May 29 2014
Research and Markets has announced the addition of the "China Adhesives Market Forecast and Opportunities, 2019" report to their offering.
The Chinese adhesives market is expected to witness a CAGR of 10.2% during 2014-19, with market for structural adhesives advancing at a CAGR of around 15% during the same period. The major structural or engineering adhesives available in China include Polyurethane, Epoxies, Acrylic and Silicones. High demand for structural adhesives can be attributed to growth in the country's automotive and transportation sectors.
The application of adhesives in these industries is expected to increase further due to their various highly beneficial properties like lightweight, corrosion resistance and excellent bonding strength. China completed the construction of high-speed railway lines in 2012, a project that involved large-scale consumption of polyurethane adhesives. Construction or infrastructure industry is another major end-user industry for adhesives.
In China, application of adhesives is witnessing growth in various end-use applications such as composites, wind energy, nonwoven technology, commodity, F&B, labels and packaging. The growth in the adhesives market has attracted significant foreign investment from players like Henkel, H.B. Fuller and 3M. These companies have introduced premium products as well as new technologies in the country's adhesives market.
Market Developments
- Green Adhesives - An Upcoming Trend
- Olefins Advent & Nonwoven Technology
- Alternative Energy Resources
- Lightweighting
- Market Extension - Self Adhesive Label Industry
- Market Extension - Packaging Industry