by Arnold Wang
China Correspondent
Based on the report from China Adhesives and Tape Industry Association, the adhe- sives production in China in 2014 was
6.59. million tons and total sales of adhesives
was 82.3 billion RMB, increased respectively
by 7. 8 percent and 6.1 percent over 2013. And
it is estimated that China’s adhesive market will
be more than 100 billion RMB for the first time
in history in 2015.
The growth of new markets, including
high speed train, passenger car, consumer elec-
tronics, clean energy, aircrafts and packag-
ing, provides growth potentials for adhesives.
Furthermore, the Chinese government lists ad-
hesive as an industry into which foreign com-
panies are still encouraged to invest. However,
like the coatings market, the adhesives market
is experiencing structure adjustment. High per-
formance, environmentally friendly adhesives
are on the path to becoming mainstream prod-
ucts in the Chinese market. The development
of EVA hot melt adhesives and non-solvent
polyurethane and silicon adhesives is outpacing
the development of traditional varieties such as
solvent-based adhesives.
However, the market demand for high-end adhesive varieties is still satisfied by the
products of foreign companies such as Henkel,
Dow Chemical, Ashland and H.B. Fuller. But
the adhesives technologies of major domestic
adhesive companies are catching up rapidly,
reflected by the growth of adhesive trade volume. In 2014 China imported a total of 259.8
thousand tons of adhesives, comparing with
187.3 thousand tons in 2013. On the contrary,
China exported 576.2 thousand tons of adhesives in 2014, comparing with 395.9 thousand
tons in 2013.
The growth in
new markets,
including high
speed train,
passenger
car, consumer
electronics, clean
energy, aircrafts
and packaging,
provide growth
potentials for
adhesives.
Adhesives Market Continues
Moving on the Fast Track
