Adhesives, majorly comprises of polymers, petroleum derived plastic resins, synthetic rubber and additives in order to enhance its characteristics. Rapid growth and a scaled level of industrialization have been enhanced in this particular sector. The major concern for this industry is however the volatility in raw material prices. The ever fluctuating raw material prices are affecting all the industries associated to them. Moreover to overcome this scenario is the manufacturers are investing more and more in R&D activities. Also, the laminates industry in India has a potential market ahead with the demand for laminates increasing day by day. The laminate industry is running with steady phase right now in India. However, the industry is affected by increasing price of raw material. The India furniture industry is of Rs 36000cr and it is highly unorganized (85% of the total market). India is ranked among the top 14 furniture market in the world. Regions in New Delhi, Haryana, Punjab (Ludhiana), Gujarat (Ahmedabad, Vadodara), and West Bengal are the ruling regions of laminates and adhesives. Other regions include Vishakhapatnam, Hyderabad and Bangalore that hold great potential to the ever growing development of these industries.
