Global Bonding Adhesives Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at XX % through 2020 to 2026, reaching nearly US$ XX Mn in the forecast period.
The global Bonding Adhesives Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Bonding Adhesives Market report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Bonding Adhesives Market Overview:
Bonding adhesive is used to affix two surfaces together, by producing a smooth bond. This fixing technique comprises glues, epoxies, or various plastic agents that bond by evaporation of a solvent or by preserving a bonding agent with heat, pressure, or time. Traditionally, glues have produced relatively weak bonds. As compared to mechanical joints, adhesive bonds offer smooth outlines and are also faster and economical to form than mechanical fastening. Adhesive bonds are vigorously shaken before the application and the mixed with clean water in a 2:1 ratio of water with bonding adhesives.
Global Bonding Adhesives Market Dynamics:
The rising demand for bonding adhesives in building and construction like permeant houses and exclusive furniture is boosting the market. The growing urbanization and modernization in countries like China, Indonesia, Vietnam, Brazil, and Mexico. The disposable income per capita has given a hit to the growth of permeant houses. And this is boosting the market of bonding adhesives.
The driving properties of adhesive bonding are the ability to join different materials, fast and economical techniques, provides design convenience and flexibility, the sealing properties to fill the gaps and voids, provides larger stress-bearing area, improves stiffness, excellent fatigue strength. These properties help to provide superior-bonding adhesives.
The market is growing with new technological development like the invention of non-hazardous, green, and sustainable bonding adhesives. To protect the environment and use of harmful chemicals the foreign environmental agencies like the United States Environmental protection Association (USEPA), Europe's Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), and Leadership in Environmental Design (LEED) have obligated the manufactures to produce eco-friendly adhesives and low or no VOC levels. The shifting trend towards sustainable products is making the manufacturers invest in the market and is giving more opportunities. Owed to the inculcation of renewable, biodegradable, recyclable products and the lifelong benefits of them is further boosting the market expansion.
Global Bonding Adhesives Market Segment Analysis:
By Type, the segment is divided into glass bonding adhesives, fiber-bonding adhesives, metal-bonding adhesives, and others (including friction bonding adhesives). Glass Bonding Adhesives are dominating the type segment of the bonding adhesive market. The market share of glass bond adhesives is predicted to reach USD 1.89 billion with a growing CAGR of 7.8% in the forecast period. Glass bonding adhesives are manufactured from various raw materials like monomers, oligomers, and additives. Types of glass bonding adhesives are UV curable acrylate, silicone, UV curable epoxy, polyurethane, and others.
The glass bond adhesives are employed in various applications like electronics, furniture, transportation, medical, and industrial application. The driving properties of glass bonding adhesives are low-temperature resistance, high bond strength, excellent adhesion properties of the glass bond, thermal expansion.
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By Application, the segment is categorized into Building and construction automotive, packaging, electronics, industrial assembly, transportation, medical, and furniture. There are various applications of bonding adhesives in the construction industry, for example, carpet, tiling, wallpapers, and exterior insulation systems. Bonding adhesives are also used to hold curtain wall panels and insulating glass units in place. Hence, the increasing demand for bonding adhesives from the construction industry is a key driver for the market.
The second dominating is the medical device sector in the application segment. Acrylic-based adhesives are utilized in bonding polycarbonate medical devices like filters, blood pressure transducers, arteriography manifolds, cardiotomy reservoirs, and blood oxygenators. Epoxies are also being used for joining filter components. Different types of adhesive used in medicine are structural adhesive, non-structural adhesive, and pressure-sensitive in various applications.
Global Bonding Adhesives Market Regional Insights:
Global Bonding Adhesives Market Regional Insights is segmented into North America, Asia Pacific, Europe, Latin America, Middle East, and Africa.
The Asia Pacific is dominating the regional market of bonding adhesives. The Asia Pacific is anticipated to show exponential growth in the bonding adhesives market. Due to the rising number of manufacturing industries, building and construction, cheap labor, and high economic growth. The dominating countries of the Asia Pacific in the bonding adhesive market are Taiwan, Korea, China, and India owing to a rapid increase in electronic components. The Asia Pacific is leading in the glass bond adhesives market and is driven by the electronic industry and medical industry. The market share of adhesives in India is forecast to cross USD 1.34 billion shortly due to the growing furniture and construction industries in the region.
North America is second dominating in the glass bond adhesives market and the largest consumer and manufactures of glass bonding adhesives. The strong and growing medical industry in the region is responsible for the expansion of the market in the region. The leading companies of glass bond present in North America are H.B. Fuller Company, Dymax Corporation, 3M Company, Dow Chemical Company.
The objective of the report is to present a comprehensive analysis of the global Bonding Adhesives Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Bonding Adhesives Market dynamics, structure by analyzing the market segments and project the global Bonding Adhesives Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global Bonding Adhesives Market make the report investor’s guide.
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Global Bonding Adhesives Market Scope: Inquire before buying
Global Bonding Adhesives Market, by Region
• North America
• Europe
• Asia Pacific
• South America
Global Bonding Adhesives Market Key Player
• H.B. Fuller Co.
• The 3M Company
• Perma Bond Engineering Adhesives Ltd.
• The Dow Chemical Company
• Three Bond Holdings Co. Ltd.
• Sika A.G
• Bohle Group
• Henkel A.G & Co. KGAA
• Dymax Corporation
• Ashland Inc.
• KIWO.
• Huntsman Advanced Materials
• Dymax Corporation
• Royal Dutch Shell
• Sika A.G.,
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