Chemical Processing
China's Adhesives & Sealants Market Drives Investments
Industrial Info is tracking more than 160 active projects worth almost US$7 billion aimed at adhesives and sealants manufacturing in China.
Released Thursday, May 30, 2024
Reports related to this article:
Project(s): View 1 related project in PECWeb
Plant(s): View 1 related plant in PECWeb
Researched by Industrial Info Resources (Sugar Land, Texas)--China's role as a growing global manufacturing market has led to a significant increase in the manufacturing of adhesives and sealants. Owing to the heightened demand from the building and construction industry, these key materials are being used extensively in carpeting, tiling, wallpapers and insulating glass. As the world's largest construction market, accounting for 20% of worldwide construction investment, China is investing significantly in the production of adhesives and sealants.
Apart from the construction industry, demand is further propelled by the packaging industry, with China emerging as the largest global packaging market. Additionally, the country's distinction as world's top exporter of footwear and its growing furniture market have led to more bonding and joinery. Some of the other factors, including general aviation opportunities in the aerospace industry, growth in electric vehicles and use of automation and robotics, contribute to this demand.
Despite a post-COVID slowdown in economic and construction activity, the country's national development targets like China Standards 2035, Made in China 2025, the Belt and Road initiative, and the New Infrastructure initiatives are expected to boost construction, which in turn is expected to further strengthen the demand for adhesives and sealants.
Industrial Info is tracking more than 160 active projects worth almost US$7 billion aimed at adhesives and sealants manufacturing in China. About 75% of this spending is geared toward grassroot developments while 23% is focused on unit additions. Maximum spending (more than US$3 billion) is concentrated in the provinces of Jiangxi, Jiangsu and Anhui. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports.
As one of the leading investors, Shenzhen Kehong Investment Company Limited (Suqian, China) is investing in a grassroot project aimed at producing 2,000 metric tons per year of adhesives in Suqian. This project is under construction and will reach completion by January 2026. Subscribers can click here to learn more.
Overall, projects with 37% of the spending are in the planning phase, about 26% are being engineered, and 37% are under construction. A majority of projects will reach fruition by the end of 2027.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
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