The Optic Adhesives Market size was valued at USD 348 million in 2022 and is projected to reach USD 536 million by 2028, growing at a CAGR of 9.0% from 2023 to 2028.
For several purposes, optical adhesives are materials used to glue or cement optical components together or to an optical system. These adhesives are utilized in the production of optical and electronic equipment such as cameras, cell phones, and electronic displays. Depending on the application, optical adhesives can be manufactured from a variety of resins, including epoxy, cyanoacrylate, acrylic, silicone, and others. They safeguard these electronics and aid in achieving maximum optical performance. Adhesives are used in the manufacturing of optical and electronic devices, including cameras, smartphones, and other electronic displays. Some specific applications of optical adhesives include optical bonding and assembly, lens bonding cement, and other applications related to the manufacturing of optical and electronic devices. Additionally, some types of optical adhesives can be used for sealing samples into the wells of a microplate or for bonding glass, metal, and plastic.
The automotive industry utilizes optical adhesives to attach a protective transparent cover screen to the LCD panel beneath it. These adhesives eliminate the presence of an air gap between the two layers, ensuring clear visibility of the screen. They find application in various automotive components such as flip-down television panels and navigation screens. Consequently, as vehicle production continues to rise, there is a corresponding increase in the demand for optical adhesives. Thus, rising demand from the automotive industries is surging the growth rate of the market to an extent.
The challenging application process is a significant drawback of optically clear adhesives like epoxy. These adhesives require well-prepared, uncontaminated, and undamaged surfaces for effective usage. It is crucial to thoroughly clean the surface to maintain the longevity of the optical coating. Additionally, bonding a display panel to a three-dimensional cover glass using optically clear adhesive poses difficulties during the display assembly. As a result, the optically clear adhesive market is expected to face obstacles in its growth during the projected period due to the complexities involved in the application process.
Optic adhesives are an important factor in various industries such as electronics and fiber optics, further supporting the potential for growth and opportunities in the market. Overall, advancements in new technologies, increasing demand in various end-user industries, and the rising need for optical clarity are among the many factors contributing to the potential growth and opportunities in the optic adhesives market.
Impact of covid 19 on the Optic Adhesives Market:
The Optic Adhesives market has been adversely affected by the COVID-19 pandemic. Factors such as a decrease in demand and disruptions in supply chains and shipping have had a notable impact on the industry. However, amidst these challenges, COVID-19 has also created avenues for growth in the market, particularly in the utilization of optic adhesives in medical devices and equipment. Additionally, there has been an increased demand for adhesives and sealants overall due to the pandemic, which could potentially have a positive influence on the optic adhesives market as well. While COVID-19 has brought some negative consequences to the optic adhesives market, it has also presented expansion opportunities and heightened demand in specific sectors.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2022-2028 |
|
Base Year |
2022 |
|
Forecast Period |
2023-2028 |
|
CAGR |
9.0% |
|
Segments Covered |
|
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
|
|
Market Leaders Profiled |
|
Epoxy
Acrylic
Silicone
Cyanoacrylate
The optic adhesives market is predominantly dominated by acrylic resin. Acrylic-based adhesives possess desirable properties such as strong adhesive strength and exceptional clarity, which contribute to their high market share in the optic adhesives market. Moreover, acrylic adhesives have shown remarkable growth in the pressure-sensitive applications segment, demonstrating impressive expansion in recent years. These adhesives exhibit good adhesion to a diverse range of substrates and maintain excellent resistance to yellowing over extended periods.
Fiber optics
Optical Bonding & Assembly
Lens Bonding Cement
The Optic Adhesives Market is categorized based on application into optical bonding and assembly, lens-bonding cement, and fiber optics. Among these segments, the fiber optics segment has exhibited the fastest growth due to the increasing utilization of fiber optics in diverse industries. Fiber optics adhesives are valuable for bonding various materials, including glass, metal, and other commonly used materials in manufacturing processes
The North American region has exerted significant influence over the Optic Adhesives market, primarily driven by the growing demand within the US market. The consumer electronics and automotive industries in the US have played a crucial role in driving the region's growth on a global scale. This trend is expected to continue throughout the forecast period, further solidifying the region's prominent position in the optic adhesives market. Asia Pacific is also expected to show some growth in the optic adhesives market due to growing globalization, industrialization, and urbanization in some countries.
Henkel developed the LOCTITE® STYCAST® OS 5101 dual-cure adhesive specifically for the in-line assembly of optical transceivers in the advanced cloud and hyperscale data centers, ensuring precise alignment of optical lenses and component placement.
Delo Industrial Adhesives LLC introduced innovative alternatives for liquid additive manufacturing, offering new possibilities for industrial adhesive applications.
Frequently Asked Questions
The optic adhesives market was valued at USD 348 million in 2022 and is projected to reach USD 536 million by 2028, growing at a CAGR of 9.0% from 2023 to 2028.
Dymax Corporation, Henkel Ag & Co. KGAA, Lintec Corporation, Nitto Denko Corporation, Dexerials Corporation.
North America dominates the Optic Adhesives market.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region