According to the latest report by IMARC Group “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. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.
Glass bonding adhesives refer to several agents that are utilized for joining two surfaces like glass to glass or to other substrates, including metals, plastics and rubbers. They are manufactured using several materials, such as epoxy, cyanoacrylate, silicone, polyurethane, etc. Glass bonding adhesives provide exceptional performance at minimum costs as they are easy to apply, have high strength bond and exhibit resistance to low temperature. As a result, these adhesives are gaining immense traction across various industries, including construction, electronics, furniture, automotive, consumer goods and medical devices.
Market Trends:
The growing utilization of glass bonding adhesives in the healthcare sector is primarily driving the market growth. These additives help to design modern pharmaceutical systems to facilitate targeted drug delivery and optimize drug release rates. Furthermore, in the automotive industry, glass bonding adhesives are used as an efficient substitute for nuts and bolts as they minimize the overall weight of the vehicle. Besides this, continuous advancements in bonding technology and the introduction of sustainable non-hazardous glass bonding adhesives have created numerous opportunities for manufacturers across the electronic and construction industries. These adhesives are extensively utilized in smartphones, headphones, speakers, and other consumer electronics. Furthermore, the wide applications of glass as a reinforcing element in windows and facades will continue to bolster the demand for glass bonding adhesives in the coming years.
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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.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Ashland Inc.
- DELO Industrie Klebstoffe GmbH & Co. KGaA
- Dymax Corporation
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Master Bond Inc.
- Permabond LLC
- Sika AG
- The 3M Company
- The Dow Chemical Company.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Product:
- UV Cured
- Polyurethane
- Acrylic
- Silicone
- Others
Breakup by Application:
- Construction
- Furniture
- Automotive and Transportation
- Electronics and Appliances
- Consumer Goods
- Medical Devices
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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