Published on November 17, 2014

Packaging industry, which is the most important end-user industry for adhesives, is expected to grow at an annual rate of over 15% through 2016 which will escalate the demand for adhesives. Industry analysts said that the growth of packaging and construction industry is stimulating the demand for Adhesives sector in market.

Recent research report said that the packaging and construction industry led the recovery of adhesives and sealants and is expected to continue the trend till 2018. Market players said that owing to innovative product development adhesives market influencing the cost-effectiveness of the customers operation which is augmenting demand of this industry.

Industrial adhesives are replacing mechanical fastener for bonding requirements, and the demand for these adhesives is expected to grow in line with the country’s manufacturing growth. Market players are working on the innovative product development further to capture market’s vast potentials.  Market experts believe that due to new product development which requires joining of two similar or dissimilar substrates is augmenting the demand for adhesives industry in India.

Industry Source said that presently Indian Adhesives and sealant market is growing as the manufacturing sector in India is still budding and adhesive industry’s expansion is directly aligned with the country’s manufacturing growth. Some market source said that, the ever-increasing need for high standard performance across all modern applications is driving the growth of adhesives and sealants.