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Optic Adhesive Market Size

  • Report ID: GMI6425
  • Published Date: Aug 2023
  • Report Format: PDF

Optic Adhesive Market Size

Optic Adhesive Market size was valued at around USD 2.3 billion in 2022 and is projected to register a CAGR of 5.2% between 2023 and 2032. The increasing adoption of optical devices such as cameras, sensors, displays, and lenses across various industries, including electronics, automotive, medical, and telecommunications, drives the demand for optic adhesives. The expansion of optical communication networks, data centers, and fiber-optic systems creates a need for optic adhesives to secure and protect optical fibers, connectors, and other components.

 

As electronic devices become more compact and slim, the demand for adhesive materials with excellent bonding and minimal thickness requirements increases, making optic adhesives ideal for these applications.

 

Optical devices often require precise and high-performance adhesives with minimal impact on light transmission, refractive index, and clarity. Optical devices are often exposed to a wide range of temperatures, and optic adhesives must maintain their performance and reliability under varying thermal conditions. Optic adhesives must provide effective protection against moisture, dust, and other environmental factors to ensure the long-term reliability and performance of optical components. Thus, the risks associated with Optic Adhesive may drive down the acceptance rate, further hampering the business growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for optic adhesive was USD 2.3 billion in 2022 and is estimated to reach USD 3.8 billion by 2032 owing to the increasing adoption of cameras, sensors, displays, and lenses in electronics, automotive, medical, and telecommunications.

Optic adhesive industry from the electronics segment accounted for USD 0.8 billion in revenue in 2022 and is likely to gain significant traction through 2032 owing to the surging need for efficient production processes and reducing assembly time in various industries.

U.S. market for optic adhesive was USD 0.5 billion in 2022 and is anticipated to expand at significant pace through 2032 owing to the rising demand for advanced electronics manufacturing, including displays, smartphones, and tablets.

The competitive landscape of the optic adhesive industry includes prominent companies, such as Henkel AG & Co. KGaA, 3M Company, Dow Inc., H.B. Fuller Company, Shin-Etsu Chemical Co., Ltd., Master Bond Inc., Dymax Corporation, Norland Products Inc., Panacol-Elosol GmbH, Permabond Engineering Adhesives Ltd., Mactac Industrial Tapes, Epotek, Inc. among others.

Optic Adhesive Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 191
  • Countries covered: 16
  • Pages: 150
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