Asia-Pacific Optically Clear Adhesive Market – Industry Trends and Forecast to 2030

Asia-Pacific Optically Clear Adhesive Market, By 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) - Industry Trends and  Forecast to 2030.

Asia-Pacific Optically Clear Adhesive Market Analysis and Size

Rise in usage in smartphones and electronic devices have carved the way for the growth of optically clear adhesive. The features of optically clear adhesive is what draws the attention. Optically clear adhesive minimize light loss due to reflection, boost contrast ratios and resist UV light exposure.          

Data Bridge Market Research analyses that the Asia-Pacific optically clear adhesive market which was USD 837,013.06 9,40,365.63 thousand in 2022, is expected to reach to USD 9,40,365.63 thousand by 2030, and is expected to undergo a CAGR of 11.4% during the forecast period of 2023 to 2030. “Mobile phones” dominate the application segment of the optically clear adhesive market owing to the growing advancements in designing of mobile phones for microsurgeries of the brain and spine. 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 depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Asia-Pacific Optically Clear Adhesive Market Scope and Segmentation

Market Definition

From the name itself, it is clear that optically clear adhesive are highly specialized adhesive materials that are optically clear, offering superior clarity and excellent adhesion to various types of transparent substrates like film and glass. Optically clear adhesives providing a strong, reliable, and long-lasting bond while maintaining visual clarity of the components.

Asia-Pacific Optically Clear Adhesive Market Dynamics

Drivers

• Growth in the Electronics Industry

The automotive industry has been adopting various advanced technologies, including heads-up displays (HUDs), in-car infotainment systems, and advanced driver-assistance systems (ADAS). Optically clear adhesives play a crucial role in bonding and sealing components in these applications, providing optical clarity, vibration resistance, and impact resistance. This in turn has carved the way for the growth of the market.

• Growing Demand for Aesthetic Bonding

Optically clear adhesives offer transparent, aesthetically pleasing bonding solutions for various industries. Their ability to provide a virtually invisible bond makes them attractive for applications where aesthetics are essential, such as glass-to-glass bonding in architectural and interior design.

Opportunity

• Increasing Demand and Focus on Research

 An upsurge in the public-private funding for target research activities, rising demand for minimally consumer electronics, growing participation of youngsters and rising product innovations and development owing to technological advancements across Asia-Pacific countries will extend profitable opportunities for the market players in the forecast period of 2023 to 2030. Additionally, rising internet penetration rate, increasing adoption of touchscreen technology, rise in the elderly and obese population Asia-Pacific and increasing per capita expenditure on health care will further expand the market's growth rate in the future. 

Restraint/Challenge

• High Cost and Huge Investment

On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities, high costs of optically clear adhesives are expected to obstruct market growth. Also, lack of favorable scenario and technology penetration in the developing economies, requirement of trained labour, and lack of suitable infrastructure in low-income and middle-income countries are projected to challenge the market in the forecast period of 2023-2030.

This Aisa-Pacific optically clear adhesive market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Optically Clear Adhesive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In February 2022, Saint-Gobain launched its new brand of adhesives and sealants for maintenance, repair and assemblies; OneBond. OneBond aims to offer performance based, sustainable solutions to build and restore equipment and tools safely and efficiently in a number of repair and maintenance operations
• In October 2021, Henkel launched its optically clear adhesives for automotive displays at
• C-TOUCH & DISPLAY SHENZHEN 2021.This new product launch will help in Company’s product portfolio expansion 

Asia-Pacific Optically Clear Adhesive Market Scope

The Asia-Pacific 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

Asia-Pacific Optically Clear Adhesive Market Regional Analysis/Insights

The Asia-Pacific optically clear adhesive market is analysed and market size insights and trends are provided by country, type, adhesive thickness, substrate and application as referenced above.

The countries covered in the Asia-Pacific optically clear adhesive market report are China, South Korea, India, Japan, Taiwan, Australia & New Zealand, Singapore, Malaysia, Indonesia, Thailand, Hong Kong, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

China dominates the Asia-Pacific optically clear adhesive market owing to increasing consumer preference for smart phones and consumer electronics.

 India is expected to witness growth in Asia-Pacific optically clear adhesive market in the near future owing to an increasing use of optically clear adhesives in various applications.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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 Asia-Pacific 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.   

Competitive Landscape and Asia-Pacific Optically Clear Adhesive Market Share Analysis

The Asia-Pacific optically clear adhesive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Asia-Pacific optically clear adhesive market.

Some of the major players operating in the Asia-Pacific optically clear adhesive market are:

• 3M (U.S.)
• Henkel AG & Co. KGaA (Germany)
• Saint-Gobain (France)
• DuPont (U.S.)
• Dow (U.S.)
• tesa SE - A Beiersdorf Company (Germany)
• Nitto Denko Corporation (Japan)