Continuing growth in automobile production and the construction of energy-efficient buildings has given a boost to the adhesive industry, boosting demand for the glues used in various applications. In addition, the rapid development of 5G technology and artificial intelligence and the rise in the new technologies of electronics, aerospace, flexible packaging, and new energy vehicles will also expand the demand for high-performance adhesives.
In order to meet the increasing market needs, Chinese adhesive manufacturers have invested heavily in research and development, with some companies putting up to 10% of their revenue towards R&D. They also have low production costs, which allows them to offer competitive prices to the global market. These factors have enabled them to become major players in the adhesive industry, despite the competition from well-established multinational companies.
The global structural adhesive market is dominated by several companies. Some of the most successful are H.B. Fuller, Henkel, 3M, and Sika Industries. These multinational corporations are constantly expanding their operations in China, as they strive to increase their share of the market. However, they must compete with local companies that are also gaining a foothold in the industry.
Most of the major China Adhesive Manufacturers focus on producing a variety of adhesive products for different industries. For example, Yantai Hightite Chemicals produces some of the best UV-curable adhesives in the country. These adhesives are ideal for bonding plastic, glass, and metal to each other. They are suitable for medical equipment, LCM and LCD modules, and optical lens bonding.
Many of the large Chinese adhesive manufacturers are also focusing on developing eco-friendly adhesives that will not harm the environment. They are using high-solid solvents that are low in volatile organic compounds to develop their products. These green adhesives are safer for manufacturing personnel and non-toxic for end users. They are also free from off-gassing chemicals and do not require special disposal procedures.
While some synthetic glues are still popular in the industry, there is a growing trend toward eco-friendly adhesives. This is due to safety concerns over the toxic materials in some synthetic glues, as well as the increasing emphasis on environmental sustainability. Several major construction and adhesive companies are now offering eco-friendly glues, including Taizhou Sanmen Sundebao Industry & Trade Co., Ltd.
Besides the major players, there are also numerous SMEs in the industry. These companies specialize in specific products, such as high-temperature adhesives or medical adhesives. They are able to compete with their larger counterparts by offering customized solutions and providing excellent customer service. These companies are a great option for businesses that want to avoid the high price of imported products and gain a competitive edge in their respective markets. SMEs also have the added benefit of being able to provide fast turnaround times. This can be crucial in a rapidly changing marketplace. These SMEs are especially useful in the case of new products or projects that need to be developed quickly. They can help their customers develop prototypes and test them out to determine if the adhesive will work in the real world before launching a production run.