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China's polyurethane adhesive market maintains rapid growth
2023/8/10
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 in my country's polyurethane adhesive market. The rapid development of my country's polyurethane adhesive market is mainly related to the continuous development of the domestic economy, as well as the rapid growth of industries such as automobile manufacturing, furniture manufacturing, and construction industries.
In the context of the continuous growth of downstream traditional and emerging markets, it is expected that in the next few years, my country's polyurethane adhesive market will continue to maintain a rapid growth trend. 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 industry is an average annual growth rate of 4.2% in production and 4.3% in sales. The shortage of high-end domestic products and the surplus of low-end products make the proportion of the output value of high value-added products in the industry reach more than 40%.
Polyurethane adhesive industry characteristics
In recent years, the production scale of polyurethane adhesives in China has gradually expanded, but the product structure is still dominated by low-end products. The research and development of high-end adhesives will be one of the key points of development in the next few years. In addition, the production of polyurethane adhesives is facing the impact of the national environmental protection and energy-saving policies, and the production line needs to be improved. The production growth rate may slow down in the next five years to meet the national energy-saving and consumption-reduction requirements; in the future, as the downstream traditional industries stabilize, emerging industries will thrive. , the consumer demand for polyurethane adhesives will increase.
In the post-epidemic era, the polyurethane rubber industry has been hit hard. In 2022, the operating rate of polyurethane adhesive production in China will be low, and the growth rate of production capacity and output will slow down; with the slowdown of real estate development, the growth rate of consumption demand for construction-related adhesives will slow down. Thanks to the rapid development of domestic emerging industries, there is a large demand for such polyurethane adhesives In 2022, the consumption of polyurethane rubber in China will maintain a relatively stable growth rate.
Consumption Structure of Polyurethane Adhesives
China's polyurethane adhesives are widely used in a wide range of fields, from traditional consumer fields such as building materials, shoemaking, packaging, and automobiles to a series of emerging fields such as electronics, automobiles, aerospace, and new energy fields. Since 2020, affected by the new crown epidemic at home and abroad, the overall economic environment has been sluggish, and the operation of the world's industrial chain and supply chain has been significantly negatively affected. However, China's epidemic control situation is better than expected, and the resumption of work and production is timely and rapid, and the consumption situation has increased throughout the year. In 2022, with the slow growth of the real estate sector, the use of glue in construction, home improvement, building materials, woodworking and home furnishing industries will be affected to a certain extent, and the growth rate will slow down; at the same time, the amount of glue used in emerging fields such as new energy vehicles, power batteries, and new energy power generation will increase Rapid development is the fast lane for the development of polyurethane adhesives in the future.
Industry Consumption Distribution
Among the application fields of polyurethane adhesives, the consumption in the construction field accounted for the highest proportion, reaching more than 26%, followed by the packaging industry, accounting for 25.97%, shoemaking and leather accounting for 20%, and the fields of automobiles, transportation, and woodworking furniture. The ratio ranges from 6-10%.
In the field of automobiles and transportation, the most widely used polyurethane adhesives are mainly one-component moisture-curing polyurethane sealants for assembling windshields; structural adhesives for bonding glass fiber reinforced plastics and sheet molding composites; two-component adhesives for interior parts Divided into polyurethane adhesives and water-based polyurethane adhesives. Automotive interior parts are also an area where adhesive usage is growing. The use of polyurethane adhesives for windshields is also growing rapidly. Of course, this product will also be used in body, interior, instrument, engine and other components. Given the huge number of cars, the consumption in the maintenance market should not be underestimated.
In recent years, due to its excellent bonding properties, polyurethane adhesives have played an increasingly important role in the bonding of aerospace equipment, protection and restoration of cultural relics, military industry, stationery, medical and health care, etc. Polyurethane adhesives are widely used in various fields due to their excellent properties, and have gradually become important synthetic materials in human life. At present, the world's polyurethane adhesive industry is developing in the direction of adapting to environmental protection, safety and sanitation, and resource recovery. my country's polyurethane adhesive industry has also shown a rapid growth momentum, and technology development has also made great progress.
Production Status of China's Polyurethane Adhesive Industry
my country's polyurethane adhesives started in the 1960s. At present, there are more than 400 domestic enterprises producing polyurethane adhesives, among which there are more than 20 manufacturers above designated size, mainly distributed in the southeast coastal areas. At present, the high-end market of polyurethane adhesives in my country is still occupied by multinational chemical giants with scale and technological advantages, such as Henkel of Germany, Dow Corning of the United States, 3M of the United States, and BASF of Germany. Domestic chemical companies above designated size can only compete with multinational chemical giants in some subdivisions of the high-end market, and their overall technical level is slightly behind. However, a large number of small and medium-sized enterprises that produce polyurethane adhesives still rely on the strategy of low-price competition to gain a place in the market, and the competition gradient of the enterprise market is relatively obvious.
