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Global population is growing at approximate rate of 1.1% with Asia Pacific region accounted for almost 60% of world population. This massive population increase directly proportional to exponential growth of almost all consumer goods. Glass is one the most basic product used extensively across many applications. Technological advancement along with increasing buying power of consumer especially in developing countries are most important factors propelling fuel to growth of Glass Adhesives Market. Even though industry particularly Solvent-Based Adhesives manufacturers are facing some environmental impact issue, new innovation towards nature friendly adhesives working as market driver.
UV Curable Acrylate, Silicone, UV Curable Epoxy, and Polyurethane are primary product types considered for analysis. The manufacturing process includes passing high-intensity ultraviolet light to instantly cure i.e. dry inks. Light rather than heat is used for processing in Glass Adhesives also UV curing is flexible method. UV Curable Cyanoacrylate glass adhesives bond glass to glass as well as to plastic and metal and holds largest market share. It is used in variety of applications such as bonding hinges and fitting in heavy structural glasses used in turnstiles or railings. UV Curable Cyanoacrylate offers high strength & durable bonds that can easily absorbs differential expansion and contraction stresses between the bonded surfaces. Silicone based Glass Adhesive has shown impressive growth rate in recent years and expected to grow at even better CAGR in upcoming years.
Competitive intelligence helps user to gain precise insight of key manufacturers in Glass Adhesives Market. Research study includes 3M Company (US), Ashland Inc. (US), H.B. Fuller Company (US), ThreeBond Holdings Co., Ltd. (Japan), Dymax Corporation (US), The Dow Chemical Company (US), Henkel AG & Co. KGaA (Germany), Permabond Engineering Adhesives (UK), Bohle Group (Germany), KIWO (Germany), and Sika A.G. (Switzerland) as key manufacturers. Growing demand of Glass Adhesive along with environmental issue helping manufacturers in innovations of environmental friendly solution over Solvent-Based Adhesives.
Application analysis is divided into Furniture, Electronics, Transportation, Medical, and Industrial applications. Furniture industry holds largest market share & accounted for around 34% of revenue generation in 2018. Chairs, stools, and sofas, eating tables, and sleeping beds demand has grown exponentially particularly in China, India & Middle East market in last two decades. More manufacturing industry are establishing their production in base in these country leading to high usage of furniture & hence Glass Adhesives. Electronics & Transportation industry has seen magnificent growth rate in recent years. In medical industry Syringes, dialysis filters, blood bags and tube connections use Glass Adhesives particularly of medical grade & estimated to show constant growth rate in upcoming years.
Regional Outlook indicates that Asia Pacific region is largest market & holds around 35 % of market share in 2018. China is the largest manufacturer as well as consumer of Glass Adhesive. Even though Honk Kong, Japan, Singapore & South Korea are considered to be matured market, new environmental friendly Glass Adhesive solution can be seen as emerging trend. India Glass Adhesives Market shall be dominated by high demand of Electronics & Furniture. Europe market has seen constant growth since 2015 but expected to show slight increase in Glass Adhesives sell in foreseeable future. North America Glass Adhesives Market growth is estimated to be better compared to Europe & Middle East in coming years.
The report comprises value chain analysis for each of the product segments. Value chain analysis offers in depth information about value addition at each stage. The study includes drivers and restraints for Glass Adhesives Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end users / regions. Our study on Glass Adhesives Market helps user to make precise decision in order to expand their market presence and increase their market share.
Global Glass Adhesives Market: Product Type
Global Glass Adhesives Market: Application
Global Glass Adhesives Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Glass Adhesives Market:
Geographical analysis of Global Glass Adhesives Market:
Global Glass Adhesives Market Report delivers comprehensive analysis of :
Global Glass Adhesives Market Report delivers comprehensive analysis of :
| Parameters | Details |
|---|---|
Base Year | 2022 |
Historical Data | 2017-2022 |
Forecast Data | 2023-2029 |
Base Year Value (2022) | USD 1054.79 million |
Forecast Value (2029) | USD 1682.712575 million |
CAGR (2022 to 2028) | 6.9 % |
Regional Scope | North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Glass Adhesives Market was valued at around USD 1054.79 million in 2022 & estimated to reach USD 1682.712575 million by 2029.
Glass Adhesives Market is likely to grow at compounded annual growth rate (CAGR) of 6.9% between 2023 to 2029.
Yes, the report includes COVID 19 impact on the market.
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