Global Adhesives & Sealants for Insulated Glass Market by End Use (Building & Construction, Automotive & Transportation), by Resin (Silicone, Polyurethane) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global adhesives & sealants insulated glass market was valued at USD 4.92 Billion in 2017. It is expected to grow 6.7% between 2018 and 2025. The primary driver of product demand is the rapid growth in the construction, automotive and transportation industries around the world. For the assembly of glass, metals, rubbers, plastics, and other products in automobile manufacturing and construction projects, adhesives & sealants are used. High-performance sealants offer advantages over other joining methods such as sewing, welding, bolting, screwing, or sewing. Adhesive bonding is a tool that manufacturers use to produce lightweight vehicles. This helps in improving fuel economy as well as reducing the need for resources such conventional metals and plastics.

The rapid industrialization of emerging markets like India and China and the exponential growth in GDP are expected to increase manufacturing and chemical sector output. China, India, Cambodia, and Myanmar had the highest rates of GDP growth in 2017, at 6.9%, 7.2%, 7.2%, 7.9%, and 7.9%, respectively. This is expected to increase production in the Asia Pacific region and generate higher demand for adhesives and sealants during the forecast period.

The market growth is expected to be driven by significant demand from the global construction industry. The demand for urban housing infrastructure is expected to rise due to rising disposable income and increasing urban populations, particularly in Latin America, Asia Pacific, and Latin America. In the future, the demand for product is expected to grow due to the recovery in North America's construction sector and Europe's.

There are many types of polymers used to make adhesives and sealants. The most popular resin types for insulated glass applications are silicone, and polyurethane (PU). Prices of polymers depend on the global crude oil markets. Their price trends are closely related to those of crude oil because most of them are made from this source. Market growth is limited by the volatility of raw materials like crude oil.

Resin Type Insights

With a 31.80% volume share, polyurethane dominated the market in 2017. Their demand for insulated glass bonding applications is driven by their high flexibility, great impact resistance and chemical resistance. Their low cost is expected to further drive their demand. The segment may be limited by silicone sealants' lower wear and temperature resistance.

Silicone is expected to grow at a 6.5% CAGR over the forecast period in terms of revenue. The segment is expected to grow because of its high thermal stability, adhesion and aesthetic properties, as well as extreme weather resistance. The resin has a higher bonding speed than other resins and is expected to have a longer life span.

Because of their high corrosion resistance and strength, polysulfide resins have been widely used in adhesives and sealants. They can bond quickly to many metal substrates, increasing productivity and decreasing production times. They are used primarily in applications that require a strong, flexible, and waterproof seal, such as chemical storage tanks, petrochemical plants, and wastewater treatment plant.

They can also cure underwater due to their versatility in curing. Their eco-friendly nature is the main reason hot melt sealants are growing. These adhesives reduce the emission of volatile organic compounds (VOCs). These adhesives do not require water or solvents and have a fast set time. Because of their high bonding speed and strong resistance, they are popular in automotive, packaging and assembly applications.

End-Use Information

Automotive & Transportation is expected to grow at 6.4% in volume over the forecast period. The key driver of segment growth is the increase in automotive production and the shift from metal joining to adhesives. Insulated glass will be in demand due to consumers' desire for safer features and strict safety standards from various regulatory bodies. This will lead to lucrative opportunities in the automotive market.

Building & construction is predicted to be the second-fastest-growing segment during the forecast period. Adhesives and sealants can be used in building and construction to form invisible and permanent connections between insulated glass surfaces and metal or wood surfaces. They are resistant to water, corrosion, and thermal extremes, increasing the durability and life expectancy of building components. The market is expected to grow because of the increasing number and quality of construction projects in Asia Pacific.

Other uses include medical, aerospace, marine, as well as agricultural machinery. Agrarian machinery is one of the fastest growing markets for insulated glass because of its ability to grow with rising disposable income. Aerospace is another market that uses adhesives and sealants for insulated glasses. High-performance adhesives are able to improve performance, reduce weight and increase fuel efficiency for commercial aircrafts.

Regional Insights

Asia Pacific accounted for the largest market share in terms of revenue in 2017. Asia Pacific is expected to grow the fastest in the future due to rapid industrialization, increasing urbanization and strong economic development. China, India, Indonesia and other emerging countries are seeing significant public and private investments in infrastructure, commercial and residential construction, as well as infrastructure projects. The region is also expected to see a high demand for commercial and passenger vehicles, especially in these countries.

