According to the data, the global adhesive market space in 2012 reached 30.1 billion US dollars, is expected to reach 39.2 billion US dollars in 2019. Packaging industry applications which the largest market in 2012 about 10.5 billion US dollars, accounting for 35% in 2019 is expected to reach 13.8 billion US dollars. The main growth point is expected in the packaging, assembly and transportation industries. By region, the Asia-Pacific region for the world's largest adhesive market, the Asia-Pacific market in 2012 accounted for 31%, about 90 billion US dollars. The Asia-Pacific market is expected to top 4% compound annual growth rate in the next five years, followed by Europe with 3.8%.
The global market of adhesives
Asia-Pacific region, the Chinese adhesive market in the first place, accounting for 30% in 2012 amounted to 2.76 billion US dollars, production reached 5,005,000 tons. CAGR is expected to reach 4.4% in the next five years, and the consumption of adhesives in China will reach 6.93 million tons, up 6.6% and accounting for over 75% of the total consumption in 2015. In 2016, Structural adjustment of the continuous advance, Sino-Swiss research is expected to China's adhesive market consumption will be flat or even a slight decline in consumption of 6.9 million tons.
The biggest application field of global adhesive for the downstream packaging, and the international market is different from the use of adhesive is the largest building materials and decoration industry, accounting for about 27% of the total consumption of adhesive, followed by packaging, labeling and wood processing industry, Transportation and mechanical assembly industry, the market demand for adhesives is also expanding, the fastest growing is mainly used in wind energy, solar energy and other new energy products in the field of adhesives.
Market Distribution of Chinese Adhesives in
The international market for adhesives is Henkel, 3M, and Sika. The major domestic companies are high-grade new materials, new materials from Huita, new materials from Kangda, and silicon-based technologies. The downstream products of the four companies have focused.
Transportation: The original products for the rail CRTSII-type ballastless track sliding layer with plastic, high-speed railway rail elastic pad with plastic, caulking glue, and now also introduced the vehicle sealant, the acquisition of the standard Watson adhesive plastic products are mainly used Door plastic seals, door plastic sealing plate, plastic cushioning buffer materials, seals, shock pads and so on.
New energy: solar backplane( adhesive) from the third quarter of 2016, the amount of monthly sales of 4-5 million, the company expects 2016 annual contribution to revenue of about 30 million. Security protection areas: mainly used for protective clothing with plastic.
Water-based industrial coating : wagon wagon with anti-corrosion materials
Electrical and electronic fields: mainly for electronic chemicals. Electrical field is relatively saturated, later replacement is slower, but the electronic replacement fast, market space, of course, the technical threshold is higher. Advantages of independent innovation R & D strength of the adhesive company, nearly two years a total of 16 applications for invention patents, have been accepted, as at present a total of 124 inventions. In the past three years, the R & D expenses of the Company were RMB30.44 million, RMB32.43 million and RMB34.46 million (estimated by the Company), accounting for 6.46% of the average annual sales revenue in the past three years. Safety and environmental protection construction companies have always attached importance to safety and environmental protection. Input year by year. The tightening of environmental regulation is more of a challenge than a adhesive company.
The company currently has 7-8 million tons of adhesive capacity, of which 10,000 tons of production capacity in Beijing, the rest of production capacity in Nantong. Winter haze serious in the environmental pressure, the Government adopted a one-stop chemical companies to shut down measures, the company because most of the production capacity in Nantong, affected less, the current production is sufficient supply. The company's adhesive products are mainly used in the field of flexible packaging, accounting for 80% of revenue, market share of 10% of the leading enterprises in the field of flexible packaging, flexible packaging adhesive manufacturers in many areas, many small plants disorderly competition, but with the future environmental protection Gradually becoming more stringent, these small factories will gradually be eliminated, the future market may have about 10 companies, which will help the company's future market share increase. In the field of flexible packaging adhesive companies actively promote the "big customer" strategy, although the sales price of major customers is slightly lower, but significant contribution to profits, small customers, although higher than the price of large customers, but consider the cost, the profit is not as big customers. At present, the company's flexible customer contribution to the field of large accounts for about 20%, the future proportion will gradually increase.
Progress in the Ampko project
June 5, 2015, the company and Amco Flexible Packaging Co., Ltd. China signed the "direct material procurement master agreement", the agreement agreed Amcore China and the Asia-Pacific region molecular company will be July 1, 2015 to June 2018 30 days, the company and its subsidiaries to purchase the total amount of about 300 million yuan of adhesive products. As the field of food safety requirements for the product is higher, and Amco requirements of the adhesive company to integrate multiple products, plus Amnesty management is more stringent, the company for its product development, certification, small test, pilot stage Are not expected in the smooth progress is seriously behind the expected. 2016, the contract amount to perform more than 1,600 million in 2015 to fulfill 14,385,700 yuan. On the other hand, due to the security requirements of the product is particularly high, to the adhesive company also provides an opportunity, the company in the project development process attaches great importance to product safety, currently Amcore developed adhesive products tested Compliance with safety standards. If the future state to improve safety standards, the company will be an opportunity.
