Adhesives market in China set to cross 11-mt by 2020

摘要

The adhesives market in China is forecast to surpass 11-mt by 2020 driven by growing demand from automobile, construction and packaging sectors. This was revealed in a TechSci Research report released recently. Adhesives find application across various industries such as construction, automobile, packaging, woodworking, etc. China's adhesives market is fragmented and highly competitive comprising over 3,000 players. Henkel China, 3M China, H.B Fuller China, Sika China and Dow China are few of the leading players operating in China. Other major regional players include Bostik Findley China, Huntsman Corporation and Bei- jing Comens New Materials Co. Ltd. Rising investments by Chinese government in construction projects such as railways, airports, etc. coupled with expansion of automotive manufacturing plants in the country is forecast to drive the adhesives market in China through 2020.