India Adhesives Market Top 5 Importing Countries and Market Competition (HHI) Analysis
India`s adhesives import market in 2024 continued to be dominated by top exporting countries such as China, USA, South Korea, Germany, and UAE. The market exhibited high concentration with a high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 13.93%, indicating a robust growth trajectory. Moreover, the growth rate from 2023 to 2024 was recorded at 12.58%, highlighting sustained momentum in the market. This data underscores the significance of these key exporting countries in shaping India`s adhesives import landscape.
India Adhesives Market Synopsis
The India Adhesives Market is estimated to grow at a significant growth rate over the forecast period as the sector is driven by the rising use of adhesives in tiles, flooring, as well as insulation applications. The sector’s growth in the country is also driven by the rising demand for adhesives from structural bonding applications.
According to 6Wresearch, the India Adhesives Market size is anticipated to grow at a higher growth rate during 2023-2029. The sector for adhesive in India is rising steadily and it is driven by many growth factors which include the rising demand for it from automotive and construction industries, rising packaging industry and the rising used of it from healthcare sector. These industries have been supporting the India Adhesives Market Growth. The automotive industry in the country is the major end user of adhesives. Packaging industry is another major end users of adhesives. The demand for adhesives is also rising from construction as well as healthcare sectors of the country.
The sector in the country is competitive and the competition is growing more. The sector is dominated by multinational players and there are also local manufacturers. Companies in the sector are investing in R&D activities in order to introduce innovative and new products. The sector has been attaining growth and will continue to attain more growth in the near future.
COVID-19 Impact on India Adhesives Market
The coronavirus pandemic hit many industries in the world and disrupted their growth except some. The impact of the pandemic was negative as well as positive on the India Adhesives Market Share. The pandemic disrupted the supply chain in the country and slowdown in end-user sectors also affected the sector growth in India. These two factors affected the growth of the market when the pandemic hit it.
Some of the key factors aid the market growth during the pandemic are the shift in consumer behavior, rising focus on sustainability, and accelerated adoption of virtual technologies. These factors boosted the growth of the market during the pandemic. The impact of the pandemic on this sector was mixed as it affected the market both negatively and positively.
Market by Types
On the basis of types, the Adhesives Market in India is segmented into Acrylic, Epoxy, Polyvinyl Acetate (PVA), Polyurethane (PU), Styrenic Block, Ethyl Vinyl Acetate (EVA), Silicone and Others. All these types segments are expected to rise in the market.
Market by Technology
On the basis of technology, the India Adhesives Industry is segmented into Water-Based, Solvent-Based, Hot Melt, Pressure Sensitive, Reactive and Others. All these technology segments will rise within the sector.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022.
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- India Adhesives Market Outlook
- Market Size of India Adhesives Market, 2022
- Forecast of India Adhesives Market, 2029
- Historical Data and Forecast of India Adhesives Revenues & Volume for the Period 2019 - 2029
- India Adhesives Market Trend Evolution
- India Adhesives Market Drivers and Challenges
- India Adhesives Price Trends
- India Adhesives Porter's Five Forces
- India Adhesives Industry Life Cycle
- Historical Data and Forecast of India Adhesives Market Revenues & Volume By Types for the Period 2019 - 2029
- Historical Data and Forecast of India Adhesives Market Revenues & Volume By Acrylic for the Period 2019 - 2029
- Historical Data and Forecast of India Adhesives Market Revenues & Volume By Epoxy for the Period 2019 - 2029
- Historical Data and Forecast of India Adhesives Market Revenues & Volume By Polyvinyl Acetate (PVA) for the Period 2019 - 2029
- Historical Data and Forecast of India Adhesives Market Revenues & Volume By Polyurethane (PU) for the Period 2019 - 2029
- Historical Data and Forecast of India Adhesives Market Revenues & Volume By Styrenic Block for the Period 2019 - 2029
- Historical Data and Forecast of India Adhesives Market Revenues & Volume By Ethyl Vinyl Acetate (EVA) for the Period 2019 - 2029
- Historical Data and Forecast of India Adhesives Market Revenues & Volume By Silicone & Others for the Period 2019 - 2029
- Historical Data and Forecast of India Adhesives Market Revenues & Volume By Technology for the Period 2019 - 2029
- Historical Data and Forecast of India Adhesives Market Revenues & Volume By Water-based for the Period 2019 - 2029
- Historical Data and Forecast of India Adhesives Market Revenues & Volume By Solvent-based for the Period 2019 - 2029
- Historical Data and Forecast of India Adhesives Market Revenues & Volume By Hot Melt for the Period 2019 - 2029
- Historical Data and Forecast of India Adhesives Market Revenues & Volume By Pressure Sensitive for the Period 2019 - 2029
- Historical Data and Forecast of India Adhesives Market Revenues & Volume By Reactive and Others for the Period 2019 - 2029
- India Adhesives Import Export Trade Statistics
- Market Opportunity Assessment By Types
- Market Opportunity Assessment By Technology
- India Adhesives Top Companies Market Share
- India Adhesives Competitive Benchmarking By Technical and Operational Parameters
- India Adhesives Company Profiles
- India Adhesives Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Types
- Acrylic
- Epoxy
- Polyvinyl Acetate (PVA)
- Polyurethane (PU)
- Styrenic Block,
- Ethyl Vinyl Acetate (EVA)
- Silicone & Others
By Technology
- Water-Based
- Solvent-Based
- Hot Melt
- Pressure Sensitive
- Reactive And Others
