Data Bridge Market Research analyses that the Optically Clear Adhesives Market was growing at a value of 2.07 billion in 2021 and is expected to reach the value of USD 4.74 billion by 2029, at a CAGR of 10.9% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Optically clear adhesives (OCA) are transparent and uncolored adhesives that allow the bonding of a screen's entire surface area to the device without causing display distortion. These adhesives' optical clarity is important because they are clean and transparent and thus used in the most critical applications. It improves durability, optical properties, adhesive strength, reliability, and bonding strength. It connects display devices, touch panels, plastic, cover lenses, and other optical materials, such as the primary sensor unit, to provide a clear visual appearance.
Recent Developments
On July 5, 2019 PANACOL announced the development of an optically clear adhesive, Vitralit 50004. UV-curable acrylic adhesive has a very low viscosity and is used to laminate optics as well as bond various display systems and devices. It has a high adhesion capacity and is compatible with a wide range of substrates, including coated glass and plastics.
Global market segmentation
The optically clear adhesive market is segmented on the basis of type, adhesive thickness, substrate and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Acrylics
Polyvinyl Acetate
Silicone
Polyurethane
Epoxy
Others
Adhesive Thickness
Less Than 1MM
1-2 MM
2-3 MM
3-4 MM
4-5 MM
Others
Substrate
Metal
Glass
ITO Glass
Polyethylene Terephthalate (PET)
Polymethyl Methacrylate (PMMA)
Poly Carbonate (PC)
Others
Application
Mobile Phones
Tablets
Monitors
Television
Outdoor Signage
Automotive
Wearable Devices
Electronic Blackboards
OLED
Others
Optically Clear Adhesive Market Regional Analysis/Insights
The optically clear adhesive market is analyzed and market size insights and trends are provided by country, type, adhesive thickness, substrate and application as referenced above.
The countries covered in the optically clear adhesive market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The optically clear adhesive is dominating in the Asia-Pacific region due to the region's wide developing economies and the presence of countries such as China, South Korea, and India as dynamic consumers of electronics devices due to the countries' rapid adoption of new technology in electronics devices. As the largest manufacturer and consumer of electronics devices such as smartphones, tablets, LED, LCD screens, and automotive industries in Asia-Pacific, China and India contribute the most.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Market Share Analysis of Optically Clear Adhesives
The competitive landscape of the Optically Clear Adhesives Market provides details by competitor. Details included include company profile, company finances, revenues, market potential, investments in RD, new market initiatives, global presence, production sites and facilities, production capacity, company strengths and weaknesses, products launches, product breadth and breadth, and applications. control. The above data points provided are solely related to the focus of the companies related to the Optically Clear Adhesives market.
Some of the major players operating in the optical clear adhesives market are: Henkel Adhesives Technologies India Private Limited (Germany), 3M (USA), tesa Tapes (India) Private Limited (India), Dow (USA), NITTO DENKO CORPORATION. (Japan), Lintec (Japan), Saint-Gobain (France), Dymax (USA), Hitachi (Japan), DELO Industrie Klebstoffe GmbH Co. KGaA (Germany), DuPont (USA), Cyberbond. (USA), Toray Industries, Inc. (Japan), Scapa Group Ltd (USA), Master Bond Inc. (USA), Adhesives Research Inc. (USA), Norland Products (USA)
Global Optically Clear Adhesive Market Dynamics
Drivers
High prevalence of smart devices
Rising demand for the latest technology-based smart devices, smartphones, tablets, smartphones, computers, display screens of medical devices, television sets, and LCD screens is driving the market. According to the International Monetary Fund, smartphone sales in 2019 reached around 1.37 million units globally, and more than half of the world's population, or more than 5 billion people, own mobile devices. The optically clear adhesive binds the transparent layer in devices to protect them from harsh chemicals, damage, and scratches. It also improves the mechanical, optical, and electrical performance of the display module and device, as well as its viewability, readability, and contrast in both indoor and outdoor devices.
Online shopping and growth in e-commerce sales
The growing adoption of optically clear adhesive by the electronics device manufacturing industries for transparent bonding, combined with growing E-commerce website sales from Flipkart, Amazon, and others, drives the growth of the OCA market. According to the UNCTAD, in 2018, global e-commerce sales reached around US$ 25.6 trillion, up 7% from 2017, and over 1.4 billion people shopped online. Consumer electronics such as smartphones, tablets, televisions, LED screens, and so on were purchased. It resulted in a surge in demand for the OCA used by OEMs to manufacture and package these devices.
Opportunities
Technological advancements and new product offerings
The increasing global adoption of advanced technology devices, as several leading players launch novel electronic devices with significantly increased investment for producing newly developed products, may create a massive opportunity for the growth of the OCA market. For instance, on September 11th, 2018. Samsung has designed the world's first Optically Clear Adhesives for its foldable smartphones and panels.
Research Methodology: Global Optically Clear Adhesives Market
Data collection and base year analysis are performed using a large sample size data collection module. This stage involves obtaining market information and relevant data through various sources and strategies. This includes research and planning of all data from past advances. It also includes investigating discrepancies in information found in various sources. Market data are analyzed and estimated using market statistics and consistent models. Also, market share analysis and key trends analysis are the key success factors of the market report. For more information, request an analyst call or drop down contact us.
The primary research methodology used by the DBMR research team is data mining, analysis of the impact of data variables on the market, and data triangulation, which includes primary (industry expert) validation. Apart from this, the data model includes vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, patent analysis, pricing analysis, company market share analysis, metrics, global versus region, and vendor share Includes analytics. For more information on our research methodology, please contact an industry expert.
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