India Polyvinyl Acetate Market Size, Share, Competitive Landscape and Trend Analysis Report By Grade and Application: Opportunity Analysis and Industry Forecast 2018-2032
The India polyvinyl acetate market was valued at $219.9 million in 2018 and is estimated t%li%reach $491.2 million by 2032, exhibiting a CAGR of 6.6% from 2023 t%li%2032.
Polyvinyl acetate (PVA) is a synthetic polymer derived from vinyl acetate monomers. It is commonly known as wood glue, white glue, or PVA glue, and it finds extensive use in various industries, including adhesives, paints, coatings, textiles, and paper. In India, the demand for PVA has been steadily growing due t%li%its versatile applications and numerous benefits across different sectors.
In the adhesives industry, PVA is valued for its strong bonding capabilities, fast drying time, and versatility in bonding various materials such as wood, paper, cardboard, and fabric. It is als%li%non-toxic and easy t%li%clean, making it suitable for use in schools, households, and industries where safety is a priority. In the paints and coatings sector, polyvinyl acetate serves as a key ingredient in water-based paints, providing excellent adhesion t%li%surfaces, flexibility, and resistance t%li%yellowing over time. Its low odor and environment-friendly nature make it a preferred choice for indoor applications where volatile organic compounds (VOCs) emissions need t%li%be minimized.
Textile manufacturers in India utilize polyvinyl acetate for its role as a binder in fabric finishing processes. It helps improve the crease resistance, stiffness, and durability of fabrics, ensuring that they maintain their shape and appearance even after multiple washes. In addition, PVA-based coatings are used in the production of specialty papers and packaging materials t%li%enhance their strength, moisture resistance, and printability.
The packaging industry als%li%contributes t%li%the growing demand for PVA in India, driven by the rise of e-commerce and the need for innovative packaging solutions. PVA-based coatings offer excellent barrier properties against moisture and oxygen, extending the shelf life of packaged goods and reducing food wastage. In addition, the flexible nature of PVA allows for the development of biodegradable and compostable packaging materials, aligning with the India trend towards sustainable packaging solutions.
The India polyvinyl acetate market is segmented int%li%grade, and application. On the basis of grade, the market is classified int%li%partially hydrolyzed, medium hydrolyzed, and fully hydrolyzed. On the basis of application, the market is categorized int%li%adhesive, packaging adhesives, decorative laminates and furniture assembly, and thickening agent.
On the basis of grade, the fully hydrolyzed is the fastest-growing segment of the India polyvinyl acetate market. Fully hydrolyzed PVA is applied as a coating on paper t%li%improve its strength, smoothness, and printability. It forms a thin film on the paper surface, enhancing its surface properties. Fully hydrolyzed PVA is used in the production of water-soluble packaging films, especially for single-dose packaging applications in industries like detergents, agrochemicals, and pharmaceuticals. These films dissolve in water, eliminating the need for disposal and reducing environmental impact.
On the basis of application, the decorative laminates and furniture assembly is the fastest-growing segment of the India polyvinyl acetate market. Polyvinyl acetate is often used as an adhesive in the lamination process of decorative surfaces ont%li%substrates such as plywood, particleboard, or medium-density fiberboard (MDF). PVA adhesives are widely used in furniture manufacturing for bonding wood components together. They are commonly used in edge gluing, doweling, and assembly of furniture joints such as butt joints, miter joints, and tongue-and-groove joints.
Major players operating in the India polyvinyl acetate market include Aadhunik Industries, B JOSHI AGROCHEM PHARMA, Central Drug House, Chemipol (Kothari Group of Industries), Penta Bioscience Products, Kalikund Enterprise, MOHIT ORGANIC RESOURCES PRIVATE LIMITED, Pidilite Industries Limited, SIVA CHEMICAL INDUSTRIES, and Triveni Interchem Private Limited (Group Of Triveni Chemicals).
2.1. Key findings
On the basis of grade, the partially hydrolyzed segment registered the highest, around half of the market share and is projected t%li%maintain the same during the forecast period.
Polyvinyl acetate (PVA) is a synthetic polymer derived from vinyl acetate monomers. It is commonly known as wood glue, white glue, or PVA glue, and it finds extensive use in various industries, including adhesives, paints, coatings, textiles, and paper. In India, the demand for PVA has been steadily growing due t%li%its versatile applications and numerous benefits across different sectors.
In the adhesives industry, PVA is valued for its strong bonding capabilities, fast drying time, and versatility in bonding various materials such as wood, paper, cardboard, and fabric. It is als%li%non-toxic and easy t%li%clean, making it suitable for use in schools, households, and industries where safety is a priority. In the paints and coatings sector, polyvinyl acetate serves as a key ingredient in water-based paints, providing excellent adhesion t%li%surfaces, flexibility, and resistance t%li%yellowing over time. Its low odor and environment-friendly nature make it a preferred choice for indoor applications where volatile organic compounds (VOCs) emissions need t%li%be minimized.
