Glass Bonding Adhesive Market Business Opportunities in 2022
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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