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The glass bonding adhesives market is expected to grow at a good rate in the coming few years. To offer optimal performance even upon exposure to hostility, the glass bonding adhesives are designed perfectly. These adhesives are solvent-free and do not emit VOC during cure. The glass bonding adhesives form high strength, durability and water-resistant bonds to glass, plastics, and metal substrates.
The factors which drive the glass bonding adhesives market are the increased adoption of non-hazardous, green, and sustainable adhesives due to stringent regulations related to environmental protection. The glass bonding adhesive market's major drivers have increased glass bonding in UV curing technology. The increased demand in this market from various industries such as automotive, aerospace, electronics, and others, from developing countries of the Asia Pacific region, is likely to increase the glass bonding adhesives market.
The increased use of lightweight and fuel-efficient automobiles around the world is expected to drive this market's growth. Another major factor that will fuel the glass bonding market's growth is the high demand for durable, strong, and thermal resistant electronics appliances. Key developments include expansion, acquisition, merger, etc. The major market players are focusing on this.
The market for glass bonding adhesives across the globe is divided into five regions: Asia Pacific, North America, Europe, Latin America and the Middle East and Africa. Due to the high demand for glass bonding adhesives from the construction, automotive, and electronics industry, Asia Pacific dominated the glass bonding Adhesive in 2019. Other factors that are expected to drive the market growth in Japan, China and India are the high production and sales of automotive and electronics in the above regions. North America held the second-largest share for the glass bonding adhesives market in 2019, owing to reviving construction, automotive and aerospace.
Due to environmental concerns for lightweight automotive parts, the demand is projected to increase; thus driving the market growth for glass bonding adhesives. Due to the high production and sales of automotive parts in Western European countries, the market is expected to grow in Europe. Another factor that is expected to drive the growth of glass bonding adhesives in Europe is the increased spending on the healthcare sector. Due to the growing automotive industry in Mexico, Brazil etc, Latin America is expected to witness considerable growth in the glass bonding adhesives market. Moreover, due to burgeoning infrastructural investment in the Middle East and Africa, the glass bonding adhesives market is expected to show a significant growth rate. In recent years, the glass bonding adhesives market has witnessed a good amount of growth and the growth is expected to increase in the coming years. Due to their characteristic properties such as low temperature, high bond strength, excellent adhesion property, and low thermal expansion properties, the glass bonding adhesives are used in various industries such as furniture, medical, electronics, industrial assembly and transportation etc.
The major types of glass bonding adhesives are UV curable cyanoacrylate, silicone, UV curable epoxy, polyurethane etc. The UV curable cyanoacrylate held the largest market share as they are suitable for several applications. The fastest-growing type in glass bonding adhesive is silicone. This is due to increased acceptance in various end-use industries such as electronics and medical and it is the second-largest segment in the glass bonding adhesives market. In many end-use industries such as furniture, medical, electronics, industrial assembly etc., glass bonding adhesives are used. These are the major end-use industries in which glass bonding adhesive is used. The leading region in the glass bonding adhesives market is the Asia Pacific. Due to increased use in the electronics and medical industries, there is a huge demand for glass bonding adhesive. Around the globe, the second-largest manufacturer and consumer of glass bonding adhesive is North America. The growth of the market in this region is due to growing medical and end-use industry opportunities. The two major markets for glass bonding adhesives in Europe are the furniture and the electronics industry.
Key Market Players
The key market players in the glass bonding adhesive market are:
Based on Type
Based on End-Use Industry
The report offers a comprehensive insight on the Glass Bonding Adhesives Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
Exhaustive secondary research and in-depth primary interviews with industry experts has been conducted to present qualitative and quantitative insights in the report.
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