According to the latest report by IMARC Group, titled “Glass Bonding Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global glass bonding adhesives market exhibited moderate growth during 2015-2020. Glass bonding adhesives refer to the process of joining one glass to another or to various other substrates, such as metals, rubbers, and plastics. These compounds involve the use of glue, epoxy, cyanoacrylate, oligomers, monomers, silicone, and polyurethane agents through the evaporation of a solvent or curing via heat, pressure, and time. Some other techniques used in glass bonding adhesives include ultraviolet (UV) curable, hybrid, and acrylic structural adhesive.As compared to other forms of adhesives, these solvent-free adhesives offer enhanced performance at lower costs. They also exhibit higher strength bond, resistance to low temperature, and water-resistant bonds to other substrates.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Glass Bonding Adhesives Market Trends:?
The global glass bonding adhesive market is primarily being driven by the growing demand for car windshield adhesives in lightweight and fuel-efficient automobiles, along with the rising product applications in the medical, furniture, and other end-use industries. In the healthcare sector, glass bonding adhesives are employed to design modern pharmaceutical devices and optimize targeted drug delivery systems, which is supporting market growth. Furthermore, the widespread adoption of non-hazardous, green, and sustainable adhesives due to the stringent regulations pertaining to environmental conservation is acting as another growth-inducing factor. Moreover, rapid advancements in bonding techniques and the development of durable, strong, and thermally resistant glass bonding adhesives to be utilized in consumer electronics, such as smartphones, headphones, and speakers, are catalyzing the market growth. Apart from this, continuous investments in research and development (R&D) activities to engineering cutting-edge and carbon-based petrochemical derivatives adhesive formulations that can be altered to a different range of viscosities depending on the application are further creating a positive outlook for the market. Looking forward, the market is expected to grow at a CAGR of around 6% during 2021-2026.
- Based on the product, the market has been divided into UV cured, polyurethane, acrylic, silicone, and others.
- On the basis of the application, the market has been classified into construction, furniture, automotive and transportation, electronic and appliances, consumer goods, medical devices, and others.
- On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy,?Spain,?Russia?and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being Ashland Inc., DELO IndustrieKlebstoffe GmbH & Co. KGaA, Dymax Corporation, H.B. Fuller Company, Henkel AG & Co. KGaA, Master Bond Inc., Permabond LLC, Sika AG, The 3M Company and The Dow Chemical Company.
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