india polyurethane adhesives sealants market forecast and opportunities, 2022 brochure
TRANSCRIPT
M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
India Polyurethane Adhesives & S ealants Market By Technology, By Application, Competit ion Forecast & Opportunities ,
2012–2022
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Ta b l e o f C o n t e n t s
S. No. Contents
1. Product Overview
2. Research Methodology
3. Analyst View
4. Global Polyurethane Adhesives and Sealants Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.1.2. By Volume
4.2. Market Share & Forecast
4.2.1. By Technology (Water based, Solvent based, Hot Melt and Reactive)
4.2.2. By Application (Construction, Packaging, Furniture & Others)
4.2.3. By Region (Asia-Pacific, Europe, North America, Middle East & Africa & South America)
4.2.4. By Company
4.3. Market Attractiveness Index
5. India Polyurethane Adhesives Market Outlook
5.1. Demand Supply Analysis
5.2. Market Size & Forecast
5.2.1. By Value
5.2.2. By Volume
5.3. Market Share & Forecast
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S. No. Contents
5.3.1. By Technology (Water based, Solvent based, Hot Melt and Reactive)
5.3.2. By Application (Automotive, Construction, Furniture & Others)
5.3.3. By Region (North, South, West, East)
5.3.4. By Company
5.4. Market Attractiveness Index
6. India Polyurethane Sealants Market Outlook
6.1. Demand Supply Analysis
6.2. Market Size & Forecast
6.2.1. By Value
6.2.2. By Volume
6.3. Market Share & Forecast
6.3.1. By Type (1 Component and 2 Component)
6.3.2. By Application (Building & Construction, General Industrial Application, Automotive, Flexible Packaging, Marine & Others)
6.3.3. By Region (North, South, West, East)
6.3.4. By Company
6.4. Market Attractiveness Index
7. India Binders Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
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8. Pricing Analysis
9. Value Chain Analysis
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments
12. Trade Dynamics
12.1. Import
12.2. Export
13. Customers & Distributors List
13.1. List of Major Customers
13.2. List of Major Distributors
14. Policy & Regulatory Landscape
15. India Economic Profile
16. Competitive Landscape
16.1. Competition Benchmarking
16.2. Company Profile
16.2.1. Henkel Adhesive Technologies India Private Limited
16.2.2. Huntsman International (India) Private Limited
16.2.3. Pidilite Industries Limited
16.2.4. Sika India Pvt. Ltd.
16.2.5. 3M India Limited
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S. No. Contents
16.2.6. BASF India Limited
16.2.7. Bostik India Private Limited
16.2.8. HB Fuller India Adhesive Pvt. Ltd.
16.2.9. VCM Polyurethanes PVT. LTD.
16.2.10. Anabond Limited
17. Strategic Recommendations
18. About Us & Disclaimer
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P r o d u c t O v e r v i e w
Polyurethane Adhesives or PUR are the polymeric compounds which are tailored for utilization as specialty or elastic
adhesive in various industries such as building & construction, automotive, furniture, etc. The excellent flexibility and
fracture resistance associated with PU Adhesives make them suitable for car bonding applications, flooring applications and
many other purposes.
Polyurethane Sealants refer to elastomeric material derived from polyurethane which is used to fill or seal gaps between
cracking substances such as pipes, tankers, walls, etc.
There are two types of polyurethane adhesives and sealants: 1 Component and 2 Component.
Adhesives & Sealants
Polyurethane Adhesives
Building & ConstructionAutomotiveFurniture
Others
Polyurethane Sealants
Building & constructionFlexible Packaging
AutomotiveGeneral Industrial
MarineOthers
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R e s e a r c h M e t h o d o l o g y
Baseline Methodology:
For the study, TechSci Research has gathered information through primary research surveys with multiple respondents
including adhesives & sealants manufacturers and industry experts in India, followed by external validation of the information
collected by interviewing distributors. We also gathered insights through exhaustive search of credible paid databases and our
internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in
chronological order to depict a meaningful and clear picture of polyurethane adhesives and sealants market in India. While
compiling the data, we have also cross-checked all the collected information from multiple sources and data warehouses so as
to present the most accurate and precise information of the concerned industry. The market size of polyurethane adhesives,
polyurethane sealants and binders has been calculated based on consumption in different application in India as well as various
other factors. The same information has then been verified through primary research surveys with suppliers to arrive at logical
figures.
Sources: Company Websites, Association Reports, Annual Reports, OICA, Society of Indian Automobile Manufacturers, etc.
PU Adhesives & Sealants
Manufacturing Companies
Interviewed
Pidilite Industries Limited, Sika India Pvt. Ltd., Anabond Limited, 3M India Limited, Henkel Adhesive
Technologies India Private Limited, Bostik India Private Limited, HB Fuller India Adhesive Pvt Ltd.,
Huntsman International (India) Private Limited, etc.
