- The key vendors in the Adhesives and Sealants Market in China 2015-2019 are Ashland Inc., Evonik Industries, H.B. Fuller Co., Henkel AG & Co. KGaA, Hubei Huitian Adhesive Enterprise Co. Ltd., Shanghai KangDa New Materials Co. Ltd., Wacker China (Wacker Chemie AG), WUXI WanLi Adhesion Materials Co. Ltd., Yong Yi Adhesive (Zhongshan) Co. Ltd. And Zhejiang Yonghe Adhesive Products Co. Ltd.
London, 26 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Adhesives and Sealants Market in China 2015-2019. Growing popularity of high temperature adhesives and sealants, including epoxy, polyurethane (PU), polyacrylate emulsion (PAE), and silicone for use in new and traditional applications such as in the automotive, aerospace, and marine sectors boosts market growth. The adhesives and sealants market in China is expected to grow at a fast pace during the forecast period of 2014-2019, posting a CAGR of 12.47% in terms of volume.
Growing demand and popularity of high-temperature adhesives in the industrial and commercial sectors in China is expected to contribute to market growth over the forecast period. Also, the market would benefit from the increased government support, resulting in an increase in the number of small adhesive enterprises.
“Owing to the penetration of adhesives and sealants for new and advanced applications, the market in China has witnessed an increase in demand for specialty adhesives,” says Faisal Ghaus, Vice President of Technavio Research.
“With these adhesives and sealants also gaining popularity among players in the medical sector for use in surgical and dental procedures, their increased use will significantly benefit the market during the forecast period.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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