10-October-2019: The global insulated glass
adhesives & sealants market size is expected to reach
USD 8.29 billion by 2025 expanding at a CAGR of 6.7%, according to a new report
by Grand View Research, Inc. Rising demand for high-performance adhesives from
automotive and construction sector is anticipated to drive the market growth.
Insulated glass is extensively used in windows, doors, and windshield.
Adhesives & sealants are used to fix insulated glass unit to an assembly.
They help restrict the penetration of air, liquid, and solid particles and
provide stability and strength to the unit. The high bonding speed, superior
thermal stability, and extreme weather resistance offered by these adhesives
are expected to augment their demand further.
Rising spending in
the construction sector, especially in emerging economies of Asia Pacific and
Middle East, owing to growing population and robust economic development is
expected to positively impact the product penetration. The construction
industry, especially in China and India, is estimated to grow at a significant
rate owing to increasing demand for housing infrastructure. For instance, India
has a requirement of investments worth USD 777.73 billion in infrastructure by
2022. This is expected to provide lucrative opportunities for the market.
Polyurethane (PU) sealant acquired the highest market share in 2017 for bonding
insulated glass. These high-grade solutions possess great impact and chemicals
resistance. They are widely utilized across several industries, such as
construction and automotive.
It requires a
catalyst or an evaporation process with the help of air or heat, to complete
the curing process. However, PU adhesives & sealants have some constraints
like short shelf-life due to water absorption tendency and lengthy curing
process. Silicone sealants segment is predicted to expand at the fastest CAGR
during the estimate period on account of fast bonding speed and extreme weather
resistance offered by these sealants. Silicone is considered as an ideal
sealant for the colder temperature. Moreover, the longer lifespan as opposed to
PU sealants is expected to drive the segment. Latin America is poised to
witness significant growth in coming years. Booming automotive industry and
increasing construction activities in the region are expected to drive the
growth.
In addition, Latin
American countries, such as Brazil, Mexico, and Argentina, are emerging as
automobile manufacturing hubs owing to flexible regulations and availability of
cheap labor. Major companies who have consolidated the market include Huntsman
Corp., Henkel AG & Co. KGaA, Dow Corning, 3M Company, and Commerling.
Acquisition and expansion are the key strategic initiatives undertaken by most
of these companies to improve their market share and sustain competition. For
instance, in January 2017, Momentive Performance Material acquired Sea Lion
Technology, a U.S.-based chemical manufacturer. The deal comes as a part of
business strategy to expand their silane manufacturing capacity.
In
depth research report on Adhesives & Sealants for Insulated Glass Market
Further key findings from the study suggest:
·
Polyurethane led the insulated glass adhesives & sealants
market in 2017 with a revenue share of 31.9% owing to low cost and strong
adhesion properties
·
In terms of volume, silicones are likely to witness the
fastest CAGR over the forecast period due to high thermal stability and quick bonding
speed offered by them
·
In terms of revenue, automotive & transportation segment
is estimated to register the fastest CAGR of 7.2% from 2018 to 2025
·
Asia Pacific acquired the highest volume share of the global
market in 2017 owing to rapid industrialization and increased construction
activities in the region
·
Acquisition is a key strategy undertaken by the manufacturers
to expand their product portfolio and gain competitive advantage
Grand View Research
has segmented the global insulated glass adhesives & sealants market on the
basis of resin type, end use, and region:
Insulated Glass Adhesives & Sealants Resin Type Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Polyisobutylene
·
Polysulfide
·
Polyurethane
·
Silicone
·
Acrylic
·
Hot-melt
·
PVC
·
Butyl
·
Epoxy
Insulated Glass Adhesives & Sealants End Use Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Building & Construction
·
Automotive & Transportation
·
Others
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About
Grand View Research
Grand View Research, Inc. is the
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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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