In the context of the continuous growth of downstream traditional and emerging markets, it is expected that in the next few years, my country's polyurethane adhesive market will continue to maintain a rapid growth trend. 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 industry is an average annual growth rate of 4.2% in production and 4.3% in sales. The shortage of high-end domestic products and the surplus of low-end products make the proportion of the output value of high value-added products in the industry reach more than 40%.
Polyurethane adhesive industry characteristics
In recent years, the production scale of polyurethane adhesives in China has gradually expanded, but the product structure is still dominated by low-end products. The research and development of high-end adhesives will be one of the key points of development in the next few years. In addition, the production of polyurethane adhesives is facing the impact of the national environmental protection and energy-saving policies, and the production line needs to be improved. The production growth rate may slow down in the next five years to meet the national energy-saving and consumption-reduction requirements; in the future, as the downstream traditional industries stabilize, emerging industries will thrive. , the consumer demand for polyurethane adhesives will increase.
In the post-epidemic era, the polyurethane rubber industry has been hit hard. In 2022, the operating rate of polyurethane adhesive production in China will be low, and the growth rate of production capacity and output will slow down; with the slowdown of real estate development, the growth rate of consumption demand for construction-related adhesives will slow down. Thanks to the rapid development of domestic emerging industries, there is a large demand for such polyurethane adhesives In 2022, the consumption of polyurethane rubber in China will maintain a relatively stable growth rate.
Consumption Structure of Polyurethane Adhesives
China's polyurethane adhesives are widely used in a wide range of fields, from traditional consumer fields such as building materials, shoemaking, packaging, and automobiles to a series of emerging fields such as electronics, automobiles, aerospace, and new energy fields. Since 2020, affected by the new crown epidemic at home and abroad, the overall economic environment has been sluggish, and the operation of the world's industrial chain and supply chain has been significantly negatively affected. However, China's epidemic control situation is better than expected, and the resumption of work and production is timely and rapid, and the consumption situation has increased throughout the year. In 2022, with the slow growth of the real estate sector, the use of glue in construction, home improvement, building materials, woodworking and home furnishing industries will be affected to a certain extent, and the growth rate will slow down; at the same time, the amount of glue used in emerging fields such as new energy vehicles, power batteries, and new energy power generation will increase Rapid development is the fast lane for the development of polyurethane adhesives in the future.
Industry Consumption Distribution
Among the application fields of polyurethane adhesives, the consumption in the construction field accounted for the highest proportion, reaching more than 26%, followed by the packaging industry, accounting for 25.97%, shoemaking and leather accounting for 20%, and the fields of automobiles, transportation, and woodworking furniture. The ratio ranges from 6-10%.
In the field of automobiles and transportation, the most widely used polyurethane adhesives are mainly one-component moisture-curing polyurethane sealants for assembling windshields; structural adhesives for bonding glass fiber reinforced plastics and sheet molding composites; two-component adhesives for interior parts Divided into polyurethane adhesives and water-based polyurethane adhesives. Automotive interior parts are also an area where adhesive usage is growing. The use of polyurethane adhesives for windshields is also growing rapidly. Of course, this product will also be used in body, interior, instrument, engine and other components. Given the huge number of cars, the consumption in the maintenance market should not be underestimated.
In recent years, due to its excellent bonding properties, polyurethane adhesives have played an increasingly important role in the bonding of aerospace equipment, protection and restoration of cultural relics, military industry, stationery, medical and health care, etc. Polyurethane adhesives are widely used in various fields due to their excellent properties, and have gradually become important synthetic materials in human life. At present, the world's polyurethane adhesive industry is developing in the direction of adapting to environmental protection, safety and sanitation, and resource recovery. my country's polyurethane adhesive industry has also shown a rapid growth momentum, and technology development has also made great progress.
Production Status of China's Polyurethane Adhesive Industry
my country's polyurethane adhesives started in the 1960s. At present, there are more than 400 domestic enterprises producing polyurethane adhesives, among which there are more than 20 manufacturers above designated size, mainly distributed in the southeast coastal areas. At present, the high-end market of polyurethane adhesives in my country is still occupied by multinational chemical giants with scale and technological advantages, such as Henkel of Germany, Dow Corning of the United States, 3M of the United States, and BASF of Germany. Domestic chemical companies above designated size can only compete with multinational chemical giants in some subdivisions of the high-end market, and their overall technical level is slightly behind. However, a large number of small and medium-sized enterprises that produce polyurethane adhesives still rely on the strategy of low-price competition to gain a place in the market, and the competition gradient of the enterprise market is relatively obvious.
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