Market Forecast for Glass Bonding Adhesives Industry: Growth Potential and Demand Analysis

The glass bonding adhesives market size has grown strongly in recent years. It will grow from $3.14 billion in 2023 to $3.4 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to automotive industry growth, renewable energy projects, demand for aesthetic designs, increasing use of glass in furniture, medical device manufacturing, environmental concerns..

The glass bonding adhesives market size is expected to see strong growth in the next few years. It will grow to $4.71 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to electric vehicle adoption, increasing use of wearables, expansion of the aerospace industry, e-commerce growth, rapid urbanization, energy-efficient building standards.. Major trends in the forecast period include uv-curing adhesives, high-performance structural adhesives, hybrid adhesive technologies, customized formulations for specific industries, digitalization and automation in manufacturing, 5g technology deployment..

Market Overview -
Glass bonding adhesives are substances made for fusing two surfaces together, such as glass to glass or other substrates like plastics, metals, and rubbers. They are produced using a variety of substances, including silicone, epoxy, polyurethane, and cyanoacrylate.

Download Free Sample of Report -

https://www.thebusinessresearchcompany.com/sample.aspx?id=9211&type=smp

Expanding Automotive Industry Drives The Glass Bonding Adhesive Market
The expanding automotive industry is expected to be the key driver of the glass bonding adhesive market. The automotive industry refers to an industry involved in designing, manufacturing, wholesale, retailing, and maintaining motor vehicles. Glass bonding adhesive helps the automotive industry by utilizing in the vehicle assembly bonding process as makers progressively use sandwich panels, fiberglass composites, and sophisticated polymers into their vehicle designs to lighten them, increase their structural integrity, longevity, and thermal stability. For instance, in November 2022, according to the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association of motor vehicles, UK's car production has risen to 7.4% to 69,524 units as compared to the previous years. Additionally, with more than eight out of ten (81.2%) automobiles produced going overseas, or 56,469 units, exports of the newest mass-market, luxury, and specialty models propelled volume production, in which shipments include to the US (26.4%), Japan (6.0%), South Korea (68.7%), and Australia (125.4%). Therefore, the expanding automotive industry is driving the growth of the glass bonding adhesive market.

Competitive Landscape -
Major companies operating in the glass bonding adhesives market report are AkzoNobel NV, Arkema SA, Ashland Global Holdings Inc., Avery Dennison Corporation, Bohle AG, Bostik SA, Chemence Ltd., Collano Adhesives AG, Daubert Chemical Company Inc., DELO Industrie Klebstoffe GmbH & Co KGaA, DIC Corporation, Dow Inc., DuPont de Nemours Inc., Dymax Corporation, EMS-Chemie Holding AG, Evonik Industries AG, Harvey Benjamin Fuller, Henkel AG & Co KGaA, Hexion Inc., Huntsman Corporation, Jowat SE, Kiwo Inc., Kumkang Korea Chemicals Co. Ltd, Mapei SpA, Master Bond Inc., Minnesota Mining and Manufacturing Company, Momentive Performance Materials Inc., Parker Hannifin Corporation, Permabond LLC, Pidilite Industries Limited, Royal Adhesives & Sealants LLC, Sabre Corporation, Scott Bader Company Ltd., Sika AG, Solvay SA, ThreeBond Group, Wacker Chemie AG .

Advancement In Bonding Technology
Advancement in bonding technology is a key trend gaining popularity in the glass bonding adhesive. Major companies operating in the market are developing innovative products to strengthen their position in the market. For instance, in January 2023, Henkel AG & Co. KGaA, a Germany-based company operating in adhesives and sealants, introduced Loctite 3296, a new adhesive for lens bonding in ADAS sensors. Loctite 3296 is a dual-cure adhesive UV and thermal that meet a variety of assembly requirements through their respective adhesive performance characteristics. It is intended for assembly operations that require low post-cure temperatures and delivers a high cure depth after only a few seconds of exposure to UV light which makes it advantageous for precisely assembling the components of a camera module.

Browse Full Report @

https://www.thebusinessresearchcompany.com/report/glass-bonding-adhesives-global-market-report

Key Segments -

The glass bonding adhesives market covered in this report is segmented -

1) By Type: Polyurethane, Modified Silanes Adhesives, Silicone Adhesives, Acrylate Adhesives, Epoxy Adhesives, Cyanoacrylate Adhesives, Polysulfides, UV Or LED Curing, Other Types
2) By Application: Construction, Furniture, Automotive And Transportation, Electronics And Appliances, Consumer Goods, Medical Devices, Other Applicatons
3) By End-Use Industry: Automotive, Aerospace, Furniture, Construction, Electronics, Consumer Goods, Medical, Other End-Use Industries

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.