Hot melt adhesive output in China will be 40% of whole world in 2023

Year 2018, hot melt adhesive output in China is 1,031,700 MT, increased 9.85% compared with year 2017, much faster than GDP increase 6.6%. Estimate in year 2018, will continue increase 8-10%. In year 2023, estimate output of hot melt adhesive will be 1,115,000MT, about 40% of whole world.