Glass Bonding Adhesives Market Share- Growth, Trends, Covid-19 Impact, And Forecasts (2022 - 2030)
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 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 share 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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