Dublin -- Research and Markets' new study, 'China Structural Adhesive Industry Report, 2011-2012' indicates that at the end of 2011 there were over 280 manufacturers of structural adhesives in China, with a total output of 386 kilotonnes. This represents a year on year increase of 17.1 percent, accounting for more than 7 percent of the adhesive output over the same period, R&M says.
Organic silicone has the largest share of China's structural adhesive market at 150 kt in 2011, or 38.9 percent; epoxy and polyurethane had 34 percent and 18 percent, respectively, says an R&M statement.
Construction, automotive, new energy (wind power and photovoltaic) and electrical & electronics are still the main applications in China for structural adhesives, says R&M. Nevertheless, following rapid development of wind power, photovoltaic, new energy vehicles and other emerging markets, the group says future use will shift towards these areas.
In structural adhesives, unlike with ordinary adhesives, the Chinese market is highly concentrated. Foreign enterprises or joint ventures occupy most of the mid to high-end of the market by virtue of their strong product structure and leading technology, but domestic enterprises also hold a significant share in some segments.
UTI has not seen this report and can make no judgement on its contents.