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China's adhesive market attracts the attention of foreign companies

 Last Update: 2021-04-27
 Source: Internet
 Author: User

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[China Epoxy Industry Online] March 22, 2005: In order to maintain their leading position in global adhesives, expand markets, and reduce production costs, companies such as Henkel and Cytec have implemented global cross-regional mergers and acquisitions.
action.
This regional strategic shift has benefited these companies a lot, because the growth rate of adhesive consumption in the developing regions is three times that of the United States and Western Europe.
In 2002, the total consumption of developed regions was 5.
7 billion U.
S.
dollars, and Asia except Japan was the largest development area, and its adhesive consumption amounted to 3.
5 billion U.
S.
dollars.

In 2002, the consumption of adhesives in Latin America amounted to 1.
3 billion US dollars, and the largest users were Brazil and Mexico.

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