Global Optic Adhesives Market
The global optic adhesives market is estimated to reach USD 2.54 billion in 2023, and is projected to reach USD 4.13 billion by 2033, at a CAGR of 5.3% during the forecast period. The major factors driving the growth of the market are the increasing demand for advanced optical components, rising demand from the automotive industry, and technological advancements in the industrial sector.
The demand for optically clear adhesives is expected to drive the market growth in the optics industry. The rising demand for optically clear adhesives in the display and semiconductor industries is expected to create new opportunities for the market players. In addition, the increasing demand for advanced optical components and growing investments in research & development are expected to drive the market in the near future
Optical adhesives are used in the optics industry to bond and seal optical components. They offer good optical clarity and excellent resistance to thermal, shock, and vibration. They are usually UV curable, which makes them ideal for applications such as optical display panels, lenses, and light guides. They are also used to bond optical fibers and other optical components.
The increasing demand for advanced optical components in the automotive and medical sectors is expected to fuel the growth of the market. The growing demand for optically clear adhesives in the display and semiconductor industries is expected to create new opportunities for the market players. In addition, technological advancements in the industrial sector are expected to drive the market growth. However, the high cost of raw materials and stringent environmental regulations are expected to restrain the growth of the market. In addition, the lack of skilled labor is expected to pose a challenge to the market.
The introduction of new technologies such as light-curing optically clear adhesives, nano-engineered optically clear adhesives, and smart optically clear adhesives are expected to create new opportunities for the market. These new technologies are expected to improve the performance of optical components and enable the production of smaller and lighter optical systems.
The key players in the global optic adhesives market are 3M Company (US), Dow (US), Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), SIKA AG (Switzerland), and LORD Corporation (US). Recent News and Developments In April 2021, SIKA AG announced the launch of its new optically clear adhesive, SikaClear-9430. The product provides excellent bonding and sealing properties, and is suitable for bonding glass, plastics, and metal components.
In April 2021, H.B. Fuller Company acquired the optical bonding unit of Laird Technologies, Inc. The acquisition is expected to expand the company’s portfolio of optically clear adhesives and strengthen its presence in the optical bonding market.
The increasing demand for sustainable and eco-friendly optical adhesives is expected to drive the market growth. The introduction of bio-based optical adhesives and water-based optical adhesives is expected to create new opportunities for the market players.
TABLE OF CONTENT
Global Optic Adhesives Market Report
1 Market Introduction of Global Optic Adhesives Market Report
2 Market Segmentation of Optic Adhesives Market Report
2.1 Optic Adhesives Market Segmentation By Region
2.2 Optic Adhesives Market Segmentation By Type
2.3 Optic Adhesives Market Segmentation By Crop Type
3 Cost Structure of Global Optic Adhesives Market Report
4 Country Analysis of Global Optic Adhesives Market Report
4.1 China
4.1.1 Optic Adhesives Market Size in China
4.1.2 Composite Market Trends & Analysis in China
4.1.3 Key Optic Adhesives companies in China
4.1.4 Regulatory Framework of Optic Adhesives Market in China
4.2 Germany
4.2.1 Optic Adhesives Market Size in Germany
4.2.2 Optic Adhesives Market Trends & Analysis in Germany
4.2.3 Key Optic Adhesives companies in Germany
4.2.4 Regulatory Framework of Optic Adhesives Market in Germany
4.3 France
4.3.1 Optic Adhesives Market Size in France
4.3.2 Optic Adhesives Market Trends & Analysis in France
4.3.3 Key Optic Adhesives companies in France
4.3.4 Regulatory Framework of Optic Adhesives Market in France
4.4 Italy
4.4.1 Optic Adhesives Market Size in Italy
4.4.2 Optic Adhesives Market Trends & Analysis in Italy
4.4.3 Key Optic Adhesives companies in Italy
