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

Industry : Chemicals
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Published Date : NA

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Report Description

Optic Adhesives market is anticipated to grow significantly through 2028 due to the growing demand for smart devices. In 2022, the number of smartphone users in China surpassed 1 billion. Optical Adhesives are used to bind plastic, cover lenses, and other optical materials to the primary sensor unit and to each other in display devices and touch panels, throughout the world. Optical adhesives have properties like high transmittance and a low loss fraction, making them suitable for use in touchscreens and panels of portable electronics. These adhesives may join a variety of surfaces, including glass, polycarbonate, Indium Tin Oxide (ITO), polyethylene terephthalate (PET), and polymethyl methacrylate (PMMA). Market expansion is anticipated to be fueled by the usage of optical adhesives in a number of end-use sectors, including electrical & electronics, aerospace, automotive, and others.

High Popularity of Smart Devices
Many innovation and technological advancement are being pursued in the current scenario which increases the production of smart gadgets including smart watches, smart phone, tablets, LED TV, laptops and display screen of many medical devices such as ultrasound probes, and the demand of optical adhesives in the forecast years.

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
A protective transparent cover screen is attached to an LCD panel below, using optical adhesive in the automobile sector. Clear screen visibility is provided by optical adhesives, which eliminate the air gap between the two layers. These adhesives are applied in a variety of ways in automobiles, including flip-down television panels and navigation screens. Therefore, increasing production of vehicles results in the demand of optic adhesives.

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
Optical adhesives are used in aerospace and defence sector in touch and display panel as it helps in covering lens and plastic to the main sensor unit in order to improve optical characteristics and endurance. In display devices and touch panels, optical adhesives are used in the aerospace and defense sector to attach the cover lens and plastic to the main sensor unit in order to improve optical characteristics and endurance. These adhesives are used in the aerospace and defense sector to enable design freedom for displays while yet delivering great performance in challenging conditions. With the government's expanding investment in the aerospace and military sector, the demand for optical adhesives is rising quickly in developing and emerging nations.

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.

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Market Segmentation
Global Optic Adhesives Market is segmented based on resin type, application, and region. Based on resin type, the market is categorized into epoxy, acrylic, silicone, cyanoacrylate, and others. Based on application, the market is segregated into optical bonding & assembly, lens bonding cement, fiber optics, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Company Profiles
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 are some of the key players of Global Optic Adhesives Market.

Attribute	Details
Base Year	2022
Historic Data	2018 – 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
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the global Optic Adhesives market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

Optic Adhesives Market, By Resin Type:

Epoxy
Acrylic
Silicone
Cyanoacrylate
Others

Optic Adhesives Market, By Application:

Optical Bonding & Assembly
Lens Bonding Cement
Fiber Optics
Others

Optic Adhesives Market, By Region:

North America

United States
Mexico
Canada

Europe

France
Germany
United Kingdom
Spain
Italy

Asia-Pacific

China
India
South Korea
Japan
Singapore

South America

Brazil
Argentina

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies in the global Optic Adhesives market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Optic Adhesives Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Optic Adhesives Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Resin Type (Epoxy, Acrylic, Silicone, Cyanoacrylate, Others)

5.2.2. By Application (Optical Bonding & Assembly, Lens Bonding Cement, Fiber Optics, Others)

5.2.3. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.4. By Company (2022)

