Glass Bonding Adhesives Market Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027
The global glass bonding adhesives market is segmented by type,
end-use industry, and region.
Various types of glass
bonding adhesives are available in the market, which includes polyurethane,
modified silanes, silicones, acrylate, epoxy, cyanoacrylate, UV/ LED, and
others. The polyurethane type glass bonding adhesive is dominating the market
due to its high elasticity and low cost. However, its poor resistance to
ultraviolet radiation may affect the market growth negatively. This problem can
be overpowered by applying an opaque coating for the prevention of direct light
exposure to the adhesive. Although the modified silanes adhesives and silicone
adhesives are costly, they offer high resistance to the UV radiation.
The end-user industry
segment includes automotive, aerospace, furniture, construction, electronics,
consumer goods, medical, and others. The automotive and aerospace industries
together dominate the global glass bonding adhesives market due to the
stringent regulations for reduced VOC emission.
Glass
Bonding Adhesives Market are used in windscreens, sunroof assemblies, door
glass, sensor bonding, and others. In the aerospace industry, they are used for
seals, side walls, luggage racks, light covers, dado panels, microelectronics
applications, and others. The glass bonding adhesives are excellent replacement
for nuts & bolts used in automotive and aerospace, which automatically reduces
the overall weight of the vehicle. In the furniture industry, they are used for
stemware, glass headlamps, art glass, and crystal figurines among others. These
adhesives are widely consumed in electronics and consumer goods for adhering
door assemblies, laminating panels, wire tacking, magnet bonding, LED bonding,
and others. Moreover, they are used in the medical sector for blood bag
assembly, IV tube set, oxygenators, skin sealant, catheters, and others.
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Regional Analysis
The global glass bonding adhesives market is spanned across five
regions: Asia Pacific, North America, Europe, Latin America, and the Middle
East & Africa.
Asia Pacific accounted
for the largest market share in 2016 on account of the high demand for glass
bonding adhesives from major end-use industries such as automotive,
construction, and electronics. The high production and sales of automotive and
consumer electronics coupled with the high infrastructural development in the
region are expected to drive the market growth during the forecast period
2018-2023.
The high demand from the automotive and aerospace industry is
expected to drive the glass bonding adhesives market in the North American
region. Furthermore, the rebound in construction activities in the region is
likely to fuel the market growth during the forecast period 2018-2023.
Europe is projected to witness a significant growth due to the
high production and sales of the automotive parts in countries such as Germany,
Italy, the U.K, France, and others.
Competitive Analysis
Some of the
manufacturers operating in the global glass bonding adhesives market are Henkel
AG & Co. KGaA (Germany), H.B. Fuller Company (U.S.), Sika AG (Switzerland),
Dymax Corporation (U.S.), 3M (U.S.), DowDuPont (U.S.), KIWO (Germany),
ThreeBond Holdings Co., Ltd. (Japan), Bohle AG (Germany), Ashland (U.S.),
Master Bond Inc. (U.S.), and Permabond LLC. (U.K).
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