Global Glass Bonding Adhesives Market 2017-2021

Overview of the global glass bonding adhesives market

Market research analysts at Technavio predict that the global glass bonding market will grow steadily during the forecast period and post a CAGR of more than 7% by 2021. This market research analysis identifies the rising demand for glass bonding adhesives from various end-user industries as one of the primary growth factors for this market.  Adhesives are required by various industries such as automotive, electronics, and aeronautical industries to ensure the durability of their products. The growing number of cars on roads, induced by higher disposable income and the increasing number of car manufacturers lead to an increase in number of automotive plants across the globe. This will subsequently increase the demand for glass bonding adhesives, which are widely used in windshields, rear windows, side windows, headlamps, stickers/labels, rearview mirror button, and others.

The market research report identifies the demand for bio-adhesives as one of the primary trends behind the growth of this market. Consumers are now aware about the benefits of using ecofriendly products in the construction, packaging, pharmaceutical, and automotive sector which is fueling the demand for bio-adhesives. Bio-adhesives are generally made of cellulose or soy, do not emit volatile organic compounds, and are safer and bio-compatible. The growing adoption of eco-friendly products for most end-user applications, in addition to stringent regulations and consumer awareness regarding the adverse effects of synthetic materials will foster the demand for bio-adhesives.

Competitive landscape and key vendors

The market consists of both established and small vendors competing in the market and the vendors focus on expanding their product plans and product innovations to gain market shares. Vendors are increasingly investing in R&D to produce differentiated products and to gain competitive advantage over their competitors. The vendors are planning to expand their operations globally to compete with the growing demand for glass bonding adhesives.

The leading vendors in the market are -

• 3M
• The Dow Chemical Company
• H.B. Fuller
• Henkel
• Sika

The other prominent vendors in the market are Bohle, Dymax, KIWO, and Permabond.

Segmentation by end user and analysis of the glass bonding adhesives market

• Furniture
• Electronics
• Transportation
• Medical

During 2016, the furniture segment accounted for the major shares and dominated this market. Commercial, domestic, and industrial sectors are increasingly using glass furniture such as tabletop, cabinets, paneling, wardrobes, glass shelves, partitions, kitchen cabinets, counter tops, modular kitchens, and others. Factors such as the elegant and appealing appearance along with low maintenance and ease of cleaning will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the glass bonding adhesives market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021 and this is mainly due to the high infrastructural development and favorable economic conditions. The various industries in this region are estimated to grow significantly due to various foreign investments that aid in optimizing or developing new industries. The high demand for glass bonding adhesives from the electronics, transportation, medical, and construction industries will have a positive impact on this market which is benefitted by the availability of cheap labor.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global glass bonding adhesives market?
• What are the key market trends impacting the growth of the global glass bonding adhesives market?
• What are the challenges to market growth?
• Who are the key vendors in the global glass bonding adhesives market?
• What are the market opportunities and threats faced by the vendors in the global glass bonding adhesives market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global glass bonding adhesives market? 

Technavio also offers customization on reports based on specific client requirement.