Glass bonding adhesives is a bonding technique used to bond one glass to another and/or to various other substrates such as metals, plastics, and rubbers. These compounds are available as silicones, epoxies, polysulfides, polyurethanes, cyanoacrylates, and UV/LED curing systems. The selection of a suitable adhesive for proper bonding of glass depends upon various factors. These include load and stress at which the glass resists, and functional and technical requirement of a joint. The bonding strength depends on the chosen material such as glass/glass, glass/ metal, glass/stone, and glass/wood. Glass bonding adhesives are used in a wide range of applications in the automotive industry. For instance, they are employed to bond glass in vehicles, manufacture water tanks and optical glasses, bond window glass to frame or structure, etc.
Based on product type, the glass bonding adhesives market can be segmented into UV-curable acrylate, silicone, UV-curable epoxy, polyurethanes, and others. Silicone accounted for significant share of the glass bonding adhesives market in 2015 due to the rising demand for these adhesives in end-use industries such as transportation. High demand for glass bonding adhesives in architecture and electronics is boosting the glass bonding adhesives market. The UV-curable acrylate segment is expected to experience high growth rate due to the increase in demand for glass bonding adhesives in the architecture industry. Growth in demand for these adhesives in end-use industries such as electronics, furniture, and transportation is anticipated to boost the glass bonding adhesives market across the globe. Expansion of the electrical & electronics sector has also augmented the demand for silicone in the glass bonding adhesives market. Demand for glass bonding adhesives has also increased significantly in glass water tanks and other glass storage applications.
In terms of region, the glass bonding adhesives market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of volume, Asia Pacific held the significant share of the glass bonding adhesives market in 2015. It was followed by North America and Europe. Asia Pacific is anticipated to dominate the glass bonding adhesives market during the forecast period owing to the high demand for these adhesives in emerging economies such as China, India, and Japan. Demand for glass bonding adhesives in Asia Pacific is anticipated to increase significantly in the near future, led by the increase in demand for these adhesives in end-use industries such as furniture, electronics, medical, transportation, and industrial assembly. In terms of end-use, the furniture segment is estimated to account for the prominent share of the glass bonding adhesives market during the forecast period. Increase in usage of glass bonding adhesives in electrical and electronics appliances is driving the glass bonding adhesives market. Significant industrial development is anticipated to open up new opportunities for the global glass bonding adhesives market. Economic development and rise in the number of applications are anticipated to augment the global glass bonding adhesives market in Asia Pacific. Increase in usage of glass bonding adhesives in electronics, medical, and construction end-use industries is likely to propel the global glass bonding adhesives market in the next few years.
Global demand for glass adhesives is projected to rise significantly in the near future, thereby offering high growth opportunities for companies operating in the glass bonding adhesive market. Rapid increase in demand in end-use applications, competitive manufacturing costs, and high economic growth rate are propelling the glass bonding adhesives market in Asia Pacific. These factors are encouraging companies to adopt expansion and R&D strategies in the region. Market players are focusing on Asia Pacific to gain higher market share. Producers of glass bonding adhesives have been compelled to adopt expansion and acquisition strategies to meet the global demand. Large numbers of producers are shifting their plants to countries such as China and India due to factors such as high demand and low raw material and labor costs.
Key players operating in the global glass bonding adhesives market are Three Bond Holdings Co., Ltd, Permabond Engineering Adhesives, Bohle Group, Henkel AG & Co. KGaA, Sika A.G., H.B. Fuller Company, Dymax Corporation, Ashland Inc., The Dow Chemical Company, 3M Company, and KIWO.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.