China Back Glue market will reach 2177 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/10/22

Back Glue are mainly classified into the following types: 1 component Liquid BG, 1 component Paste BG and 2 component BG. 1 component Liquid BG is the most widely used type which takes up about 57.5% of the total in 2018 in China.

According to the sales channel, Back Glue can be classified into Retail and Project. And Project was the most common channel which took up about 75.3% of the Chinese total in 2018.

The Chinese Back Glue average cost is influenced by the global trend. The average cost will be in increasing trend if value expands. The Back Glue market size will reach about 2177 million USD in 2025 from 1506 million USD in 2018 in China, with the CAGR of 5.4%.

DAVCO, Saint Gobain, Laticrete, Tammy, Chen Guang, Bostik, Oriental Yuhong, Sika, Yuchuan, Wasper, EasyPlas, Doborn, Kaben, Mapei, Henkel, etc. are the key suppliers in the Chinese Back Glue market. Top 5 took up about 37% of the Chinese market in 2018.

The downstream industries of Back Glue are real estate, housing decoration, etc. In the recent years, with the recovery of Chinese economy and the improvement of personal income and appreciation taste, the consumption increase of Back Glue has been obvious. In the foreseeable future, the Back Glue will show an optimistic upward trend.

Although sales of Back Glue bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter the Back Glue field hastily.

Click to view the full report:
https://www.qyresearch.com/index/detail/748760/global-back-glue-industry
This article was first released by QYResearch, if reproduced, please indicate the source.
Telephone number:020-86655165
Contact:press@qyresearch.com
When contacting, please refer to QYR company's Mia introduction.