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Prospect of the Engineering Adhesive Industry in China


Engineering adhesives are a kind of high-performance and high-quality adhesives which are useful in a wide range of industrial applications. In China, the engineering adhesive market displayed a steady growth rate of 15.3% during the period from 2007 to 2012. Some of the industries in which engineering adhesive are used in China are automobile industry, construction industry, wind power generation and photovoltaic industry. In 2012, China’s output of engineering adhesive was around 427700 tons. In China, the consumption of engineering adhesives in automobile, construction, wind power generation and photovoltaic industry accounted for nearly 50% of all consumption needs. Both domestic and foreign manufacturers of engineering adhesives coexist in China. As of 2012, there are more than 300 manufacturers of engineering adhesives in the country.

Market Segmentation
Based on the type of product, engineering adhesives are divided into six major categories. These are silicone adhesive, polyurethane adhesive, modified acrylic adhesive, epoxy resin adhesive, cyanoacrylate adhesive and anaerobic adhesive. Every adhesive has different attributes and characteristics which makes it useful for different industries. Out of these six segments, the production and output of silicone adhesive is the highest accounting for 40% of the total output for adhesives in 2012. The production of epoxy resin adhesive and polyurethane adhesive accounts for 30% and 20% of total output for adhesives. Technological advances and product development in the field of silicone and polyurethane adhesives is expected to increase in the coming years. This will fuel the growth of these two adhesives, leading to an increase in growth rate.

In China, the major manufacturers of engineering adhesives are multinational corporations such as Henkel, Sika, Momentive, Fuller and 3M. These companies account for majorities share in the market for engineering adhesives in China. These companies are equipped with superior technology and varied products which are fueling their growth in the market. Domestic manufacturers such as Guangdong Xinzhan, Hubei Huitian Adhesive Enterprise Co. Ltd, Beijing Tonsan, Beijing Comens New Materials Co. Ltd and Chengdu Guibao Science & Technology Co. Ltd are also doing well in the market.

The application of engineering adhesives is spread across different industries. With rise in industrial growth in China and due to the widespread application of adhesives, the market for engineering adhesives is expected to do well in the coming years.

Explore the latest market research reports on China’s engineering adhesive industry @ http://www.chinamarketresearchreports.com/110740.html

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