Glass Bonding Adhesives Market

Glass Bonding Adhesives Market Insights

The global glass bonding adhesives market is likely to witness a CAGR of more than 8% over the forecast period. Glass bonding adhesives finds its application in various industries due to their characteristic properties such as high bond strength, low-temperature resistance, excellent adhesion property, and low thermal expansion.

The growth of glass bonding adhesives market is likely to be influenced by the increasing investments in manufacturing plants for wind, aerospace, automotive, rail, infrastructure development industries, and various structural projects.

The growing demand for high-quality glass bonding adhesives from end-use industries such as transportation, medical industry, electronics, and furniture is further projected to stimulate the market growth. The rapid growth of these industries especially in developing countries such as India, China, and Mexico is anticipated to boost the market growth over the forecast period.

Glass Bonding Adhesives Market: Product Insights

The global glass bonding adhesives market is segmented into UV curable cyanoacrylate, silicone, UV curable epoxy, and polyurethane, based on products. UV curable cyanoacrylate segment recorded largest-market share in 2016.

Silicone held the second largest market share in 2016. It is further projected to be the fastest-growing type in the glass bonding adhesives market attributing to its increasing adoption in various end-use industries such as electronics and medical.

Glass Bonding Adhesives Market: Application Insights

Based on application, the global glass bonding adhesives market is divided into furniture, construction, automotive & transportation, medical devices, electronics & appliances, and consumer goods. The automotive & transportation sector accounted for more than 30 % of revenue share in 2016. Glass adhesives are extensively used for the bonding of windshields of cars and public transport buses. The Automotive & transportation sector is projected to maintain its dominant position over the years due to the growth of automotive aftermarket industry particularly in developing regions. Epoxy, UV curable, silicone, acrylic, and polyurethane are widely used in automotive & transportation industry. The use of adhesives for assembling, bonding, and laminating automotive body parts is likely to fuel the global industry growth over the coming years.

Glass Bonding Adhesives Market: End-Use Insights

The global glass bonding adhesives market is classified into Furniture, Electronics, Transportation, Medical, and Industrial Applications among others.  The furniture end-use industry recorded the largest market share, in terms of both value and volume in 2016. The market for the medical industry is projected to witness a lucrative CAGR over the forecast period.

Glass Bonding Adhesives Market: Regional Insights

Asia Pacific and Central & South America regions are predicted to be the fastest-growing consumers, across the world, over the coming years. Asia Pacific is projected to experience a CAGR of more than 7.5%, in terms of revenue, by 2025. Increasing number of foreign investments in these regions is expected to foster the growth of the industry.

The market growth in Asia Pacific is likely to be influenced by strong GDP growth, rapid industrialization, and increased production base. Countries such as China, India, Japan, and Thailand are predicted to be the key contributors of industry demand, over the coming years. The increased demand from these regions is attributed to rising in the consumption of products in OEM and aftermarket operations.

North America and Europe are estimated to register a steady growth rate over the coming years. Increased application of glass glues in the electronics, consumer goods, and medical devices industries especially in Germany, the U.S., and the UK are considered to be the key factors supporting the industry growth.

Glass Bonding Adhesives Market: End-Use Landscape

The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global glass bonding adhesives market. The major consumers of the product are Sony, Ford Motors, and General Motors.

Glass Bonding Adhesives Market: Competitive Landscape

Some of the key industry participants in the global glass bonding adhesives market include H.B. Fuller; Henkel AG & Co. KGaA; The 3M Company; Ashland Inc.; Sika AG; Dow Chemical Company, Dymax Corporation; DELO Industrial Adhesives; Permabond LLC; and Master Bond Inc.

Please note: This is not an exhaustive list of companies profiled in the report.

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