Optic Adhesives Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Resin Type (Epoxy, Acrylic, Silicone, Cyanoacrylate, Others), By Application (Optical Bonding & Assembly, Lens Bonding Cement, Fiber Optics, Others), By Region and Competition 2018-2028F

Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format

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Optic Adhesives Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Resin Type (Epoxy, Acrylic, Silicone, Cyanoacrylate, Others), By Application (Optical Bonding & Assembly, Lens Bonding Cement, Fiber Optics, Others), By Region and Competition 2018-2028F

In 2022, the number of smartphone users in China surpassed 1 billion.

High Popularity of Smart Devices

For instance, in March 2022, Master Bond Inc. launched a new medical-grade epoxy that can be used in applications that require optical clarity.

For instance, International Monetary Fund estimates that 1.37 million smartphone units were sold globally in 2019 and more than 5 billion individuals, or more than half of the world’s population, own mobile devices.

In order to shield gadgets from toxic chemicals, damage, and scratches, the transparent layer is bound by optical adhesive. Along with increasing readability, viewability, and contrast in both outdoor and indoor devices, it also enhances the optical, mechanical, and electrical performance of the display module and the associated device.

Increasing Demand from Automotive Industry

For instance, according to Organisation Internationale des Constructeurs d'Automobiles (OICA), the total motor vehicle production increased by 10% in the USA, in 2021, from 2020.

Thus, with the increasing production of motor vehicles, the global Optic Adhesives market is anticipated to witness substantial growth during the projected period.

Rising Growth of the Aerospace & Defense Industry


MIR Segment1

For instance, the Government of Quebec and the Government of Canada, invested USD 2 billion in the aerospace industry to drive the recovery of the sector, in 2021.

These factors are anticipated to increase the use of optic adhesives in the forecast years.

Recent Developments

  • In October 2021, dual-cure adhesive LOCTITE® STYCAST® OS 5101 was created by Henkel for the in-line assembly of optical transceivers in the next-generation cloud and hyperscale data centers. It allows for accurate, perfect alignment of the optical lens and component placement.
  • In April 2020, Delo Industrial Adhesives LLC carried out innovative alternatives for liquid additive manufacturing.
  • Vitralit 50004, an optical adhesive, was unveiled by PANACOL in July 2019. Various display systems and gadgets are bonded together using UV-curable acrylic glue, which has a very low viscosity and is used to laminate optics.
  • In September 2018, Samsung started using optical adhesives for its foldable smartphones and panels.

Market Segmentation

Company Profiles

Attribute

Details

Base Year

2022

Historic Data

2018 â€“ 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Resin Type

Application

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States; Mexico; Canada; France; Germany; United Kingdom; Spain; Italy; China; India; South Korea; Japan; Singapore; Brazil; Argentina; South Africa; Saudi Arabia; UAE

Key companies profiled

Henkel AG & Co. KGAA, 3M Co., Dymax Corporation, Saint-Gobain S.A., Delo Industrial Adhesives LLC, Parson Adhesives India Private Limited, Panacol-Elosol GmbH, DIC Corporation, Master Bond Inc., Nan Pao Resins Chemical Co Ltd

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