Insights into the Chemical Adhesive Market--Part One

Industry Panorama and Key Trends

In the field of chemical adhesives, chloroprene rubber adhesives, nail-free adhesives, and spray adhesives are at the forefront of market transformation. Stricter environmental regulations and the advancement of "dual carbon

goals have prompted enterprises to accelerate product upgrading and green transformation. From the raw material end, the application of bio-based raw materials has increased; in the production process, the penetration rate of environmentally friendly technologies such as water-based and solvent free processes has risen; at the application level, emerging industries such as new energy vehicles and smart homes have seen a surge in demand for high-performance adhesives.

Chloroprene Rubber Adhesives: Capacity Expansion and Green Upgrading in Parallel

The chloroprene rubber adhesive industry centers on chloroprene rubber, with products widely used in building waterproofing, automobile manufacturing, and other fields. In 2024, the global chloroprene rubber production capacity was approximately 1.2 million tons, with China accounting for 45% of the total, making it the largest producer. It is expected that China's production capacity will exceed 600,000 tons by 2025, driven by capacity expansion of leading enterprises and the commissioning of new projects. Global demand is around 1.05 million tons, with the construction, automobile manufacturing, and wire and cable sectors accounting for over 70%. In the Chinese market, the demand for the construction industry is expected to reach 220,000 tons (40% of the total) by 2025, and automobile manufacturing will be approximately 165,000 tons (30%).

Upstream petroleum derivatives (butadiene, chlorine gas) account for 60%-70% of costs, and price fluctuations have a significant impact. The research and development of bio-based raw materials are accelerating, and the proportion of bio-based chloroprene rubber adhesives may reach 15% by 2025. The midstream sector offers a variety of products, including general-purpose, water-based latex, and high-performance adhesives. The penetration rate of environmentally friendly processes is increasing, and the market size of water-based chloroprene latex is expected to exceed 5 billion yuan by 2025. In downstream applications, green standards in the construction industry are driving demand upgrading, while the new energy vehicle sector sees growing demand for battery seals and lightweight components. The world's top five enterprises hold 60% of the market share, and the CR5 in the Chinese market reaches 55%, with industry concentration continuing to rise. In the future, research and development of high_temperature_resistant and selfhealing products will accelerate, with a global compound annual growth rate of approximately 4.5% from 2025 to 2030, and China's market size is expected to exceed 30 billion yuan by 2025.