Product Code: ETC235344 | Publication Date: Aug 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 polyurethane adhesives market import shipments experienced a significant decline, with a CAGR from 2020-2024 at -10.2%. The growth rate between 2023 and 2024 plummeted by 59.7%, indicating a substantial slowdown in market expansion over the period.
Polyurethane adhesives have gained traction in India due to their versatile bonding properties and compatibility with various substrates. These adhesives are used in industries such as automotive, construction, and electronics for their durability and resistance to environmental factors. As India manufacturing and construction sectors continue to grow, the demand for polyurethane adhesives is expected to rise. These adhesives facilitate the production of high-quality and long-lasting products, making them an integral part of India industrial landscape.
The India polyurethane adhesives market is growing due to its versatile applications in construction, automotive, and industrial sectors. Polyurethane adhesives are known for their strong and flexible bonding properties, making them suitable for various materials, including metals, plastics, and wood. The construction industry relies on polyurethane adhesives for applications such as structural bonding and sealing in buildings and infrastructure. In the automotive sector, polyurethane adhesives are used for vehicle assembly, improving structural integrity and reducing weight. The market is influenced by the need for efficient and durable bonding solutions, where polyurethane adhesives offer high-performance and versatility. Additionally, the market benefits from the growing demand for eco-friendly and low-VOC adhesive solutions, aligning with sustainability and regulatory standards.
The India polyurethane adhesives market faces obstacles due to environmental concerns, raw material costs, and competition. Polyurethane adhesives, while versatile and strong, often contain isocyanates that can pose health and safety risks, leading to stringent regulations and handling requirements. The fluctuation in prices of polyurethane raw materials, particularly polyols and isocyanates, can impact production costs and profit margins. Additionally, competition from alternative adhesive technologies, like epoxy and acrylic adhesives, challenges the market`s growth. Adapting to changing environmental regulations and safety standards is imperative for long-term success in this market.
The polyurethane adhesives market was impacted by supply chain disruptions, affecting the construction and automotive sectors, which are significant consumers of these adhesives.
In the India Polyurethane Adhesives market, major players are leading the way in providing polyurethane-based adhesive solutions for diverse applications in industries such as automotive, construction, and electronics. Key companies in this sector include Huntsman Corporation, Dow Inc., Henkel Adhesives Technologies India Pvt. Ltd, and Sika India Private Ltd. These companies offer high-quality polyurethane adhesives that facilitate strong and durable bonding in a variety of applications, supporting India industrial and technological advancement.
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 Polyurethane Adhesives Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Polyurethane Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 India Polyurethane Adhesives Market - Industry Life Cycle |
3.4 India Polyurethane Adhesives Market - Porter's Five Forces |
3.5 India Polyurethane Adhesives Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 India Polyurethane Adhesives Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 India Polyurethane Adhesives Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 India Polyurethane Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from end-user industries such as automotive, construction, and packaging |
4.2.2 Growing trend towards lightweight and high-performance materials in manufacturing processes |
4.2.3 Rising awareness about the benefits of polyurethane adhesives compared to traditional alternatives |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting production costs |
4.3.2 Stringent environmental regulations regarding VOC emissions and waste disposal |
4.3.3 Competition from other adhesive technologies like epoxy and acrylic adhesives |
5 India Polyurethane Adhesives Market Trends |
6 India Polyurethane Adhesives Market, By Types |
6.1 India Polyurethane Adhesives Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 India Polyurethane Adhesives Market Revenues & Volume, By Resin Type, 2021-2031F |
6.1.3 India Polyurethane Adhesives Market Revenues & Volume, By Thermoset, 2021-2031F |
6.1.4 India Polyurethane Adhesives Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.2 India Polyurethane Adhesives Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 India Polyurethane Adhesives Market Revenues & Volume, By Solvent-borne, 2021-2031F |
6.2.3 India Polyurethane Adhesives Market Revenues & Volume, By 100% Solids, 2021-2031F |
6.2.4 India Polyurethane Adhesives Market Revenues & Volume, By Dispersion, 2021-2031F |
6.2.5 India Polyurethane Adhesives Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Polyurethane Adhesives Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 India Polyurethane Adhesives Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.3.3 India Polyurethane Adhesives Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.4 India Polyurethane Adhesives Market Revenues & Volume, By Packaging, 2021-2031F |
6.3.5 India Polyurethane Adhesives Market Revenues & Volume, By Footwear, 2021-2031F |
6.3.6 India Polyurethane Adhesives Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.7 India Polyurethane Adhesives Market Revenues & Volume, By Furniture & Decoration, 2021-2031F |
7 India Polyurethane Adhesives Market Import-Export Trade Statistics |
7.1 India Polyurethane Adhesives Market Export to Major Countries |
7.2 India Polyurethane Adhesives Market Imports from Major Countries |
8 India Polyurethane Adhesives Market Key Performance Indicators |
8.1 Adoption rate of polyurethane adhesives in key industries |
8.2 Number of new product developments and innovations in the polyurethane adhesives market |
8.3 Percentage increase in research and development investment in polyurethane adhesive formulations |
8.4 Number of strategic partnerships and collaborations within the polyurethane adhesives industry |
8.5 Growth in demand for sustainable and eco-friendly polyurethane adhesive solutions |
9 India Polyurethane Adhesives Market - Opportunity Assessment |
9.1 India Polyurethane Adhesives Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 India Polyurethane Adhesives Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 India Polyurethane Adhesives Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 India Polyurethane Adhesives Market - Competitive Landscape |
10.1 India Polyurethane Adhesives Market Revenue Share, By Companies, 2024 |
10.2 India Polyurethane Adhesives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |