India Spray Adhesive Market to Grow with a CAGR of 4.73% through 2029
Growing demand of spray adhesive in textile industry is
expected to drive the India Spray Adhesive Market growth in the forecast
period, 2025-2029.
According to TechSci Research report, “India Spray
Adhesive Market- By Region, Competition, Forecast and Opportunities,
2019-2029”, the India Spray Adhesive Market stood at USD225.82 million in 2023
and is anticipated to grow with a CAGR of 4.73% in the forecast period, 2024-2029.
Initiatives taken by government based on spray adhesive has led to favorable
market conditions for the India Spray Adhesive Market. Several factors
contribute to the growth of various spray adhesive products.
In addition to facilitating collaborations between
Indian and international adhesive companies, the government has taken steps to
promote research and development in the spray adhesive market. Through
partnerships like the one between Pidilite, a leading Indian adhesive company,
and the US-based WD-40 Company, there is an exchange of technical know-how and
innovative ideas that drive the industry forward.
While the Indian government's regulations do not
specifically target the spray adhesive market, they have implemented stringent
measures to ensure product safety and consumer protection. These regulations
not only safeguard consumers but also contribute to the overall growth and
sustainability of the sector. By enforcing safety standards and monitoring the
compliance of spray adhesives, the government plays a vital role in maintaining
the integrity of the market.
Although there have been no recent cases of spray
adhesive bans in India, it is worth noting that certain countries, like the US,
have imposed restrictions on aerosol spray adhesives due to concerns over their
chemical formulations. This sets a precedent that could potentially influence
future regulations in India, highlighting the importance of staying abreast of
global trends and best practices in the industry.
India's textile industry, renowned as one of the
oldest and largest sectors in the country, has been experiencing a remarkable
surge in the utilization of spray adhesives. These adhesives have found their
application in various stages of textile manufacturing, encompassing everything
from cloth production to apparel design. This popularity can be attributed to
their exceptional bonding strength, durability, and versatility, allowing for
seamless integration into diverse textile processes.
Spray adhesives are extensively employed in crucial
operations such as hemming, basting, and positioning appliqués, offering a
quick and efficient solution that significantly enhances productivity and
streamlines production timelines. As a result, they have become an
indispensable tool for textile manufacturers, driving an unprecedented demand
for these adhesives in the market. With their ability to deliver reliable and
consistent results, spray adhesives are revolutionizing the way textiles are
manufactured, leading to increased efficiency and overall excellence in the
industry.
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The India Spray Adhesive Market is segmented into chemistry,
type, end user, regional distribution, and company
Based on its chemistry, the epoxy segment held the
largest market share in the forecast period. The spray adhesives market is
currently witnessing a surge of innovative and technologically advanced
products, leading to the growing dominance of epoxy adhesives. Manufacturers
are actively investing in extensive research and development to further enhance
the properties of epoxy adhesives. These advancements aim to make epoxy
adhesives more efficient, durable, and versatile, enabling their suitability
for an even wider range of applications across various industries. This
continuous improvement in epoxy adhesive technology is revolutionizing the
adhesive industry, offering users superior performance and adhesive solutions
for their specific needs.
Based on region, West India segment is expected to
grow during the forecast period.
The dominance of West India in the spray
adhesive market is further strengthened by the presence of prominent market
players. Notably, companies like 3M and Arkema Group have established a
significant foothold in this region, leveraging their expertise and resources
to drive innovation in environmentally friendly and high-performing spray
adhesives. These companies are known for their substantial investments in
research and development, constantly pushing the boundaries of adhesive
technology. Their unwavering commitment to excellence and continuous
improvement not only benefits their own business but also fuels the overall
growth of the spray adhesive market in West India. With their strong presence
and industry leadership, these market players serve as catalysts for
advancements in adhesive solutions and contribute to the region's reputation as
a hub of adhesive innovation.
Major companies operating in India Spray Adhesive
Market are:
- Henkel Adhesives Technologies India Pvt Ltd
- 3M India Limited
- H.B. Fuller India Adhesives Pvt. Ltd
- Avery Dennison India Pvt. Ltd.
- BASF SE
- Bostik India Private Limited
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“Growing application of spray adhesive in various end
user industries are key drivers of the spray adhesive market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of spray adhesive with
every passing year are anticipated to register an impressive growth to India
Spray Adhesive Market in the forecast period.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“India Spray Adhesive Market By
Chemistry (Epoxy, Polyurethane, Synthetic Rubber, Vinyl Acetate Ethylene,
Others), By
Type (Solvent-Based, Water-Based, Hot Melt), By End User
(Transportation, Construction, Furniture, Packaging, Textile, Others), By Region, By Competition Forecast &
Opportunities, 2019-2029”, has evaluated the future growth potential of India
Spray 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 Spray Adhesive Market.
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