Brief introduction of Asian adhesive market (1)
Wuxi YINYAN is specialized in offering adhesive planetary mixing equipment for 10 years, including double planetary mixer, dual-shaft mixer, tri-shaft mixer, extruder, etc. YINYAN focuses on the adhesive domestic and overseas market, a brief introduction of Asian adhesive market is as below:
The extract below is from CCPIT website.
In order to reduce production cost and expand market share, maintain a leading position in the global market, those transnational corporations, that dominate the medium and high-end adhesive industry, begin to carry out a series of merging and reorganization in Asia. The production and consumption core of global adhesive market shift to Asia gradually. With the introduction of a series of environmental policies and user awareness increasing of environmental protection, the adhesive market in Asia is developing towards environmental friendliness and high performance. Those including solvent-free type, water-based type, and reactive thermo-melting type substitute VOC high, toxic category, which become an important feature of Asian adhesive market.
South Korea: steady growth in the market and increased investment in R&D of high-performance products
According to statistics, the adhesive market in South Korea has maintained a steady growth in the past two years, and the trend will continue. The market size is expected to reach $2 billion by the end of 2018. The fastest growth is functional adhesive type applied in industries such as electrical and electronics, cars, footwear and shipbuilding. It is expected that the investment and R&D of raw materials and intermediates will increase in the coming years to further improve adhesive formulations. Meanwhile, in terms of technology development, the companies will focus on the high-performance products such as environmental adhesive, water-based emulsion, hot melt adhesive, reactive adhesive, etc. to better meet the demands of leading industries including electric, automobile, etc.
Year | Output (metric tons) | Sales Volume (million US$) |
Growth Rate (%)
Output / Sales Volume
|
2016 | 648,552 | 1,996 | 5.2 / 5.4 |
2015 | 616,494 | 1,894 | 3.6 / 3.8 |
2014 | 595,211 | 1,824 | 0.7 / 0.8 |
2013 | 590,863 | 1,809 | 1.7 / 1.2 |
2013 | 581,037 | 1,787 | 2.5 / 2.6 |
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