Global 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 2029.
Optically Clear Adhesive Market Analysis and Size
The primary end-user in the optically clear adhesive market is the electronics industry. Optically clear adhesive (OCA) is primarily used in display and touchscreen applications. Applications are expected to improve as mobile devices, televisions, tablets, phones, and laptops transition to touch screens.
Data Bridge Market Research analyses that the optically clear adhesive 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.
Optically Clear Adhesive Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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
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Market Players Covered
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Henkel Adhesives Technologies India Private Limited (Germany), 3M (U.S.), tesa Tapes (India) Private Limited (India), Dow (U.S.), NITTO DENKO CORPORATION. (Japan), LINTEC Corporation (Japan), SAINT-GOBAIN (France), Dymax (U.S.), Hitachi, Ltd. (Japan), DELO Industrie Klebstoffe GmbH & Co. KGaA (Germany), DuPont (U.S.), Cyberbond. (U.S.), TORAY INDUSTRIES, INC. (Japan), Scapa Group Ltd (U.S.), Master Bond Inc. (U.S.), Adhesives Research Inc. (U.S.), and Norland Products (U.S.)
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Opportunities
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Market Definition
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.
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.
Restraints
- Difficulty in application process
The main disadvantage of optically clear adhesives such as epoxy is the difficult application process. Unprepared, contaminated, or damaged surfaces cannot be used with optically clear adhesive. To ensure the long life of the optical coating, the surface must be cleaned. Furthermore, bonding a display panel to a three-dimensional cover glass using optically clear adhesive is difficult in display assembly. Thus, the growth of the optically clear adhesive market will be hampered during the forecast period due to difficulties in the application process.
This 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.
COVID-19 Impact on Global Optically Clear Adhesive Market Dynamics
During the Covid-19 pandemic, the global optically clear adhesive market was slightly down, as several leading manufacturing plants were closed due to lockdown in many countries. Automobile and consumer electronics sales were also lower in the first three months of 2020. As several institutions, schools, and colleges closed in April 2020, the demand for online class propellers increased, increasing the OCA market. Furthermore, the OCA market remained constant in August 2020 and will recover as soon as the pandemic is over.
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
- 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 Optically Clear Adhesive Market Scope
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.
Competitive Landscape and Optically Clear Adhesive Market Share Analysis
The 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, global 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 optically clear adhesive market.
Some of the major players operating in the optically clear adhesive market are:
- Henkel Adhesives Technologies India Private Limited (Germany)
- 3M (U.S.)
- tesa Tapes (India) Private Limited (India)
- Dow (U.S.)
- NITTO DENKO CORPORATION.(Japan)
- LINTEC Corporation (Japan)
- SAINT-GOBAIN (France)
- Dymax (U.S.)
- Hitachi, Ltd. (Japan)
- DELO Industrie Klebstoffe GmbH & Co. KGaA (Germany)
- DuPont (U.S.)
- Cyberbond. (U.S.)
- TORAY INDUSTRIES, INC. (Japan)
- Scapa Group Ltd (U.S.)
- Master Bond Inc. (U.S.)
- Adhesives Research Inc. (U.S.)
- Norland Products (U.S.)
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