Glass Adhesives Market Global Industry Growth, Business Boosting Strategies, Industry Recent Developments, Latest Technology
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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