The growth of glass bonding adhesives market is driven by the growing investments in new manufacturing plants for automotive, rail, wind, aerospace, infrastructure development industries, and various structural projects.
New York, NY -- (SBWIRE) -- 03/10/2017 -- Glass bonding adhesive Market: Drivers and Restraints
The growth of glass bonding adhesives market is driven by the growing investments in new manufacturing plants for automotive, rail, wind, aerospace, infrastructure development industries, and various structural projects. The demand from end use industries such as transportation, electronics and furniture for high quality glass bonding adhesives is also driving the glass bonding adhesives market. The increasing demand from medical industry for glass bonding adhesives is likewise driving the market. The growing end use industries in developing regions such as India, China, Mexico is anticipated to drive the glass bonding adhesives market during the forecast period.
Silicon is on the fastest growing segment in the global glass adhesives market. The developments in the silicon type glass bonding adhesives has increased its demand in medical, electronics application and glass bonding industries. The increasing prices of raw material may act as a restraint for the glass bonding adhesives market.
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Glass bonding adhesive Market: Region Wise Outlook
The global Glass bonding adhesive Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). APEJ is the fastest growing market for glass bonding adhesives. The countries such as Taiwan, China, and South Korea are the major hubs for the manufacturing of electronic equipment and components are expected to drive the glass bonding adhesive market in APEJ region. The major manufacturers of glass bonding adhesives have presence in North America region. The growing end use industries like transportation, electronics, and medical in U.S. and Canada is likely to drive the glass bonding adhesives market in this region.
Glass bonding adhesive Market: Key Players
Henkel AG & Co. KGaA
B. Fuller Company
Permabond Engineering Adhesives
The Dow Chemical Company
ThreeBond Holdings Co., Ltd.
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