Glass Bonding Adhesives Market Outlook (2022 to 2032)
The global glass bonding adhesives market was assessed to be worth US$ 3.40 Billion in 2021 and is likely to grow at a CAGR of 7.8% during the forecast period.
These glues are designed particularly for the attachment of glass to a variety of surfaces. The industry's key end-users are automotive and transportation, furniture, and construction.
| Report Attributes |
Details |
| Anticipated Base Year Value (2021) |
US$ 3.40 Billion |
| Expected Market Value (2022) |
US$ 3.70 Billion |
| Projected Forecast Value (2032) |
US$ 7.90 Billion |
| Global Growth Rate (2022 to 2032) |
7.8% CAGR |
| Growth Rate of the U.S (2022 to 2032) |
7.5% CAGR |
| Expected Market Value of China (2032) |
US$ 3 Billion |
| Key Glass Bonding Adhesives Service Providers |
Ashland Chemicals; Dow Chemical Company; H.B. Fuller; 3M Company; Parker Hannifin Corp; Master Bond, Dymax; Bohle Ltd.; DELO; ThreeBond Holdings Co., Ltd; Sika AG. |
Despite the hurdles posed by the COVID-19 outbreak, the glass bonding adhesives industry is expected to rise steadily in the next years. The rapid expansion of major end-use sectors such as automotive, construction, electronics, and others is expected to accelerate market growth.
Since a few years, Asia Pacific, North America, and Europe have been the primary customers of the product. Central and South America's sector is expected to develop rapidly in the next years. Because of the existence of multiple producers on both a global and regional scale, the global industry is extremely fragmented.
Glass Bonding Adhesives Market Revenue Analysis 2015 to 2021 vs. Future Outlook 2022 to 2032
According to a recent Fact.MR analysis, the worldwide glass bonding adhesives market is expected to grow at a CAGR of more than 7.8% from 2022 to 2032. UV curable type glass bonding adhesives are likely to take the lead, boosting market growth.
With an exponential expansion of the building and construction industry, demand for glass bonding adhesives is quickly expanding, owing mostly to rapid urbanization and highly developed industrial units in North America, which are fueling the rise of the building and construction industry.
According to the United Nations, the worldwide urban population is anticipated to grow by 70% by 2050. A booming commercial construction industry in the Asia Pacific area is catering to the market's expansion. Furthermore, government investments in this region are acting as an economic stimulus. For example, the government of Indonesia devotes more than 6% of its entire budget to the growth of the building and construction sector each year.
The building and construction sector is developing further in countries such as Latin America, Europe, and others, with an increasing number of production units and well-developed infrastructure. According to the European Commission (EC), the building industry accounts for around 9% of Europe's GDP. Glass bonding adhesives are highly chosen by a wide range of end users because to their unique features of creating strong, long-lasting joining procedures between numerous dissimilar materials such as glass, metal, plastic, and others.
As the need for glass bonding adhesives continues to rise, prominent market players have begun to produce wide categories of goods of various sorts, including polyurethane, silicone, epoxy, and others. Epoxy, for example, has introduced its new A:B 1:1 Resin Glue Epoxy Adhesive, which may be used as an adhesive on glass, metal, wood, plastic, and other surfaces.
Prominent Glass Bonding Adhesives Industry Growth Drivers
Building and Construction Industry Expansion is Boosting Growth
Glass bonding adhesives offer unique properties such as non-yellowing, moisture resistance, rigidity, chemical inertness, and others that are highly demanded in connecting procedures of various components made of diverse materials such as steel, glass, wood, fabrics, plastic, and others.
Glass bonding adhesives are made from solvent-free ingredients, making them increasingly popular in the building and construction sector. The building and construction sector is rapidly developing as a result of increased population and industrialization, which is assisting the expansion of the glass bonding adhesives market. While population growth in Asia Pacific was 1.07% in 2019, it is anticipated to be 1.2% by 2050.
According to the European Commission (EC), Germany generates the most income for the automobile sector in Europe - US$ 254 billion by Volkswagen, US$ 150.8 billion by Daimler, and others. According to Fact.MR, the rise in industrial output in North America from 2015 to 2019 is 3.62% which is another driver for the glass bonding adhesives market in this area.
An Expanding Automotive Industry is assisting in the Surge in Demand
Glass bonding adhesives are extremely effective in creating electrically/thermally conductive or insulating junctions, making them ideal for use in the automobile sector. With an increase in demand for passenger vehicles, commercial vehicles, battery vehicles, and electric automobiles, the automotive industry's need for glass bonding adhesives is increasing.
