China Adhesives Market Segmented By Resin Type (Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA, Others), By Technology (Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, Water-borne), By End Use Industry (Aerospace, Automotive, Construction, Healthcare, Packaging, Others), By Region, Competition, Forecast and Opportunities, 2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationChina Adhesives Market Segmented By Resin Type (Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA, Others), By Technology (Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, Water-borne), By End Use Industry (Aerospace, Automotive, Construction, Healthcare, Packaging, Others), By Region, Competition, Forecast and Opportunities, 2028
| Forecast Period | 2024-2028 |
| Market Size (2023) | USD 14.56 billion |
| CAGR (2023-2028) | 4.43% |
| Fastest Growing Segment | Polyurethane |
| Largest Market | South-Central |
Market Overview
China Adhesives Market has valued at USD 14.56 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.43% through 2028. Adhesives are extensively utilized in the construction of buildings, roads, railways, and for bonding automotive parts. Based on the type of polymer, adhesives can be classified as acrylics, vinyls, polyurethane, and rubber-based adhesives. Water-based adhesives, known for their eco-friendliness and zero VOC emissions, find applications in labels, packaging, woodworking, textiles, construction, high-pressure laminate bonding, and lightweight systems in the automobile industry. The adhesive market in China is witnessing significant growth due to the booming infrastructure and construction activities, as well as the increasing automotive manufacturing sector. Concerns regarding harmful VOC emissions from solvent-based adhesives are driving the transition to bio-based alternatives. Additionally, continuous advancements in adhesive technologies have expanded their capabilities, including improved bonding strength, faster curing, higher temperature resistance, and enhanced flexibility, thereby widening the range of applications. Technological innovations continue to drive product development and customization to meet industry-specific requirements, fostering market growth. Furthermore, adhesive manufacturers are investing in research and development to introduce advanced products with enhanced performance, durability, and efficiency. Continuous innovation enables the development of adhesives that can bond to various substrates, withstand extreme environments, and offer specialized properties. R&D activities play a vital role in expanding application possibilities and enhancing overall product quality, thereby driving market growth.
Key Market Drivers
Growing Demand of Adhesives in Packaging Industry
China, a prominent manufacturing hub on a global scale, has experienced remarkable growth in its adhesives market. This growth can be primarily attributed to the increasing demand for innovative packaging solutions. In today's context, packaging serves as an integral component of branding, conveying product information, and enhancing convenience. Adhesives play a pivotal role in achieving these objectives by providing secure bonding, flexibility, and customization options. The global drive towards sustainable practices has significantly influenced the packaging industry. Adhesives facilitate the use of recyclable materials and reduce the need for excessive packaging, thereby enabling the creation of eco-friendly packaging. China's dedication to environmental conservation has further accelerated this trend, resulting in a growing demand for adhesives that support sustainable packaging solutions. Adhesives offer a wide range of design and functionality possibilities. From self-adhesive labels to resealable closures, adhesives enable packaging solutions that offer both convenience and aesthetic appeal. As Chinese consumers become more discerning, brands are embracing innovative packaging designs to engage their target audience, thereby driving the demand for adhesive technologies. The rapid growth of e-commerce has reshaped the packaging landscape. Online shopping necessitates packaging that ensures product integrity and provides protection against the rigors of shipping and handling. Adhesives play a crucial role in securing packages during transit, safeguarding the product and enhancing the overall customer experience. Technological advancements in the adhesive industry have resulted in the development of products with enhanced bonding capabilities, resistance to temperature fluctuations, and improved durability. These attributes are particularly valuable in packaging solutions for food, electronics, and other sensitive products. China's position as a manufacturing powerhouse has positioned it at the forefront of the packaging revolution. Furthermore, China's aspirations to become a global leader in technological innovation perfectly align with the trajectory of the adhesive industry. The development of smart packaging, incorporating elements such as RFID tags and sensors, will heavily rely on adhesives to seamlessly integrate these technologies into packaging materials.
