Glass Bonding Adhesives Market - Global Industry Analysis, Size, Share, Growth, Trends 2024
Glass bonding adhesives is a bonding
technique used to bond one glass to another and/or to various other
substrates such as metals, plastics, and rubbers. These compounds are
available as silicones, epoxies, polysulfides, polyurethanes,
cyanoacrylates, and UV/LED curing systems. The selection of a suitable
adhesive for proper bonding of glass depends upon various factors. These
include load and stress at which the glass resists, and functional and
technical requirement of a joint. The bonding strength depends on the
chosen material such as glass/glass, glass/ metal, glass/stone, and
glass/wood. Glass bonding adhesives are used in a wide range of
applications in the automotive industry. For instance, they are employed
to bond glass in vehicles, manufacture water tanks and optical glasses,
bond window glass to frame or structure, etc.
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Based
on product type, the glass bonding adhesives market can be segmented
into UV-curable acrylate, silicone, UV-curable epoxy, polyurethanes, and
others. Silicone accounted for significant share of the glass bonding
adhesives market in 2015 due to the rising demand for these adhesives in
end-use industries such as transportation. High demand for glass
bonding adhesives in architecture and electronics is boosting the glass
bonding adhesives market. The UV-curable acrylate segment is expected to
experience high growth rate due to the increase in demand for glass
bonding adhesives in the architecture industry. Growth in demand for
these adhesives in end-use industries such as electronics, furniture,
and transportation is anticipated to boost the glass bonding adhesives
market across the globe. Expansion of the electrical & electronics
sector has also augmented the demand for silicone in the glass bonding
adhesives market. Demand for glass bonding adhesives has also increased
significantly in glass water tanks and other glass storage applications.
In
terms of region, the glass bonding adhesives market can be segmented
into North America, Europe, Asia Pacific, Latin America, and Middle East
& Africa. In terms of volume, Asia Pacific held the significant
share of the glass bonding adhesives market in 2015. It was followed by
North America and Europe. Asia Pacific is anticipated to dominate the
glass bonding adhesives market during the forecast period owing to the
high demand for these adhesives in emerging economies such as China,
India, and Japan. Demand for glass bonding adhesives in Asia Pacific is
anticipated to increase significantly in the near future, led by the
increase in demand for these adhesives in end-use industries such as
furniture, electronics, medical, transportation, and industrial
assembly. In terms of end-use, the furniture segment is estimated to
account for the prominent share of the glass bonding adhesives market
during the forecast period. Increase in usage of glass bonding adhesives
in electrical and electronics appliances is driving the glass bonding
adhesives market. Significant industrial development is anticipated to
open up new opportunities for the global glass bonding adhesives market.
Economic development and rise in the number of applications are
anticipated to augment the global glass bonding adhesives market in Asia
Pacific. Increase in usage of glass bonding adhesives in electronics,
medical, and construction end-use industries is likely to propel the
global glass bonding adhesives market in the next few years.
Global
demand for glass adhesives is projected to rise significantly in the
near future, thereby offering high growth opportunities for companies
operating in the glass bonding adhesive market. Rapid increase in demand
in end-use applications, competitive manufacturing costs, and high
economic growth rate are propelling the glass bonding adhesives market
in Asia Pacific. These factors are encouraging companies to adopt
expansion and R&D strategies in the region. Market players are
focusing on Asia Pacific to gain higher market share. Producers of glass
bonding adhesives have been compelled to adopt expansion and
acquisition strategies to meet the global demand. Large numbers of
producers are shifting their plants to countries such as China and India
due to factors such as high demand and low raw material and labor
costs.
Key players operating in the
global glass bonding adhesives market are Three Bond Holdings Co., Ltd,
Permabond Engineering Adhesives, Bohle Group, Henkel AG & Co. KGaA,
Sika A.G., H.B. Fuller Company, Dymax Corporation, Ashland Inc., The Dow
Chemical Company, 3M Company, and KIWO.
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The
report offers a comprehensive evaluation of the market. It does so via
in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited to:
Regional markets, technology, types, and applications.
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