Sales of solvent-free glue
As the traditional adhesive widely used benzene, toluene and other toxic and harmful volatile organic solvents, not only pollute the environment and endangering human health, while there is the risk of combustion and explosion, and water-based, solvent-based adhesive non-toxic safety, environmentally friendly, Solvent-free adhesives will gradually replace the solvent-based adhesives become mainstream products, the next few years will gradually speed up the replacement process, but the solvent-based adhesives are completely replaced more difficult, involving equipment, people, technology and other aspects, and Need to hatch for many years. In addition, solvent-based adhesive performance than solvent-free, there are advantages in specific areas of application, can not be solvent-free adhesive replacement. Solvent-free adhesive with a certain technical barriers, other companies in the future of the possibility of entering the field smaller. But in recent years, we have to seize the solvent-free layout of the market, resulting in solvent-free adhesive has just launched a few years, but did not experience the blue ocean phase directly into the Yellow Sea and even the Red Sea market, the current downward pressure on prices.
2016 solvent-free adhesive company to accelerate the promotion, starting from the second half of the monthly sales at home and abroad in the two or three hundred tons, the company expects annual sales of about two thousand tons, a larger increase.
Endogenous and denotative simultaneously
Flexible packaging market growth is slow, in order to achieve rapid growth in earnings need to do in the business field addition, endogenous and denotative simultaneously, to achieve the company's overall rapid development.
High-speed rail: the field of large, if you can successfully enter the era of new materials, a year to increase sales of tens of millions. The company's products are basically in line with BASF's technical specifications, but the company's management is very cautious in product switching and import substitution, and the company is in close communication with its senior management.
New energy sector: the business slow progress in the first two years, but 16 years from the third quarter, sales have improved, sales have improved significantly, the revenue reached 4-5 million / month.
The field of electronic chemicals: the company adhesive is currently being encapsulated into the electronic plastic chemicals market. Now just started, 15 years less than 100 million sales. Electronic chemicals adhesive, high threshold, endogenous development is very slow, the company intends to mainly through the development of mergers and acquisitions, this large shareholder is also more support. The current thinking is to enter the field first slowly explore the field with a certain understanding of the high-end areas after the cut through mergers and acquisitions. The impact of the adhesive recent rise in raw materials on the company's products used in the production of chemical raw materials include diethylene glycol, ethyl acetate, isophthalic acid, adipic acid, polyisocyanate, which more than five raw materials accounted for more than 50% of production costs , Its price is mainly affected by oil prices. Recently, crude oil prices gradually pick up, especially into October 16, TDI prices soared, resulting in the company's raw material costs have increased, which polyisocyanate purchase price from 12,000 yuan / ton rose rapidly to 2-3 million / ton , But because of the company adhesive scattered procurement, some raw materials procurement from Korea, to some extent reduce the domestic raw material prices on the impact of gross margin.
The global market of adhesives
Asia-Pacific region, the Chinese adhesive market in the first place, accounting for 30% in 2012 amounted to 2.76 billion US dollars, production reached 5,005,000 tons. CAGR is expected to reach 4.4% in the next five years, and the consumption of adhesives in China will reach 6.93 million tons, up 6.6% and accounting for over 75% of the total consumption in 2015. In 2016, Structural adjustment of the continuous advance, Sino-Swiss research is expected to China's adhesive market consumption will be flat or even a slight decline in consumption of 6.9 million tons.
The biggest application field of global adhesive for the downstream packaging, and the international market is different from the use of adhesive is the largest building materials and decoration industry, accounting for about 27% of the total consumption of adhesive, followed by packaging, labeling and wood processing industry, Transportation and mechanical assembly industry, the market demand for adhesives is also expanding, the fastest growing is mainly used in wind energy, solar energy and other new energy products in the field of adhesives.
Market Distribution of Chinese Adhesives in
The international market for adhesives is Henkel, 3M, and Sika. The major domestic companies are high-grade new materials, new materials from Huita, new materials from Kangda, and silicon-based technologies. The downstream products of the four companies have focused.
Transportation: The original products for the rail CRTSII-type ballastless track sliding layer with plastic, high-speed railway rail elastic pad with plastic, caulking glue, and now also introduced the vehicle sealant, the acquisition of the standard Watson adhesive plastic products are mainly used Door plastic seals, door plastic sealing plate, plastic cushioning buffer materials, seals, shock pads and so on.
New energy: solar backplane( adhesive) from the third quarter of 2016, the amount of monthly sales of 4-5 million, the company expects 2016 annual contribution to revenue of about 30 million. Security protection areas: mainly used for protective clothing with plastic.
Water-based industrial coating : wagon wagon with anti-corrosion materials
Electrical and electronic fields: mainly for electronic chemicals. Electrical field is relatively saturated, later replacement is slower, but the electronic replacement fast, market space, of course, the technical threshold is higher. Advantages of independent innovation R & D strength of the adhesive company, nearly two years a total of 16 applications for invention patents, have been accepted, as at present a total of 124 inventions. In the past three years, the R & D expenses of the Company were RMB30.44 million, RMB32.43 million and RMB34.46 million (estimated by the Company), accounting for 6.46% of the average annual sales revenue in the past three years. Safety and environmental protection construction companies have always attached importance to safety and environmental protection. Input year by year. The tightening of environmental regulation is more of a challenge than a adhesive company.
