According to a recent research study, the market is set to witness healthy growth during 2021-2031 with CAGR of 6% to 8% during the period. Demand is projected to witness quick recovery in short-term, with growth outlook in the long-run forecasted to remain promising.
Growing need for adhesive solutions in a number of industries, such as construction, automobiles, furniture, optical glass lenses, and equipment displays, will propel the market forward. Applicability over a wide temperature range, accurate alignment stability, low stress, high strength, great adhesion, minimal out-gassing, and extended life should all help to drive the industry forward.
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What is Driving Demand for Glass Adhesives?
Glass Adhesives market size is expected to grow as disposable income rises, customer preferences evolve, and demand for elegant furniture models with glass rises at the same time.
Massive investments are being made in emerging economies to meet the demand for automotive, aerospace, infrastructure development, and rail projects. This expansion necessitates the use of a high-quality, high-performance glue.
This glue has a track record of delivering excellent results at a reasonable cost and with the shortest assembly time. As a result, it dominated the traditional glue industry and became a need for discrete production and assembly businesses.
Among the product types, UV curable epoxy and silicone type adhesives are expected to be the fastest-growing. Glass Adhesives is a non-hazardous, long-lasting glue that is more technologically sophisticated than standard adhesives.
Automotive & Transportation Sector to Propel Demand
Windshields of vehicles and public transportation buses are held together by glass adhesives. Because of the expansion of the automotive aftermarket business, particularly in emerging nations, automotive & transportation is projected to continue its position as a top consumer of these adhesives.
Glass adhesives are projected to outperform other types of adhesive materials in the automotive sector due to a need to reduce overall weight of automobile body components.
The automotive and transportation industries frequently use epoxy, UV curable, silicone, acrylic, and polyurethane formulations. Over the projected period, the usage of adhesives for assembling, glueing, and laminating automotive body components is predicted to drive worldwide market growth.
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North America Demand Outlook for Glass Adhesives
North America is the second-largest consumer and manufacturer of automotive globally. The expanding prospects in the medical industry, as well as the rising industrial end-uses, are helping drive the market in this region along with the automotive industry. Glass Adhesives is being more widely used in the electronics, consumer goods, and medical device industries in the United States and Canada, which are regarded important growth drivers for the market.
Due to the significant healthcare spending in U.S. and Canada, North America region is likely to see rapid growth from medical device applications. Increased adoption of tailored therapy, the launch of breakthrough equipment to treat ailments linked with an ageing population, increased investment in health insurance facilities, and changing lifestyles will all contribute to market growth.
Who are the Key Manufacturers and Suppliers of Glass Adhesives?
Some of the leading manufacturers and suppliers include
- B. Fuller
- Henkel AG & Co. KGaA
- The 3M Company
- Ashland Inc.
- Sika AG
- The Dow Chemical Company
are some of the major players operating in the industry.
- Dymax Corporation
- DELO Industrial Adhesives
- Permabond LLC
- Master Bond Inc.
- Others
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