Adhesives used to bond glass are seeing high growth rates which are only expected to increase in the near future.
Glass bonding adhesives, which are used around the world in a number of different industrial sectors and for a variety of applications, are predicted to become more important in the coming years.
Experts predict the market will see a compound annual growth rate (CAGR) of 7.17% during the period 2017-2021, with the growth continuing until at least 2024.
There are a number of factors driving this growth, which should see the adhesives play an important part in the economic regeneration of several countries.
What Are They?
As the name suggests, glass bonding adhesives are the main method for sticking glass to a range of materials, including itself and metals.
Many products will use both a glass and metal bonding adhesive, such as those available at http://www.ct1ltd.com/, in their production process.
The glass adhesives are used in a variety of industrial sectors, the most important of which are construction, the medical industry and electronics. They are also used in furniture.
Because of their applications, they are required to produce an extremely reliable strong bond and to be very durable – they are often used in load-bearing joints, for instance. They must also be able to perform well in extremes of temperature and humidity.
Glass bonding adhesives are produced in a range of different formats to suit different applications, including epoxies, silicones, polyurethanes and cyanoacrylates.
What’s Driving the Growth?
Several factors are having an influence on the growth of the market. Increasing demand for electronics, plus investment in the automotive sector, infrastructure and the development of rail and aerospace are some of the main ones.
Globally, there has also been an increase in demand for furniture, while the medical sector is seeing consistent growth across the world.
According to the latest reports, the largest share of the market is in silicone resin, while the region seeing the biggest growth is Asia-Pacific. This should perhaps not be surprising. According to the World Bank, the region’s economies are projected to expand at 6.2% this year and 6.1% in 2018.
This consistent level of growth is due mainly to a rise in foreign investment in the area, as well as higher levels of demand for electronic and other goods as poverty continues to fall.