Glass Bonding Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Glass Bonding Adhesives Market Analysis
The market for glass bonding adhesives is expected to register a CAGR of over 4%, globally, over the forecast period. The major factor driving the market is the increasing demand from various end-user industries. On the flip side, unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- The automotive & transportation industry is expected to dominate the global glass bonding adhesives market over the forecast period.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
Glass Bonding Adhesives Market Trends
This section covers the major market trends shaping the Glass Bonding Adhesives Market according to our research experts:
Automotive and Transportation Industry to Dominate the Market
- The automotive and transportation industry dominated the market owing to the growing requirement to reduce the weight of the body to reduce harmful emissions. Glass bonding adhesives find extensive applications in the automotive & transportation industry.
- In the automotive industry, they are employed in windscreens, sunroof assemblies, door glass, sensor bonding, and others. In the aerospace industry, glass bonding adhesives are used for seals, sidewalls, luggage racks, light covers, microelectronics applications, and others.
- The glass bonding adhesives are an excellent substitute for nuts & bolts used in the automotive and aerospace industry and hence its increasing application automatically minimizes the overall weight of the vehicle.
- The global automotive industry is currently undergoing a dull phase with a decrease in production in 2018 and 2019. In 2019, various developed and developing countries across the world, including China, Germany, South Korea, Canada, the United Kingdom, and Italy, experienced a decline in automotive production.
- With the increasing air travel, the demand for commercial aircraft is rapidly increasing across the globe. To cater the need to accomodate more passenger, the manufacturing of aircraft are rapidly growing. This is expected to further drive the glass bonding adhesives market.
- Hence, owing to the above mentioned factors, the demand for glass bonding adhesives from automotive & transportation industry is expected to further increase over the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is projected to be the largest and the fastest-growing market for glass bonding adhesives. High economic growth rate, growing manufacturing industries, cheap labor, increasing foreign investments, increased applications of glass bonding adhesives in the automotive & transportation, and electronics applications, are some of the key factors expected to boost the growth of the market.
- Countries like China, South Korea, and Taiwan, which are major hubs to produce electronic components and significant product consumption in OEM and aftermarket operations, are expected to surge the growth of the glass bonding adhesives market in the Asia-Pacific region.
- Stringent regulations governing the VOC emissions from glues utilized in the industrial assembly of automotive body components, electronic components, and building & construction products are likely to propel the manufacturing and use of radiation cured, solvent-free, and isocyanate-free glass bonding agents.
- In the Asia-Pacific region, the governments have adopted favourable policies toward the adoption of electric vehicles and expanding the manufacturing infrastructure pertaining to electric vehicles.
- The Chinese automotive manufacturing industry is the largest in the world. The industry witnessed a huge slowdown in 2018, wherein the production and sales declined. The similar trend continued in 2019, with the production witnessing a 7.5% decline in 2019. According to the China Association of Automobile Manufacturers (CAAM), the automotive production is expected to decline by about 2% in 2020 as well.
- In India, major automotive manufacturers, like Maruti, Tata, Honda, and Mahindra, have shut down their production, owing to the unsold stock. This is expected to have a huge negative impact on India's automotive production in the near future.
- However, over the forecast period, the automotive production is expected to stabilize in the region with increase in production expected. All the above mentioned factors are expected to drive the demand for glass bonding adhesives market in the region over the forecast period.
Glass Bonding Adhesives Industry Overview
The global glass bonding adhesives market is partially fragmented in nature, with the presence of a large number of regional and international manufacturers. Some of the major companies are Henkel AG & Co. KGaA, H.B. Fuller Company, 3M, DuPont, and Sika AG, among others.
Glass Bonding Adhesives Market Leaders
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Henkel AG & Co. KGaA
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H.B. Fuller Company
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3M
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DuPont
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Sika AG
*Disclaimer: Major Players sorted in no particular order
Glass Bonding Adhesives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Demand from Various End-user Industries
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Epoxy
- 5.1.2 Silicone
- 5.1.3 Polyurethane
- 5.1.4 UV Cured
- 5.1.5 Others
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5.2 End-user Industry
- 5.2.1 Furniture
- 5.2.2 Healthcare
- 5.2.3 Electrical & Electronics
- 5.2.4 Automotive & Transportation
- 5.2.5 Building & Construction
- 5.2.6 Others
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Ashland
- 6.4.3 Bohle Ltd
- 6.4.4 DuPont
- 6.4.5 Dymax Corporation
- 6.4.6 H.B. Fuller Company
- 6.4.7 Henkel AG & Co. KGaA
- 6.4.8 Kiwo
- 6.4.9 Permabond LLC
- 6.4.10 Sika AG
- 6.4.11 ThreeBond Holdings Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityGlass Bonding Adhesives Industry Segmentation
The Glass Bonding Adhesives Market report includes:
| Type | Epoxy | |
| Silicone | ||
| Polyurethane | ||
| UV Cured | ||
| Others | ||
| End-user Industry | Furniture | |
| Healthcare | ||
| Electrical & Electronics | ||
| Automotive & Transportation | ||
| Building & Construction | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Glass Bonding Adhesives Market Research FAQs
What is the current Glass Bonding Adhesives Market size?
The Glass Bonding Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Glass Bonding Adhesives Market?
Henkel AG & Co. KGaA, H.B. Fuller Company, 3M, DuPont and Sika AG are the major companies operating in the Glass Bonding Adhesives Market.
Which is the fastest growing region in Glass Bonding Adhesives Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Glass Bonding Adhesives Market?
In 2024, the Asia Pacific accounts for the largest market share in Glass Bonding Adhesives Market.
What years does this Glass Bonding Adhesives Market cover?
The report covers the Glass Bonding Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Glass Bonding Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Glass Bonding Adhesives Industry Report
Statistics for the 2024 Glass Bonding Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Glass Bonding Adhesives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
