Published on April 7, 2014

Currently Indian adhesive market size is at Rs 60 billion and per capita consumption close to Rs 50. Industry players said that from per capita standpoint, adhesives consumption in India is much lower than the developed economies like USA, Japan and Europe.

Demand for industrial adhesives is predictable to widen across a wide spectrum of end markets, with transportation, inclusive of automotive and construction probable to take leading positions. Development of construction, automotive and packaging industries, mainly in China and India is estimated to impel the demand for both adhesives and sealants in the near future. With the increase in demand of pressure sensitive adhesives in automotives, the tapes segment will see a climb in the outlook. The demand of specialty tapes for varied applications like marine, automotive, aerospace, electronics will witness a significant growth due to high capabilities of these tapes. Rising health concerns among people will amplify the order for PSA for medical applications such as surgical tapes, dressing tapes, sanitary napkins, etc.

The market is focusing on diverse small and big business performers. The pressure sensitive adhesives market is experiencing a bang in India owing to deep spending on infrastructure and the flourishing development sector. On account of the mounting requirement for proficient and atmosphere friendly stuffs that cause minimal harm to the surrounding, the market will experience a growth in the demand of pressure sensitive adhesives in the coming years.

Currently nearly all players in this industry are very enormous and produce highly customized products focusing on a particular end-user industry. In order to overcome the challenges, at present the industry has been shifting its focus towards developing renewable alternatives to petroleum based adhesives and sealants.