Optic Adhesives Market by Material (Acrylic, Epoxy, Polyurethane), Surface (Curved, Edge, Flat), Thickness, Application, End-user Industries - Global Forecast 2024-2030

Optic Adhesives Market by Material (Acrylic, Epoxy, Polyurethane), Surface (Curved, Edge, Flat), Thickness, Application, End-user Industries - Global Forecast 2024-2030

The Optic Adhesives Market size was estimated at USD 355.97 million in 2023 and expected to reach USD 381.71 million in 2024, at a CAGR 9.66% to reach USD 679.16 million by 2030.

Global Optic Adhesives MarketOptic adhesives are used to bond or cement optical components together or to an optical system for several optical applications. Optic adhesives are light-transmitting and are suitable for use in the optical path used across various electronic devices. The optically clear adhesive binds the transparent layer in devices to protect them from harsh chemicals, damage, and scratches. The increased spending on automated home products and smart electronic devices and increasing the use of optic adhesives. Optic adhesives are used to connect display devices, touch panels, plastic, cover lenses, and other optical materials, such as the primary sensor unit, to provide a clear visual appearance. This increased utilization of smart devices and the rising digital signage deployment in public places are boosting the demand for optically clear adhesives to improve their durability, optical properties, adhesive strength, reliability, and bonding strength. However, obstacles such as toxicity associated with these adhesives and raw materials supply issues can hamper the use of optic adhesives. Technological advancements leading to new product offerings and the development of smart sensors & fiber optic-based military weapon systems are expected to accelerate the use of optic adhesives in the near future.

Regional Insights

Optic adhesives are proliferating with the exponential growth of the semiconductor manufacturing industry, and the rising adoption of smartphones and electronic devices by the populations in the Americas, Europe, and Asia-Pacific region. The GSMA estimated that smartphone connections are projected to increase by 84% globally by 2025, which can significantly increase the use of optic adhesives during the manufacturing of electronic devices and smartphones. The optically clear adhesive dominates the Asia-Pacific region due to rising investments in expanding semiconductor production, particularly in India, China, Japan, and South Korea. For instance, in September 2022, the Indian government planned to invest USD 25 billion to increase support for new semiconductor and display facilities which can accelerate the use of optic adhesives in the region. Introducing new technologies such as light-curing optically clear adhesives, nano-engineered optically clear adhesives, and smart optically clear adhesives are expected to improve the performance of optical components and produce smaller and lighter optical systems in developed and emerging economies.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Optic Adhesives Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Optic Adhesives Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Optic Adhesives Market, highlighting leading vendors and their innovative profiles. These include 3M Company, ADHESIVE DISPENSING LTD., Adhesives Research, Inc., AMS Technologies AG, Astech-Optics, Atom Adhesives, Aura Optical Systems, L.P., AusOptic International Pty Ltd., Blue Helix, Cattie Adhesives, Comar Optics Ltd., DeepMaterial, DELO Industrie Klebstoffe GmbH & Co. KGaA, Denka Company Limited, Dic Corporation, DuPont de Nemours, Inc., Dymax Corporation, Edmund Optics Inc., Edmund Optics India Private Limited, Electronic Coating Technologies, Inc., Ellsworth Adhesives, EpoxySet, Inc., Excel Scientific, Fiber Optic Center, Inc., Henkel Corporation, Hitachi Media Electronics Co., Ltd., Intercol, INTERTRONICS, LINTEC Corporation, Master Bond Inc., Merck KGaA, Meridian Adhesives Group, Miracletouch Technology Inc., Momentive Performance Materials Inc., Nan Pao Resins Co., Ltd., NextGen Adhesives, Panacol-Elosol GmbH, Parson Adhesives India Private Limited, Resintech Limited, Tesa SE, The Dow Chemical Company, Thermo Fisher Scientific Inc., Thorlabs, Inc., Threebond International, Inc., and Vitrochem Technology Pte Ltd.

Market Segmentation & Coverage

This research report categorizes the Optic Adhesives Market to forecast the revenues and analyze trends in each of the following sub-markets:

Material
Acrylic
Epoxy
Polyurethane
Polyvinyl Acetate
Silicone
Surface
Curved
Edge
Flat
Thickness
100-200 μm
200-300 μm
300-400 μm
400 μm & above
Less than 100 μm
Application
Fibre-Optic Assembly
Lens & prism bonding
Optical Element Positioning & fixturing
End-user Industries
Automotive
Consumer Electronics
Digital Signage
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Optic Adhesives Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Optic Adhesives Market?
3. What are the technology trends and regulatory frameworks in the Optic Adhesives Market?
4. What is the market share of the leading vendors in the Optic Adhesives Market?
5. Which modes and strategic moves are suitable for entering the Optic Adhesives Market?

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