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Optic Adhesive Market Trends

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

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Optic Adhesive Market Trends

The demand for optic adhesives with high optical clarity, low birefringence, and excellent adhesion to different substrates is increasing, driven by the growing use of optical devices in various industries. The rapid development of advanced display technologies, such as OLED and micro LED, is driving the demand for optic adhesives with high light transmitta

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.