India Adhesives Market to Cross $ 1.3 Billion by 2025
Growing furniture and construction industries to steer demand for adhesives in India through 2025
According to TechSci Research report, “India
Adhesives Market By Technology, By Type, By End Use Industry, Competition Forecast
and Opportunities, 2011 - 2025’’,
adhesives market in India is forecast to cross US$ 1.3 billion by 2025, on
account of continuously growing building and construction sector, increasing demand
for packaging materials in food & beverage industry and growing furniture
industry. Growth in India adhesives market can also be attributed to macroeconomic factors such as increasing
population base, rising per capital income and rapid industrialization. Moreover,
rising technological advancements have led to development of advanced and
hybrid adhesives that have excellent bonding strength and flexibility, under a
wide range of temperatures. Rising awareness about different types of adhesives
and their applications in various end user industries is projected to boost
demand for adhesives in India during 2016-2025.
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through 143 Pages and an in-depth TOC on "India
Adhesives Market"
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Polyurethane adhesives dominate
India adhesives market and the segment is projected to continue dominating the
market through 2025, due to growing demand from various end user industries
such as automotive, furniture, packaging and construction. Moreover, increasing health concerns
among individuals, and rising per capita income is fueling demand for
eco-friendly materials and adhesives across various end user industries. Construction
chemicals market in India stood at over USD573 million in 2014 and is growing
continuously, on the back of rapidly growing construction industry and
favorable government initiatives such as “Make in India”. All these factors are
projected to boost growth in the country’s adhesives in India in the coming
years.
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“Shift of the automotive
production to India from western countries, due to easy availability of cheap
workforce and raw materials is boosting growth in India adhesives market. In
2015, India automotive components market was valued at USD39 billion. Further, a
major share in the demand for environment friendly and technologically advanced
adhesives is emanating from various end user industries in India. Moreover,
rising awareness regarding harmful effects of synthetic adhesives on human health
and environment is anticipated to drive the shift towards bio adhesives for
various applications in the country during the forecast period. Consequently, these
new technology developments pertaining to adhesives, based on end user
requirements is anticipated to drive India adhesives market in the coming
years.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India
Adhesives Market By Technology, By Type, By End Use Industry, Competition Forecast and Opportunities, 2011 -
2025” has evaluated the
future growth potential of adhesives market and provides statistics and 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 evaluation. Besides, the report also identifies and analyzes
emerging trends along with essential drivers, challenges and opportunities in India
adhesives market.
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