Adhesives and sealants: Trading

How India's glue prices follow the VAM basket

How India's glue prices follow the VAM basket What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.

Who buys, and where

Formulators buy monomers from Chinese, Taiwanese, Saudi, US and European producers

Who sells, and from where

Hardware and stationery retail, carpenters and contractors (consumer); converters, packaging, furniture and auto lines (industrial)

Price benchmarks

Benchmark	Publisher	Basis
No adhesive benchmark; VAM, butyl acrylate and MDI Asia spot prices	ICIS; Argus	weekly spot

Exchanges

Venue	Contract	Notes
None	no futures	monomers trade on contract and spot

Contract types

Retail list prices with dealer schemes
Annual contracts with raw-material escalators for industrial users
Technical specification agreements with car makers

Traders and distributors

Chemical distributors (Brenntag, Univar, IMCD) for raw materials; adhesives themselves are rarely traded

How Indian buyers price it

Pidilite sets consumer list prices and raises them when the VAM basket rises
VAM imported at CFR India parity; domestic Asian Paints VAM from August 2026 may shift parity

Recent price points

Date	Price	Basis	Source
2026	VAM up about 70%	change during West Asia conflict	FundsIndia research desk (2026)
FY2026	Rs 13,437 crore standalone sales; 24.6% EBITDA margin	Pidilite	Indiantelevision, 7 May 2026

Good sources to follow

Adhesives & Sealants Industry (ASI)free newsletter · BNP Media

annual ASI Top 20 and adhesive industry news

MarketsandMarkets research insight: adhesives and sealantsfreemium research site · MarketsandMarkets

market size and forecasts

FundsIndia equity research deskfree blog · FundsIndia

Indian company notes including Pidilite

Indiantelevision MAM results coveragefree research site · Indiantelevision.com

Pidilite and FMCG quarterly results