May 19 2014
Research and Markets has announced the addition of the "India Adhesives Market Forecast and Opportunities, 2019" report to their offering.
Adhesives are the most adaptable bonding agents available in the market, which remained unaffected by the recent global slowdown due to their application in a wide variety of end user industries. The major allied industries for adhesives include packaging, wood working and construction industry. In India, anticipated growth in these industries is expected to drive the demand for adhesives during 2013-19.
The recent trends have shown a shift from solvent based adhesives to water based adhesives, primarily due to increasing environmental awareness among consumers. Though India does not have the volatile organic compound (VOC) emission regulation in place, such regulations are expected to be implemented in coming years. Hence, water based adhesives, with acrylic polymer type base, are expected to grow at a very high rate over the next five years.
The combined CAGR of multinational as well as domestic players operating in the country's adhesives market is projected to be around 6% during 2014-19, as concluded by the report India Adhesives Market Forecast & Opportunities, 2019. India is an attractive market for adhesives as the per capita consumption is low as compared to developed nations, thereby offering huge growth potential over the next decade. Usage of adhesives in the country is witnessing an increase in composites, wind energy, non-woven techniques, commodity and labels, etc.