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Bonding Adhesives Market Owing to Substantial Growth by 2026
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Depending on their end-use, different kind of glass bonding adhesives are employed for different applications. For example, acrylate-based glass bonding adhesives are mainly used where rapid bonding of glass and other substrates, such as metal, plastic and rubber is required.
Acrylate glass bonding adhesives do not have an elongation as high as polyurethane and modified silanes or silicone adhesives, hence they provide high mechanical strength, which reduces the total material needed. Another advantage of glass bonding adhesives is that they can be applied without primer.
Polyurethane-based glass bonding adhesives are used especially in marine and automotive applications. They cannot be used where temperatures continuously exceed 1000?C. Epoxy adhesives find multiple applications in the medical sector where high temperature, environmental or chemical resistance is required. Silicone-based glass bonding adhesives are mainly used in industrial assembly, as they are more durable as compared to other types of glass bonding adhesives.
Global Glass Bonding Adhesives Market: Dynamics
The overall development and growth associated with the adhesives and sealants market is expected to augment the growth of global glass bonding adhesives market as well. In terms of end use, the transportation sector comprising automotive, aerospace and marine is expected to drive the usage of glass bonding adhesives across the global market. The growing consumption of cyanoacrylate-based adhesives in particular, owing to their superior performance characteristics, is another factor contributed to the growth of global glass bonding adhesives market. Growing electronics and medical sectors are key opportunities for the global glass bonding adhesives market.
Relatively high cost is an important factor restraining growth of the global glass bonding adhesives market. Manufacturers in the glass bonding adhesives market are focusing on improving supply chain in the target region and expanding manufacturing facilities. Companies are also focusing on joint ventures, acquisitions and technology development to gain maximum benefit.
Global Glass Bonding Adhesives Market: Segmentation
The global glass bonding adhesives market can be segmented on the basis of ingredient type and end use industries. On the basis of ingredient type, the global glass bonding adhesives market can be segmented into acrylate based, cyanoacrylate based, silane based, polyurethane based, epoxy based and silicone based. On the basis of end use industries, the global glass bonding adhesives market can be segmented into transportation, furniture, electronics, medical & laboratory equipment, industrial equipment/assembly, etc. The transportation segment is further divided into automotive, marine and aerospace.
Global Glass Bonding Adhesives Market: Region-Wise Outlook
The global glass bonding adhesives market is segmented into 5 key regions, namely, North America, Latin America, Middle East & Africa, Asia-Pacific and Europe. Asia Pacific is anticipated to remain a key region in the global glass bonding adhesives market throughout the forecast period. North America and Europe are also expected to account for a significant share in the global glass bonding adhesive market. Increase in prominent end use sectors, such as electronics, medical and transportation drive demand for the glass bonding adhesives market all over the world. Asia Pacific and North America are expected to witness relatively high growth in the global glass bonding adhesives market.
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Examples of some of the key players involved in the manufacturing of glass bonding adhesives include Master Bond Inc. Dymax Corporation, Permabond LLC., Bohle Ltd., The Dow Chemical Company, C.R. Laurence Co., Inc., 3M, Henkel AG & Co. KGaA, Ashland Inc., Kissel + Wolf GmbH, ThreeBond Holdings Co., Ltd., Sika Corporation, H.B. Fuller etc.
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