The adhesive industry has seen significant changes in recent years. The type and number of these changes have been astounding. They include new substrate materials, regulatory burdens, acquisitions and mergers, new raw materials, new application and curing processes, and a host of volatile technical, commercial, and political issues.
Epoxy technology gives the formulator an almost unlimited number of tools to employ. The type of epoxy polymer backbone, curative, resinous modifiers, and special additives or fillers all serve as degrees of freedom available in developing an adhesive system for a given application.Epoxy adhesives are chemical compounds used to join components by providing a bond between two surfaces. They are high-performance thermosetting resins, which display a unique combination of properties. Epoxy resins have been commercially available for almost a half-century and are arguably one of the most versatile polymers with uses across an enormously wide variety of industries.
Adhesive markets represent only a small percentage of the total consumption of epoxy resins. However, epoxy adhesives provide significant value added, so that their prices and profit margins are generally higher than those for other adhesive types. Epoxy adhesives represent a significant part of the overall structural adhesives market (about $1.8 billion). The main competitors to epoxy adhesives are polyurethanes; however, thermosetting acrylics and cyanoacrylate adhesives are also strong challengers in certain market segments.Although the overall annual growth rate for epoxy adhesive is in the 3 to 5 percent range, certain regional markets.Thus, due to demand it is a good project for entrepreneurs to invest.
Few Indian Major Players are as under
• 3M India Ltd.
• Aditya Birla Chemicals (India) Ltd.
• Atul Ltd.
• HindusthanSpeciality Chemicals Ltd.
• SamvardhanaMothersonNippisun Technology Ltd.