High-end applications drive the growth of adhesive demand and the process continues to evolve
2023/7/27
In recent years, the global adhesive market has been booming. From 2011 to 2021, the sales volume of the global adhesive market has increased from US$24.3 billion to US$73 billion, with an average annual compound growth rate of 11.6%. Relevant agencies predict that the market will continue to maintain a compound growth rate of 5.6% in the future. Keep improving. From the perspective of consumption area, Asia has become the world's largest adhesive demand area, accounting for about half, and North America and Europe account for nearly 20%. China has entered the world's largest production and consumption of adhesives and sealants, accounting for about one-third of the global adhesives and sealants market, and about two-thirds of the Asia-Pacific adhesives and sealants market.
my country's adhesive industry has shown a continuous and stable development trend in recent years, and the output and sales of adhesives have achieved sustained and stable growth. According to statistics from the China Adhesives and Adhesive Tape Industry Association, the total output of my country's adhesive industry in 2020 will be about 7.09 million tons, with sales of about 100.64 billion yuan, an increase of 4.41% and 3.58% respectively over 2019; in 2021, the total output of my country's adhesive industry will be about 7.632 million tons, with sales of about 110.32 billion yuan, an increase of 7.64% and 9.62% over 2020, of which the export volume and export value increased by 9.13% and 25.42% respectively compared with 2020. Exports are mainly concentrated in manufacturing transfer countries (Vietnam, India and other Southeast Asian countries) and developed countries (the United States, South Korea, etc.).
With the continuous advancement of urbanization, informatization, and industrialization, domestic investment demand, consumption upgrading demand, and ecological environment improvement demand have brought huge room for growth to my country's adhesive market. In the context of the continuous growth of downstream traditional and emerging markets, my country's adhesive industry will continue to develop rapidly. According to the data of the annual meeting of China Adhesives and Adhesive Tape Industry Association, during the "14th Five-Year Plan" period, the development goal of my country's adhesives is an average annual growth rate of 4.2% in production and 4.3% in sales. Application is expected to reach 40%. The demand for adhesives in mid-end applications such as automobiles, energy, electronic information and high-end applications such as aviation, aerospace, ships, semiconductors and other fields is growing rapidly. It is estimated that the output of adhesives will reach 8.55 million tons in 2025.
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