Which Key Market Drivers Are Expected To Shape The Growth Trajectory Of The Glass Bonding Adhesives Market?
How Is The Glass Bonding Adhesives Market Size Forecasted To Progress From 2025 To 2029?
The glass bonding adhesives market size has grown strongly in recent years. It will grow from $3.38 billion in 2024 to $3.61 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. 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 $5.05 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. 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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What Are The Main Market Drivers Shaping The Progression Of The Glass Bonding Adhesives 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 May 2024, according to the data published by the International Energy Agency (IEA), a France-based intergovernmental organization, accounting for 48% of global car sales, SUVs reached a new record in 2023, further solidifying their popularity in the automotive market. Sales of SUVs in advanced economies surpassed 20 million in 2022, achieving a 50% market share for the first time, while over 360 million SUVs were on the roads worldwide. Therefore, the expanding automotive industry is driving the growth of the glass bonding adhesive market.
What Leading Segment Types Are Used To Analyze The Glass Bonding Adhesives Market?
The glass bonding adhesivesmarket 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 Applications
3) By End-Use Industry: Automotive, Aerospace, Furniture, Construction, Electronics, Consumer Goods, Medical, Other End-Use Industries
Subsegments:
1) By Polyurethane Adhesives: Moisture-Cured Polyurethane, One-Part Polyurethane, Two-Part Polyurethane
2) By Modified Silanes Adhesives: Silane Terminated Polyethers, Silane Terminated Polyurethanes
3) By Silicone Adhesives: Acetoxy Silicone, Neutral Silicone, Oxime Silicone
4) By Acrylate Adhesives: Methyl Methacrylate, Acrylate Copolymers
5) By Epoxy Adhesives: One-Part Epoxy, Two-Part Epoxy
6) By Cyanoacrylate Adhesives: Ethyl Cyanoacrylate, Methyl Cyanoacrylate
7) By Polysulfides: One-Part Polysulfide, Two-Part Polysulfide
8) By UV or LED Curing Adhesives: UV-Curing Acrylics, UV-Curing Epoxies
9) By Other Types: Thermal Set Adhesives, Pressure Sensitive Adhesives
Which Trend Shifts Are Redefining Opportunities In The Glass Bonding Adhesives Market?
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.
Who Are The Core Market Contributors Recognized Within The Glass Bonding Adhesives Market Ecosystem?
Major companies operating in the glass bonding adhesives market include Arkema SA, Ashland Global Holdings Inc., Bohle AG, Chemence Ltd., Collano Adhesives AG, DELO Industrie Klebstoffe GmbH & Co KGaA, DIC Corporation, Dow Inc., DuPont de Nemours Inc., Dymax Corporation, Evonik Industries AG, Harvey Benjamin Fuller, Henkel AG & Co KGaA, Hexion Inc., Huntsman Corporation, Jowat SE, Kiwo Inc., Mapei SpA, Master Bond Inc., Minnesota Mining and Manufacturing Company, Momentive Performance Materials Inc., Permabond LLC, Pidilite Industries Limited, Scott Bader Company Ltd., Sika AG, Solvay SA, ThreeBond Group, Wacker Chemie AG
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Which Geographical Areas Are Expected To Witness The Most Substantial Glass Bonding Adhesives Market Expansion Ahead?
Asia-Pacific was the largest region in the glass bonding adhesives market in 2024. 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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