These factors are all expected to influence the region's product demand. In 2017, North America accounted for a significant industry share, with the U.S. leading the charge. The U.S. housing market is recovering and facilitating the growth in the construction sector, which in turn fuels the product demand. Recent trends suggest that Original Equipment Manufacturers in this region are now focusing on upgrading the older models of heavy vehicles such as buses and trucks with more energy-efficient components such as insulated windshields.

The market is expected to be driven by this initiative. The EU Commission's initiatives Construction 2020 and EU Construction and Demolition Waste proposal are expected to drive the European market. In order to increase demand for insulated glass, it is important that existing buildings are retrofitted with green building solutions in order to improve their energy efficiency. This will also boost the adhesives and sealants market.

Market Share Insights & Key Companies

Henkel AG & Co. KGaA and Huntsman Corp. are some of the most prominent companies in this market. This market is very cost-intensive. It is dominated by large multinational corporations, which are present throughout the value chain. These companies have adopted two main strategies: expansions and acquisitions. Due to stringent government regulations, industry players and academics have been focusing their attention on the development bio-based adhesives. Iowa State Univ. and the Center for Bioplastics and Biocomposites are two examples. Researchers are studying bioadvantaged materials for the production adhesives and sealants.

Report Scope on Adhesives and Sealants for Insulated Glass

The Report Covers Certain Segments

This report forecasts volume and revenue growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2014 through 2025. Grand View Research has divided the global adhesives and sealants for insulated glasses market report on the basis resin type, region, and end-use.

• Resin Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • Polyisobutylene

  • Polysulfide

  • Polyurethane

  • Silicone

  • Acrylic

  • Hot-melt

  • PVC

  • Butyl

  • Epoxy

• End-Use Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)

  • Building & Construction

  • Automotive & Transportation

  • Other

• Regional Outlook (Volume of Kilotons; Revenues, USD Million, 2014-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • The U.K.

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

    • Mexico

  • Middle East & Africa

These are the most frequently asked questions about this report

b. Global adhesives and sealants market for insulated glass was valued at USD 5.5 Billion in 2019, and is forecast to grow to USD 5.8 Billion by 2020.

b. Global adhesives and sealants market for insulated glass is expected to expand at 6.7% compound annual growth rate between 2019-2025, to reach USD 8.2 Billion by 2025.

b. With a 31% share in 2019, polyurethane was the dominant adhesives and sealants market for insulated glasses. This is due to its high flexibility, impact and chemical resistance.

b. Henkel AG & Co. KGaA and Huntsman Corp. are some of the key players in the adhesives & sealants for insulated glasses market. Kommerling, The 3M Company and Dow Corning are also among them.

b. High-performance sealants are a key factor driving market growth. They offer advantages over other joining techniques like sewing, welding, bolting and screwing.

Up Market Research published a new report titled “Adhesives & Sealants for Insulated Glass Market research report which is segmented by End Use (Building & Construction, Automotive & Transportation), by Resin (Silicone, Polyurethane), By Players/Companies as well as industry players, are focusing on the development of bio-based adhesives owing to the stringent government regulations For instance, Huntsman Corp, Henkel AG & Co KGaA, which are present across the value chain Acquisitions and expansions have emerged as the key strategies adopted by these companies However, Dow Corning The market is highly cost-intensive and is dominated by major multinational companies, Kommerling, The 3M Company, in recent times, academicians, Iowa State Univ are investigating bioadvantaged polymers for the production of adhesives & sealants, researchers at the Center for Bioplastics and Biocomposites”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Adhesives & Sealants for Insulated Glass Market Report Segments:

The market is segmented by End Use (Building & Construction, Automotive & Transportation), by Resin (Silicone, Polyurethane).

Adhesives & Sealants for Insulated Glass Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Adhesives & Sealants for Insulated Glass Market

Overview of the regional outlook of the Adhesives & Sealants for Insulated Glass Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Adhesives & Sealants for Insulated Glass Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Adhesives & Sealants for Insulated Glass Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Building & Construction

                2. Automotive & Transportation

                1. Silicone

                2. Polyurethane

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Adhesives & Sealants for Insulated Glass Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Adhesives & Sealants for Insulated Glass Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.