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R e s e a r c h M e t h o d o l o g y
Polyurethane
Adhesives &
Sealants
Market,
2012 – 2022
Optimistic
Likely
D1
D2
D3
Short term Medium term Long term
D1
D2
D3
Short term Medium term Long term
• Qualitative to quantitative conversion
• Assigning weightage to drivers
• Statistical evaluation• Developing the actual
forecast based on both the cases
High MediumDegree of Impact
• Market indicators expected to outperform during the forecast period
• Market expected to gain traction with increasing impact of drivers
• Market indicators expected to perform at average level during the forecast period
• Market expected to slow down with decreasing impact of drivers
Forecasting Methodology
XX% CAGR
Low
Conservative
XX% + 4% CAGR
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I n d u s t r y B r i e f
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Henkel Leading India Polyurethane Adhesives and Sealants Market in 2016
According to TechSci Research report, “India Polyurethane Adhesives & Sealants Market By Technology, ByApplication, Competition Forecast and Opportunities, 2012 - 2022’’, India Polyurethane (PU) Adhesives andSealants market is forecast to surpass USD330 million by 2022, owing to continuing growth in the country’s constructionand automotive industries. PU adhesives and sealants are widely used in construction sector for bonding constructionmaterial. Moreover, as an effort towards environment conservation, demand for renewable material is constantly rising inIndia polyurethane market. Also, the concept of green buildings is gaining popularity across the country, thereby fuelingdemand for polyurethane adhesives and sealants.
On the basis technology, polyurethane adhesives market is segmented into four categories, namely - water based,solvent based, hot melt and reactive technology. In 2016, water based technology dominated India polyurethaneadhesives market, and the segment is expected to dominate during the forecast period as well. Water based PU adhesivesgenerated no volatile organic compounds and are environment friendly compared to other technologies. However, PUadhesives based on hot melt technology are expected to grow at the fastest pace owing to their superior manufacturingflexibility and optimal hold. Polyurethane sealants are classified into two types: 1 component and 2 componentpolyurethane sealants. 1 component PU sealants grab a dominant share in India PU sealants market on the back of theirwide usage in the building construction and automotive industries whereas, 2 component PU sealants majorly findapplication in general industrial end use industry.
West region of India accounted for the largest share in India polyurethane adhesives and sealants market in 2016,supported by the strong industrial growth and increasing number of construction and infrastructure development projectsin the region. Additionally, the presence of a large number of furniture, footwear, packaging, electrical & electronicsmanufacturers in the region is anticipated to further increase the usage of PU adhesives and sealants products in thecoming years. Moreover, major states such as Maharashtra and Gujarat have been increasingly focusing on industrialdevelopment, which is further expected to fuel growth in India PU adhesives and sealants market over the course of nextfive years.
With constantly rising construction sector in India, including the green building initiatives, demand for PU adhesives andsealants has been witnessing a significant rise. Moreover, automotive industry, which extensively uses PU adhesives andsealants, is also undergoing rapid development, with increasing inclination towards electric vehicles and vehicles with lightweight body. All these factors, coupled with growing demand from packaging and medical industries is expected toaugment consumption of PU adhesives and sealants in India over the course of next five years.,” said Mr. Karan Chechi,Research Director with TechSci Research, a research based global management consulting firm.
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S a m p l e D a t a - S n a p s h o t
Figure 1: Global Polyurethane Adhesives & Sealants Market
Size, By Value (USD Billion), By Volume (Million Tons),
2012-2022F
10
1.002.00
3.004.00
5.006.00
7.008.00
9.0010.00
11.00
5.006.00
7.008.00
9.0010.00
11.0012.00
13.0014.00
15.00
2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F
Value (USD Billion) Volume (Million Tons)
Source: XXXXXNote: These are dummy figures; please purchase our report for actual data
Asia-Pacific20.00%
Europe20.00%North America
20.00%
MEA20%
South America20%
Figure 5: Global Furniture Production Market Share, By
Region, By Value, 2015
Figure 10: Global Polyurethane Adhesives & Sealants Market Attractiveness
Index, By Region, By Volume, 2017E-2022F (Million Tons)
-2.00%
-1.00%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
0.00 0.50 1.00 1.50 2.00 2.50 3.00
North America
South America
Low Medium High
Europe
Asia-Pacific
Middle East & Africa
-5.0%
0.0%
5.0%
10.0%
0.0
1000.0
2000.0
3000.0
FY10 FY11 FY12 FY13 FY14 FY15 FY16E FY17F FY18F FY19F
GDP per capita, current prices Growth Rate
Figure12: India Nominal per Capita Income (USD), FY10-FY19F
1050
90130
170210
250290
330370
2011 2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F
Figure 48: India Infrastructure Industry Size, By Value,
2011-2020F (USD Billion)
20003000
40005000
30004000
50006000
South India North India West India East India
Q1 Sales Q2 Sales
Figure 57: India Car Sales, By Region (Major States), By Volume, Q1 &
Q2, 2016, (Units)
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R e p o r t O r d e r i n g
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Report Name: India Polyurethane Adhesives & Sealants Market By Technology,
By Application, Competition Forecast & Opportunities, 2012–2022
12
A b o u t U s & D i s c l a i m e r
About Us
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market
research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity,
while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and
macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects.
Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available
in the market.
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Disclaimer
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it istimely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources includingwhich it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is notresponsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoeverto the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided inthis document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will requireprior approval of TechSci Research.
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