Glass Bonding Adhesives Market Overview
Market Research Future (MRFR) has revealed in its latest report that the global glass bonding adhesives market is set to expand at a moderate CAGR throughout the forecast period 2021 to 2030. The key players participating in the competitive landscape strategize mergers & acquisitions, product developments, adoption of latest technologies, etc. which is likely to encourage the market expansion.
The glass bonding adhesives are used across different booming industry verticals which are expected to boost sales in the global Glass Bonding Adhesives Industry over the next few years. Some of the en-user industries that are poised to fuel demand in the market are automotive, aerospace, construction, etc. The increasing prevalence of fuel efficient and lightweight automotive is expected to drive the proliferation of glass bonding adhesives market. Additionally, the increasing demand for durable electronics is also projected to aid the expansion of glass bonding adhesives market across the review period.
The demand for eco-friendly adhesives has opened avenues of growth opportunities for market players. Increased research and development activities coupled with massive investments are expected to be witnessed in the market. This, in turn, is projected to catapult the glass bonding adhesives market on an upward trajectory. However, the high cost of the adhesives remains an impediment to the market growth.
Glass Bonding Adhesives Market Segmentation:
By type, the global glass bonding adhesives market is segmented into polyurethane, modifies silanes adhesives, silicone adhesives, acrylate adhesives, epoxy adhesives, cyanoacrylate adhesives, polysulfides, UV/ LED curing, and others.
By end-user industry, the glass bonding adhesives market has been segmented into automotive, aerospace, furniture, construction, electronics, consumer goods, medical, and others.
Glass Bonding Adhesives Market Regional Analysis:
By region, the global glass bonding adhesives market has been segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is expected to retain a dominant share of the market towards the end of the assessment period. The boom witnessed in the automotive, electronics and construction industries in the region are poised to fuel demand in the glass bonding adhesives market North America is projected to remain an important growth pocket owing to the efforts channelized for reviving construction sector. Meanwhile, the growth of the automotive sector in Europe is likely to complement the glass bonding adhesives market in the region over the next couple of years. Latin America is set to witness market growth due to the presence of countries such as Mexico, Brazil, others, etc. The Middle East & Africa is projected to exhibit a steep rise in construction activities which is likely to propel demand for glass bonding adhesives.
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Glass Bonding Adhesives Market Competitive Dashboard:
Some of the key players profiled in the report by MRFR are H.B. Fuller Company (U.S.), Sika AG (Switzerland), Henkel AG & Co. KGaA (Germany), Dymax Corporation (U.S.), KIWO (Germany), ThreeBond Holdings Co., Ltd. (Japan), 3M (U.S.), DowDuPont (U.S.), Bohle AG (Germany), Ashland (U.S.), Master Bond Inc. (U.S.), and Permabond LLC. (U.K).
Glass Bonding Adhesives Market Industry News:
In August 2018, Graphene 3D Lab, Inc. has capitalized on groundbreaking properties of graphene and other advanced materials. It has launched G6-EpoxyTM which can be used for different applications including glass bonding.
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