Recent Developments for Adhesives Manufacturers in India

According to the Ministry of Electronics and Information Technology, India's electronic products market is worth Rs 4,580 billion (US$ 66 billion) and has grown at a CAGR of around 5.5 per cent over the last four years. The National Policy on Electronics (2019) aims to promote domestic manufacturing and exports across the entire value chain of electronics system design and manufacturing (ESDM) by the year 2025. Total $400 billion (approx.)

The Indian government has taken several initiatives to promote domestic electronics manufacturing and exports. For instance, the Modified Special Incentive Package Scheme (M-SIPS) provides a 20-25 per cent subsidy on capital expenditure for setting up an facility of electronics manufacturers in India.

Pidilite Industries Limited announced in November 2020 that it has completed the acquisition of Huntsman Advanced Materials Solutions Private Limited (HAMSPL), the Indian subsidiary of Huntsman Group, for Rs 2,100 crore. The transaction includes the company's operations in the Indian subcontinent as well as trademark licenses for the Middle East, Africa and ASEAN countries.

1. Pidilite Industries Limited

Pidilite Industries Limited is an Indian adhesives manufacturer. It produces consumer goods such as industrial and textile resins, industrial pigments, construction chemicals, leather chemicals and other industrial chemicals.

2. H.B. Fuller Company

H.B. Fuller Company is a US-based company with operations worldwide and markets its adhesives in India. In the field of ethical investing, the company has long been praised for its careful handling of toxic waste and the nature reserve it has created around its headquarters.

3. Arkema Group

Arkema was founded in 2004 as a result of Total's restructuring of its chemicals business, and made its debut on the stock exchange in May 2006. Arkema employs 20,500 people in 55 countries and operates 13 research centers and 144 manufacturing plants in Europe, North America, Asia and the rest of the world, with total revenues of €7.9 billion.

Conclusion

In terms of revenue, the adhesives market is highly concentrated among a few key players. It is extremely competitive as the top adhesive manufacturers in India control more than 90% of the market share. Pidilite Industries Limited has maintained a market leader in the sealant industry for several years, with a market share of around 48 percent. Growing electronic operations in India and increasing demand for bio-based adhesives are expected to provide numerous opportunities for the market under consideration during the forecast period.

Are you looking for top companies database at affordable price? Here we have mentioned some of the top companies data list. Download in just one click.

Gurgaon company list | PVT LTD company in Mumbai list | Hosur company list