4.4.4 Regulatory Framework of Optic Adhesives Market in Italy
4.5 Netherland
4.5.1 Optic Adhesives Market Size in Netherland
4.5.2 Optic Adhesives Market Trends & Analysis in Netherland
4.5.3 Key Optic Adhesives companies in Netherland
4.5.4 Regulatory Framework of Optic Adhesives Market in Netherland
4.6 Russia
4.6.1 Optic Adhesives Market Size in Russia
4.6.2 Optic Adhesives Market Trends & Analysis in Russia
4.6.3 Key Optic Adhesives companies in Russia
4.6.4 Regulatory Framework of Optic Adhesives Market in Russia
4.7 Canada
4.7.1 Optic Adhesives Market Size in Canada
4.7.2 Optic Adhesives Market Trends & Analysis in Canada
4.7.3 Key Optic Adhesives companies in Canada
4.7.4 Regulatory Framework of Optic Adhesives Market in Canada
4.8 Mexico
4.8.1 Optic Adhesives Market Size in Mexico
4.8.2 Optic Adhesives Market Trends & Analysis in Mexico
4.8.3 Key Optic Adhesives companies in Mexico
4.8.4 Regulatory Framework of Optic Adhesives Market in Mexico
4.9 Singapore
4.9.1 Optic Adhesives Market Size in Singapore
4.9.2 Optic Adhesives Market Trends & Analysis in Singapore
4.9.3 Key Optic Adhesives companies in Singapore
4.9.4 Regulatory Framework of Optic Adhesives Market in Singapore
4.10 United Kingdom
4.10.1 Optic Adhesives Market Size in United Kingdom
4.10.2 Optic Adhesives Market Trends & Analysis in United Kingdom
4.10.3 Key Optic Adhesives companies in United Kingdom
4.10.4 Regulatory Framework of Optic Adhesives Market in United Kingdom
4.11 Switzerland
4.11.1 Market Size in Switzerland
4.11.2 Market Trends & Analysis in Switzerland
4.11.3 Key Optic Adhesives companies in Switzerland
4.11.4 Regulatory Framework of Optic Adhesives Market in Switzerland
4.12 Brazil
4.12.1 Market Size in Brazil
4.12.2 Market Trends & Analysis in Brazil
4.12.3 Key Optic Adhesives companies in Brazil
4.12.4 Regulatory Framework of Optic Adhesives Market in Brazil
4.13 USA
4.13.1 Market Size in US
4.13.2 Market Trends & Analysis in US
4.13.3 Key Optic Adhesives companies in US
4.13.4 Regulatory Framework of Optic Adhesives Market in US
4.14 Japan
4.14.1 Market Size in Japan
4.14.2 Market Trends & Analysis in Japan
4.14.3 Key Optic Adhesives companies in Japan
4.14.4 Regulatory Framework of Optic Adhesives Market in Japan
4.15 South Korea
4.15.1 Market Size in South Korea
4.15.2 Market Trends & Analysis in South Korea
4.15.3 Key Optic Adhesives companies in South Korea
4.15.4 Regulatory Framework of Optic Adhesives Market in South Korea
4.16 India
4.16.1 Market Size in India
4.16.2 Market Trends & Analysis in India
4.16.3 Key Optic Adhesives companies in India
4.16.4 Regulatory Framework of Optic Adhesives Market in India
4.17 Thailand
4.17.1 Market Size in Thailand
4.17.2 Market Trends & Analysis in Thailand
4.17.3 Key Optic Adhesives companies in Thailand
4.17.4 Regulatory Framework of Optic Adhesives Market in Thailand
4.18 Russia
4.18.1 Market Size in Russia
4.18.2 Market Trends & Analysis in Russia
4.18.3 Key Optic Adhesives companies in Russia
4.18.4 Regulatory Framework of Optic Adhesives Market in Russia
4.19 Malaysia
4.19.1 Market Size in Malaysia
4.19.2 Market Trends & Analysis in Malaysia
4.19.3 Key Optic Adhesives companies in Malaysia
4.19.4 Regulatory Framework of Optic Adhesives Market in Malaysia
4.20 Saudi Arabia
4.20.1 Market Size in Saudi Arabia
4.20.2 Market Trends & Analysis in Saudi Arabia
4.20.3 Key Optic Adhesives companies in Saudi Arabia
4.20.4 Regulatory Framework of Optic Adhesives Market in Saudi Arabia
5 Optic Adhesives Market Trends
5.1 Optic Adhesives Market Trends- Key Drivers
5.2 Optic Adhesives Market Trends- Key Restraints
5.3 Optic Adhesives Market Trends- Key Challenges
5.4 Porter’s Five Forces Analysis of Optic Adhesives Market
5.5 PEST Analysis- Optic Adhesives Market
6 Optic Adhesives Market Forecast
6.1 Optic Adhesives Market Forecast By Region
6.1.1 North America
6.1.2 Europe
6.1.3 APAC
6.1.4 Middle East
6.1.5 ROW
6.2 Optic Adhesives Market Forecast By Type
6.2.1 Fertilizer
6.2.2 Pesticide
6.3 Optic Adhesives Market Forecast By Crop Type
6.3.1 Fruits & Vegetables
6.3.2 Oilseed and Pulses
6.3.3 Cereals & Grains
6.3.4 Other
7 Supply Chain of the Optic Adhesives Market Analysis
8 Opportunity Analysis
9 Scenario Analysis
10 Key Company Profiles
11 Strategic Conclusions – Optic Adhesives Market Report
12 Abbreviations used in Optic Adhesives Market Report
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