Published on September 8, 2014
Adhesives are one of such sector which has remained unaffected from global economic slowdown. The application category of this component is wide and vivid in end user segment. It is used in construction industry, packaging, small scale industries. Recent trends have shown that this industry is expected rise demand in the near future.
Adhesive are now available in the form of solvents as well. New form of water soluble solvents is available in the market. Water based adhesives and acrylic based adhesives are further expected to grow at very higher rate in upcoming years.
According to recent report, Adhesive market is expected to witness a growth of 15% by the year 2016. Infrastructure, packaging firms and automobile industry are growing the growing sectors of the country. Leading international companies are finding Indian markets more interesting and worth exploring. In recent day’s industrial adhesives have become strong replacement for mechanical fattener as bonding provided by adhesives is stronger with lower cost. Pidlite is the leading player of adhesive industry in India with more companies to enter the Indian market in near future.