Growing Demand of Adhesives in Construction Industry
In China, the largest construction market globally, the demand for adhesives has been steadily increasing. This growth is driven by their essential role in enhancing structural integrity, efficiency, and sustainability. Traditionally, construction heavily relied on mechanical fastening methods like nails, screws, and bolts. However, these methods often launched weaknesses such as potential corrosion and material stress concentrations. In contrast, adhesives offer a seamless bonding process that evenly distributes stresses across the surface, minimizing vulnerabilities. Adhesives have evolved to be compatible with various substrates, including concrete, steel, glass, and composites. They provide improved durability, reduced weight, and enhanced design flexibility, making them an attractive choice for architects, engineers, and contractors. Adhesives play a critical role in enhancing the structural integrity of buildings by distributing loads and stresses evenly, resulting in improved load-bearing capacity and overall performance. This is particularly crucial in high-rise buildings and structures subject to dynamic loads like earthquakes and wind. Additionally, adhesive application is often faster and requires less labor compared to traditional mechanical fastening methods, leading to reduced construction timelines and costs. Moreover, adhesives enable innovative architectural designs that were previously unattainable with conventional methods. The seamless bonding of materials opens new possibilities for creative and sustainable structures. Modern adhesives are formulated to withstand harsh environmental conditions, temperature fluctuations, and chemical exposure, resulting in longer lasting and more resilient constructions. Furthermore, adhesives contribute to improved energy efficiency by eliminating thermal bridging, reducing energy consumption for heating and cooling. Additionally, their use aligns with sustainable construction practices by reducing material waste and promoting lightweight construction. China's rapid urbanization and infrastructure development have generated an unprecedented demand for new construction projects. The government's focus on sustainable urban planning and development has further driven the adoption of innovative construction methods, where adhesives have gained prominence. In line with this trend, the adhesive industry in China has flourished. Domestic adhesive manufacturers have made significant investments in research and development to produce products tailored to the unique demands of the construction sector. This has resulted in a diverse range of adhesives, including structural adhesives that offer high bond strength and weather-resistant adhesives ideal for external cladding.
Growing Demand of Adhesives in Healthcare Industry
The healthcare industry plays a pivotal role in our lives, providing essential medical care and groundbreaking treatments. Behind the scenes, there are various components that ensure the seamless functioning of this industry, and one such component is adhesives. Adhesives have gained increasing significance in the healthcare sector, driving the growth of the adhesives market in China. China, with its robust healthcare infrastructure and rapidly expanding population, has witnessed a surge in the demand for adhesives in the healthcare industry. Let's delve deeper into the reasons behind this growing demand and its impact on the adhesives market in China. Medical devices, including wound dressings, surgical tapes, and drug delivery systems, require durable and reliable adhesives to ensure effective adherence and patient comfort. As the demand for these medical devices increases, so does the need for specialized adhesives. China, being one of the largest manufacturers of medical devices, has observed a significant rise in the production of these devices, consequently driving the demand for adhesives. Advancements in surgical techniques have led to a shift towards minimally invasive procedures in the healthcare industry. Adhesives play a vital role in these procedures by enabling the secure attachment of medical devices, such as catheters and sensors, within the body. The use of adhesives reduces the invasiveness of surgeries, promotes faster healing, and enhances patient comfort. The growing adoption of minimally invasive procedures in China has resulted in an increased requirement for specialized medical adhesives. Adhesive-based wound dressings have revolutionized wound care management. These dressings provide a barrier against infections, facilitate the healing process, and offer superior flexibility and comfort to patients. The rising prevalence of chronic wounds, such as diabetic ulcers and pressure sores, has spurred the demand for advanced adhesive dressings in China's healthcare sector. This, in turn, has contributed to the growth of the adhesives market. China is undergoing a significant demographic shift, with a rapidly growing aging population. The elderly population is more susceptible to health issues, including chronic wounds and mobility-related problems, which necessitate specialized medical adhesives. As the geriatric population continues to expand, the demand for adhesives in the healthcare industry, particularly in long-term care facilities and hospitals, is expected to rise steadily. The healthcare industry is in a constant state of evolution driven by technological innovations. From wearable medical devices to advanced surgical procedures, these innovations rely on adhesives for successful implementation. China has been at the forefront of technological advancements in healthcare, creating a favorable environment for the growth of the adhesives market. With the increasing demand for adhesives in the healthcare industry, manufacturers in China are concentrating on developing specialized adhesives that meet the stringent requirements of the healthcare sector. These adhesives need to be biocompatible, non-toxic, and possess strong bonding properties. Furthermore, they must adhere to strict quality and safety standards imposed by regulatory authorities.
