Europe Glass Bonding Adhesives Market, led by France, Italy and Germany may witness rapid pace of demand due to substantial spending on healthcare and high production and sales of automotive parts in Western European countries. Glass bonding adhesives are an appropriate replacement for nuts and bolts used in aerospace and automotive industry reducing overall weight of the vehicle. Stringent regulations governing VOC emissions from glues used in building and construction products, electronic components and automotive body will propel the use of sustainable non-hazardous glass bonding adhesive which are more environment friendly and technologically advanced.Request for table of contents of this report @ https://www.gminsights.com/request-toc/upcoming/2657
Global Glass Bonding Adhesives Market size is expected to grow significantly as industry has witnessed an upward trend since 2013 and should account for high gains during forecast timeframe. Increasing demand from both glass processing industries and individual glazier shops should drive industry size. Growing product demand as adhesive solutions for its use in variety of industries including construction, automobile, furniture, optical glass lenses, optical displays for equipment will boost industry growth.
Global consumer electronics market is predicted to surpass USD 1500 billion by 2024 with advancements in devices including smartphones, earphones and headphones, household appliances and speakers is expected to fuel the consumer electronics market. Silicon adhesives are recommended for bonding large areas of glass as they have a high resistance to the effects of ultraviolet light and have a high elongation. It is also widely used in electronics application thus boosting glass bonding adhesives market demand.
Global auto parts manufacturing market is anticipated to grow around USD 460 billion by the end of 2024 which is likely to drive the glass bonding adhesive industry. Glass bonding adhesives are used for adhering components including windshield, headlights , side windows,rear window, , and bonding to glass (stickers/labels, button, rearview mirror , etc.). In 2017, 73.5 million passenger cars were produced globally with China, Japan, Germany and India being the largest producer of the passenger vehicles which thereby should boost industry size.
North America, led by US and Canada is expected to witness high growth in glass bonding adhesives from medical devices application due to increasing ageing population with multiple chronic diseases and favourable government regulations related to healthcare. Market expansion will be driven by increasing move towards personalised therapy, introduction of innovative devices to cure illnesses associated with ageing population, increasing investment in health insurance facilities and changing lifestyle.
Global glass bonding adhesive market share is moderately consolidated with key industry participants including KIWO, Ashland, Dymax Corporation, Bohle AG, H.B. Fuller Company, Henkel AG & Co., Sika AG, Master Bond Inc.DowDuPont which are an integral part of the market focused on strengthening their regional presence.
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