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Middle East and Africa Optically Clear Adhesive Market – Industry Trends and Forecast to 2030

Chemical and Materials

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Middle East and Africa Optically Clear Adhesive Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jun 2023
  • MEA
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Middle East and Africa Optically Clear Adhesive Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 166,984.60 USD Thousand
Diagram Market Size (Forecast Year) USD 342,621.80 USD Thousand
Diagram CAGR %

Major Markets Players

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Middle East and Africa Optically Clear Adhesive Market, By Type (Acrylics, Polyvinyl Acetate, Silicone, Polyurethane, Epoxy, and Others), Adhesive Thickness (Less Than 1MM, 1-2 MM, 2-3 MM, 3-4 MM, 4-5 MM, and Others), Substrate (Metal, Glass, ITO Glass, Polyethylene Terephthalate (PET), Polymethyl Methacrylate (PMMA), Poly Carbonate (PC), and Others), Application (Mobile Phones, Tablets, Monitors, Television, Outdoor Signage, Automotive, Wearable Devices, Electronic Blackboards, OLED, and Others) - Industry Trends and  Forecast to 2030.

Middle East and Africa Optically Clear Adhesive Market

Middle East and Africa Optically Clear Adhesive Market Analysis and Size

The rise in smartphone usage and electronic devices has paved the way for the growth of optically clear adhesives. The features of optically clear adhesive are what draw attention. Optically clear adhesive minimizes light loss due to reflection, boosts contrast ratios, and resists UV light exposure.

Data Bridge Market Research analyses that the Middle East and Africa optically clear adhesive market, which was USD   166,984.60  thousand in 2022, would rocket up to USD 342,621.80 thousand by 2030 and is expected to undergo a CAGR of 9.4% during the forecast period. This indicates the market value. "Mobile phones" dominate the application segment of the optically clear adhesive market owing to the growing advancements in designing 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 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.

Middle East and Africa Optically Clear Adhesive Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Thousand, Volume in Units, and Pricing in USD

Segments Covered

By Type (Acrylics, Polyvinyl Acetate, Silicone, Polyurethane, Epoxy, and Others), Adhesive Thickness (Less Than 1MM, 1-2 MM, 2-3 MM, 3-4 MM, 4-5 MM, and Others), Substrate (Metal, Glass, ITO Glass, Polyethylene Terephthalate (PET), Polymethyl Methacrylate (PMMA), Poly Carbonate (PC), and Others), Application (Mobile Phones, Tablets, Monitors, Television, Outdoor Signage, Automotive, Wearable Devices, Electronic Blackboards, OLED, and Others)

Countries Covered

U.A.E, Israel, Saudi Arabia, Egypt, South Africa, and Rest of Middle East and Africa

Market Players Covered

3M (U.S.), Henkel Corporation (Germany), Saint-Gobain (France), DuPont (U.S.), The Dow Chemical Company (U.S.), tesa SE - A Subsidiary of Beiersdorf Company (Germany), Nitto Denko Corporation (Japan), among others

Market Opportunities

  • Growth in the automotive industry
  • Rapid growth of the display industry
  • Growing demand for aesthetic bonding

Market Definition

Optically clear adhesives are highly specialized adhesive materials that offer superior clarity and excellent adhesion to transparent substrates like film and glass. Optically clear adhesives provide a strong, reliable, and long-lasting bond while maintaining the visual clarity of the components.

Middle East and Africa Optically Clear Adhesive Market Dynamics

Drivers

  • Growth in the automotive industry

The automotive industry has adopted advanced technologies, including heads-up displays (HUDs), in-car infotainment systems, and advanced driver-assistance systems (ADAS). Optically clear adhesives are crucial 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 market's growth.

  • Rapid growth of the display industry

The rapid growth of the display industry, particularly in sectors like smartphones, tablets, televisions, and automotive displays, has created a significant demand for optically clear adhesives. These adhesives are used to bond and laminate display components, ensuring optical clarity and enhancing the visual performance of the displays, which in turn bolsters the market growth rate.

  • 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.

Opportunities

  • Increasing Demand for Automotive Displays

The automotive sector in the MEA region is witnessing steady growth, and there is a rising demand for advanced display technologies in vehicles. OCAs are essential in bonding and laminating automotive displays, such as instrument clusters, infotainment systems, heads-up displays, and rear-seat entertainment screens. The demand for enhanced user interfaces and display technologies in automobiles presents a favorable opportunity for the OCA market.

  • Renewable Energy Sector Development

The MEA region has focused on renewable energy sources to diversify its energy mix. This has led to investments in solar power generation projects. OCAs are used to assemble solar panels and photovoltaic modules, providing optical clarity and bonding strength. The growth of the renewable energy sector in the MEA region creates opportunities for the OCA market.

Restraints/Challenges

  • Limited Awareness and Adoption

The awareness and adoption of OCAs in the MEA region may be comparatively lower than in other regions. The market for OCAs is still emerging, and end-users may lack knowledge about the benefits and applications of OCAs. Limited awareness can hinder the region's market growth and adoption of OCAs.

  • Price Sensitivity

Price sensitivity is a significant challenge in the MEA market, as many businesses and consumers in the region are price-conscious. The cost of OCAs can be relatively high compared to traditional adhesive solutions. Price sensitivity can restrict the wider adoption of OCAs, especially in price-sensitive industries or for cost-sensitive applications.

This optically clear adhesive market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 make an informed decision to achieve market growth.

Recent Developments

  • In October 2021, Henkel launched its optically clear adhesives for automotive displays at C-TOUCH & DISPLAY SHENZHEN 2021. This new product launch helped in the company's product portfolio expansion 

  • In 2021, Permabond Engineering Adhesives announced the launch of its two new optically clear UV-curable adhesives. These products complement the existing UV product range.

Middle East and Africa Optically Clear Adhesive Market Scope

The Middle East and Africa optically clear adhesive market is segmented based on type, adhesive thickness, substrate, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and 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 Middle East and Africa 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 Middle East and Africa optically clear adhesive market report are U.A.E, Israel, Saudi Arabia, Egypt, South Africa, and rest of Middle East and Africa.

U.A.E dominates the Middle East and Africa optically clear adhesive market owing to increasing consumer preference for smartphones and consumer electronics such as T.V. and LEDs as they enhance their lifestyle.

The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, the 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 Middle East and Africa optically clear adhesive market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the Middle East and Africa optically clear adhesive market are:

  • 3M (U.S.)
  • Henkel Corporation (Germany)
  • Saint-Gobain (France)
  • DuPont (U.S.)
  • The Dow Chemical Company (U.S.)
  • tesa SE - A Subsidiary of Beiersdorf Company (Germany)
  • Nitto Denko Corporation (Japan)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Middle East and Africa Optically Clear Adhesive Market is known to be worth USD 342,621.80 thousand by 2030.
The Growth Rate of Middle East and Africa Optically Clear Adhesive Market is 9.4% by 2030.
The rapid growth of the display industry, particularly in sectors like smartphones, tablets, televisions, and automotive displays, has created a significant demand for the Middle East and Africa Optically Clear Adhesive Market.
The major players operating in the Middle East and Africa optically clear adhesive market are 3M, Henkel Corporation , Saint-Gobain, DuPont, etc
Type, adhesive thickness, substrate, and application are the factors on which Middle East and Africa Optically Clear Adhesive Market research is based.
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