India Automotive Adhesives Market Size & Outlook
India automotive adhesives market, 2018-2030 (US$M)
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India automotive adhesives market highlights
- The India automotive adhesives market generated a revenue of USD 419.3 million in 2022 and is expected to reach USD 813.1 million by 2030.
- The India market is expected to grow at a CAGR of 8.6% from 2023 to 2030.
- In terms of segment, reactive & others was the largest revenue generating technology in 2022.
- Hot Melt is the most lucrative technology segment registering the fastest growth during the forecast period.
Automotive adhesives market data book summary
| Market revenue in 2022 | USD 419.3 million |
| Market revenue in 2030 | USD 813.1 million |
| Growth rate | 8.6% (CAGR from 2022 to 2030) |
| Largest segment | Reactive & others |
| Fastest growing segment | Hot Melt |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water Based, Solvent Based, Hot Melt, Reactive & Others |
| Key market players worldwide | Henkel AG & Co KGaA, H.B. Fuller Co, Sika AG, Dow Inc, Arkema SA, 3M Co |
Other key industry trends
- In terms of revenue, India accounted for 5.4% of the global automotive adhesives market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China automotive adhesives market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 813.1 million by 2030.
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Automotive Adhesives Market Scope
Automotive Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
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India automotive adhesives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive adhesives market will help companies and investors design strategic landscapes.
Reactive & others was the largest segment with a revenue share of 68.61% in 2022. Horizon Databook has segmented the India automotive adhesives market based on water based, solvent based, hot melt, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.
Automotive adhesives market in India is expected to witness substantial growth over the forecast period owing to the expanding automotive industry in the country. Increasing disposable income of the middleclass population and expanding millennial population in the country are the major factors fueling the demand and thereby, production of automobiles in India.
Strong government support and initiatives coupled with rising investments by the government are expected to propel the growth of automotive industry. For instance, in February 2019, the Government of India approved the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME)-II scheme with a fund allocation of USD 1.39 billion for the financial year 2020-22.
In addition, the industry witnessed foreign direct investment (FDI) worth USD 20.85 billion during the period 2000-2018. The country is also witnessing a surge in domestic automobile production. Thus, all the aforementioned factors coupled with rapid production of automobiles in India are anticipated to create huge demand for automotive adhesives over the forecast period.
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Our clientele includes a mix of automotive adhesives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India automotive adhesives market , including forecasts for subscribers. This country databook contains high-level insights into India automotive adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India automotive adhesives market size, by technology, 2018-2030 (US$M)
India Automotive Adhesives Market Outlook Share, 2022 & 2030 (US$M)
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