5.3. Market Map

5.3.1. By Resin Type

5.3.2. By Application

5.3.3. By Region

6. North America Optic Adhesives Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Resin Type

6.2.2. By Application

6.2.3. By Country

6.3. Pricing Analysis

6.4. North America: Country Analysis

6.4.1. United States Optic Adhesives Market Outlook

6.4.1.1. Market Size & Forecast

6.4.1.1.1. By Value & Volume

6.4.1.2. Market Share & Forecast

6.4.1.2.1. By Resin Type

6.4.1.2.2. By Application

6.4.2. Mexico Optic Adhesives Market Outlook

6.4.2.1. Market Size & Forecast

6.4.2.1.1. By Value & Volume

6.4.2.2. Market Share & Forecast

6.4.2.2.1. By Resin Type

6.4.2.2.2. By Application

6.4.3. Canada Optic Adhesives Market Outlook

6.4.3.1. Market Size & Forecast

6.4.3.1.1. By Value & Volume

6.4.3.2. Market Share & Forecast

6.4.3.2.1. By Resin Type

6.4.3.2.2. By Application

7. Europe Optic Adhesives Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Resin Type

7.2.2. By Application

7.2.3. By Country

7.3. Pricing Analysis

7.4. Europe: Country Analysis

7.4.1. France Optic Adhesives Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value & Volume

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Resin Type

7.4.1.2.2. By Application

7.4.2. Germany Optic Adhesives Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value & Volume

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Resin Type

7.4.2.2.2. By Application

7.4.3. United Kingdom Optic Adhesives Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value & Volume

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Resin Type

7.4.3.2.2. By Application

7.4.4. Spain Optic Adhesives Market Outlook

7.4.4.1. Market Size & Forecast

7.4.4.1.1. By Value & Volume

7.4.4.2. Market Share & Forecast

7.4.4.2.1. By Resin Type

7.4.4.2.2. By Application

7.4.5. Italy Optic Adhesives Market Outlook

7.4.5.1. Market Size & Forecast

7.4.5.1.1. By Value & Volume

7.4.5.2. Market Share & Forecast

7.4.5.2.1. By Resin Type

7.4.5.2.2. By Application

8. Asia-Pacific Optic Adhesives Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Resin Type

8.2.2. By Application

8.2.3. By Country

8.3. Pricing Analysis

8.4. Asia-Pacific: Country Analysis

8.4.1. China Optic Adhesives Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value & Volume

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Resin Type

8.4.1.2.2. By Application

8.4.2. India Optic Adhesives Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value & Volume

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Resin Type

8.4.2.2.2. By Application

8.4.3. South Korea Optic Adhesives Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value & Volume

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Resin Type

8.4.3.2.2. By Application

8.4.4. Japan Optic Adhesives Market Outlook

8.4.4.1. Market Size & Forecast

8.4.4.1.1. By Value & Volume

8.4.4.2. Market Share & Forecast

8.4.4.2.1. By Resin Type

8.4.4.2.2. By Application

8.4.5. Singapore Optic Adhesives Market Outlook

8.4.5.1. Market Size & Forecast

8.4.5.1.1. By Value & Volume

8.4.5.2. Market Share & Forecast

8.4.5.2.1. By Resin Type

8.4.5.2.2. By Application

9. South America Optic Adhesives Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Resin Type

9.2.2. By Application

9.2.3. By Country

9.3. Pricing Analysis

9.4. South America: Country Analysis

9.4.1. Brazil Optic Adhesives Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value & Volume

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Resin Type

9.4.1.2.2. By Application

9.4.2. Argentina Optic Adhesives Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value & Volume

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Resin Type

9.4.2.2.2. By Application

10. Middle East and Africa Optic Adhesives Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Resin Type

10.2.2. By Application

10.2.3. By Country

10.3. Pricing Analysis

10.4. MEA: Country Analysis

10.4.1. South Africa Optic Adhesives Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value & Volume

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Resin Type

10.4.1.2.2. By Application

10.4.2. Saudi Arabia Optic Adhesives Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value & Volume

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Resin Type

10.4.2.2.2. By Application

10.4.3. UAE Optic Adhesives Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value & Volume

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Resin Type

10.4.3.2.2. By Application

11. Market Dynamics

11.1. Drivers

11.1.1. Growing penetration of smart devices and camera or digital sensors rises demand

11.1.2. Rising growth of the Aerospace & Defence Industry

11.1.3. Increasing demand from Automotive Industry

11.2. Challenges

11.2.1. Harmfulness of adhesives causes a possible threat to manufacturers

11.2.2. Changes in stress or other environmental conditions may lead to catastrophic failures

12. Market Trends & Developments

12.1. Product Launches

12.2. Merger’s & Acquisitions

12.3. Technological Advancements

13. Global Optic Adhesives Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Business Overview

15.2. Product Offerings

15.3. Recent Developments

15.4. Financials (In Case of Listed Companies)

15.5. Key Personnel

15.6. SWOT Analysis

15.6.1. Henkel AG & Co. KGAA

15.6.2. 3M Co.

15.6.3. Dymax Corporation

15.6.4. Saint-Gobain S.A.

15.6.5. Delo Industrial Adhesives LLC

15.6.6. Parson Adhesives India Private Limited

15.6.7. Panacol-Elosol GmbH

15.6.8. DIC Corporation

15.6.9. Master Bond Inc.

15.6.10. Nan Pao Resins Chemical Co Ltd

16. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the major applications for Global Optic Adhesives Market?

Optical Bonding & Assembly, Lens Bonding Cement, and Fiber Optics are the major applications of Global Optic Adhesives Market.

Who are the top players operating in Global Optic Adhesives Market?

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 are some of the key players of Global Optic Adhesives Market.

What are the factors influencing the growth of Optic Adhesives?

Optical devices, fiber cables, and internet services are some of the factors influencing the growth of optic adhesives.

Which region is expected to account for the largest share of Global Optic Adhesives Market?

Asia Pacific region is expected to hold the largest market share over the next five years as manufacturers and consumers of electronic devices such as smartphones, tablets, LED, LCD screens, and automotive industries increase.

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Press Release

Optic Adhesives Market to be Dominated by Aerospace Industry Applicability Through 2028

Apr, 2023

Growing demand from Aerospace Industry is expected to drive the Optic Adhesives market in the forecast period 2024-2028