China's synthetic binder production will reach 6.3 million tons

According to forecasts by market research company in Dublin, Ireland, China's synthetic adhesive production will reach 6.3 million tons in 2009. In the past 10 years, the demand for the adhesive market in China has been rapidly developed, and it is expected that the output and demand will continue to grow rapidly in the next 10 years. This study has carefully analyzed China’s macroeconomic development trends, investment environment, industrial development, supply and demand, Industrial production capacity and industrial structure. In the past 20 years, China's synthetic adhesives industry has experienced relatively rapid growth, as demand has continued to grow. With the support of the government's priority development strategy, China has made great strides in synthesizing adhesive remanufacturing technology, product development and production equipment. .

In 2004, the output of synthetic adhesive in China exceeded 3.8 million tons, and the average annual growth rate since 1994 was 12.7%. It is expected that the output will reach 6.3 million tons in 2009, but it still cannot fully meet domestic demand, especially high-grade and high-performance requirements. The product gap is even greater. Therefore, China still needs to import a considerable amount of synthetic adhesive products in the next five years. The main adhesive end markets include the construction industry, wood processing, automotive, packaging, textiles, footwear, etc. The two fastest growing industries, especially construction and automotive, will continue to lead the rapid growth of China's synthetic adhesives industry. , China's synthetic adhesive industry will focus on the development of high-performance and environmentally friendly adhesives.



Source: Universal Polyurethanes