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Optic Adhesive Market Analysis

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

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Optic Adhesive Market Analysis

Optic Adhesives Market Size, By Type, 2021 - 2032 (USD Billion)

Based on product, the optic adhesive market is segmented as acrylic, silicone, epoxy, cyanoacrylate, other. Electronics held a majority market value of USD 0.8 billion in 2022. Acrylic adhesives offer excellent optical clarity, ensuring minimal interference with light transmission in optical devices and components. Acrylic adhesives have relatively fast curing times, enabling efficient production processes and reducing assembly time in various industries. Moreover, an increasing usage will further accelerate the segmental growth.

Optic Adhesive Market Revenue Share, By Application, (2022)

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Based on application, the optic adhesive market is segmented as electronics, outdoor signage, automotive, others. Electronics held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace through 2032. The demand for optic adhesives is high in the display industry for bonding LCD, OLED, and microLED panels to ensure precise alignment and optical clarity in various electronic devices, including smartphones, TVs, tablets, and monitors.

Based on application, the optic adhesive market is segmented as Electrical & Electronics, Automotive, Aerospace, Others. Electrical & Electronics held a dominant market share in 2022 and is anticipated to grow at 4.6% CAGR up to 2032. The increasing use of touchscreens in consumer electronics and automotive applications drives the demand for optic adhesives that offer both optical clarity and mechanical stability in touchscreen assembly. Thus, the high-quality services and growing usage of Optic Adhesive at food centres are anticipated to expedite the business demand.

U.S. Optic Adhesives Market Size, 2021- 2032 (USD Billion)

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U.S. dominated the North American region with majority optic adhesive market share and a revenue of USD 0.5 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North America is a hub for advanced electronics manufacturing, including displays, smartphones, tablets, and other consumer electronic devices that utilize optic adhesives for bonding and assembly.

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.