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Global Glass Bonding Adhesives Market set to increase significantly by 2024
Global Glass Bonding Adhesives Market: Overview
Glass bonding adhesives are used in a variety of applications such as structural and decorative glass. These glass bonding adhesives are used to bond glass to metal, glass to glass, or numerous other substrates. These adhesives form a very strong bond for load bearing joints, which is found in glass furniture and display cases. Glass bonding adhesives are available in the form of UV/LED curing systems, cyanoacrylates, epoxies, polyurethanes, and silicones. They show a high performance even upon exposure to hostile conditions. The substrates which need glass bonding must possess different thermal expansions.
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Global Glass Bonding Adhesives Market: Growth Factors
The growth in the global glass bonding adhesives market is driven by rising investment in the manufacturing plants such as the wind, automotive, structural projects, infrastructure development industries, rail, and aerospace. Increasing demand from end-use industries such as furniture, electronics, and transportation for high-quality and high-performance glass bonding adhesives is anticipated to foster the growth in the global glass bonding adhesives market.
Global Glass Bonding Adhesives Market: Segmentation
The global glass bonding adhesives market is bifurcated based on the end-use industry as transportation, furniture, industrial applications, medical, electronics and others. Based on the types, the global market is categorized as UV curable epoxy, polyurethane, UV curable acrylate, silicone, and others. The silicone resin accounted for the largest market share in the global glass bonding adhesives market. Improving glass bonding technologies in the glass bonding adhesives is expected to fuel the global market growth. The technologies are used in electronics, medical, and other applications further enhancing the global glass bonding adhesives market owing to their inherent properties and chemical structure.
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Global Glass Bonding Adhesives Market: Regional Analysis
Asia-Pacific is expected to witness high demand for glass bonding adhesives owing to the rise in the foreign investments positively impacting the global glass bonding adhesives market. Exponential growth in industrial development is expected to open up new opportunities in the global market. Economic development and growth in the glass bonding adhesives applications are anticipated to foster the global glass bonding adhesives market growth in Asia Pacific. Increasing usage of glass bonding adhesives in electronics, medical, and construction end-use industries may propel the global market in next few years. Furthermore, cheap labor costs in this region is another factor contributing to the growth in future. Taiwan, China, and South Korea are the major producers of the glass bonding adhesives in the Asia Pacific region; this in turn positively impacts the global glass bonding adhesives market.
Global Glass Bonding Adhesives Market: Competitive Players
Key players in the global glass bonding adhesives market are Permabond Engineering Adhesives, Three Bond Holdings Co., Ltd., Henkel AG & Co. KGaA, Bohle Group, Sika A.G. and KIWO. Others major players influencing the global market are Dymax Corporation, H.B. Fuller Company, The Dow Chemical Company, Ashland Inc., and 3M Company.
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Global Glass Bonding Adhesives Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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