Pidilite Industries SWOT Analysis, USP & Competitors

Posted in Industrial Products and Chemicals, Total Reads: 6566
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SWOT Analysis of Pidilite Industries with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Pidilite Industries

Parent Company

Pidilite Industries Ltd.

Category

Consumer chemicals/ Specialty chemicals

Sector

Industrial Products

Tagline/ Slogan

Building Bonds

USP

Market leader in adhesives, sealants, polymer emulsions, hobby colours and construction chemicals in India.

STP

Segment

Customers looking for ease-of-use and value-for-money products.

Target Group

Carpenters, plumbers, housewives, constructors/masons ,etc.

Positioning

Pioneer and market leader in consumer adhesives and specialty chemicals in India.

Product Portfolio

Brands

1. Fevicol

2. Dr.Fixit

3. Fevikwik

4. MotoMax

5. M-Seal

6. Fevi Stick

SWOT Analysis

Strengths

1. The advertising and marketing of Pidilite has been very strong, especially the Fevicol ads have become a viral hit among the masses.
2. The name Fevicol has become synonymous with adhesives and has almost become a generic for anything that sticks. This also has helped other brands of Pidilite such as Fevistik, Fevikwik, etc. in their sales.
3. Fevicol and M-seal alone account for more than 50% of the total revenue of Pidilite, which eases the pressure on the sales of other brands and businesses.
4. Brand recall and value are extremely strong for Pidilite and have become the star attraction for many television commercials.

5. Fevicol ads have also won accolades and awards at major advertising award festivals and shows.

6. Strong R&D center to cater to the growing need for innovative products and services.

Weaknesses

1.Acquisition of the Cyclo brand of car care products is a weak factor as India exhibits a very fragmented market for the same with very little customer loyalty.
2. Revenue generation is over dependent on Fevicol and M-seal which results in reduced investments on other brands and businesses.

Opportunities

1.Pidilite organizes many creative competitions for students and young scholars, such as the 'International Creative Contest' where approx. 800,000 students from 3000 schools participate.It also helps in promoting the brand very well.

2. The chemical industry in the world in growing very strongly and focus on emerging economies in other parts of the world such as Brazil, South Africa, China, Singapore, Thailand and East Africa is a great opportunity to establish stronghold in the international market.

Threats

1. The manufacturing cost of Pidilite’s products is largely dependent on crude oil and petroleum prices which are fluctuating by the minute.
2. Competitors are equally hard pressed on delivering innovative products and services.

Competition

Competitors

1. Tata Chemicals
2. BASF
3. BOC India



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