Albany, NY -- (SBWire) -- 03/06/2017 --Global Glass Bonding Adhesives Market: Overview
In the last few years the global glass bonding adhesives market has witnessed considerable growth, which is expected to persist through the course of the report's forecast period from 2017 to 2025. Glass bonding adhesives are in high demand due to their characteristics such as high bond strength, low temperature resistance, excellent adhesion property, high bond strength, and low thermal expansion. Owing these properties, glass bonding adhesives are used across medical, furniture, electronics, transportation, and industrial assembly industries.
UV curable cyanoacrylate, polyurethane, UV curable epoxy, and silicone are the most common types of glass bonding adhesives available in the market presently. Of these, the demand for UV curable cyanoacrylate is considerably high as they are suitable across diverse applications. However, over the course of the forecast period. The demand for silicone is expected to rise at a higher pace due to its increasing usage in electronics and medical industries.
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The report presents a comprehensive market overview covering the various factors influencing its growth. It segments the market based on various criteria and evaluates the factors influencing its growth across them. A detailed analysis of the key restraints is included in the report as well. In addition, the report the impact of Porter's five forces on the overall market. The analysis is intended to gauge the bargaining power of suppliers and buyers, threat from substitutes and new entrants, and the degree of competition prevailing in the market.
Global Glass Bonding Adhesives Market: Trends and Opportunities
The global bonding adhesives market will majorly gain from the rising demand from end-use industries such as electronics, medical, furniture, transportation, industrial assembly, and others. These industries are expected to remain key application segments for the market through the forecast period. Hence factors stirring changes in them will have a significant influence in the overall glass bonding adhesives market.
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The demand for glass bonding adhesives is significantly high in the furniture industry. Opportunities for the furniture industry in emerging nations are immense, as the consumers in these countries demonstrate greater affordability and willingness to spend on beautification of their homes. Consequently, the glass bonding adhesives market will gain considerable traction in the emerging markets. In addition, these nations exhibit a high demand for advanced electronics, which yet another application segment in the global glass bonding adhesives segment.
Global Glass Bonding Adhesives Market: Regional Outlook
Among the key regional markets, the glass bonding adhesives market will witness considerable growth in Asia Pacific. The expanding electronics and medical industries in the region will fuel the demand for glass bonding adhesives in Asia Pacific. Besides this, the market will also witness lucrative opportunities in North America. Growth in this region will be mainly driven by the presence of several well-established industry. In addition, the opportunities witnessed in the Middle East and Africa will prove lucrative for enterprises operating in the glass bonding adhesives market.
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Global Glass Bonding Adhesives Market: Vendor Landscape
Ashland Inc., H.B. Fuller Company, 3M Company, Dymax Corporation, The Dow Chemical Company are some of the key enterprises operating in the global glass bonding adhesives market. All these companies enjoy stronghold in the global glass bonding adhesives market and is expected to remain stable through the forecast period. In order to expand their footprint, these companies will target emerging nations. Many of them are also investing in diversifying their product portfolios to emerge dominant in the market. Policies adopted by these companies are expected to have a significant influence on the global glass bonding adhesives market.
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Glass Bonding Adhesives Market Trends, Regulations and Competitive Landscape 2025
UV curable cyanoacrylate, polyurethane, UV curable epoxy, and silicone are the most common types of glass bonding adhesives available in the market presently.