NEW YORK, December 7, 2016 /PRNewswire/ --
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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Browse 6 market data Tables and 65 Figures spread through 143 Pages and an in-depth TOC on
"India Adhesives Market"
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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