India's automotive sector grew at a rate of 4.9% between 2015 and 2020. China boasts the world's largest automobile sector, with a five-year production high of 97,302,534 vehicles. According to the EC, EU automotive investments climbed by 6.1 percent in 2018 to reach 60.9 billion euros. In 2018, the automobile industry generated more than 2.5% of the gross domestic product in the United States, a figure that is gradually rising as the industry advances.
Glass bonding adhesives offer a quick and cost-effective connecting method that eliminates galvanic corrosion. Glass bonding adhesives also offer great vibration dampening qualities. They can also transfer mechanical stress equally over a joint. Because these features are significantly required in joining different parts in the automobile sector such as distributors, spark plugs, interior harnesses, fuses, and others, demand from the automotive industry is driving the growth of the glass bonding adhesives market.
Country-wise Analysis
What is the Growth Outlook for Glass Bonding Adhesives in the U.S?
Highly Developed Automobile Sector widening Growth Opportunities
According to Fact.MR, The glass bonding adhesives market in United States is the second-largest in the world. The United States glass bonding adhesives market is being driven by the highly developed automobile sector, expanding industrialization, and other factors. The United States is expected to maintain a crucial position over the projected period.
How do Growth Prospects appear in the Chinese Market?
Growing Building & Construction Sector Fueling the Market Growth
Chinese now holds the largest market share for glass bonding adhesives. The Chinese market is expected to increase significantly in the near future as demand for glass bonding adhesives grows gradually due to the growing building & construction sector, woodworking, and others. The availability of inexpensive labor, an increase in the number of foreign investors, increasing manufacturing industries, and other factors are driving China’s growth.
Is Germany likely to emerge as an Opportunistic Glass Bonding Adhesives Industry?
Rising demand from the Electronic and Automotive as well as the Creation of Logistics Units Increasing Uptake
In the worldwide glass bonding adhesives market, Germany is another important area. A growing number of manufacturing centers, an availability of raw resources, cost-effective transportation choices, and other factors are increasing European prosperity.
The development of logistical units, together with increased demand from the electronics, automotive, and other sectors, is fueling the expansion of the Germany glass bonding adhesives market.
Country-wise Forecast CAGRs in the Glass Bonding Adhesives Market
| Country |
CAGR |
| U.S |
7.5% |
| Germany |
7% |
| China |
6.7% |
| Japan |
6.5% |
| South Korea |
6.6% |
Category-wise Insights
Why is Demand for UV Curable Glass Bonding Adhesives Rising Rapidly?
UV Curable Glass Bonding Adhesives to be Top Growth Driver in the Coming Years
UV curable glass bonding adhesives are now ruling the market and are projected to maintain their position in the next years. This sort of glass bonding adhesive is extensively demanded by many end-use sectors, ranging from electronics to healthcare, due to its numerous distinctive qualities such as high temperature resistance, outstanding adhesion capacity, high flexibility, and others. UV curable glass bonding adhesives feature an optically transparent structure that aids in the rapid and precise assembly of metal to glass, as well as between other materials for potting critical components and large-area bonding. They are widely utilized in electronics, automotive, and other sectors that rely on essential joining processes because of their qualities.
According to Fact.MR, epoxy, cyanoacrylate, polyurethane, silicone, and other types are projected to maintain their leading positions during the projection period.
Which End-use Industry will Leverage Glass Bonding Adhesives the Most?
Deployment to be Maximum across Construction Sector
The glass bonding adhesives market is currently dominated by the building and construction sector. Demand for medium- to high-rise huge structures, as well as the refurbishment of various ancient industrial complexes, is increasing as the residential and commercial segments grow. Glass bonding adhesives, as an essential aspect of the construction process, are projected to increase further in the near future with the rising building and construction sector.
Other important end-use sectors that are likely to contribute significantly in the coming years include automotive and transportation, electrical and electronics, healthcare, industrial assembly, woodworking, and others.
Competitive Landscape
The market for glass bonding adhesives is highly consolidated. As rivalry heats up, top market participants are focusing on releasing more cost-effective, higher-quality items.
- In the year 2020, Ashland, for example, introduced a new line of glass bonding adhesives, including PurethaneTM Water-based Laminating Adhesives, PuresealTM Water-based Heat Seal Coatings, PureRadTM UV Curable Laminating Adhesives, and others.
- In the year 2020, H.B. Fuller will develop a new line of glass bonding adhesives featuring high-performance bonding and sealing technology. CILBOND® Bonding Agents, Weld Mount Adhesive Fastening Systems, and other products are also available from the firm.
- In the year 2020, Master Bond has developed single component LED curable adhesives for quick bonding of tinted/UV blocked glass surfaces.
- In the year 2020, Sika AG introduced Sikaflex®-296, a high-performance material designed for use in all types of mineral glass windows.
