The global optically clear adhesives market size is expected to reach USD 3,218.7 Million in 2028 and register a revenue CAGR of 9.2% over the forecast period, according to latest analysis by Emergen Research. Some key factors driving steady market revenue growth include rising demand for touchscreen display devices and optical devices among consumers. Optically clear adhesives are preferred adhesives for bonding touch panels, display screens, and in various other applications involving bonding of lens in microscopes, cameras, and prisms. Optically clear adhesives offer a strong bonding on various substrates, including plastics used in smartphones and automotive displays. These adhesives enhance display performance and viewability, as well as aid in lessening loss of light caused by reflection and also to improve contrast ratios.

Some major players in the market include Henkel AG & Co. KGaA, DuPont, the 3M Company, LINTEC Corporation, Norland Products Inc., Mitsubishi Chemical Corporation, Nitto Denko Corporation, DELO Industrie Klebstoffe GmbH & Co. KGaA, Dymax Corporation, and Scapa Group PLC.

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Increasing investment in renewable energy and rising emphasis by governments globally to install photovoltaic panels are factors driving market revenue growth. Photovoltaic cells stacked via mechanical means need optically clear adhesive bonding for improved efficiency as  this method enables combination of a varied range of materials with wide ranging bandgaps.

Market Scope:         

One of the report’s central components is the broad Optically Clear Adhesives (OCAs)  market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Optically Clear Adhesives (OCAs)  market players.

Valuable Market Insights:

• The report highlights the latest trends observed in the consumption pattern of each regional segment.
• Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
• The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Optically Clear Adhesives (OCAs)
• The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

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Some Key Highlights from the Report

• In July 2019, Panacol announced the launch of Vitralit 50004, which is an innovative one-component optically clear adhesive. Vitralit 50004 is a UV-curable adhesive based on acrylic with ultra-low viscosity and finds application for laminating optics and bonding displays.
• Silicone is one of the most commonly used resins in optically clear adhesives and is especially ideal for use on substrates that demand high temperature performance, attributed to temperature resistance properties of silicone. Also, silicone-based optically clear adhesives can endure shock, impact, and vibration, while upholding stress resistance.
• Among the industry vertical segments, aerospace segment revenue is expected to register a significantly rapid growth rate over forecast period. Optically clear adhesives are used in displays screen in aircraft cockpits to aid in enhanced display performance. Also, it efficiently removes any gaps between the LCD/LED and cover glass, while delivering anti-reflective, anti-smudge, and anti-glare characteristics to the cover glass.

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Emergen Research has segmented the global optically clear adhesives market on the basis of resin type, application, industry vertical, and region:

Resin Type Outlook (Volume, Kilotons; Revenue, USD Million; 2018–2028)

• Acrylic
• Polyvinyl Acetate
• Silicone
• Polyurethane
• Epoxy
• Others

Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018–2028)

• Smartphones
• Tablets
• Signage
• Monitors
• Automotive Display Screens
• Others

Industry Vertical Outlook (Volume, Kilotons; Revenue, USD Million; 2018–2028)

• Electrical & Electronics
• Automotive
• Energy
• Aerospace
• Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018–2028)

• North America

1. U.S.
2. Canada
3. Mexico

1. Germany
2. U.K.
3. France
4. Italy
5. Spain
6. Sweden
7. BENELUX
8. Rest of Europe

1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC

1. Brazil
2. Rest of LATAM

1. Saudi Arabia
2. UAE
3. South Africa
4. Israel
5. Rest of MEA

Key Objectives of the Report:

• Analysis and estimation of the Optically Clear Adhesives (OCAs) market size and share for the projected period of 2021-2028
• Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
• Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Optically Clear Adhesives (OCAs) market
• Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
• Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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