Recently, representatives from Sagar Thermal Materials (hereinafter referred to as "Sagar"), an advanced Indian enterprise in thermal management materials, visited Ancham New Materials and engaged in project discussions with Ancham's General Manager Li Zhang and its R&D and marketing teams. The two sides reached a preliminary cooperation intention on adhesive projects in fields such as new energy vehicles, aircraft, and electronic manufacturing, marking a crucial step for Ancham to expand into the Indian market.
Technical Synergy: Ancham's Comprehensive Solution Precisely Meets Indian Market Demands
As a pioneer in thermal management material R&D in India, Sagar has accumulated rich experience in new energy vehicles, drones, and other fields, establishing partnerships with leading industry players like Faurecia. Sagar's representative Kear had in-depth discussions with Ancham's General Manager Li Zhang and relevant marketing and technical personnel on multiple product series, including potting materials, bonding materials, and thermal conductive materials. Ancham New Materials' products cover five major applications: bonding, sealing, thermal conduction, potting, and protection, spanning four chemical systems: epoxy, acrylic, polyurethane, and silicone, fully meeting the adhesive application needs of the electronic manufacturing industry. This advantage perfectly aligns with Sagar's market expansion needs, serving as a favorable opportunity for cooperation. Additionally, Ancham's potting and thermal conductive adhesive products, with their complete system, powerful performance, and diverse types, possess strong product advantages in the drone, aircraft, and electric vehicle sectors in the promising Indian market, instantly meeting diversified market demands. Based on this, the two sides had thorough exchanges on current project needs, technical service approaches, and strategic cooperation concepts, reaching a preliminary cooperation intention.
Policy Empowerment: India's Manufacturing Upgrade Creates Localization Cooperation Opportunities
According to Kedar's analysis, with India's population growth, the Indian market is set to shine internationally in the next decade. The Indian adhesive market is experiencing structural growth. With the government implementing tax breaks for key sectors like batteries and semiconductors, the high-end thermal management material market is expected to exceed $500 million by 2025. Meanwhile, facing tariff pressures from the US, the Indian government has adopted an open economic policy, with multiple incentive policies implemented in the past year, rapidly expanding the market potential for adhesives. However, international giants currently dominate the market share, necessitating local enterprises to build differentiated advantages through technical cooperation.
Value Co-creation: Building a Deep Relationship from Product Supply to Strategic Cooperation
After the meeting, Kedar visited Ancham's R&D center and multi-performance laboratories. By observing product testing and customer sample inspections up close, Kedar believed that Ancham's accumulated service capabilities could provide strong support for technical issues Sagar encounters in serving its customers. Sagar has operations in mid-southern cities like Hyderabad and Bangalore, as well as in Delhi, a northern industrial hub, making it one of the most forward-looking thermal conductive material enterprises in India. With Ancham's profound technical advantages, future cooperation holds boundless potential.
