Glass Glue Market Segmented By Type such as UV Cured, Polyurethane, Acrylic, Silicone used by Construction, Furniture, Automotive & Transportation, Electronics & Appliances, Consumer Goods, Medical Devices Others
Industry: Chemicals and Materials
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32546
According to a recent research study, the market is set to witness healthy growth during 2021-2031 with CAGR of 6% to 8% during the period. Demand is projected to witness quick recovery in short-term, with growth outlook in the long-run forecasted to remain promising.
Growing need for adhesive solutions in a number of industries, such as construction, automobiles, furniture, optical glass lenses, and equipment displays, will propel the market forward. Applicability over a wide temperature range, accurate alignment stability, low stress, high strength, great adhesion, minimal out-gassing, and extended life should all help to drive the industry forward.
Glass Glue market size is expected to grow as disposable income rises, customer preferences evolve, and demand for elegant furniture models with glass rises at the same time.
Massive investments are being made in emerging economies to meet the demand for automotive, aerospace, infrastructure development, and rail projects. This expansion necessitates the use of a high-quality, high-performance glue.
This glue has a track record of delivering excellent results at a reasonable cost and with the shortest assembly time. As a result, it dominated the traditional glue industry and became a need for discrete production and assembly businesses.
Among the product types, UV curable epoxy and silicone type adhesives are expected to be the fastest-growing. Glass Glue is a non-hazardous, long-lasting glue that is more technologically sophisticated than standard adhesives.
Windshields of vehicles and public transportation buses are held together by glass adhesives. Because of the expansion of the automotive aftermarket business, particularly in emerging nations, automotive & transportation is projected to continue its position as a top consumer of these adhesives.
Glass adhesives are projected to outperform other types of adhesive materials in the automotive sector due to a need to reduce overall weight of automobile body components.
The automotive and transportation industries frequently use epoxy, UV curable, silicone, acrylic, and polyurethane formulations. Over the projected period, the usage of adhesives for assembling, glueing, and laminating automotive body components is predicted to drive worldwide market growth.
The market is dominated by the Asia-Pacific region. The expanding use in the electronics and medical industries is driving up demand in this region. The increasing number of foreign investments in these locations is expected to boost the industry's growth in the future years.
Strong GDP growth, increasing modernization, and the availability of a large automotive production and assembly infrastructure are all driving market demand in Asia Pacific. Due to large product consumption in OEM and aftermarket operations, China, India, Japan, and Thailand are projected to be the leading contributors to industry demand in the coming years.
North America is the second-largest consumer and manufacturer of automotive globally. The expanding prospects in the medical industry, as well as the rising industrial end-uses, are helping drive the market in this region along with the automotive industry. Glass glue is being more widely used in the electronics, consumer goods, and medical device industries in the United States and Canada, which are regarded important growth drivers for the market.
Due to the significant healthcare spending in U.S. and Canada, North America region is likely to see rapid growth from medical device applications. Increased adoption of tailored therapy, the launch of breakthrough equipment to treat ailments linked with an ageing population, increased investment in health insurance facilities, and changing lifestyles will all contribute to market growth.
Some of the leading manufacturers and suppliers include
are some of the major players operating in the industry.
Manufacturers use a variety of strategies to achieve optimum business growth, including new and technologically sophisticated product releases, acquisitions, joint ventures, considerable forward integration of corporate processes across the value chain, and sustainability development.
Glass glue makers will be able to offset the impact of a fluctuating economy by expanding into adjacent sectors and pursuing new customers, resulting in diverse company portfolios and increased revenues.
By Type
By End-Use
By Region
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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