The market for industrial adhesives is growing at a phenomenal rate as they are being increasingly used in place of mechanical fasteners in various industrial applications. Major sectors which are replacing conventional techniques of bonding with these adhesives include construction, packaging, automotive and others and all because of the superior features of these adhesives. Several players in the market are assuming key positions due to the increased growth in end-use for this product. Factors such as growth in construction, packaging, transport sectors, demand for superior product characteristics and technological advancements in the field of such adhesives are some of the drivers that have led to their increased demand. In the automobile industry besides being environmentally friendly, the adhesives have helped reduce the vehicle weight by more than 12% leading to greater fuel efficiency. The packaging industry has also shown a preference for these adhesives due to their greater flexibility, better bonding and low cure times. Industry assembly adhesives have wound their way in the huge measure in the aircraft industry which requires top-quality adhesion to keep their internal parts well bonded and ensure fuel efficiency. The construction sector is another sector that needs adhesives of exceptional quality for its various applications like false ceilings, tiles and plastering and other aesthetic requirements. There are several sectors in the Indian economy that will show an increased demand for adhesives because of increased growth. Automotive, packaging, and construction industry are just to name a few of them. With the Indian government taking a highly positive stand to boost development in the construction sector, increased demand for fast-moving consumer items and an expected robust growth in the automotive export sector the market for industrial adhesives will be witnessing a rising graph in the country. Integrated companies offering adhesive products, feedstock and delivering to end-user industrial sectors dominated the world industrial adhesives market. Construction, automotive, packaging, electronics, and electrical sectors were the greatest beneficiaries. There are several other manufacturers of these adhesives who enjoy a dominant share of the market. The major reasons for these manufacturers in carving a larger market share is their technological superiority, optimization of resources, innovations in product development among others. Acrylic adhesives are the favorite player in the industrial market. Acrylic adhesives are endowed with properties of UV and moisture/water resistance and temperature fluctuations.
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