The China adhesives and sealants market is estimated to witness a healthy growth, at an estimated CAGR of over 6.5%, over the forecast period. Increasing demand form packaging industry is expected to drive the market during the forecast period.
Key Market Trends
Increasing Usage of Acrylic Water Borne Adhesives
Rising Demand from Building and Construction Industry
Competitive Landscape
The China adhesives and sealants market is a consolidated market with many healthy competitions in the market. The major companies include 3M, Henkel AG & Co. KGaA, Sika AG, Arkema Group, and H.B. Fuller Company, among others.
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- Growing popularity of bio-based adhesives is likely to create opportunities for the market’s growth in the future.
- Stringent environmental regulations regarding VOC emissions is likely to hinder the market’s growth.
- By end-user industry, the paper, board, and packaging segment dominated the market.
Key Market Trends
Increasing Usage of Acrylic Water Borne Adhesives
- Water-borne acrylic adhesives are considered as an environmentally friendly and economically feasible substitute to solvent-based adhesives. The major advantage of water-borne adhesives is the absence of volatile organic compounds.
- The properties of the acrylics include durability, color retention, quick-drying, environmentally friendly, impact-resistant, etc. Acrylics are majorly used on exterior and interior surfaces, such as on frames, doors, wall surfaces, trim, etc.
- Acrylics can be applied to areas, such as primed metals, direct to metal applications, wood, and masonry surfaces. Acrylics are also used directly to metal or as a topcoat for many colors and gloss levels.
- The application of the acrylics includes bonding wood, paper, wall panel bonding, sealing (grouts), textiles bonding, paper stamps, leather tile envelopes, labels, etc. Acrylics are used by various end-user industries, such as buildings and construction, woodworking and joinery, paper, board, packaging, etc.
- Furthermore, acrylics are majorly used by paper, board, and packaging industries. Packaging industry dominates the demand for acrylic adhesives with numerous applications in products, such as tapes, labels, cases, and cartons.
- Factors, such as e-commerce, online food deliveries, and innovation and development in the packaging industry has been driving the growth of the packaging industry in the country.
Rising Demand from Building and Construction Industry
- Adhesives and sealants have been extensively used in the building and construction industry owing to their characteristics and physical properties. These properties include good adhesion and elasticity, cohesion, high cohesive strength, flexibility, the high elastic modulus of the substrate, resistance from thermal expansion, and environmental resistance from UV light, corrosion, saltwater, rain, and other weathering conditions.
- They have a myriad of applications. They are used in heating, ventilation, air conditioning (HVAC), concrete, joint cement, manufactured housing, resilient flooring, roofing, wall covering, pre-finish panels, drywall lamination, joints in exterior walls, spandrels, repair of larger cracks, the perimeter of doors and fixed window frames, etc.
- China’s 13th Five Year Plan started in 2016 as it was an important year for the country’s engineering, procurement, and construction (EPC) industry. In addition to this, the country ventured into new business models domestically and internationally, during the year. Although the construction sector slowed down after 2013, it is still a major contributor to the GDP of the country.
- The construction sector has been recording a healthy growth in the country, owing to significant increase in government investment on large-scale infrastructure projects in order to ensure steady growth of the economy.
- All the aforementioned factors, in turn, are expected to boost the demand for adhesives and sealants in the country during the forecast period.
Competitive Landscape
The China adhesives and sealants market is a consolidated market with many healthy competitions in the market. The major companies include 3M, Henkel AG & Co. KGaA, Sika AG, Arkema Group, and H.B. Fuller Company, among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3M
- Arkema Group
- Beijing Comens New Materials Co. Ltd
- Dow
- DuPont
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Hubei Huitian New Materials Co. Ltd
- Huntsman International LLC
- Jiangsu Guojiao Chemical Technology Co. Ltd
- Shanghai KangDa New Materials Co. Ltd
- Sika AG
- Wacker Chemie AG
- Wingtai (Zhongshan) Co. Ltd
- WuXi Wanli Adhesion Materials Co. Ltd
Methodology
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