my country’s hot melt adhesive sales volume is gradually increasing, and local companies are gradually extending to the high-end market

Hot melt adhesive is the abbreviation of hot melt adhesive. It is a plastic adhesive. Within a certain temperature range, its physical state changes with temperature changes, but its chemical properties do not change. Since hot melt adhesive does not use any toxic solvents in the production and application process, it has the advantages of being non-toxic, odorless, and not polluting the environment, so it is also called “green glue”. After years of development, the types of hot melt adhesives have become increasingly rich and have various classification methods. According to different materials, hot melt adhesives can be roughly divided into polyamide hot melt adhesives, PU hot melt adhesives, EVA hot melt adhesives, TPR hot melt adhesives, polyester hot melt adhesives, etc.; according to different product shapes, hot melt adhesives can be roughly divided into It is divided into hot melt glue granules, hot melt glue film, hot melt glue stick, hot melt glue block, etc.

At present, my country’s hot melt adhesive industry chain has basically been formed. The upstream of the industrial chain is mainly the raw material industry, providing antioxidants, EVA, TPR, plasticizers, fillers and other raw materials; the midstream is mainly the hot melt adhesive production industry, responsible for the production and manufacturing of different types of hot melt adhesives; the downstream is mainly for Application fields: It is mostly used in packaging, electronic products, automobiles, printing, home decoration, sanitary products and other fields.

In recent years, my country’s economic level has gradually improved, and the number of online shoppers has gradually increased, which has promoted the continuous increase in express delivery business volume. According to data released by the China Post Bureau, in 2022, my country’s express delivery business volume will complete 110.58 billion pieces, a year-on-year increase of 2.10%. As an essential material in express circulation, packaging mainly plays a role in protecting products and facilitating transportation. With the continuous development of my country’s rapid logistics market, the demand for packaging market has grown steadily. However, due to the impact of the epidemic, my country’s packaging industry has been affected to a certain extent, and its operating income has shown a gradual downward trend. According to data released by the China Packaging Federation, in 2022, the cumulative operating income of enterprises above designated size in my country’s packaging industry was 1.2293 billion yuan, a year-on-year decrease of 0.70%. As the upstream of the packaging industry, hot melt adhesive’s market has been affected to a certain extent.

According to the “In-depth Market Research and Investment Strategy Suggestions Report on Hot Melt Adhesive Industry 2023-2027” released by the Industrial Research Center, hot Melt adhesive has been widely used in packaging, printing, home decoration and other fields due to its advantages of high bonding strength, good flexibility and fast curing speed. With the continuous advancement of production technology, the performance of hot melt adhesives is getting better and better, and its application fields are gradually broadened, driving its market demand to gradually grow. Against this background, the sales volume of hot melt adhesives in my country has gradually increased. According to data released by the China Adhesive and Adhesive Tape Industry Association, in 2022, my country’s hot melt adhesive sales volume will be 1.3202 million tons, with an annual growth rate of 12.04%.

Industry analysts said that currently, there are a large number of companies in my country’s hot melt adhesive market and the market competition is fierce. The main foreign hot melt adhesive companies include 3M, Henkel, Bostik, Fuller, Uward, etc. The major domestic hot melt adhesive companies include Wanli Adhesive, Tianyang New Materials, Jiahao Hot Melt Adhesive, and Renhe Hot melt adhesive, Lushan new materials, Jingun new materials, etc. In the early days, my country’s hot melt adhesive companies lacked independent research and development capabilities and relatively backward production technology. Most of my country’s high-end markets were occupied by foreign companies. With the gradual rise of hot melt adhesive companies in my country, production technology has gradually improved, product quality has gradually improved, market competitiveness has gradually increased, and it will gradually extend to the high-end market in the future.