Rising focus on improving contrast ratio and optical clarity of screens and increasing demand for liquid optically clear adhesives are some key factors driving market growth
The global optically clear adhesive market size reached USD 1.58 Billion in 2020 and is expected to register a revenue CAGR of 9.2%, during the forecast period, according to latest analysis by Emergen Research. Rising demand for Liquid Optically Clear Adhesives (LOCA) and rising need for improving contrast ratio and optical clarity of screens and panels of various products are some key factors driving global optically clear adhesive market revenue growth. Trend of digital signages for advertising is also expected to boost revenue growth of the market to a significant extent.
The most widely used type of bonded adhesive is liquid optically clear adhesive, which is utilized in bonding of a wide range of components such as touchscreens, touch panels, and lens owing to effective bonding capabilities. Liquid optically clear adhesives have high adhesion on plastics and substrates, making these ideal for smartphone and automotive displays, as well as other capacitive touch screens.
Additionally, the report also gives an insight into product portfolios, costs, sales, production capacities, and market players. Raw materials, demand analysis, product flow, and distribution channels have been studied and surveyed extensively in this research report. The key growth trends and opportunities are offered through a thorough investigation and examination of the market. A detailed course of development is offered in the report along with insights into businesses connected with it, which include firms, industries, organizations, vendors, and local manufacturers.
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The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Prominent Players Analyzed in the Report:
Henkel AG & Co. KGaA, 3M Company, Dow Silicones Corporation, tesa SE, Nitto Denko Corporation, Toray Industries, Inc., Mitsubishi Chemical Corporation, Vampire Optical Coatings, Inc., DELO Industrie Klebstoffe GmbH & Co. KGaA, and Cyberbond L.L.C.
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Key Highlights From the Report
Acrylic segment revenue is expected to expand at a significant CAGR during the forecast period owing to rising demand for acrylic resin-based optically clear adhesives, which are now the most widely used adhesives in the market due to their superior cohesion and adhesion characteristics, making products suitable for pressure-sensitive applications.
Glass segment is expected to lead in terms of revenue over the forecast period owing to growing demand among consumer electronics businesses since it is utilized as transparent adhesive for smartphones, computers, tablet devices, LED, televisions, and
Consumer electronics segment is expected to lead in terms of revenue over the forecast period. Rising consumer electronics product sales around the world are expected to fuel revenue growth of this segment.
Furthermore, the report divides the Optically Clear Adhesive market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
Emergen Research has segmented the global optically clear adhesive market on the basis of resin type, device structure, substrate, application, end-use, and region:
Resin Type Outlook (Revenue, USD Billion; 2018–2028)
Device Structure Outlook (Revenue, USD Billion; 2018–2028)
Substrate Outlook (Revenue, USD Billion; 2018–2028)
Polyethylene Terephthalate (PET)
Indium Tin Oxide (ITO) Glass
Polymethyl Methacrylate (PMMA)
Application Outlook (Revenue, USD Billion; 2018–2028)
Monitors & Laptop
End-Use Outlook (Revenue, USD Billion; 2018–2028)
The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
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According to the regional analysis, the market is primarily spread over key geographical regions as follows:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Reasons to Buy This Report:
The report presents a thorough examination of the Optically Clear Adhesive market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
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Look Over transcripts provided by Emergen Research
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