Key Market Challenges
Volatility in Prices of Raw Material
Raw materials such as resins, solvents, additives, and fillers are crucial components of adhesive formulations. The prices of these raw materials can vary significantly due to factors such as supply disruptions, changes in global demand and supply dynamics, currency fluctuations, and geopolitical events. When the prices of raw materials increase, it directly impacts the production costs for adhesive manufacturers. This can compress profit margins and present challenges in maintaining competitive pricing. Volatility in raw material prices can lead to disruptions in the supply chain. Adhesive manufacturers depend on a steady and consistent supply of raw materials to meet production demands. Sudden price fluctuations can create uncertainty in the market, prompting manufacturers to hoard or engage in panic buying. Consequently, this can disrupt the supply chain, causing production delays and impacting customer orders. The unpredictability of raw material prices poses a significant challenge for adhesive manufacturers in long-term planning and forecasting. Price fluctuations make it difficult to accurately estimate costs and plan for future production requirements. This uncertainty affects decision-making processes, inventory management, and resource allocation. Adhesive manufacturers must continuously monitor and analyze market trends to mitigate the impact of price volatility on their operations. Volatility in raw material prices exerts pressure on profit margins within the adhesive industry. When the cost of raw materials increases, manufacturers must decide whether to absorb the additional costs or pass them on to customers through higher product prices. Balancing profitability and market competitiveness becomes a delicate task. Adhesive manufacturers often find themselves in a challenging position where they must navigate between maintaining reasonable profit margins and meeting customer price expectations.
Key Market Trends
Growing in Technological Advancements
The adhesives market in China has been experiencing significant growth, primarily driven by technological advancements. Notably, electronic adhesives have witnessed a profound impact due to the increasing demand for electronic devices like smartphones, tablets, laptops, wearables, and other consumer electronics. This surge in demand necessitates high-performance adhesives that offer enhanced bonding strength, thermal conductivity, and protection against environmental factors such as moisture. Given China's role as a major electronic manufacturing hub, there exists a substantial market for advanced electronic adhesives in the country. Furthermore, the rollout of 5G technology has emerged as another key driver of technological advancements in the Chinese adhesives market. The assembly of intricate and miniaturized components required by 5G technology demands adhesives with exceptional precision and performance capabilities. In response, adhesive manufacturers are developing specialized formulations that can withstand the rigors of 5G applications, including high-frequency vibrations and extreme temperatures. These technological advancements facilitate the seamless integration of 5G infrastructure and support the development of advanced communication networks. Moreover, technological advancements in the adhesive industry are also fostering a shift towards sustainable adhesives in China. With growing environmental concerns, there is an increasing demand for adhesives that are free from harmful chemicals, volatile organic compounds (VOCs), and other hazardous substances. Adhesive manufacturers are investing in research to develop bio-based adhesives, water-based formulations, and other eco-friendly alternatives. This aligns with China's commitment to sustainable development and the reduction of environmental impact in industrial processes.
Segmental Insights
Resin Type
In 2022, the adhesives market was dominated by the polyurethane and is predicted to continue expanding over the coming years.
End Use Industry Insights
In 2022, the adhesives market was dominated by packaging segment and is predicted to continue expanding over the coming years.
Regional Insights
The South-Central region has established itself as the leader in the China Adhesives Market.
Recent Developments
- In February
2022, Arkema completed the acquisition of Shanghai Zhiguan Polymer
Materials (PMP), a specialized provider of hot-melt adhesives for the
consumer electronics industry.
- Under the
Nuplaviva brand, Arkema introduced a new line of disposable hygiene
adhesive solutions formulated with bio-based renewable materials in
December 2021.
- 3M unveiled
a new generation of acrylic adhesives in October 2021, including the 3M
Scotch-Weld Low Odor Acrylic Adhesive 8700NS Series, 3M Scotch-Weld
Flexible Acrylic Adhesive 8600NS Series, and 3M Scotch-Weld Nylon Bonder
Structural Adhesive DP8910NS.
Key Market Players
- Henkel
(China) Investment Co. Ltd.
- 3M
China Limited
- Huntsman
Corporation
- Beijing
Comens New Materials Co. Ltd.
- Shanghai
Kangda New Materials Co. Ltd.
- Qingdao Winlong Chemical Industrial Co., Ltd.
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By Technology |
By End Use Industry |
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