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Glass Bonding Adhesives Global Market Size, Share, Emerging Trends, Growth Drivers, Analysis, Report and Forecast 2024-2033 | AkzoNobel NV, Arkema SA, Bohle AG, Bostik SA, Chemence Ltd.
Glass Bonding Adhesives Market
As per the report, 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 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%.
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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.
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.
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
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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 .
Contents of the report:
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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