India Hot Melt Adhesive Market (2023-2029) | Analysis, Industry, Size, Share, Revenue, Forecast, Trends, Outlook & COVID-19 IMPACT

Latest 2023 Development of the India Hot Melt Adhesives Market

India Hot Melt Adhesives Market is forecast to grow continuously in the upcoming timeframe. The hot melt adhesives market in India is witnessing steady growth due to the increasing applications of hot melt adhesives in packaging, woodworking, construction, and automotive industries. The market is driven by increasing demand from various end-use industries, such as packaging, automotive, construction, and woodworking, among others. Some of the latest developments and projects in the India hot melt adhesives market include the expansion of manufacturing capacities to meet the growing demand for hot melt adhesives.

Moreover, there is a growing demand for eco-friendly hot melt adhesives in India due to increasing environmental concerns. Also, there is increasing use of hot melt adhesives in automotive applications as this industry is a significant consumer of hot melt adhesives in India. Furthermore, several companies are collaborating with local players to expand their presence in the India hot melt adhesives industry. With the increasing popularity of e-commerce, the demand for packaging materials, including hot melt adhesives, is expected to proliferate in the coming years. With the increasing disposable income of consumers, the demand for high-quality products is anticipated to grow in the future years. 

India Hot Melt Adhesives Market Synopsis

India Hot Melt Adhesives Market has witnessed growth due to growing demand from the packaging and automotive industry. The major factors boosting the growth of the hot melt adhesive market in India are increasing environmental concerns about solvent-borne adhesives, rising demand from industrial manufacturers, and fast processing.

According to 6wresearch, the India Hot Melt Adhesives Market size is expected to grow during 2020-2026. During the first quarter of 2020, the Indian market is anticipated to witness negative growth in the economy on account of the coronavirus pandemic which has a worse impact on worldwide business. However, during the second half of 2020-2026, the market in India is anticipated to witness recovery and healthy growth in the economic scenario. In terms of types, the Ethylene Vinyl Acetate segment is expected to dominate the hot melt adhesives market in India owing to increasing penetration of the products in a wide range of industries and growing government support towards the usage of Volatile Organic Compound (VOC) adhesives.

Based on the application, the packaging segment is expected to lead a major revenue share in the hot melt adhesives market during the forecast period in India on account of the rising usage of hot melt adhesives in packaging applications, majorly food packaging. Moreover, India has the fifth-largest packaging industry in the world. India’s packaging industry is primarily driven by upgrading technology in industries to make their products portable and compact.

India hot melt adhesive market is expected to register sound revenues in the coming years backed by the rising packaging industry. Increased manufacturing of products required proper packaging of products in huge cartons by using a hot melt adhesive gun which ensures tightly packed cartons and ensures smooth supply is expected to proliferate the deployment of Hot melt adhesive instruments in the country. Further, a rise in the need for manufacturers in the fast packaging process instigates the rapid use of hot melt adhesive products and would instigate the prominent growth of India hot melt adhesive market in the coming years.

India hot melt adhesives market is estimated to gain traction in the forthcoming years on the back of the increase in the scope of the wide application of the product in the growing industrial landscape. Further, the increase in electronics manufacturing in the country due to the rising purchase of consumer electronics with the growing middle-class family population concurrently increases the use of hot melt adhesives in the manufacturing, sealing, and labelling process and is estimated to bolster the demand for hot melt adhesive glue. Also, woodwork at a large scale in the country with the growing furniture demand is acting as another growth proliferating factor for hot melt adhesives glue used in product assembling and sealing process and is expected to pioneer the impressive growth of the Indian hot melt adhesive market in the coming timeframe.

Key Highlights of the Report:

• India Communication Test Equipment Market Overview
• India Communication Test Equipment Market Outlook
• India Communication Test Equipment Market Forecast
• India Communication Test Equipment Market Size and India Communication Test Equipment Market Forecast, until 2026
• Historical Data of India Communication Test Equipment Market Revenues, By Type, 2016-2019
• Market Size & Forecast of India Communication Test Equipment Market Revenues, By Type, until 2026
• Historical Data of India Communication Test Equipment Market Revenues, By Application, 2016-2019
• Market Size & Forecast of India Communication Test Equipment Market Revenues, By Application, until 2026
• India Communication Test Equipment Market Trends
• Market Drivers and Restraints
• Porter's Five Force Analysis and Market Opportunity Assessment
• India Communication Test Equipment Market Share, By Players
• India Communication Test Equipment Market Overview on Competitive Benchmarking
• Company Profiles
• Strategic Recommendations

Markets Covered:

The India Communication Test Equipment market report provides a detailed analysis of the following market segments:

By Types

• EVA (Ethylene-Vinyl Acetate)
• SBC (Styrenic Block Copolymers)
• PU (Polyurethane)
• Amorphous Poly-Alpha-Olefin (AMOP)
• Metallocene Polyolefins (MPO)
• Polyamide (PA)
• Polyester

By Applications

• Packaging
• Disposables
• Pressure Sensitive Products
• Book Binding
• Furniture
• Footwear
• Automobile
• Textile
• Electronics