Glass Bonding Adhesives Market by Type (UV Curable Cyanoacrylate, Silicone, UV Curable Epoxy, Polyurethane), End-Use Industry (Furniture, Electronics, Medical, Transportation, Industrial Assembly), and Region - Global Forecast to 2021
“Increasing demand from various end-use industries in the emerging countries is the major driving factor in the growth of the glass bonding adhesives market”
The global glass bonding adhesives market is projected to reach USD 1.76 billion by 2021 at a CAGR of 7.4%. The growth is driven by the increasing investments in new manufacturing plants in the automotive, rail, aerospace, wind, infrastructure development industries, and structural projects. This growth is further driven by a rise in demand for high-performance, high-quality glass bonding adhesives from end-user industries, such as electronics, transportation, and furniture.
“Silicone is the fastest growing type expected to drive the growth of the glass bonding adhesives market”
Silicone is the fastest-growing resin in terms of volume in the global glass bonding adhesives market. With the developments in the glass bonding technology in silicone adhesives, the demand for glass bonding silicone adhesives has increased for the medical and electronics applications, due to its excellent chemical structure, fast-curing, and the inherent properties.
“Growing demand in Asia-Pacific is the major driver of the glass bonding adhesives market“
The Asia-Pacific region is the fastest-growing glass bonding adhesives market, in terms of value and volume. High economic growth rate, growing manufacturing industries, cheap labor, increasing foreign investments, increase in the applications of glass bonding adhesives in the medical, glass bonding, and electronics applications, are some of the major factors expected to drive the growth of the market. Countries such as China, South Korea, and Taiwan, which are major hubs for the production of electronic components, are expected to drive the growth of the glass bonding adhesives market in the Asia-Pacific region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
The breakdown of primary interviews is given below.
By Company Type - Tier 1 - 33%, Tier 2 – 60%, and Others - 7%
By Designation - C level - 56%, Director level - 33%, and Others - 11%
By Region - North America - 13%, Europe - 47%, Asia-Pacific - 20%, the Middle East & Africa - 13%, and South America - 7%
The key companies profiled in this market research report are, Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (U.S.), Ashland Inc. (U.S.), Dymax Corporation (U.S.), 3M Company (U.S.), Permabond Engineering Adhesives (U.K.), The Dow Chemical Company (U.S.), Bohle Group (Germany), KIWO (Germany) , ThreeBond Holdings Co., Ltd. (Japan), Sika A.G. (Switzerland), and other leading players.
This report covers the global glass bonding adhesives market, in terms of value as well as volume, and forecasts its market size till 2021 on the basis of type, end-use industry, and region. The report also provides company profiles and competitive strategies adopted by the key players in the global glass bonding adhesives market.
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the glass bonding adhesives market comprehensively and provides the closest approximations of the revenues for the overall market and the subsegments across the different verticals and regions.
2. It will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
3. It will help stakeholders understand the competitors and gain more insights to better their positions in their businesses. The competitive landscape section includes new product developments, partnerships, and mergers & acquisitions.