India Construction Adhesives Market Competitive Analysis

Deliverable Overview

competitiv的可交付成果概述e insights for the India construction adhesives market, including the list of key market players, their product portfolio, financial performance, and recent strategies such as mergers and acquisitions, new product launches, and joint ventures among others. Furthermore, it also constitutes company categorization, market share analysis, and heat map analysis for the key market participants.

Competitive Insights for India Construction Adhesive Market

Construction adhesives are versatile and reliable bonding solutions specifically formulated for construction and building applications. Designed to provide a strong and durable bond, these adhesives are commonly used to join various construction materials. Whether installing drywall, paneling, flooring, or bonding wood, metal, concrete, ceramics, or plastics;construction adhesiveoffers excellent adhesion even in challenging conditions. The product market has been characterized as consolidated, owing to many global manufacturers accounting for a greater market share. Numerous manufacturers with strong technical know-how characterize the market.

According to the report published by Oxford Economics in May 2023, the construction industry in India is expected to witness the fastest growth in the world by 2030. It is projected to add USD 1 trillion to the growth of the global construction industry by 2030. Favorable policies by the government of India to strengthen the urban infrastructure in the country and meet the demands of the rapidly growing urbanizing population are contributing to the growth of the construction industry in the country. For instance, the government allotted USD 92.2 billion for infrastructure in the Union Budget for 2018-2019.

The product market is fragmented, with various global players operating in the market space. The key companies operating in the India adhesive construction industry include H.B. Fuller Company, 3M, Henkel AG & Co. KGaA, UltraTech Cement Ltd., AKEMI, Huntsman International LLC, Perma Construction Aids Pvt. Ltd, Franklin International, AVERY DENNISON CORPORATION, Illinois Tool Works Inc, Chitra Insultec Private Limited, AKEMI, BOSS Products, BASF SE, Astral Adhesives, Wacker Chemie India Private Limited, and Power Grace Industries Ltd.

Players operating in the product market adopt various expansion strategies to increase their production capacity and help them meet the surging demand for construction adhesive products and increase the availability of their products. For instance, in 2022, Henkel AG & Co. KGaA, opened a new production plant in Mexico, intending to expand the company’s production capabilities ofhot melt adhesives.

Other than expansion strategies, the market players also focus on partnerships, mergers, and acquisitions to expand their geographical and product portfolios. For instance, in February 2023, Henkel AG & Co. KGaA announced an agreement with the International Centre for Industrial Transformation's participation program. (INCIT). This move was taken to utilize INCIT's tools and frameworks to advance the digital transformation of its operations by joining INCIT's partner network.

Scope Details:India Construction Adhesives Market Competitive Analysis