North America Optically Clear Adhesive Market – Industry Trends and Forecast to 2030

North America 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.

North America Optically Clear Adhesive Market Analysis and Size  

Rising applications in smartphones and tablets, along with the growing automotive industry and shift towards optically clear adhesive in automotive, is driving the market growth, whereas higher production cost as compared to its peers increases B2B prices, and fluctuation in price material may hamper the growth of the market.

The optically clear adhesive is the bonding technology that is widely used to bind the display devices and touch panels and also to cover lenses or other optic materials such as sensors. Optically clear adhesives are transparent or colorless substances that allow the entire surface area of a screen of the device to bond properly without any distortion.

Data Bridge Market Research analyses that the Optically Clear Adhesive market which was USD 2.30 billion in 2022, would rocket up to USD 5.38 billion by 2030, and is expected to undergo a CAGR of 11.2% during the forecast period of 2023 to 2030. The “Packaging” segment in the end-user segment dominates the Optically Clear Adhesive market because of its functional properties and cost-effectiveness.

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, pipeline analysis, pricing analysis, and regulatory framework.

North America Optically Clear Adhesive Market Scope and Segmentation

Market Definition

The optically clear adhesive is the bonding technology that is widely used to bind the display devices and touch panels and also to cover lenses or other optic materials such as sensors. Optically clear adhesives are transparent or colorless substances that allow the entire surface area of a screen of the device to bond properly without any distortion.

Optical bonding enhances the performance and durability of the device display as it eliminates the gap between the LCD and the cover glass. Optical bonding increases the viewability of the screen as it contrasts the ratio by reducing the amount of reflected light.

North America Optically Clear Adhesive Market Dynamics

Drivers

• Growing demand for consumer electronics

In today’s time, there is a huge demand for consumer electronics products which include wireless charging platforms, mobile devices, smartphones, wearable devices, tablets and among others, due to which we can say that today’s consumers expect their electronics products to be reliable, robust and responsive. The products of consumer electronics have high demand among consumers. There are almost as many as hundreds of adhesive solutions in the electronics products designed to meet the specific applications from the assembly of membrane sensors to product protection and durability. For this reason, the growing demand for consumer electronics is acting as a driver for growing the demand of the global optically clear adhesive market.

• Increasing application in smartphones and tablets

The mobile and tablet device market is continuously growing with dynamic growth. Every year, manufacturers work to improve on launching previous generations of smartphones and tablets to demand customers’ needs. In smartphones and tablets, adhesive devices’ critical performance benefits the manufacturers, such as high adhesion to most substrates, fast curing fixturing and curing speeds, excellent chemical and moisture resistance, impact resistance and reliable performance and quality and superior tensile properties. Also, adhesives are used in a wide range of applications in smartphones and tablets. For this reason, increasing application in smartphones and tablets is acting as a driver for growing the demand of global optically clear adhesive market.

Opportunities

• Novel advancement in optical adhesive

The optically clear adhesive is a bonding technology used for touch panels and display technology to adhere to display components. Optically clear adhesives are specialized film adhesives that provide higher adhesion to various types of transparent substrates. These types of adhesives are used to enhance the brightness and contrast along with improved mechanical and electrical performance of displays. Novel advancements in optical adhesives help to improve the performance of device displays. The manufacturers are engaged in several research and development activities for launching new products in the market with the latest technology, which helps in boosting the demand of the market.

Restraints/Challenges

• Volatility in raw material prices

The optically clear adhesive is used in touch panels of mobile phones and display devices to bind the cover lens. It has a wide range of industrial applications. Also, it is very useful in every field of industrial applications, but in optically clear adhesive, the cost of raw materials which are used in the adhesive is volatile, which hampers the demand of the market. More than 80% of substances are petroleum-based, which are used in the manufacturing of adhesive raw materials. Petroleum substances are always volatile because the cost of petroleum substances can increase at any time, which puts pressure on manufacturers to purchase them. For this reason, volatility in the prices of raw materials is acting as a restraint to hamper the demand of the global optically clear adhesive market.

• Easy availability of substitutes

Optically clear adhesives are formulations of sticky solids which are used to adhere pieces of material together. Adhesives are commonly used as adhesives, laminate, hardwood floor adhesives and flexible foam adhesives. There is the easy availability of substitutes of adhesives in the market, such as Coatings and Inks, which is work as same as adhesives, due to which easy availability of substitutes hampers the demand of the market. The easy availability of substitutes has disturbed the growth of the market, as end-users have different types of options which are available in the market end-users can compare each product and then decide to purchase it, which restricts the growth of the market.

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 market decision to achieve market growth.

Recent Development

• In February 2020, Henkel Corporation, a subsidiary of Henkel AG & Co. KGaA, announced that they had invested 50 million euros to expand their adhesives facility in Pune, India. By expanding its business, the company has enhanced its business and generated more revenue by serving a large customer base.

North America Optically Clear Adhesive Market Scope

The optically clear adhesive market is segmented on the basis of the type, adhesive thickness, substrate, and application. The growth amongst these segments will help you analyse 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

1. Acrylics
2. Polyvinyl Acetate
3. Silicone
4. Polyurethane
5. Epoxy
6. Others

Adhesive Thickness

1. Less Than 1mm
2. 1-2 Mm
3. 2-3 Mm
4. 3-4 Mm
5. 4-5 Mm
6. Others

Substrate

1. Metal, Glass
2. Ito Glass
3. Polyethylene Terephthalate (PET)
4. Polymethyl Methacrylate (PMMA)
5. Poly Carbonate (Pc)
6. Others

Application

1. Mobile Phones
2. Tablets
3. Monitors
4. Television
5. Outdoor Signage
6. Automotive
7. Wearable Devices
8. Electronic Blackboards
9. OLED
10. Others

North America Optically Clear Adhesive Market Regional Analysis/Insights

The 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 optically clear adhesive market report are U.S., Canada, and Mexico.

The U.S. dominates the optically clear adhesive market due to rising consumer preference for smarter built-in functions and improved broadband speeds, which drives the market growth.

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, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of the North America 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 North America Optically Clear Adhesive Market Share Analysis

The optically clear adhesive market competitive landscape provides details by competitors. 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 the optically clear adhesive market.

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

• LINTEC Corporation (Japan)
• 3M (U.S.)
• Henkel AG & Co. KGaA (Germany)
• Saint-Gobain (France)
• DuPont (U.S.)
• Dow (U.S.)
• Mitsubishi Chemical Corporation (A Subsidiary of Mitsubishi Chemical Holdings Corporation) (Japan)
• NITTO DENKO CORPORATION (Japan)
• TORAY ADVANCED FILM CO., LTD. (A Subsidiary of TORAY INDUSTRIES, INC.) (Japan)
• Hitachi Chemical Co., Ltd. (Japan)
• Adhesives Research, Inc. (U.S.)
• Cyberbond L.L.C. (A Subsidiary of H.B. Fuller Company) (U.S.)
• Dymax Corporation (U.S.)
• Master Bond Inc. (U.S.)
• Norland Products Inc. (U.S.)
• Permabond LLC. (U.K.)
• Scapa Group plc (U.K.)
• tesa SE - A Beiersdorf Company (A Subsidiary of Beiersdorf AG) (Germany)
• Vampire Optical Coatings, INC (U.S.)