Glass Bonding Adhesives Market 2024 | Size, Top Trends, Growth, Share, Key Drivers | AkzoNobel NV, Arkema SA, Ashland Global Holdings Inc., Avery Dennison Corporation, Bohle AG i S.A.

Overview and Scope
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.

Sizing and Forecast
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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Segmentation & Regional Insights
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

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

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the market are launching new products to sustain their position in the market. For instance, in May 2022, DINOL, a Germany-based manufacturer & supplier of adhesives, sealants, corrosion protection-prevention, and sound deadener / anti-vibration materials, launched an upgraded 30-minute safe-drive-away, glass bonding adhesive called Dinitrol 9100 HD to replace the previous Dinitrol 9100. This adhesive is used in conjunction with the proper pre-treatments for bonding glass in vehicle construction for new glazing and repair. This allows for less waiting time before driving, which is convenient for consumers. Dinitrol 9100 HD is intended for use with a variety of glass and surfaces, making it appropriate for a wide range of applications.

The glass bonding adhesives market report table of contents includes:

1. Executive Summary

2. Glass Bonding Adhesives Market Characteristics

3. Glass Bonding Adhesives Market Trends And Strategies

4. Glass Bonding Adhesives Market – Macro Economic Scenario

5. Global Glass Bonding Adhesives Market Size and Growth

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32. Global Glass Bonding Adhesives Market Competitive Benchmarking

33. Global Glass Bonding Adhesives Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Glass Bonding Adhesives Market

35. Glass Bonding Adhesives Market Future Outlook and Potential Analysis

36. Appendix