Rising Packaging and Construction Industry, Promotion of Green Adhesives and Increasing Competition to Support China Adhesive Market Growth

China Adhesives market will continue to grow at a considerable pace in the next few years owing to performance of end user industries, influx of foreign capital and reduced dependency on imports. The market is predicted to grow at a CAGR of ~% from 2015-2020 and is expected to reach USD ~ billion by 2020. This industry is expected to find a growing demand from the industrial sector in the future on account of enhancing packaging, automobile and construction industry. Rising consumer awareness among the people about the benefits of using adhesives for day to day purposes will continue to escalate the growth of adhesives market in China. The increasing expenditure on R&D by companies aiming to explore the possibility of innovative products which are simple to use, cost-effective is expected to boost the market growth in the future.

China adhesive industry has witnessed a trend of growing demand for environmentally friendly products as a result of augmented environmental consciousness of consumers. In order to meet this demand, manufacturers in the industry have been investing in technological research and development so as to reduce their environmental footprint and enhance the environmental compatibility of adhesives. With increasing environmental consciousness among consumers in the China adhesive industry the government of the country has also started exercising stringent control over the environmental footprint of manufacturers in the industry

“Governmental reforms such as increased efforts promote green adhesives, strict regulation about the quality of products being produced, stringent regulation and norms for environmental standards, are anticipated to give a boost to the adhesives market. Factors such as Lack of infrastructure facilities, enhancing competition are few of the major challenges which will affect the growth of this industry in the future”, according to the Research Analyst, Ken Research

The report titled “China Adhesives Market Outlook to 2020” provides detailed overview on the adhesives market. This report helps reader to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for adhesives manufacturers, wholesalers of adhesives, retail chains and new players and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

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