Structural adhesive is a sort of adhesive with high strength and high performance among adhesives, consisting mainly of silicone structural adhesive, epoxy structural adhesive, polyurethane adhesive, etc.
Along with the development of industries such as real estate, automobile, photovoltaic (PV) and electronics & appliances in China over the recent years, Chinese structural adhesive market size grows rapidly. In 2013, China’s output of structural adhesives approximated 589.3kt and achieved the revenue of RMB15.1 billion, among which the output of silicone structural adhesive, being still the largest segmented product category in Chinese structural adhesive market, accounted for roughly 44.7% in 2013.
The world’s renown adhesive producers such as H.B. Fuller, Henkel, 3M, Sika, and Cytec Industries sweep the most shares of Chinese structural adhesive market due to their complete product mix and advanced technologies. Additionally, those multinational corporations still have been aggressively increasing their investments in China, in a bid to hold more market shares. Take Henkel for example, it established the world’s largest industrial adhesive plant with production capacity of 428kt/a (targeted at the demand for adhesives from automotive field and sundry consumer goods in China and other Asia-Pacific regions) in Shanghai in 2013.
Most local Chinese structural adhesive enterprises were established in the period between 1980s and 1990s. Although with a late start, they have been developing rapidly and some of them such as Huitian Adhesive, Shanghai KangDa New Materials Co., Ltd, Chengdu Guibao Science & Technology Co., Ltd., Beijing COMENS New Material Co., Ltd., Hangzhou Zhijiang Silicone Chemicals Co., Ltd, and Guangzhou Xinzhan Silicone Co., Ltd have been the competitors challenging overseas counterparts in some market segments.
Silicone structural adhesive market：as the production capacity of the industrial players like Chengdu Guibao Science &...