Glass Adhesives Market by Product, Application, and Geography - Forecast and Analysis 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 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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