2027 China's adhesive market is expected to reach 150 billion

According to FORTUNE BUSINESS INSIGHTS, the global adhesives and sealants market size in 2019 is about 47.28 billion U.S. dollars (equivalent to approximately 309.4 billion yuan), and is expected to reach 66.44 billion U.S. dollars (equivalent to approximately 435 billion yuan) by 2027.

And China has a pivotal position in the global adhesive industry, and the market size accounts for about one-third of the world. Based on this forecast, China's adhesives and sealants market is expected to reach 150 billion yuan in 2027!

Statistics show that the total output of China's adhesive industry in 2019 was about 6.7904 million tons, with sales of about 97.159 billion yuan, an increase of 7.54% and 6.39% respectively over 2018. This means that in the next 5-7 years, China's adhesive market will continue to develop rapidly and has huge room for growth!

Continuous optimization of product structure in the domestic market
Environmentally friendly, high-performance adhesive materials are favored

With the continuous strengthening of the country's supervision of VOC emissions and the emission of toxic and hazardous substances, severely cracking down on "scattered and polluting" enterprises, users of adhesives and sealants have begun to look for solvent-free, low-volatility environmentally friendly adhesive products to replace. This will bring about continuous optimization of the structure of adhesive products, and the gradual decline in the consumption of traditional adhesives containing volatile solvents. The market will open up a broad world for environmentally friendly, high-performance products.

During the "14th Five-Year Plan" period
Development goals of adhesives in China

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 output and an average annual growth rate of 4.3% in sales; the development goal of my country's adhesive tape is an average annual growth rate in output of 4.5%, sales The average annual growth rate is 4.2%. Strive to change the high-end shortage and low-end surplus of domestic products by the end of 2025, so that the proportion of high value-added products in the industry will reach more than 40%.

In the next five years, the strategic emerging markets of the adhesive and adhesive tape industry mainly include: automobiles, new energy, intercity high-speed railway and urban rail transit, prefabricated buildings, green packaging, medical equipment, sports and leisure, modern logistics, household Electrical appliances, consumer electronics, 5G construction, car charging piles and other assembly manufacturing.