The concentration of the hot melt adhesive industry is low, and leading companies have greater room for future development.

Hot melt adhesive is a kind of plastic adhesive. Within a certain temperature range, the physical state of hot melt adhesive can change with temperature changes. Through the principle of thermal reaction, hot melt adhesive can tightly bond with barrier resin and metal. As a polymer material, hot melt adhesive has the advantages of non-toxic, non-polluting, high bonding strength, fast speed, and easy packaging, transportation, and storage. According to different uses, hot melt adhesive can be divided into hot melt adhesive for fabrics, hot melt pressure-sensitive adhesive, hot melt adhesive for furniture edge sealing, hot melt adhesive for book binding, etc.

According to the “2022-2027 Hot Melt Adhesive Industry In-depth Market Research and Investment Strategy Suggestions Report released by the Industrial Research Center, with As the concept of green environmental protection continues to deepen and national environmental protection policies begin to be implemented, biodegradable environmentally friendly materials have received widespread attention. As a high molecular polymer, hot melt adhesive does not contain solvents, has strong stability, and is renewable. It is called “green adhesive”. In recent years, the scale of my country’s hot melt adhesive market has continued to expand. In 2021, the scale of my country’s hot melt adhesive market will reach 24.67 billion yuan, a year-on-year increase of 9.1%. Market space drives hot melt adhesive sales to grow rapidly. According to statistics from the China Adhesive and Adhesive Tape Industry Association, my country’s hot melt adhesive sales reached 1.246 million tons in 2021, a year-on-year increase of 5.7%.

The downstream of the hot melt adhesive industry chain is the application field, which mainly includes packaging, photovoltaic film, labels, shoes and clothing, printing processing, sanitary products and electronic products. At present, my country’s photovoltaic film field has the largest demand for hot melt adhesive, accounting for 30.0%. Photovoltaic adhesive films are mainly used for packaging photovoltaic modules to protect cells. With the rapid development of the photovoltaic industry, the demand for photovoltaic films has grown rapidly. In 2021, my country’s demand for photovoltaic films will reach 1.68 billion square meters, a year-on-year increase of 24.4% in 2020. The strong demand in the downstream field will bring broad prospects for the development of my country’s hot melt adhesive industry.

my country’s hot melt adhesive market has low concentration. Due to its simple production process, its industry threshold is low and product quality is uneven. Shanghai Tianyang, Wanli Adhesive, Jiangsu Jiahao, Nanbao Resin, and Deyuan Group are well-known hot melt adhesive manufacturers in my country. Tex Yuan Group was established in 1976 and is the largest hot melt adhesive manufacturer in Taiwan. Currently, Tex Yuan has become a professional manufacturer of hot melt adhesives in Greater China. It is expected that in the future, due to factors such as supply-side structural reform, China’s hot melt adhesive small and medium-sized enterprises with backward production capacity will be eliminated by the market, and the hot melt adhesive market concentration is expected to increase.

Industry analysts said that with the rapid economic development and the continuous maturity of production technology, the application field of hot melt adhesives in my country will further expand, and environmental protection Hot melt adhesive products that are safe and can meet diverse needs will become the mainstream of the market. Benefiting from the increasing prosperity of new materials, photovoltaic and new energy industries, hot melt adhesive, as a green and environmentally friendly adhesive, will grow rapidly with the support of national policies and the promotion of leading enterprises.