4.2.2 Growth in infrastructure development and construction activities in India. |
4.2.3 Technological advancements leading to the development of innovative adhesive resin products. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs. |
4.3.2 Stringent environmental regulations and concerns regarding the use of certain types of adhesive resins. |
4.3.3 Intense competition from alternative bonding technologies. |
5 India Adhesive Resin Market Trends |
6 India Adhesive Resin Market, By Types |
6.1 India Adhesive Resin Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 India Adhesive Resin Market Revenues & Volume, By Resin Type, 2021-2031F |
6.1.3 India Adhesive Resin Market Revenues & Volume, By Polyacrylic Ester, 2021-2031F |
6.1.4 India Adhesive Resin Market Revenues & Volume, By Polyvinyl Acetate, 2021-2031F |
6.1.5 India Adhesive Resin Market Revenues & Volume, By Vinyl Acetate Ethylene, 2021-2031F |
6.1.6 India Adhesive Resin Market Revenues & Volume, By Synthetic Rubber, 2021-2031F |
6.1.7 India Adhesive Resin Market Revenues & Volume, By Polyamide, 2021-2031F |
6.1.8 India Adhesive Resin Market Revenues & Volume, By Ethylene Vinyl Acetate, 2021-2031F |
6.1.9 India Adhesive Resin Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 India Adhesive Resin Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Adhesive Resin Market, By Formulating Technology |
6.2.1 Overview and Analysis |
6.2.2 India Adhesive Resin Market Revenues & Volume, By Water-based, 2021-2031F |
6.2.3 India Adhesive Resin Market Revenues & Volume, By Solvent-based, 2021-2031F |
6.2.4 India Adhesive Resin Market Revenues & Volume, By Hot Melt, 2021-2031F |
6.2.5 India Adhesive Resin Market Revenues & Volume, By Reactive & Others, 2021-2031F |
6.3 India Adhesive Resin Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Adhesive Resin Market Revenues & Volume, By Paper & Packaging, 2021-2031F |
6.3.3 India Adhesive Resin Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.4 India Adhesive Resin Market Revenues & Volume, By Wood-working, 2021-2031F |
6.3.5 India Adhesive Resin Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.6 India Adhesive Resin Market Revenues & Volume, By Consumer/diy, 2021-2031F |
6.3.7 India Adhesive Resin Market Revenues & Volume, By Leather & Footwear, 2021-2031F |
7 India Adhesive Resin Market Import-Export Trade Statistics |
7.1 India Adhesive Resin Market Export to Major Countries |
7.2 India Adhesive Resin Market Imports from Major Countries |
8 India Adhesive Resin Market Key Performance Indicators |
8.1 Research and Development Investment in new adhesive resin formulations. |
8.2 Adoption rate of eco-friendly adhesive resin products. |
8.3 Number of collaborations and partnerships for product development in the adhesive resin market. |
8.4 Percentage of revenue generated from high-growth industries such as automotive and electronics. |
9 India Adhesive Resin Market - Opportunity Assessment |
9.1 India Adhesive Resin Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 India Adhesive Resin Market Opportunity Assessment, By Formulating Technology, 2021 & 2031F |
9.3 India Adhesive Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Adhesive Resin Market - Competitive Landscape |
10.1 India Adhesive Resin Market Revenue Share, By Companies, 2024 |
10.2 India Adhesive Resin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |