Market Forecast 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) And Competitive Landscape
Product Code: ETC019856 | Publication Date: Jun 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Nepal Adhesives market currently, in 2023, has witnessed an HHI of 8136, Which has increased slightly as compared to the HHI of 6096 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Nepal Adhesives Market |
Forecast period | 2025-2031 |
CAGR | 8% |
Growing Sector | Construction |
The Nepal Adhesives Market report thoroughly covers the market by Types and Technology. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Nepal Adhesives Market has witnessed growth over the past years and is expected to grow significantly in the coming years. This is driven by numerous factors such as the booming construction sector, rapid urbanization, rise in e-commerce, government initiatives, and growing awareness among consumers.
According to 6Wresearch, the Nepal Adhesives Market size is expected to grow at a significant CAGR of 8% during 2025-2031.One of the major drivers of the adhesives market in Nepal is the booming construction sector. With the rapid urbanization and development of infrastructure projects, the demand for adhesives in construction activities has increased significantly. Moreover, the packaging industry is another major contributor to the growth of the adhesive market in Nepal. With the rise in e-commerce platforms and online shopping trends, there has been an increase in demand for adhesives used in packaging and labelling applications. Additionally, there is a growing awareness among consumers about using eco-friendly products. This has led to a shift towards the use of eco-friendly adhesives in various industries, such as construction and packaging.
One of the major challenges is the lack of proper infrastructure for the manufacturing and distribution of adhesives. Moreover, political instability and frequent changes in government policies also pose a challenge for businesses operating in Nepal's adhesives market.
Some of the major players operating in the Nepal adhesives market include Asian Paints Nepal Pvt Ltd, Pidilite Industries Limited, Berger Paints Nepal Pvt Ltd, Henkel Adhesive Technologies India Pvt Ltd, 3M India Limited, Bostik India Pvt Ltd, SCG International Corporation Co Ltd, Huntsman Advanced Materials (Singapore) Pte Ltd., H.B Fuller Company, and Sika AG. These players are focusing on product innovation and expansion of their product portfolios to cater to the increasing demand for adhesives in Nepal. They are also investing in research and development activities to introduce eco-friendly and sustainable adhesives.
One initiative is the implementation of favourable trade policies and regulations that encourage international companies to invest in Nepal's adhesives sector. The government has also set up special economic zones (SEZs) which offer tax incentives, subsidies, and other benefits to domestic and foreign adhesive manufacturers. They have also established research and development centres to support innovation and product development within the adhesive industry. Furthermore, the government has launched various skill development and training programs to enhance the skills of the local workforce. Moreover, with a focus on promoting sustainable and eco-friendly practices, the government has encouraged research and development of bio-based adhesives.
The Nepal adhesives market is expected to experience steady growth in the future due to factors like rapid urbanization, increasing construction activities, and growing demand for packaged goods. There is also a rising trend towards the use of eco-friendly and sustainable adhesives, which is expected to drive the market's growth. With advancements in technology and increasing investments in research and development, there will likely be more innovative and efficient adhesive products introduced in the market.
According to Ravi Bhandari, Research Head, 6Wresearch, the acrylic adhesives segment is witnessing high demand in the market due to their versatile properties such as strong bonding strength, flexibility, and resistance to temperature and moisture.
In the technology, water-based adhesives are currently dominating the market due to their eco-friendliness, low volatile organic compound (VOC) emissions, and growing awareness about environmental sustainability.
The report provides a detailed analysis of the following market segments:
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 Nepal Adhesives Market Overview |
3.1 Nepal Country Macro Economic Indicators |
3.2 Nepal Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 Nepal Adhesives Market - Industry Life Cycle |
3.4 Nepal Adhesives Market - Porter's Five Forces |
3.5 Nepal Adhesives Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Nepal Adhesives Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Nepal Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nepal Adhesives Market Trends |
6 Nepal Adhesives Market, By Types |
6.1 Nepal Adhesives Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Nepal Adhesives Market Revenues & Volume, By Types, 2021 - 2031F |
6.1.3 Nepal Adhesives Market Revenues & Volume, By Acrylic , 2021 - 2031F |
6.1.4 Nepal Adhesives Market Revenues & Volume, By Epoxy, 2021 - 2031F |
6.1.5 Nepal Adhesives Market Revenues & Volume, By Polyvinyl Acetate (PVA), 2021 - 2031F |
6.1.6 Nepal Adhesives Market Revenues & Volume, By Polyurethane (PU), 2021 - 2031F |
6.1.7 Nepal Adhesives Market Revenues & Volume, By Styrenic Block, 2021 - 2031F |
6.1.8 Nepal Adhesives Market Revenues & Volume, By Ethyl Vinyl Acetate (EVA), 2021 - 2031F |
6.2 Nepal Adhesives Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Nepal Adhesives Market Revenues & Volume, By Water-based, 2021 - 2031F |
6.2.3 Nepal Adhesives Market Revenues & Volume, By Solvent-based, 2021 - 2031F |
6.2.4 Nepal Adhesives Market Revenues & Volume, By Hot Melt, 2021 - 2031F |
6.2.5 Nepal Adhesives Market Revenues & Volume, By Pressure Sensitive, 2021 - 2031F |
6.2.6 Nepal Adhesives Market Revenues & Volume, By Reactive and Others, 2021 - 2031F |
7 Nepal Adhesives Market Import-Export Trade Statistics |
7.1 Nepal Adhesives Market Export to Major Countries |
7.2 Nepal Adhesives Market Imports from Major Countries |
8 Nepal Adhesives Market Key Performance Indicators |
9 Nepal Adhesives Market - Opportunity Assessment |
9.1 Nepal Adhesives Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Nepal Adhesives Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Nepal Adhesives Market - Competitive Landscape |
10.1 Nepal Adhesives Market Revenue Share, By Companies, 2024 |
10.2 Nepal Adhesives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |