Structure adhesive is a kind of high value-added adhesive with higher
technical content and higher conditions for production and application than
average adhesives. In 2007-2011, China's output of structure adhesive
presented a CAGR of 16.6%, higher than the growth rate of 13.6% of the
adhesive industry in the same period. In 2012, China had a total of nearly 300
professional structure adhesive manufacturers with the output rising by 19.6%
year-on-year to 453,000 tons. In particular, silicone adhesive, epoxy adhesive
and PU adhesive were the three that enjoyed highest output, with the combined
proportion as high as 90% or more.
Driven by the robust demand from downstream building, wind power and
automotive manufacturing sectors as well as the advances in industrial
technology, China-made structure adhesives, especially top-grade special
adhesives with silicone adhesive, epoxy adhesive and PU adhesive as base
materials, are expected to see an AAGR of 15%-20% when it comes to output
China's Output of Structure Adhesive and YoY Growth Rate, 2007-2012
Source: CNIA;ResearchInChina China Structure Adhesive Industry Report, 2012-2015
At the early stage, the development of Chinese structure adhesive industry was
heavily reliant on the introduction of overseas technologies and was long
monopolized by foreign brands such as Fuller, Henkel, Momentive, 3M and Sika.
However, after several decades of years of development, domestic players
including Huitian Adhesive, Shanghai KangDa New Materials, Chengdu Guibao
Science & Technology and TONSAN Adhesive have been provided with competitive
technological R&D and independent innovation capabilities, seizing
considerable share in some market segments. A case in point is Huitian
Adhesive, which is one of major suppliers in automotive adhesive field with
the revenue in 2012 hitting RMB226 million. Another case is Shanghai KangDa
New Materials, which is leader in wind power epoxy adhesive industry of China
with the market share in 2012 high up to 41%.
In addition, given the great confidence in Chinese market and business
strategies, international tycoons like Henkel continue their hefty investment
in China. In early 2011, Henkel launched the world's largest adhesive plant
project-“Long Project” which was conducted in three phases.
Elaborately, the first phase of 270,000 tons/a industrial adhesive and metal
surface treatment agent project is estimated to be put into production in
mid-2013; the second phase of 140,000 tons/a automotive, general industry and
adhesive for civilian use is expected to be finished in 2014H1 after the
environmental assessment result was published in Aug.2012.
The report highlights the followings:
Operating environment, status quo, competition pattern, demand & supply,
import & export and prospect of China structure adhesive industry;
Status quo, demand & supply and development outlook of China structure
adhesive market segments such as silicone, epoxy and PU adhesives.
Operation, adhesive business and prospects of 8 international and 9
Chinese structure adhesive companies.
STUDY GOAL AND OBJECTIVES
This report provides the industry executives with strategically significant
competitor information, analysis, insight and projection on the competitive
pattern and key companies in the industry, crucial to the development and
implementation of effective business, marketing and R&D programs.
To establish a comprehensive, factual, annually updated and cost-effective
information base on market size, competition patterns, market segments, goals
and strategies of the leading players in the market, reviews and forecasts.
To assist potential market entrants in evaluating prospective acquisition
and joint venture candidates.
To complement the organizations' internal competitor information gathering
efforts with strategic analysis, data interpretation and insight.
To suggest for concerned investors in line with the current development of
this industry as well as the development tendency.
To help company to succeed in a competitive market, and understand the
size and growth rate of any opportunity.
Both primary and secondary research methodologies were used in preparing this
study. Initially, a comprehensive and exhaustive search of the literature on
this industry was conducted. These sources included related books and
journals, trade literature, marketing literature, other product/promotional
literature, annual reports, security analyst reports, and other publications.
Subsequently, telephone interviews or email correspondence was conducted with
marketing executives etc. Other sources included related magazines, academics,
and consulting companies.
The primary information sources include Company Reports, and National Bureau
of Statistics of China etc.
Table of Contents
Table of Contents
1. Overview of Structural Adhesive
1.1. Definition and Classification of Adhesives
1.2. Definition and Classification of Structural Adhesive