The global glass bonding adhesives market is anticipated to gain remarkable momentum over 2021-2027, on account of the high spending in R&D and manufacturing resources, alongside the mounting usage of polyurethane adhesives for vehicle glass bonding owing to their extraordinary elasticity, elongation, and abrasion-resistance properties. DuPont Mobility & Materials, for instance, revealed an investment of $5 million at its manufacturing facilities in Switzerland and Germany in 2021, with an aim to boost the capacity of its high-performance automotive adhesives such as BETASEAL™ glass bonding adhesives.
Glass bonding glues or adhesives are specifically designed to bond with unique glass surfaces properties such as clarity. The product has been gaining widespread adoption across multiple industries to fix broken antiques, dishware, appliances, and mirrors, among other things.
Escalating demand for car windshield adhesives in the burgeoning automotive industry, coupled with the rising product applications in medical, furniture, and other end-use industries, are the major factors fostering the overall glass bonding adhesives market trends. Premium glass bonding adhesives are applied in car windshields to deliver superior strength and flexibility for passenger safety during instances of accident or collision.
In terms of segmentation by material type, the UV curable epoxy segment is set to depict a high growth rate through 2027, owing to the myriad material benefits such as high temperature and chemical resistance, reduced odor, low shrinkage, and tack-free surfaces, alongside the rapid introduction of new materials by industry players. For example, Permabond Europe launched its cationic epoxy/UV adhesives, Permabond UV7220 & Permabond UV7221, designed to bond to a range of surfaces including glass materials.
On the regional front, the Europe glass bonding adhesives market is expected to register considerable revenue by 2027, due to the implementation of stringent regulations regarding the emission of air pollutants, including VOCs, by the European Union and the rapid production and sales of furniture in countries such as Germany. In addition, the significant recovery of the auto parts manufacturers from the COVID-19 pandemic owing to the increasing shift to digitalization and electrification in the region will boost the deployment of glass adhesives across a wide array of automotive assemblies such as windshields.
Key glass bonding adhesives industry players include Master Bond Inc., Sika AG, Henkel AG & Co., H.B. Fuller Company, Bohle AG, Dymax Corporation, Ashland, and KIWO, among others. These firms are focusing on strengthening their global presence through the implementation of varied strategies such as new product launches and mergers & acquisitions. For instance, in May 2021, Sika entered an agreement to acquire an adhesives business of Yokohama Rubber Company, Hamatite, with an aim to strengthen its position, increase access to major OEMs, as well as extend its sealant and adhesive offerings for the construction industry in Japan.
Short Supply of Raw Materials for Adhesives Amid COVID-19 & its Impact on Glass Bonding Adhesives Market Trends:
The implementation of strict lockdown and other restrictions during the coronavirus pandemic has taken a toll on businesses including e-Commerce, consumer goods, and automotive. Beyond the transportation-related delays due to travel restrictions and driver shortage issues, the outbreak has also impacted the supply of raw materials for adhesives.
However, a significant recovery in vehicle sales, especially in the Asia Pacific countries such as the Philippines and Indonesia, along with the gradual relaxation of COVID-19 restrictions, is likely to push the demand for automotive glass bonding adhesives in the upcoming years. For example, the Philippines recorded 22,062 units of vehicle sales in May 2021, an increase from the 4,788 units sold in 2020.