# Adhesives and sealants: Trading

How India's glue prices follow the VAM basket

Source page: https://www.materialinsights.org/chemicals/adhesives/trading/

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)](https://www.adhesivesmag.com)free newsletter · BNP Media

annual ASI Top 20 and adhesive industry news
[MarketsandMarkets research insight: adhesives and sealants](https://marketsandmarkets.com/ResearchInsight/adhesive-sealants-market.asp)freemium research site · MarketsandMarkets

market size and forecasts
[FundsIndia equity research desk](https://fundsindia.com/blog)free blog · FundsIndia

Indian company notes including Pidilite
[Indiantelevision MAM results coverage](https://indiantelevision.com)free research site · Indiantelevision.com

Pidilite and FMCG quarterly results

## Other sections

- [Summary](https://www.materialinsights.org/chemicals/adhesives/index.md)
- [Overview](https://www.materialinsights.org/chemicals/adhesives/overview/index.md)
- [Correlation](https://www.materialinsights.org/chemicals/adhesives/correlation/index.md)
- [Production route](https://www.materialinsights.org/chemicals/adhesives/routes/index.md)
- [Production](https://www.materialinsights.org/chemicals/adhesives/production/index.md)
- [Feedstocks](https://www.materialinsights.org/chemicals/adhesives/feedstocks/index.md)
- [Cycles](https://www.materialinsights.org/chemicals/adhesives/cycles/index.md)
- [Movement](https://www.materialinsights.org/chemicals/adhesives/movement/index.md)
- [Regulation](https://www.materialinsights.org/chemicals/adhesives/regulation/index.md)
- [Characteristics](https://www.materialinsights.org/chemicals/adhesives/characteristics/index.md)
- [Emissions](https://www.materialinsights.org/chemicals/adhesives/emissions/index.md)
- [Relationships](https://www.materialinsights.org/chemicals/adhesives/links/index.md)