Press release
Glass Bonding Adhesives Market Trends with Global Key Players 2018 - Henkel AG & Co. KGaA, H.B. Fuller Company, Sika AG, Dymax Corporation, 3M, DowDuPont, KIWO, ThreeBond Holdings Co., Bohle AG, Ashland, Master Bond and Permabond LLC
Glass Bonding Adhesives | Increasing demand from the Automotive & Aerospace Industries across the globe are set to drive
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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.
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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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.
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