Textile manufacturers in India utilize polyvinyl acetate for its role as a binder in fabric finishing processes. It helps improve the crease resistance, stiffness, and durability of fabrics, ensuring that they maintain their shape and appearance even after multiple washes. In addition, PVA-based coatings are used in the production of specialty papers and packaging materials t%li%enhance their strength, moisture resistance, and printability.
The packaging industry als%li%contributes t%li%the growing demand for PVA in India, driven by the rise of e-commerce and the need for innovative packaging solutions. PVA-based coatings offer excellent barrier properties against moisture and oxygen, extending the shelf life of packaged goods and reducing food wastage. In addition, the flexible nature of PVA allows for the development of biodegradable and compostable packaging materials, aligning with the India trend towards sustainable packaging solutions.
The India polyvinyl acetate market is segmented int%li%grade, and application. On the basis of grade, the market is classified int%li%partially hydrolyzed, medium hydrolyzed, and fully hydrolyzed. On the basis of application, the market is categorized int%li%adhesive, packaging adhesives, decorative laminates and furniture assembly, and thickening agent.
On the basis of grade, the fully hydrolyzed is the fastest-growing segment of the India polyvinyl acetate market. Fully hydrolyzed PVA is applied as a coating on paper t%li%improve its strength, smoothness, and printability. It forms a thin film on the paper surface, enhancing its surface properties. Fully hydrolyzed PVA is used in the production of water-soluble packaging films, especially for single-dose packaging applications in industries like detergents, agrochemicals, and pharmaceuticals. These films dissolve in water, eliminating the need for disposal and reducing environmental impact.
On the basis of application, the decorative laminates and furniture assembly is the fastest-growing segment of the India polyvinyl acetate market. Polyvinyl acetate is often used as an adhesive in the lamination process of decorative surfaces ont%li%substrates such as plywood, particleboard, or medium-density fiberboard (MDF). PVA adhesives are widely used in furniture manufacturing for bonding wood components together. They are commonly used in edge gluing, doweling, and assembly of furniture joints such as butt joints, miter joints, and tongue-and-groove joints.
Major players operating in the India polyvinyl acetate market include Aadhunik Industries, B JOSHI AGROCHEM PHARMA, Central Drug House, Chemipol (Kothari Group of Industries), Penta Bioscience Products, Kalikund Enterprise, MOHIT ORGANIC RESOURCES PRIVATE LIMITED, Pidilite Industries Limited, SIVA CHEMICAL INDUSTRIES, and Triveni Interchem Private Limited (Group Of Triveni Chemicals).
2.1. Key findings
On the basis of grade, the partially hydrolyzed segment registered the highest, around half of the market share and is projected t%li%maintain the same during the forecast period.
- On the basis of application, adhesive registered the highest market share accounting for nearly half of the market share.
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.1.1. Top investment pockets
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Porter’s Five Forces Analysis
3.3. Market dynamics
3.3.1. Drivers
3.3.1.1. Rise in demand for adhesives
3.3.1.2. Advancements in packaging technology
3.3.2. Restraint
3.3.2.1. Availability of substitutes from synthetic polymers
3.3.3. Opportunities
3.3.3.1. The surge in demand for the woodworking and furniture
3.3.3.2. Rise in demand for paper and packaging
3.4. Patent analysis
3.5. Pricing Analysis by Application
3.6. Impact of key regulation on the India polyvinyl acetate market
3.7. PESTLE analysis of India polyvinyl acetate market
3.7.1. Political Factors:
3.7.2. Economic Factors:
3.7.3. Social Factors:
3.7.4. Technological Factors:
3.7.5. Legal Factors:
3.7.6. Environmental Factors:
3.8. Value chain analysis
3.9. List of value chain players
3.10. Customer Profiles
3.11. Trade Data Analysis
3.11.1. Imports of Polyvinyl Acetate 2023
3.11.2. Exports of Polyvinyl Acetate 2023
CHAPTER 4: INDIA POLYVINYL ACETATE MARKET, BY GRADE
4.1. Overview
4.1.1. Market size and forecast
4.2. Partially hydrolyzed
4.2.1. Key market trends, growth factors, and opportunities
4.3. Medium hydrolyzed
4.3.1. Key market trends, growth factors, and opportunities
4.4. Fully hydrolyzed
4.4.1. Key market trends, growth factors, and opportunities
CHAPTER 5: INDIA POLYVINYL ACETATE MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Adhesive
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.2.1. Wood
5.2.2.2. Paper Laminates
5.2.2.3. Bindings and Blocking
5.2.2.4. Other porous surface
5.3. Packaging adhesives
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.2.1. Paper
5.3.2.2. Cardboard
5.3.2.3. Fabric
5.3.2.4. Other
5.4. Decorative laminates and furniture assembly
5.4.1. Key market trends, growth factors, and opportunities
5.5. Thickening agent
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.5.2.1. Paints & Coatings
5.5.2.2. Adhesives
CHAPTER 6: COMPETITIVE LANDSCAPE
6.1. INTRODUCTION
6.1.1. Market Player Positioning, 2022
6.2. Product mapping of top 10 player
6.3. Competitive heatmap
CHAPTER 7: COMPANY PROFILES:
