Glass Bonding Adhesives Market, By Product Type, By Application, By End User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
Glass Bonding Adhesives Market size was valued at USD 4,409.32 Million in 2023, expanding at a CAGR of 6.20% from 2024 to 2032.
Automotive manufacturers use glass bonding adhesives for windshield bonding, sunroof installations, and structural bonding to improve vehicle aesthetics and safety. In architecture, glass bonding adhesives are essential for installing glass facades, structural glazing, and interior glass fittings. Adhesives are replacing traditional bonding methods (e.g., welding) in automotive assembly, promoting their use in glass bonding for vehicle light-weighting and design flexibility. The initial investment required for switching to adhesive bonding methods can be higher compared to traditional methods, which may deter some industries, especially in cost-sensitive sectors. The shift towards electric vehicles necessitates lightweight materials like glass bonded with adhesives to improve efficiency and range, presenting a significant opportunity. There is potential for expanding applications beyond traditional sectors into new areas such as electronics, medical devices, and renewable energy technologies.
Glass Bonding Adhesives Market- Market Dynamics
Increasing Use in the Construction Sector Across the World
The global construction sector has been experiencing significant growth, driven by urbanization, infrastructure development, and increasing demand for residential and commercial spaces. This expansion has led to a corresponding rise in the demand for specialized construction materials, including glass-bonding adhesives. There is a growing preference for sleek and modern architectural designs that incorporate extensive use of glass. Adhesives allow for the seamless integration of glass components without visible mechanical fixings, enhancing the visual appeal of buildings. According to the data, the construction Industry in India is expected to reach $1.4 Tn by 2025 and a projected 600 Mn people are likely to be living in urban cores by 2030, creating a demand for 25 Mn added mid-end and affordable units. Increasing focus on building safety and sustainability has prompted the adoption of adhesives that comply with stringent regulatory standards for construction materials.
Glass Bonding Adhesives Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.20% over the forecast period (2024-2032)
Based on product type segmentation, UV Curable Adhesive was predicted to show maximum market share in the year 2023
Based on application segmentation, Automotive was the leading type in 2023
Based on region, Asia Pacific was the leading revenue generator in 2023
The Global Glass Bonding Adhesives Market is segmented on the basis of Product Type, Application, End User, and Region.
The market is divided into four categories based on product type: UV Curable Adhesive, Silicone Adhesives, Polyurethane Adhesives, and Acrylic Adhesive. The majority of sales came from UV-cured adhesives. Key application areas like furniture, electronics, automotive, and transportation are probably going to be the main drivers of product demand. Because of their strong resistance to impact stress, heat shock, yellowing, and yellowing, UV-cured glues are a preferred choice for glass bonding applications. Additionally, compared to alternative mechanical and thermal attachment techniques, the solutions provide minimal stress points and preserve the finished goods' overall visual appeal.
The market is divided into two categories based on application: Automotive, Construction, Consumer Goods, Medical Devices, and Others. Car and public transportation bus windscreens are bonded together using glass adhesives. Due to the expansion of the automotive aftermarket sector, particularly in developing nations, the automotive and transportation sectors are expected to continue ranking among the top consumers. Glass adhesives are predicted to be more popular in the automobile industry than alternative joining or attaching products due to a tendency towards reducing the total weight of the vehicle's body parts.
Glass bonding adhesives are expected to have the largest and fastest-growing market in the Asia-Pacific region. Some of the main drivers anticipated to propel market expansion include a high rate of economic growth, expanding manufacturing sectors, inexpensive labor, rising foreign investments, and an increase in the use of glass bonding adhesives in electronics and the automotive and transportation industries. The Asia-Pacific glass bonding adhesives market is predicted to grow at a rapid pace due to the presence of key hubs for electronic component production and large product consumption in OEM and aftermarket operations, such as China, South Korea, and Taiwan.
Major players in the Glass Bonding Adhesives Market includes Henkel AG & Co. KgaA, 3M Company, Sika AG, Dow Chemical Company, Bohle AG, Ashland Global Holdings Inc., etc. Henkel is a major player in the adhesives industry, offering a range of products including glass-bonding adhesives. They emphasize high-performance adhesives suitable for various applications. 3M Company is known for its innovation and technology across various sectors, 3M provides adhesive solutions for glass bonding that cater to both industrial and consumer needs. H.B. Fuller offers a wide array of adhesive solutions, including those designed specifically for bonding glass in automotive, construction, and industrial applications. Sika is a global company specializing in chemical products for construction and industrial applications, including structural adhesives for glass bonding.
Recent Developments:
In July 2023, Dow launched VORANOL CP-4000, a new polyol resin for use in glass bonding adhesives. The new resin is designed to improve the adhesion, durability, and flexibility of glass-bonding adhesives.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL GLASS BONDING ADHESIVES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Henkel AG & Co. KGaA
3M Company
H.B. Fuller
Sika AG
Dow Chemical Company
Permabond Engineering Adhesives
Bohle AG
Ashland Global Holdings Inc.
Master Bond Inc.
Dymax Corporation
Others
GLOBAL GLASS BONDING ADHESIVES MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 - 2032
UV Curable Adhesive
Silicone Adhesives
Polyurethane Adhesives
Acrylic Adhesive
GLOBAL GLASS BONDING ADHESIVES MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Automotive
Construction
Consumer Goods
Medical Devices
Others
GLOBAL GLASS BONDING ADHESIVES MARKET, BY END USER- MARKET ANALYSIS, 2019 - 2032
Automotive
Construction
Electronics
Medical
Furniture
Others
GLOBAL GLASS BONDING ADHESIVES MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Glass Bonding Adhesives Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Glass Bonding Adhesives Market Snippet by Product Type
2.1.2. Glass Bonding Adhesives Market Snippet by Application
2.1.3. Glass Bonding Adhesives Market Snippet by End User
2.1.4. Glass Bonding Adhesives Market Snippet by Country
2.1.5. Glass Bonding Adhesives Market Snippet by Region