Published on December 23, 2013
Adhesives products have been the trusted choice worldwide. The Adhesive segment dominates the global adhesives market, with a share of more than 75%. With the huge market potential and growing preferences adhesive market is showing considerable growth.
Adhesives are becoming popular due to their fast setting speed, relatively low cost, and low environmental impact.
Adhesives touch every part of our lives and it is applicable almost in every manufacturing sector from packaging to textile. Due to rise in industrial activities adhesives industry is showing balanced growth for the Indian market, whereas in emerging market growth has continued due to rapid pace of industrialization and rise in manufacturing output. In India adhesives are widely used in industrial and commercial sector.
Henkal one of the leading global Adhesive Company is looking to expand its business in India. For growth in sales and innovative solutions Henkal opened its research lab in Hinjewadi,Pune.
China and India are the biggest consumers of adhesives due to rapid industrialization and infrastructure growth. The biggest problem for the industry is the non-availability of feedstock apart from this there are no manufacturing facility for adpic acid and isophthalic acid which is used for adhesives segment.
