The adhesives and sealants market in India is estimated to witness a a steady growth at an estimated compound annual growth rate of over 7% between 2020 to 2025. Increasing demand from packaging industry is expected to drive the market during the forecast period. Rapid Industrial development and an ever growing demand for housing has constantly resulted in the demand for good quality industrial adhesives which is a necessity in almost any kind of manufacturing. The construction sector is one of the largest sectors in India and it is growing at a healthy rate, owing to the rising population, increase in middle-class income, and urbanization.
This has been a boon for the adhesive and sealants market in India since adhesives and sealants have been extensively used in the building and construction industry owing to their characteristics and physical properties. These properties include good adhesion and elasticity, cohesion, high cohesive strength, flexibility, the high elastic modulus of the substrate, resistance from thermal expansion, and environmental resistance from UV light, corrosion, saltwater, rain, and other weathering conditions.
For the adhesives and sealants market in India, water-borne acrylic adhesives are considered as an environmentally friendly and economically feasible substitute to solvent-based adhesives. The major advantage of water-borne adhesives is the absence of volatile organic compounds. Acrylics are majorly used by paper, board, and packaging industries. Packaging industry dominates the demand for acrylic adhesives with numerous applications in products, such as tapes, labels, cases, and cartons.
Furthermore, with the booming e-commerce industry, online food deliveries, and innovation and development in the packaging industry, adhesives and sealants market in India has grown manifold. Yashbond Adhesive Company strives to keep up with the growing demand, trends and innovation in the adhesives and sealants market in India. Thus, Yashbond is a preferred choice for high quality products in the adhesives and sealants market in India.