Glass Bonding Adhesives Market 2020- Research, COVID-19 Analysis, Review, Applications and Forecast to 2023
Segmentation
Analysis
The
Global Glass Bonding Adhesives Market is segmented by type, end-use industry,
and region.
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.
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.
Competitive
Analysis
·
Henkel AG & Co. KGaA
·
H.B. Fuller Company
·
Sika AG
·
Dymax Corporation
·
3M
·
DowDuPont
·
KIWO
·
ThreeBond Holdings Co.
·
Ltd.
·
Bohle AG
·
Ashland
·
Master Bond Inc.
·
Permabond LLC.
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