India Contact Adhesive Market to Grow with a CAGR of 4.26% through 2030
Rising Automotive Production is expected to drive the India Contact
Adhesive Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “India Contact
Adhesive Market - By Region, Competition, Forecast and Opportunities,
2020-2030F”, the India Contact Adhesive Market was valued at USD 390.13 Million n in
2024 and is anticipated to grow with a CAGR of 4.26% through 2030. The automotive industry relies significantly on adhesives for assembling
various components, such as interior trim, dashboards, panels, and underbody
parts. As vehicle production rises, the need for effective bonding solutions
also increases. Manufacturers are increasingly aiming to create lighter
vehicles to enhance fuel efficiency, which requires high-performance adhesives
that can securely bond lightweight materials without compromising structural
integrity.
The sector is evolving with new materials and designs
that demand advanced adhesive technologies. Innovations, including
multi-purpose adhesives and those tailored for thermal and chemical resistance,
are becoming more prominent. For example, in February 2024, Blackbuck EV, a
Hyderabad-based startup focused on lightweight electric bus platforms,
collaborated with Sika Automotive, a provider of bonding solutions, to enhance
the design of lightweight vehicle structures. Blackbuck EV recently launched
the ELON 3X model, which incorporates materials like composites, aluminum, and
stainless steel, necessitating advanced adhesive solutions.
As the automotive market grows, so does the
aftermarket for repairs and modifications, where adhesives are vital for
upholstery, accessory installations, and repairs, further driving demand.
Government initiatives such as Make in India are promoting local manufacturing
and investment, which boosts production capacities and, consequently, the need
for adhesives. With a rising middle class and increasing disposable incomes,
consumers are more likely to purchase vehicles, contributing to the overall
growth of the automotive sector and, in turn, the adhesive market.
Additionally, as automakers prioritize sustainability,
there is an increasing demand for eco-friendly adhesives that meet regulatory
standards and consumer expectations, influencing market dynamics. Overall, the
growth in automotive production creates strong demand for contact adhesives,
offering significant opportunities for manufacturers in this industry.
Browse over XX market data Figures spread
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The India Contact Adhesive Market is segmented into type,
technology, end user, regional distribution, and company.
Based on the technology, the Solvent
Based emerged as the dominating segment in the Indian market for Contact
Adhesive in 2024. Solvent-based adhesives are recognized for their
superior bonding strength, making them suitable for various materials such as
wood, metal, plastics, and rubber. This capability is critical for applications
where durability and reliability are essential. They generally cure more
quickly than water-based alternatives, enabling manufacturers to optimize their
production processes and reduce turnaround times, particularly in sectors like
automotive and construction, where efficiency is vital.
These adhesives find applications across multiple
industries, including automotive, construction, textiles, and consumer goods,
due to their effectiveness in bonding diverse substrates. Their high resistance
to moisture, heat, and chemicals makes them ideal for outdoor use and
environments exposed to harsh conditions, which is especially important in
construction and automotive applications.
Many manufacturers have relied on solvent-based
adhesives for years, establishing a strong market presence and consumer
confidence. Established brands have cultivated loyalty around these products,
reinforcing their market dominance. Additionally, solvent-based adhesives are
widely available through various distributors and suppliers, ensuring easy
access for manufacturers. While there is an increasing interest in eco-friendly
alternatives, the distinct advantages of solvent-based adhesives ensure they
remain a preferred option for many industries.
Based on the region, the North India emerged as the
fastest growing region in the Indian Contact Adhesive market during the
forecast period. Major cities such as Delhi, Gurgaon, Noida, and Chandigarh are
undergoing rapid urbanization, resulting in increased demand for both
residential and commercial properties. This surge directly boosts the need for
construction materials, including adhesives. The northern region hosts
significant automotive manufacturing facilities, particularly in Haryana and
Punjab, where the sector heavily relies on contact adhesives for component
assembly, driving substantial adhesive demand.
Government initiatives like the Smart Cities Mission
and various infrastructure projects are promoting growth in construction and
related industries. The region's diverse industrial base leads to a wide range
of applications for contact adhesives, further enhancing market demand across
multiple sectors. Additionally, a growing middle class with rising disposable
incomes is fueling consumer spending on home improvements, furniture, and
vehicles, all of which require adhesives. Consumers are increasingly
prioritizing high-quality products, which intensifies the demand for effective
bonding solutions.
The presence of research institutions and universities
in the north fosters innovation in adhesive formulations and technologies,
facilitating the development of advanced adhesives that meet changing market
needs. The region also benefits from robust logistics and transportation
networks, ensuring efficient distribution of adhesive products nationwide. Its
proximity to major consumer markets enhances accessibility for manufacturers,
reducing lead times and costs. As the northern region continues to adapt to
evolving industry dynamics and consumer preferences, significant opportunities
are expected to arise for manufacturers and suppliers.
Major companies operating in India Contact Adhesive Market
are:
- Pidilite
Industries Limited
- Parson
Adhesives India Private Limited
- H.B.
Fuller India Adhesives Pvt. Ltd.
- Sika
India Pvt Ltd.
- Henkel
Adhesives Technologies India Pvt. Ltd.
- Sonal
Adhesives Limited
- Benson
Polymers Limited
- Astral
Limited
- Ester
Chemical Industries Pvt. Ltd.
- Metlok
Private Limited
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“As urbanization accelerates, the demand for quality
furniture and home decor is rising, generating a robust market for dependable
contact adhesives. Manufacturers that prioritize high-performance and
eco-friendly solutions are ideally positioned to address consumer demands and
comply with regulatory standards. The move towards sustainable materials
presents significant opportunities for innovation in contact adhesive
formulations. This shift not only benefits the woodworking industry but also
resonates with consumer preferences for durability and environmental
sustainability. Consequently, this dynamic environment offers considerable
growth potential for stakeholders in the Indian contact adhesives market,” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“India Contact Adhesive Market By Type
(Neoprene, Polyurethane, Acrylic, Styrene Butadiene Copolymer & Others), By
Technology (Solvent Based and Water Based), By End-User (Woodworking,
Automotive, Leather and Footwear, Construction & Others), By Region,
Competition, Forecast and Opportunities, 2020-2030”, has evaluated
the future growth potential of India Contact 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 Contact Adhesive Market.
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