The market size is expected to exceed RMB 3.42 billion. Which domestic and international companies are active in the automotive adhesive sector? List and introduce them.

【Answer 1】 01 Henkel Official website: henkel.cn/ Founded in 1876, Henkel has over 140 years of history. It operates a balanced and diversified business portfolio globally. Through strong brands, outstanding innovation, and advanced technologies, the company has established leadership positions across its three major business segments—industrial and consumer sectors. Henkel Adhesive Technologies is the global leader in the adhesives market, serving virtually every industry worldwide. Its Laundry & Home Care and Beauty Care businesses are also market-leading brands across numerous countries and product categories. 02 Avery Dennison Official website: averydennison.com/zh/ho... Avery Dennison (NYSE: AVY) is a global materials science company specializing in the design and manufacture of a wide range of labels and functional materials. Its products serve nearly all major industries and include pressure-sensitive materials for labeling and signage applications; tapes and other bonding solutions for industrial, medical, and retail applications; and radio-frequency identification (RFID) solutions for retail apparel and other markets. The company operates in more than 50 countries with over 35,000 employees worldwide. Its 2021 financial report showed sales reaching $8.4 billion. 03 3M Official website: dcsuzhou.com/ Founded in 1902, 3M’s global headquarters is located in St. Paul, Minnesota, USA. As a world-renowned, diversified technology and innovation enterprise, 3M’s products and technologies have long been deeply integrated into everyday life. Over the past century, 3M has developed more than 60,000 products spanning household goods, healthcare products, transportation, construction, commerce, education, electronics, communications, and many other fields. 04 H.B. Fuller Official website: hbfuller.com/en/north-a... H.B. Fuller Company is a leading global manufacturer and marketer of adhesives, sealants, coatings, paints, and other specialty chemical products. In 2010, its net revenue exceeded $1.4 billion. H.B. Fuller employs approximately 3,700 people across 31 countries and serves customers in nearly 100 countries. 05 Dow Chemical Official website: dow.com/zh-cn Dow serves customers in 160 countries and regions worldwide with a broad portfolio of products and services. Committed to sustainability principles in chemistry and innovation, Dow delivers higher-quality products to diverse consumer markets—including purified water, food, pharmaceuticals, paints, packaging, personal care products, construction, home furnishings, and automotive applications. 06 BASF Official website: basf.com/cn/zh.html BASF currently operates 28 major wholly-owned subsidiaries and 7 major joint ventures in Greater China, along with 24 sales offices. Its Greater China business covers petrochemicals, intermediates, performance materials, monomers, dispersions and pigments, performance chemicals, catalysts, coatings, care chemicals, nutrition & health, and agricultural solutions. These chemical products are used across virtually all aspects of daily life—from housing, automobiles, food, crops, pharmaceuticals, textiles, sportswear, household items, electronic devices, to packaging, among others.

A 17,000-word in-depth analysis of investment logic for 14 core advanced packaging materials

【Answer 2】 Die attach (DA) materials are packaging materials used in the die-to-carrier bonding process, where the carrier (also known as the substrate) may be organic, metallic, ceramic, silicon, or glass-based, depending on its primary constituent material. Although die attach materials account for a relatively small share of the overall packaging materials market in terms of value, their performance plays an extremely critical role across the entire electronic component ecosystem. Figure: Die attach materials in chip stacking Traditionally, die attach materials are categorized—based on bonding method and material characteristics—into organic die-attach adhesives (conductive and insulating), die-attach films (conductive and insulating), solder, and low-temperature sealing glasses. 1. Conductive Adhesives Conductive adhesives constitute the primary type of die-attach material. Typically composed of polymeric resins and conductive fillers, they also incorporate curing agents, plasticizers, diluents, and other additives. Commonly used materials and their functions are listed in Table 1. Table 1: Common Materials and Functions of Conductive Adhesives According to MarketInsights Report data, the global conductive adhesive market is projected to reach USD 3 billion by 2026. Major global manufacturers include Germany’s Henkel, Japan’s Sumitomo, Three-Bond, Hitachi, Dow DuPont, U.S.-based 3M, H.B. Fuller, Ferro Corporation, Panacol (Germany), DELO (Germany), Kemtron (USA), Masterbond (USA), Epoxy (USA), Creative Materials (USA), Aremco Products (USA), Dexerials (Japan), and Showa Denko Materials (Japan). In terms of competitive landscape, the global conductive adhesive market exhibits high concentration, with CR3 reaching 78%: Henkel alone accounts for 60%, Hitachi Chemical for 11%, and Sumitomo Bakelite for 7%. China produces approximately 40% of the world’s total volume of conductive adhesives, contributing about 26% of global sales—but Chinese industry output remains largely concentrated in mid-to-low-end segments. In high-end niche markets, domestically produced conductive adhesives are gradually replacing imports, especially those from domestic firms such as Debao Technology, Changchun Yonggu, and Shanghai Bennuo Electronics, which have successfully entered the supply chains of top-tier OSAT providers. Foreign enterprises: Henkel (Germany), Sumitomo (Japan), Three-Bond (Japan), Hitachi (Loctite, Japan), Dow DuPont, 3M (USA), H.B. Fuller (USA), Ferro Corporation (USA), Panacol (Germany), DELO (Germany), Kemtron (USA), Masterbond (USA), Epoxy (USA), Creative Materials (USA), Aremco Products (USA), Dexerials (Japan), Showa Denko Materials (Japan), etc. Domestic enterprises: Debao Technology, Changchun Yonggu, Shanghai Bennuo Electronics, etc. 2. Conductive Adhesive Films (CAFs) Conductive adhesive films represent a thermosetting variant of conductive adhesives, composed of conductive particles, resin matrix, and additives—a polymer film exhibiting both conductivity and adhesion. In 2023, the global anisotropic conductive film (ACF) market was valued at approximately USD 485 million and is projected to reach USD 684 million by 2029, growing at a compound annual growth rate (CAGR) of 5% over the forecast period. Currently, the global ACF market is dominated by Japanese and Korean players—including Japan’s Dexerials, U.S.-based 3M, Korea’s H&S High Tech, and Hitachi Chemical Co., Ltd. Domestic Chinese suppliers include Ningbo Liansen Electronics and Shenzhen Feishier, primarily serving the LCD module (LCM) market.

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