Adhesives are one of the indispensable materials in modern industry. They generally have modes of action such as adsorption, chemical bond formation, weak boundary layer, diffusion, electrostatic, and mechanical effects. They are of great significance to modern industry and life. Driven by technology and the growth of market demand, the overall adhesive industry has been in a stage of rapid development in recent years.
Current status
With the development of modern industrial construction and advanced technology and the improvement of social economy and living standards, the role of adhesives in people’s daily life and production has become increasingly irreplaceable. The global adhesive market capacity will reach 24.384 billion yuan in 2023. Analysis of the current situation of the adhesive industry predicts that by 2029, the global adhesive market size will reach 29.46 billion yuan, growing at an average annual compound growth rate of 3.13% during the forecast period.
According to statistics, 27.3% of China’s adhesives are used in the construction industry, 20.6% are used in the packaging industry, and 14.1% are used in the wood industry. These three account for more than 50%. For cutting-edge fields such as aviation, aerospace, and semiconductors, there are very few domestic applications. The application of China’s adhesives in mid- to high-end fields will further grow during the “14th Five-Year Plan”. According to data, China’s adhesive development goals during the “14th Five-Year Plan” period are an average annual growth rate of 4.2% for output and an average annual growth rate of 4.3% for sales. Applications in mid-to-high-end fields are expected to reach 40%.
Some domestic adhesive companies have emerged in the mid-to-high-end market through continuous investment in R&D and technological innovation, forming strong competition with foreign-funded companies and achieving localized substitution of some high-end products. For example, Huitian New Materials, Silicon Technology, etc. have become highly competitive in market segments such as microelectronics adhesives and touch screen adhesives. The time gap between new products launched by domestic and foreign companies is gradually narrowing, and the trend of import substitution is obvious. In the future, high-end adhesives will be produced domestically. The conversion rate will continue to increase.
In the future, with the continued development of the global economy and the growing demand for adhesives in various application fields, the adhesive market will continue to grow. At the same time, trends such as green environmental protection, customization, intelligence and biomedicine will lead the future development direction of the industry. Enterprises need to pay close attention to market dynamics and technological development trends, and strengthen R&D investment and technological innovation to meet market demand and enhance competitiveness.
Prospect
According to statistics, the average growth rate of China’s adhesive production will be more than 4.2% and the average sales growth rate will be more than 4.3% from 2020 to 2025. By 2025, adhesive production will increase to about 13.5 million tons.
During the 14th Five-Year Plan period, strategic emerging markets for the adhesive and adhesive tape industry mainly include automobiles, new energy, high-speed railways, rail transit, green packaging, medical equipment, sports and leisure, consumer electronics, 5G construction, aviation, aerospace, ships, etc. field.
In general, the demand for high-end products will increase dramatically, and functional products will be irreplaceable new favorites in the market.
Nowadays, as environmental protection policy requirements become more and more stringent, the need to reduce VOC content in adhesives will become more urgent, and industrial development and environmental protection must be coordinated. Therefore, it is of great significance to carry out diversified modifications (such as functional graphene modification, nano-mineral material modification, and biomass material modification) to promote the development of energy-saving and environmentally friendly adhesive products.
Post time: Jan-21-2025