Market Status Of China's Adhesives And Sealants Industry
In 2018, China's adhesives and adhesive tape industry still achieved good results through continuous adjustment of industrial structure, continuous technological innovation, rapid improvement of product quality, and efforts to expand application areas. The development of the gluing industry presents the following three distinct characteristics: the overall economic operation is stable, the quality and efficiency are continuously improved, and the profit and loss differentiation continues to coexist.
Sales volume: growth trend is good, industrial restructuring brings market differentiation
According to the statistics of the China Adhesives and Adhesive Tape Industry Association, the adhesives and sealants industry in China has maintained a growing momentum in 2013-2017. In 2017, the sales volume and sales volume of adhesives and sealants were 7.887 million tons and 98.78 billion yuan, respectively, up 7.5% and 10.1%. This fully demonstrates that in the face of severe situation and difficult challenges in 2017, China's adhesive industry has continuously improved its quality control and technical management level, industrial structure adjustment has steadily advanced, and the technical foundation for industry development has been further enhanced.
Sales volume, sales and growth rate of adhesives and sealants in 2013-2017
The types of adhesives with faster sales in China are: epoxy resin adhesive, silicone adhesive, SBC hot melt adhesive, polyolefin hot melt adhesive, and EVA hot melt adhesive. Sales of solvent-based chloroprene adhesives, solvent-based SBS adhesives, cyanoacrylate adhesives, anaerobic adhesives, and polysulfide sealants all declined. This reflects that in recent years, industrial restructuring has brought about market differentiation. “Modified, water-based adhesives and new hot melt adhesives” have been encouraged and supported by the national industrial policy, and have also been sought after by the market. The development of solvent-based products has been significantly limited.
Import and export: the export situation changes, the United States becomes the largest exporter
In 2017, the scale and demand of China's adhesive market further expanded. While the quantity and amount of imported products grew steadily, the export situation also experienced important changes. The quantity and amount of export products showed significant growth. According to China's customs statistics, in 2017 China's adhesive exports amounted to 602,400 tons, an increase of 22.44% over 2016. In the same period, the import volume of adhesives was 208,800 tons, an increase of 1.85% over 2016.
From the perspective of importing countries, the top 10 countries/regions with the highest number of adhesive imports in China in 2017 are: Japan, Taiwan, Jinma Customs Zone, South Korea, Germany, the United States, Malaysia, Italy, France, Singapore, Switzerland. At the same time, imports from the top 5 countries accounted for 79.0% of the total annual imports, indicating that the source of imports is very concentrated;
From the perspective of exporting countries, the top 10 countries/regions with the largest number of adhesive exports in China in 2017 are: the United States, Vietnam, India, Indonesia, Japan, Thailand, Hong Kong, South Korea, Taiwan, and the Philippines. The export volume of the top 10 countries accounted for 49.8% of the total annual export volume, indicating that the exporting countries are very scattered. In 2017, the growth rate of China's adhesive exports to the United States and Vietnam reached 144.7% and 21.5% respectively, and the United States became the largest exporter.
Application market: construction / construction / civil engineering / decorative technology is the largest application area
The fastest growing application areas for the adhesives application market are construction/construction/civil engineering/decoration processes, which account for 30% of the total application market, while packaging and label adhesives account for 21.6%, and woodworking and joinery products account for 14.0%. Transportation glue accounted for 7.7%. Fiber processing, assembly operations, paper processing and bookbinding, shoemaking and leather account for 5.5 to 6.7% respectively.
In recent years, China's adhesive application fields have been continuously expanded, and it has expanded from a wide range of industries, including building materials, wood processing and packaging, to aerospace, electronics, transportation, medical and health, clothing, light industry, machinery manufacturing and many other fields. The demand for high-end adhesive products will also increase in the future.
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Contact: Vivian Lin