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Frost & Sullivan predicts Indian acrylic emulsions market to generate revenue of $491.2 M by 2016

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

New analysis from Frost & Sullivan, Indian Water-based Adhesive Market,” finds that the total water-based adhesive market earned revenues of $328.9 million in 2009 and estimates this to reach $666.7 million in 2016. Increasing income levels and infrastructure development in India are expected to drive the growth of building materials and related products including water-based adhesives that are categorized into acrylic emulsions and polyvinyl acetate (PVA). The former accounts for 66 percent of the total water-based adhesive market, while the latter contribute the rest. Widely used in the construction, furniture and packaging industries, water-based adhesives are set to gain demand in the wake of the green building initiatives in India.

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