7.1. AADHUNIK INDUSTRIES
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Product portfolio
7.1.4. SWOT Analysis
7.2. B JOSHI AGROCHEM PHARMA
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Product portfolio
7.2.4. SWOT Analysis
7.3. CENTRAL DRUG HOUSE.
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Product portfolio
7.3.4. SWOT Analysis
7.4. CHEMIPOL (KOTHARI GROUP OF INDUSTRIES)
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Product portfolio
7.4.4. SWOT Analysis
7.5. PENTA BIOSCIENCE PRODUCTS
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Product portfolio
7.5.4. SWOT Analysis
7.6. KALIKUND ENTERPRISE
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Product portfolio
7.6.4. SWOT Analysis
7.7. MOHIT ORGANIC RESOURCES PRIVATE LIMITED
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio
7.7.4. SWOT Analysis
7.8. PIDILITE INDUSTRIES LIMITED
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. R&D Expenditure
7.8.6. Business performance
7.8.7. SWOT Analysis
7.9. SIVA CHEMICAL INDUSTRIES
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Product portfolio
7.9.4. SWOT Analysis
7.10. TRIVENI INTERCHEM PRIVATE LIMITED (GROUP OF TRIVENI CHEMICALS).
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Product portfolio
7.10.4. SWOT Analysis
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.1.1. Top investment pockets
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Porter’s Five Forces Analysis
3.3. Market dynamics
3.3.1. Drivers
3.3.1.1. Rise in demand for adhesives
3.3.1.2. Advancements in packaging technology
3.3.2. Restraint
3.3.2.1. Availability of substitutes from synthetic polymers
3.3.3. Opportunities
3.3.3.1. The surge in demand for the woodworking and furniture
3.3.3.2. Rise in demand for paper and packaging
3.4. Patent analysis
3.5. Pricing Analysis by Application
3.6. Impact of key regulation on the India polyvinyl acetate market
3.7. PESTLE analysis of India polyvinyl acetate market
3.7.1. Political Factors:
3.7.2. Economic Factors:
3.7.3. Social Factors:
3.7.4. Technological Factors:
3.7.5. Legal Factors:
3.7.6. Environmental Factors:
3.8. Value chain analysis
3.9. List of value chain players
3.10. Customer Profiles
3.11. Trade Data Analysis
3.11.1. Imports of Polyvinyl Acetate 2023
3.11.2. Exports of Polyvinyl Acetate 2023
CHAPTER 4: INDIA POLYVINYL ACETATE MARKET, BY GRADE
4.1. Overview
4.1.1. Market size and forecast
4.2. Partially hydrolyzed
4.2.1. Key market trends, growth factors, and opportunities
4.3. Medium hydrolyzed
4.3.1. Key market trends, growth factors, and opportunities
4.4. Fully hydrolyzed
4.4.1. Key market trends, growth factors, and opportunities
CHAPTER 5: INDIA POLYVINYL ACETATE MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Adhesive
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.2.1. Wood
5.2.2.2. Paper Laminates
5.2.2.3. Bindings and Blocking
5.2.2.4. Other porous surface
5.3. Packaging adhesives
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.2.1. Paper
5.3.2.2. Cardboard
5.3.2.3. Fabric
5.3.2.4. Other
5.4. Decorative laminates and furniture assembly
5.4.1. Key market trends, growth factors, and opportunities
5.5. Thickening agent
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.5.2.1. Paints & Coatings
5.5.2.2. Adhesives
CHAPTER 6: COMPETITIVE LANDSCAPE
6.1. INTRODUCTION
6.1.1. Market Player Positioning, 2022
6.2. Product mapping of top 10 player
6.3. Competitive heatmap
CHAPTER 7: COMPANY PROFILES:
7.1. AADHUNIK INDUSTRIES
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Product portfolio
7.1.4. SWOT Analysis
7.2. B JOSHI AGROCHEM PHARMA
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Product portfolio
7.2.4. SWOT Analysis
7.3. CENTRAL DRUG HOUSE.
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Product portfolio
7.3.4. SWOT Analysis
7.4. CHEMIPOL (KOTHARI GROUP OF INDUSTRIES)
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Product portfolio
7.4.4. SWOT Analysis
7.5. PENTA BIOSCIENCE PRODUCTS
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Product portfolio
7.5.4. SWOT Analysis
7.6. KALIKUND ENTERPRISE
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Product portfolio
7.6.4. SWOT Analysis
7.7. MOHIT ORGANIC RESOURCES PRIVATE LIMITED
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio
7.7.4. SWOT Analysis
7.8. PIDILITE INDUSTRIES LIMITED
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. R&D Expenditure
7.8.6. Business performance
7.8.7. SWOT Analysis
7.9. SIVA CHEMICAL INDUSTRIES
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Product portfolio
7.9.4. SWOT Analysis
7.10. TRIVENI INTERCHEM PRIVATE LIMITED (GROUP OF TRIVENI CHEMICALS).
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Product portfolio
7.10.4. SWOT Analysis
