Glass Bonding Adhesives Market Size, Development Analysis, Key Trends, Growth Rate And Future Forecast (2024-2033)

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Glass Bonding Adhesives Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $4.71 billion In 2028 At A CAGR Of 8.5%.

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..

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Glass Bonding Adhesives Market Major 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 Driver - 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.

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Prominent Trend - 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.

Glass Bonding Adhesives Market Players
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 .

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the glass bonding adhesives market in 2023. The regions covered in the glass bonding adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Glass Bonding Adhesives Market Report Structure
3. Glass Bonding Adhesives Market Trends And Strategies
4. Glass Bonding Adhesives Market - Macro Economic Scenario
5. Glass Bonding Adhesives Market Size And Growth
…..
27. Glass Bonding Adhesives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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