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Driven by the robust demand from downstream building, wind power and automotive manufacturing sectors as well as the advances in industrial technology, China-made structural adhesives, especially top-grade special adhesives with silicone adhesive, epoxy adhesive and PU adhesive as base materials, are expected to see an AAGR of 15%-20% when it comes to output.
At the early stage, the development of Chinese structural adhesive industry was heavily reliant on the introduction of overseas technologies and was long monopolized by foreign brands such as Fuller, Henkel, Momentive, 3M and Sika. However, after several decades of years of development, domestic players including Huitian Adhesive, Shanghai KangDa New Materials, Chengdu Guibao Science & Technology and TONSAN Adhesive have been provided with competitive technological R&D and independent innovation capabilities, seizing considerable share in some market segments. A case in point is Huitian Adhesive, which is one of major suppliers in automotive adhesive field with the revenue in 2012 hitting RMB226 million. Another case is Shanghai KangDa New Materials, which is leader in wind power epoxy adhesive industry of China with the market share in 2012 high up to 41%.
In addition, given the great confidence in Chinese market and business strategies, international tycoons like Henkel continue their hefty investment in China. In early 2011, Henkel launched the world?s largest adhesive plant project-?Long Project? which was conducted in three phases. Elaborately, the first phase of 270,000 tons/a industrial adhesive and metal surface treatment agent project is estimated to be put into production in mid-2013; the second phase of 140,000 tons/a automotive, general industry and adhesive for civilian use is expected to be finished in 2014H1 after the environmental assessment result was published in Aug.2012.
The report highlights the followings:
Operating environment, status quo, competition pattern, demand & supply, import & export and prospect of China structural adhesive industry;
Status quo, demand & supply and development outlook of China structural adhesive market segments such as silicone, epoxy and PU adhesives.
Operation, adhesive business and prospects of 8 international and 9 Chinese structural adhesive companies.