Albany, NY (PRWEB) April 30, 2013
China’s output of structure adhesive presented a CAGR of 16.6%, higher than the growth rate of 13.6% of the adhesive industry in the same period. In 2012, China had a total of nearly 300 professional structure adhesive manufacturers with the output rising by 19.6% year-on-year to 453,000 tons. In particular, silicone adhesive, epoxy adhesive and PU adhesive were the three that enjoyed highest output, with the combined proportion as high as 90% or more.
Buy Copy of This Report@
Driven by the robust demand from downstream building, wind power and automotive manufacturing sectors as well as the advances in industrial technology, China-made structure adhesives, especially top-grade special adhesives with silicone adhesive, epoxy adhesive and PU adhesive as base materials, are expected to see an AAGR of 15%-20% when it comes to output.
At the early stage, the development of Chinese structure adhesive industry(http://www.researchmoz.us/china-structure-adhesive-industry-report-2012-2015-report.html) was heavily reliant on the introduction of overseas technologies and was long monopolized by foreign brands such as Fuller, Henkel, Momentive, 3M and Sika. However, after several decades of years of development, domestic players including Huitian Adhesive, Shanghai KangDa New Materials, Chengdu Guibao Science & Technology and TONSAN Adhesive have been provided with competitive technological R&D and independent innovation capabilities, seizing considerable share in some market segments. A case in point is Huitian Adhesive, which is one of major suppliers in automotive adhesive field with the revenue in 2012 hitting RMB226 million. Another case is Shanghai KangDa New Materials, which is leader in wind power epoxy adhesive industry of China with the market share in 2012 high up to 41%.
Accourding to This Report China Association of Automobile Manufacturers,(Buy Copy of This Report@ http://www.researchmoz.us/sample/checkout.php?rep_id=166919&type=S) China’s annual production capacity of automotive steering system has now reached around 20 million sets. In 2012 the demand for automotive steering system in China was approximately 19.31 million sets, a year-on-year increase of 4.3%. It is expected that, in 2013-2015, the demand will grow at an average rate of 5% or so, and hit 22.35 million sets in 2015.
Seen from the demand structure, mechanical hydraulic steering system (HPS) is the most mainstream steering system in the current market, with demand accounting for about 50% of the total. However, as the electric power steering system (EPS) technology continues to become mature, its demand is in a stage of rapid growth. In the future, EPS will constantly replace HPS to become the mainstream of the automotive steering system market.
At present, China’s automotive steering system industry(http://www.researchmoz.us/china-automotive-steering-system-industry-report-2012-2015-report.html) characterizes fierce competition, and the manufacturers fall into two camps of foreign-capital / joint-venture enterprises and local enterprises, of which, the former represented by ZF, TRW, JTEKT, SHOWA, NSK, MANDO, etc., relying on their higher quality of products as well as the capital relations with foreign brand vehicle assembly plants, mainly support for foreign brand vehicles.
By contrast, local Chinese companies with relatively backward production process are occupied in the production of mechanical steering system, mainly supporting for homegrown brand vehicle assembly plants. With the technological improvement and experience accumulation, China Automotive Systems, Inc., Zhejiang Shibao Company Limited, Zhejiang Wanda Steering Gear Co., Ltd., AVIC-Xinhang Yubei Steering System Co., Ltd. and other local enterprises have seen fast development and started to provide product supporting services to joint-venture vehicle assembly plants.
Find More Reports By: http://www.researchmoz.us/publisher/research-in-china-67.html
ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports.