India Flooring Adhesive Market to Grow with a CAGR of 4.84% through 2029
Surge in research and development activities is
expected to drive the India Flooring Adhesive Market growth in the forecast
period, 2025-2029.
According to TechSci Research report, “India
Flooring Adhesive Market- By Region, Competition, Forecast
and Opportunities, 2019-2029”, the India Flooring Adhesive Market stood at USD 640.78 million in 2023 and is anticipated to grow with a CAGR of 4.84% in the forecast
period, 2024-2029. Initiatives taken by government based on flooring adhesive has
led to favorable market conditions for the India Flooring Adhesive Market.
Several factors contribute to the growth of various flooring adhesive products.
The governments of Arunachal Pradesh and Tamil Nadu
have recently taken significant steps towards animal welfare by implementing a
comprehensive ban on the manufacture, sale, and use of glue traps for catching
rats and mice. This progressive initiative reflects a growing awareness of the
ethical treatment of animals and aims to protect these creatures from
unnecessary harm and suffering. By eliminating the use of these inhumane traps,
the governments are not only safeguarding the welfare of rodents but also
indirectly impacting the adhesive market. The ban curtails the usage of certain
types of adhesives that are commonly employed in glue traps, prompting the need
for alternative and more humane pest control methods.
Another noteworthy initiative poised to foster growth
in the Indian tile adhesive market is the recent duty rationalization for skill
development. Recognizing the importance of skill acquisition and its direct
correlation with adhesive production, the government has implemented
adjustments to import and export duties. By doing so, they aim to incentivize
the acquisition and development of the necessary skills required for the
production of high-quality adhesives. This forward-thinking approach not only facilitates
the growth of the adhesive industry but also enhances the overall quality of
domestically produced adhesives. As a result, these adhesives become more
competitive in the market, both in terms of their performance and their ability
to meet the evolving demands of consumers and industries alike.
The world of adhesives is a dynamic and ever-evolving
industry, constantly driven by the demand for better, more efficient, and
environmentally friendly products. Companies are investing substantial
resources into research and development activities, resulting in innovative
adhesive solutions that cater to a wide range of applications.
In the context of the flooring adhesive market, these
innovations encompass various aspects, encompassing the development of
adhesives with superior bonding strength, faster curing times, greater
flexibility, and improved resistance to heat, moisture, and chemicals. These
advancements not only enhance the performance of adhesive products but also
contribute to the overall quality and longevity of flooring installations.
Furthermore, the continuous evolution of product
offerings through ongoing research and development initiatives has led to a
broader range of choices for consumers. This expanded selection empowers
individuals to select adhesive solutions that best align with their specific
needs and requirements, ultimately enhancing customer satisfaction and driving
market growth. With each new advancement, the adhesive industry is making
significant strides towards creating a more sustainable and efficient future.
Browse over XX market data Figures spread
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The India Flooring Adhesive Market is segmented into type,
technology, application, regional distribution, and company
Based on its type, the acrylic adhesives segment held
the largest market share in the forecast period. Acrylic adhesives are widely
recognized for their exceptional properties. These include excellent resistance
to high temperatures and chemicals, high bonding strength, and remarkable
durability. Moreover, these adhesives exhibit superior adhesion to a variety of
substrates, making them highly versatile for a wide range of applications.
One key advantage of acrylic adhesives is their rapid
setting time, which enables quicker installation and minimizes downtime.
Additionally, they offer flexibility that accommodates the natural expansion
and contraction of flooring materials caused by temperature fluctuations,
ensuring the long-lasting performance and longevity of the floor.
With their impressive combination of properties,
acrylic adhesives stand out as an ideal choice for applications that demand
optimal performance, reliability, and longevity.
Based on region, West India segment is expected to
grow during the forecast period.
In the western region of India, there is a thriving
industrial landscape that encompasses a wide range of sectors, such as
automotive, textile, and chemical industries. These industries, known for their
dynamic nature and high demands, heavily rely on the use of advanced and
high-performance adhesives for various applications. As a result, the demand
for flooring adhesives in this region has witnessed a significant surge,
reflecting the need for reliable and durable solutions that can withstand the
rigorous demands of these industries.
Major companies operating in India Flooring Adhesive
Market are:
- Pidilite Industries Ltd.
- Huntsman Corporation
- MYK LATICRETE INDIA PVT.
- Bostik India Pvt. Ltd.
- Sika India Pvt. Ltd.
- ARDEX ENDURA (INDIA) PRIVATE LIMITED
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“Growing application of flooring adhesive in various
end user industries are key drivers of the flooring adhesive market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of flooring adhesive with
every passing year are anticipated to register an impressive growth to India
Flooring Adhesive Market in the forecast period.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“India Flooring Adhesive Market
By Type (Epoxy Adhesives, Polyurethane Adhesives, Acrylic Adhesives, Vinyl
Adhesives, Others), By
Technology (Water-Based, Solvent-Based, Hot Melt), By Application
(Tile & Stone, Carpet, Wood, Laminate, Others), By Region, By Competition Forecast &
Opportunities, 2019-2029”, has evaluated the future growth potential of India
Flooring Adhesive Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in India Flooring
Adhesive Market.
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