The Blooming Industry of Sealants, Adhesives and Gums

The market of natural gum, globally, will be growing at a CAGR of around 8% in the forecasted period. Whereas, according to NIIR project consultancy services (NPCS) analysts, the market of adhesives and sealants is recorded to see healthy growth, at an estimated CAGR of over 7% in the upcoming years. High demand from the packaging industry is anticipated to push the market’s growth in the forecasted period. The market of Indian adhesives and sealants is consolidated among the top four players with an approximated market share of 85%. The major companies include Pidilite Industries Ltd, Henkel AG & Co. KGaA, Sika AG, Arkema Group, and H.B. Fuller Company, amongst others. The growth in manufacturing in the country is expected to create opportunities for the industry’s growth in the upcoming years. By the end-user industry, the paper, board, and packaging industry dominated the market.

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