Glass Bonding Adhesive Market Analysis and Size
The glass bonding adhesives market is mainly driven by the rising adoption of green, sustainable and non-hazardous adhesives. Glass bonding adhesive is extensively used as a bonding agent for glass to glass and glass to other materials. These adhesive is used to bind glasses in several industries, including automotive, furniture, electronics and medical. The “UV curable epoxy” is the highest growing type segment of the market due to high temperature and chemical resistance, low shrinkage, reduced odour, and tack-free surfaces properties during the forecast period, Moreover, the growth in the construction and building industry is projected to increase the use of glass bonding adhesives especially in ceiling and facade constructions over the upcoming years.
Data Bridge Market Research analyses that the glass bonding adhesive market is expected to undergo a CAGR of 7.90% during the forecast period. This indicates that the market value, which was USD 3.23 billion in 2021, would rocket up to USD 5.93 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Market Definition
Glass bonding adhesive has high strength bonds which are more suitable for structural, decorative and glass bonding applications. These adhesives are good for bonding glass to glass or glass to other material and form very high strong bonds for load-bearing joints, such as in glass furniture, display cases and others. Glass bonding adhesives are available for use in several applications but it requires substrates with different thermal expansions. The high resistance and optical clarity to yellowing make these adhesives very popular for “invisible joints”.
Glass Bonding Adhesive Market Dynamics
Drivers
· Growing demand from several end user industries
Glass bonding adhesives is used in several end user industries such as electronics, transportation, and furniture. The demand of these adhesive increase due to their excellent quality. This is the major factor which is expected to drive the growth rate of the glass bonding adhesives market.
· Increase in demand due to the unique properties of glass bonding adhesives
The demand for glass bonding adhesive increases due to their unique properties such as rigidity, chemical inertness, non-yellowing, moisture resistance and others for binding procedures of numerous components expected to drive the market's growth rate.
· Rising demand in automotive sector
Glass bonding adhesives are very effective in creating insulating junctions or thermally conductive, making them perfect for use in the automobile industry. The increase in demand for battery vehicles, passenger vehicles, commercial vehicles, and electric automobiles is expected to drive the market's growth rate.
Opportunities
· Increase in investments by market players
DuPont Mobility & Materials, a leading manufacturing company, announced an investment of $5 million at its manufacturing facilities in Germany and Switzerland in 2021, with a goal to increase the capacity of its high-performance automotive adhesives such as BETASEA glass bonding adhesives.
· Launch of new materials by major market players
The surging new product launches by market players further offer numerous growth opportunities within the market. For instance, Permabond Europe has launched its cationic epoxy/UV adhesives, Permabond UV7221 and Permabond UV7220, which has designed to bond to a range of surfaces including glass materials.
Restraints/Challenges
· High cost of raw materials
The demand of the glass bonding adhesives may be restrained by increasing the prices of raw. They are more expensive than other traditional adhesive, which is restraining the demand from the consumer’s perspective.
· Advancement in traditional technologies
The advances in traditional adhesive technology is negatively impacted the demand of these adhesives and posing challenges, especially for UV cured glass adhesive.
This glass bonding adhesive market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the glass bonding adhesive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Glass Bonding Adhesive Market
The outbreak of COVID-19 pandemic has adversely adverse affected the growth of the several industries including glass bonding adhesives worldwide. It also posed unprecedented challenges on the sales, demand and production of glass bonding adhesives considering the delayed activities across the electronics and automotive sectors. This is on account of the advent of unfavourable situations, including the scarcity of labour and raw materials caused by the imposition of the social distancing and lockdown norms.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Glass Bonding Adhesive Market Scope
The glass bonding adhesive market is segmented on the basis of type, bonding nature, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
· Polyurethane Adhesives
· UV Curable Cyanoacrylate Adhesives
· UV Curable Epoxy Adhesives
· Others
Bonding Nature
· Substrate
· Obstruction
· Temperature
· Bond Area and Gap
· Stress
Application
· Automobile Headlamps
· Optical Displays for Equipment
· Glassware
· Stemware
· Equipment Panel
· Art Glass
· Bevel Bonding
· Optical Glass Lenses
· Crystal Figurines
· Point of Sale Displays
· Others
End User
· Furniture
· Electronics
· Medical
· Transportation
· Industrial Assembly
Glass Bonding Adhesive Market Regional Analysis/Insights
The glass bonding adhesive market is analysed and market size insights and trends are provided by country, type, bonding nature, application and end user as referenced above.
The countries covered in the glass bonding adhesive market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the glass bonding adhesive market during the forecast period due to the high availability of raw material and low labour costs in this region.
North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the growing end use industries such as electronics, transportation, and medical in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Glass Bonding Adhesive Market Share Analysis
The glass bonding adhesive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to glass bonding adhesive market.
Some of the major players operating in the glass bonding adhesive market are:
· DuPont (U.S.)
· SOLVAY (Belgium)
· Dow (U.S.)
· Henkel AG & Co. KgaA (Germany)
· 3M (U.S.)
· Bostik (France)
· Sika AG (Switzerland)
· H.B. Fuller (U.S.)
· BASF SE (Germany)
· DAP Global Inc.(U.S.)
· Owens Corning (U.S.)
· The Chemours Company (U.S.)
· Paroc Group (Finland)
· Kingspan Group (Ireland)
· DAIKIN (Japan)
· GAF (U.S.)
· SOLVAY (Belgium)
· Saint-Gobain (France)
· Franklin International (U.S.)
· Illinois Tool Works Inc. (U.S.)
· AVERY DENNISON CORPORATION (U.S.)
· Three Bond Holdings Co., Ltd. (Japan)
· Dymax (U.S.)
· Ashland (U.S.)
· Shell (U.K.)
Research Methodology: Global Glass Bonding Adhesive Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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