Press release
Glass Bonding Adhesive Market Projected to Witness Vigorous Expansion by 2025
Glass Bonding Adhesive Market: Drivers & Restraints
In developing countries, massive investment is made to establish automotive, aerospace, infrastructure development and rail projects. This growth demands high quality, high-performance adhesive. Glass bonding adhesive adhere proven record of providing exceptional performance at low cost while taking least assembly time. Therefore it conquered market of conventional adhesive and became the must for discrete manufacturing and assembling industries. UV curable epoxy and silicone type is projected to be the fastest-growing adhesives among other glass bonding adhesives. These glass bonding adhesives are sustainable non-hazardous adhesive; they are more technology advanced than traditional conventional adhesives.
Glass bonding adhesive is comparatively expensive than conventional adhesive, and this factor is restraining the glass bonding adhesive market. Many advancements are happening in conventional adhesive technology, this progression in the conventional adhesive is negatively affecting the glass bonding adhesive market and bringing challenges especially to UV cured glass bonding adhesive.
Glass Bonding Adhesive Market: Segmentation
The glass bonding adhesive market is segmented by its material type, end use, bonding nature, application, and region.
On the basis of material type, glass bonding adhesive market is segmented into:
UV Curable Acrylate
Silicone
UV Curable Epoxy
Polyurethane
Others
On the basis of its end use, glass bonding adhesive market is segmented into:
Furniture
Electronics
Medical
Transportation
Industrial assembly
Others
On the basis of its bonding nature, glass bonding adhesive market is segmented into:
Substrate
Obstruction
Temperature
Bond area and gap
Stress
On the basis of its applications, glass bonding adhesive market is segmented into:
Automobile headlamps
Optical displays for equipment
Glassware, stemware
Equipment panels
Art glass, bevel bonding
Optical glass lenses
Crystal figurines
Point of sale displays
Others
Glass Bonding Adhesive Market: Regional Outlook
Based on the geographies, glass bonding adhesive market is segmented into seven regions - North America glass bonding adhesive market, Latin America glass bonding adhesive market, Eastern Europe glass bonding adhesive market, Western Europe glass bonding adhesive market, APEJ glass bonding adhesive market, Japan glass bonding adhesive market and the Middle East & Africa glass bonding adhesive market. Due to the factors such as availability of cheap labor, increase in foreign investors, growing manufacturing industries, etc., enhances the application of glass bonding adhesives for electronic, medical and other sectors for the countries of Asia-Pacific (excluding Japan), this accounts significant growth for glass bonding adhesive market. Countries like China, Taiwan, and Korea are the hub for manufacturing electronic apparatuses, therefore, expected to be the major countries making APEJ leading region for glass bonding adhesive market space. North America is anticipated to grow at a healthy growth rate to become second largest market by volume and value. Primarily due to the presence of some of the key players of glass bonding adhesive in that region. Overall, globally glass bonding adhesive market is anticipated to register significant growth rate over the forecast period.
Glass Bonding Adhesive Market Players
Some of the players for global glass bonding adhesive market includes H.B. Fuller Co., The 3M Company, Perma Bond Engineering Adhesives Ltd., The Dow Chemical Company, Three Bond Holdings Co. Ltd., Sika A.G, Bohle Group, Henkel A.G & Co. KGAA, Dymax Corporation, Ashland Inc., and KIWO.
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