Global Glass Bonding Adhesives Market 2017-2021
About Glass Bonding Adhesives
Glass bonding adhesives are used for bonding glass to metal or glass to glass in numerous substrates. The most commonly used glass bonding adhesives are UV/LED curing systems, cyanoacrylates, epoxies, polyurethanes, and silicones. The global glass bonding adhesives market is segmented based on its application areas which include furniture, electronics, transportation, medical, and others. Regional segmentation includes APAC, Americas, and EMEA.
Technavio’s analysts forecast the global glass bonding adhesives market to grow at a CAGR of 7.17% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global glass bonding adhesives market for 2017-2021. To calculate the market size, the report considers the sale of glass bonding adhesives in furniture, electronics, transportation, medical, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Glass Bonding Adhesives Market 2017-2021
Technavio recognizes the following companies as the key players in the global glass bonding adhesives market: 3M, The Dow Chemical Company, H.B. Fuller, Henkel, and Sika.
Other Prominent Vendors in the market are: Bohle, Dymax, KIWO, and Permabond.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing use of glass bonding adhesives in uv-curing technology. UV-curing adhesives are used as glass adhesives because of their high transparency and good stability. These are used for glass to metal, and glass to glass bonding. UV-curing technology is used in the manufacture of glassware, glass furniture, and acrylic glass. In the medical industry, glass bonding adhesives are often used in the optical sector, and in the bonding of medical devices even in high humidity and sunlight. UV light adhesives solidify when exposed to an appropriate wavelength and intensity of light.”
According to the report, one of the major drivers for this market is increase in disposable income among middle-class population segment. Globally, three billion people are expected to enter the middle-class segment in the next 20 years (starting from 2015). A rise in the disposable income among the middle-class has a positive impact on the growth of the market. Disposable income increased by 23% in APAC and 21% in Latin America between 2009 and 2014. The key markets in these regions include Japan, China, India, and Brazil. Per capita annual disposable income increased by 23.16% in Japan, 7.01% in China, and 8.61% in India in 2015 compared with 2014. The increasing income levels attract the marketers to invest in APAC.
Further, the report states that one of the major factors hindering the growth of this market is production constraints. Despite the continued development in the transportation, electronics, and furnishing sectors; increased government backing; and the demand for adhesives, manufacturers are plagued with production constraints. For instance, adhesives used for the packaging of food or medical products must adhere to specific requirements. They must be of high quality and should withstand mechanical stress, high temperatures, and aggressive chemicals. Such requirements constitute a major challenge for manufacturers as they must compete with superior products from their counterparts in terms of quality.
3M, The Dow Chemical Company, H.B. Fuller, Henkel, Sika, Bohle, Dymax, KIWO, and Permabond.