Published on August 20, 2014

Rise in demand of green products is escalating the demand for Adhesives industry to focus on environment friendly products in India. The automotive market also offers significant potential for new opportunities. Market analysts said that the spending of low-cost adhesives and sealants in a variety of low- to medium-performance applications is considerable, but the overall market for these products is flat.

However, in higher performance components of the industry, the prospects for growth are good.

Market players said that acquisition of new technology and products provides instant access to new market for this industry. Source said that in many applications the use of adhesives and sealants is growing rapidly and industry experts are planning for new business strategy for further growth of the industry.

Growth in construction industry is driving force for the growth of Adhesive and sealants. Industry Source said that the growing application of adhesives in transportation and medical industry is anticipated to bring new opportunity for this industry in near term. Major manufacturer have said that higher raw material and strict regulatory compliance is hampering the production process of this industry. This week this sector is running with a firm velocity owing to need based demand from industry sectors.