Chinese Adhesives Market to Grow 10%
The Chinese adhesives market is expected to witness a compound annual growth rate (CAGR) of 10.2% during 2014-2019, with the market for structural adhesives advancing at a CAGR of around 15% during the same period, according to “China Adhesives Market Forecast and Opportunities, 2019,” a recent report from Research and Markets. The major structural or engineering adhesives available in China include polyurethane, epoxies, acrylic and silicones.
High demand for structural adhesives can be attributed to growth in the country’s automotive and transportation sectors. The application of adhesives in these industries is expected to further increase, due to their various highly beneficial properties like light weight, corrosion resistance, and excellent bonding strength. In 2012, China completed the construction of high-speed railway lines, a project that involved large-scale consumption of polyurethane adhesives. The construction or infrastructure industry is another major end-use industry for adhesives.
For more information, visit www.researchandmarkets.com.