The company currently has 7-8 million tons of adhesive capacity, of which 10,000 tons of production capacity in Beijing, the rest of production capacity in Nantong. Winter haze serious in the environmental pressure, the Government adopted a one-stop chemical companies to shut down measures, the company because most of the production capacity in Nantong, affected less, the current production is sufficient supply. The company's adhesive products are mainly used in the field of flexible packaging, accounting for 80% of revenue, market share of 10% of the leading enterprises in the field of flexible packaging, flexible packaging adhesive manufacturers in many areas, many small plants disorderly competition, but with the future environmental protection Gradually becoming more stringent, these small factories will gradually be eliminated, the future market may have about 10 companies, which will help the company's future market share increase. In the field of flexible packaging adhesive companies actively promote the "big customer" strategy, although the sales price of major customers is slightly lower, but significant contribution to profits, small customers, although higher than the price of large customers, but consider the cost, the profit is not as big customers. At present, the company's flexible customer contribution to the field of large accounts for about 20%, the future proportion will gradually increase.
Progress in the Ampko project
June 5, 2015, the company and Amco Flexible Packaging Co., Ltd. China signed the "direct material procurement master agreement", the agreement agreed Amcore China and the Asia-Pacific region molecular company will be July 1, 2015 to June 2018 30 days, the company and its subsidiaries to purchase the total amount of about 300 million yuan of adhesive products. As the field of food safety requirements for the product is higher, and Amco requirements of the adhesive company to integrate multiple products, plus Amnesty management is more stringent, the company for its product development, certification, small test, pilot stage Are not expected in the smooth progress is seriously behind the expected. 2016, the contract amount to perform more than 1,600 million in 2015 to fulfill 14,385,700 yuan. On the other hand, due to the security requirements of the product is particularly high, to the adhesive company also provides an opportunity, the company in the project development process attaches great importance to product safety, currently Amcore developed adhesive products tested Compliance with safety standards. If the future state to improve safety standards, the company will be an opportunity.
Sales of solvent-free glue
As the traditional adhesive widely used benzene, toluene and other toxic and harmful volatile organic solvents, not only pollute the environment and endangering human health, while there is the risk of combustion and explosion, and water-based, solvent-based adhesive non-toxic safety, environmentally friendly, Solvent-free adhesives will gradually replace the solvent-based adhesives become mainstream products, the next few years will gradually speed up the replacement process, but the solvent-based adhesives are completely replaced more difficult, involving equipment, people, technology and other aspects, and Need to hatch for many years. In addition, solvent-based adhesive performance than solvent-free, there are advantages in specific areas of application, can not be solvent-free adhesive replacement. Solvent-free adhesive with a certain technical barriers, other companies in the future of the possibility of entering the field smaller. But in recent years, we have to seize the solvent-free layout of the market, resulting in solvent-free adhesive has just launched a few years, but did not experience the blue ocean phase directly into the Yellow Sea and even the Red Sea market, the current downward pressure on prices.
2016 solvent-free adhesive company to accelerate the promotion, starting from the second half of the monthly sales at home and abroad in the two or three hundred tons, the company expects annual sales of about two thousand tons, a larger increase.
Endogenous and denotative simultaneously
Flexible packaging market growth is slow, in order to achieve rapid growth in earnings need to do in the business field addition, endogenous and denotative simultaneously, to achieve the company's overall rapid development.
High-speed rail: the field of large, if you can successfully enter the era of new materials, a year to increase sales of tens of millions. The company's products are basically in line with BASF's technical specifications, but the company's management is very cautious in product switching and import substitution, and the company is in close communication with its senior management.
New energy sector: the business slow progress in the first two years, but 16 years from the third quarter, sales have improved, sales have improved significantly, the revenue reached 4-5 million / month.
The field of electronic chemicals: the company adhesive is currently being encapsulated into the electronic plastic chemicals market. Now just started, 15 years less than 100 million sales. Electronic chemicals adhesive, high threshold, endogenous development is very slow, the company intends to mainly through the development of mergers and acquisitions, this large shareholder is also more support. The current thinking is to enter the field first slowly explore the field with a certain understanding of the high-end areas after the cut through mergers and acquisitions. The impact of the adhesive recent rise in raw materials on the company's products used in the production of chemical raw materials include diethylene glycol, ethyl acetate, isophthalic acid, adipic acid, polyisocyanate, which more than five raw materials accounted for more than 50% of production costs , Its price is mainly affected by oil prices. Recently, crude oil prices gradually pick up, especially into October 16, TDI prices soared, resulting in the company's raw material costs have increased, which polyisocyanate purchase price from 12,000 yuan / ton rose rapidly to 2-3 million / ton , But because of the company adhesive scattered procurement, some raw materials procurement from Korea, to some extent reduce the domestic raw material prices on the impact of gross margin.
