Xiamen Lend Adhesive Tape Co.,Ltd

1. my country's adhesives and sealants market

1. Market overview

my country's economic development has gone from extensive to today's high-quality development stage. In the sustainable high-quality development and transformation of our industry, the market has also undergone significant changes. In the past 2020, my country's GDP growth rate was 2.3%, making it the only major economy in the world to achieve positive economic growth. The total GDP also achieved a historic breakthrough of one trillion yuan. In 2020, the total output of adhesives in my country reached 7.090 million tons, and the sales exceeded 100 billion yuan for the first time, reaching 100.64 billion yuan, an increase of 4.41% and 3.58% over 2019, respectively.
According to the statistics of China Adhesive and Adhesive Tape Industry Association, the classification statistics of my country's adhesives and sealants in 2020 are shown in Table 1.

In 2020, water-based adhesives experienced a difficult year, and the output of two varieties (polyvinyl acetate emulsion, polyurethane dispersion) declined. The main reason is the change in the price of water-based collagen materials. In addition, because the market applications of polyacrylate emulsion, white latex and VAE emulsion products are mutually substitutable, polyacrylic acid emulsion adhesives have grown rapidly. Based on the price in January 2020, the price fluctuation of butyl acrylate in 2020 will be -18%~45%, the price fluctuation of vinyl acetate will be -15%~53%, and the fluctuation range of MDI will be -20%~119%; The situation in half a year is still not optimistic, and the price of vinyl acetate has increased by 146%.

Solvent-based adhesives performed well in the overall market in 2020, with sales up 4.3% and sales up 6.4%. The main growth driver comes from the growth of solvent-based acrylate pressure-sensitive adhesives and SBS all-purpose adhesives, while neoprene adhesives have declined for nine consecutive years due to raw material prices and VOC issues. SBS all-purpose adhesive is mainly used in architectural decoration, upholstered furniture and shoemaking.