The global glass bonding adhesives market is expected to reach USD 4.42 billion by 2025, at a registered CAGR of 7.2%, according to a report by Grand View Research, Inc. Central & South America is estimated to witness high industry growth by 2025. The electronics & appliances and medical device applications are estimated to offer key opportunities for the industry growth.
UV curing, urethane, acrylics, and silicone are primarily utilized as bonding agents in various electronics & appliance products owing to their significant thermal barrier properties. Camera lens, computer screens, mobile displays, liquid crystal displays (LCD), LED display lamps, flat panel displays, and other electronic products require bonding agents for the adhesion of glass sheets with other composite and metal substrates.
Master Bond LLC offers LED curable glues for the efficient bonding of tinted or UV blocked glass substrates. The products are characterized by their outstanding light transmission properties, consistent process control, low energy consumption, and uniform intensity output.
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Electronics & appliances is estimated to offer lucrative opportunities in the industry over the forecast period, especially in Asia Pacific. The presence of major electronic components, as well as appliance manufacturers in the region, is estimated to enhance the product assembly activities, thus promoting the use of superior glass bonding glue over the years ahead.
Further key findings from the report suggest:
The U.S. accounted for the largest volume share of the total market in the North America region in 2016. The existence of well-established end-use markets including automotive & transportation, electronics, appliances, and furniture have been the key drivers of the product. Moreover, the recovery of the construction sector is estimated to boost the use of glass glues, especially in façade and ceiling constructions over the upcoming years.
Stringent regulations governing the VOC emissions from glues utilized in the industrial assembly of automotive body components, electronic components, and building & construction products are likely to propel the manufacturing and use of radiation cured, solvent free, and isocyanate free bonding agents.
The regulatory scenario in the U.S. is expected to provide favorable scope for the use of solvent free glues in the future. For instance, in 2015, the Massachusetts Department of Environmental Protection (MassDEP) revised the VOC emission limits for adhesives based on the application on various substrates. For fiberglass substrates, the emission limits were set at a value of 200 g/l, while for others the standard was increased to 250 g/l.
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New and technologically advanced product launches, acquisitions, joint ventures, significant forward integration of business operations across the value chain, and sustainability development are the major strategies implemented by manufacturers to strive for optimum business growth.
H.B. Fuller; Henkel AG & Co. KGaA; The 3M Company; Ashland Inc.; Sika AG; and The Dow Chemical Company are some of the major players operating in the industry. Dymax Corporation; DELO Industrial Adhesives; Permabond LLC; and Master Bond Inc. are few other important industry players.
In May 2017, Henkel AG & Co. KGaA launched HY 4080 GY and HY 4090, a new range of hybrid adhesives under the Loctite brand. The products are capable of bonding various substrate materials required in LED lighting, speakers, and sign bonding applications.
UV cured, silicone, acrylic, and polyurethane are the major product segments included in the research study. UV cured adhesives accounted for the largest revenue share of 40.3% in 2016. The product demand is likely to be driven by key application sectors such as furniture, medical devices, electronics, and automotive & transportation.
UV cured glues are favorably used for glass bonding applications owing to their high optical clarity and significant resistance against yellowing, impact load, and thermal shock. Furthermore, the products offer low-stress points as compared to other mechanical and thermal fastening methods and keep the overall aesthetic features of the finished goods intact.
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These products are highly utilized in glass to glass as well as glass to metal bonding applications such as automotive latches, potting of industrial product components, stemware, electronics & appliance assemblies, optical assembly, and furniture sectors.
Grand View Research has segmented the global glass bonding adhesives market on the basis of product, application:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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