Global Optical Clear Adhesive OCA
Market Report
2024
The Global Optical Clear Adhesive (OCA) market estimation is USD 1.8 billion in 2023 and will grow and expand at a compound annual growth rate (CAGR) of 9.2% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Optical Clear Adhesive (OCA) market estimation is USD 1.8 billion in 2023 and will grow and expand at a compound annual growth rate (CAGR) of 9.2% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Optical Clear Adhesive OCA Market Sales Revenue 2023 | $ 1.8 Billion |
Global Optical Clear Adhesive OCA Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.2% |
Market Split by Type |
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Market Split by Application |
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Market Split by Adhesive Thickness |
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Market Split by Substrate Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Optical Clear Adhesive OCA Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The electronics sector is the key end-user in the optically clear adhesive market. The most common application for optically clear adhesive (OCA) is in screen and touchscreen applications. As handheld devices such as televisions, tablets, phones, and laptops shift to touch displays, applications are projected to improve. Optically clear adhesives (OCA) are translucent and unaltered adhesives that allow the full surface area of a screen to be bonded to the device without creating display distortion. The optical clarity of these adhesives is crucial since they are clean and transparent and hence employed in the most critical applications. It boosts the durability, optical characteristics, adhesive strength, dependability, and bonding strength. It links display devices, touch panels, plastic, cover glasses, and other optic materials, such as the main sensor unit, to provide a clean visual appearance.
For instance, according to the Ministry of Electronics and Information Technology's annual report 2020, the Indian electronics manufacturing industry has grown at a compound annual growth rate (CAGR) of 2.3%.
(Source:www.meity.gov.in/writereaddata/files/MeitY_AR_English_2021-22.pdf)
As a result, acrylic optically transparent adhesives are utilized in pressure-sensitive applications like smartphone touch screens, liquid crystal displays (LCDs), and other electronic devices. All of these factors combine to increase demand for optically transparent adhesives, boosting worldwide market growth.
The market is being driven by rising demand for the newest technology-based smart gadgets, smartphones, tablets, smartphones, laptops, display screens of medical equipment, television sets, and LCDs. Several significant participants in the aviation industry, including Airbus, Boeing, and others, are moving towards employing optically transparent adhesive-based ITO films in the windscreens of their various aircraft types, including the Airbus A320, A380, and Boeing 737. It is a critical component that is expected to provide new opportunities in the worldwide optically clear adhesives market.
According to the International Monetary Fund, smartphone sales in 2019 reached over 1.37 million units globally, and mobile devices are owned by more than half of the world's population or more than 5 billion people.
(Source:www.elibrary.imf.org/view/journals/001/2020/070/article-A001-en.xml)
To protect electronics from strong chemicals, damage, and scratches, the optically clear adhesive bonds the transparent layer. It also increases the display module's and device's mechanical, optical, and electrical performance, as well as its viewability, readability, and contrast in both indoor and outdoor devices.
The increased usage of optically clear adhesive for transparent bonding by the electronics device manufacturing sectors, together with rising E-commerce website sales from Flipkart, Amazon, and others, promotes the growth of the OCA market. To stand out in the crowded e-commerce sector, electronic manufacturers may make investments in cutting-edge display technology. OCAs are essential in improving the optical qualities of displays so that they are more appealing to customers. Additionally, the fierce competition in e-commerce drives electronics producers to constantly invent and enhance their goods. These devices' displays' clarity and robustness, as well as their overall quality, are key selling points.
According to the UNCTAD, global e-commerce sales in 2018 reached roughly US$ 25.6 trillion, a 7% increase over 2017, with over 1.4 billion individuals shopping online. Smartphones, tablets, TVs, LED displays, and other consumer devices were acquired. As a result, demand for the OCA used by OEMs to manufacture and package these devices increased.
(Source:unctad.org/news/global-e-commerce-hits-256-trillion-latest-unctad-estimates)
The challenging application technique of optically transparent adhesives such as epoxy is its principal drawback. Optically transparent glue cannot be utilized on unprepared, polluted, or damaged surfaces. The surface must be cleaned to ensure the extended life of the optical coating. Furthermore, in display assembly, connecting a display panel to a three-dimensional cover glass using optically clear glue is problematic. As a result of application challenges, the expansion of the optically clear adhesive market would be restricted during the forecast period.
The worldwide optically clear adhesive market was marginally down during the COVID-19 epidemic when several prominent manufacturing factories were shut down owing to lockdowns in several countries. Automobile and consumer electronics sales fell in the first three months of 2020 as well. As a result of the closure of various institutions, schools, and universities in April 2020, the demand for online classes has risen, hence expanding the OCA market. Furthermore, the OCA market remained stable in August 2020 and is expected to rebound once the epidemic has ended.
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The market for Optical Clear Adhesive (OCA) is a highly dynamic and diversified competitive environment. It includes various suppliers, ranging from large multinational enterprises to smaller specialized organizations. Market participants are also undertaking multiple organic or inorganic strategic approaches to strengthen and expand their Worldwide footprint, with significant market developments including new Substrate portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. Because of automation and technological advancement, businesses compete fiercely to deliver innovative products.
Aug 2020: Henkel Adhesive Technologies, a market leader in high-impact adhesives, sealants, and functional coatings solutions, recently invested in establishing a manufacturing facility for UV-curable acrylic pressure-sensitive adhesives (PSA) in Salisbury, North Carolina, on August 17, 2020. Furthermore, on February 4, 2020, Henkel Adhesives Technology announced an investment of around US$ 59 million (Rs 400 crores) in its new production site in Kurkumbh, near Pune.
July 2019: PANACOL announced the discovery of an optically transparent adhesive, Vitralit 50004, on July 5, 2019. UV-curable acrylic glue has a low viscosity and is used to laminate optics as well as bind different display systems and gadgets. It has a strong adhesion capability and may be used on a variety of substrates, including coated glass and plastics.
(Source:www.adhesivesmag.com/articles/97046-panacol-optically-clear-adhesive)
Top Companies Market Share in Optical Clear Adhesive OCA Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 35% of the global revenue due to several variables. The North American region dominates the market for Optical Clear Adhesive (OCA). The consumer electronics industry in the United States is rapidly expanding, which has raised demand for optically clear adhesives. According to a survey issued by the Consumer Technology Association (CTA), the consumer electronics market in the United States is predicted to reach $461 billion in 2021, with a 4.3% yearly rise. Furthermore, the automotive sector in Canada is expanding rapidly, which may boost the performance of the optically clear adhesives market for bonding displays, touchscreens, and other car applications.
In the Asia-Pacific area, China accounted for the largest proportion of consumer electronics production, followed by India and Japan. According to the India Brand Equity Foundation, the Indian appliance and consumer electronics (ACE) market is expected to more than double to around by 2025, owing to rising consumer spending and a surge in internet penetration in this region, which boosts sales and, ultimately, the OCA market. Similarly, North America is developing quicker than Europe due to the existence of modern technology gadget usage and the increased release of smart and wearable devices in this area.
The current report Scope analyzes Optical Clear Adhesive OCA Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Optical Clear Adhesive OCA Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Optical Clear Adhesive OCA Industry growth. Optical Clear Adhesive OCA market has been segmented with the help of its Type, Application Adhesive Thickness, and others. Optical Clear Adhesive OCA market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the acrylic resin type generated the most revenue and is expected to expand at an 8.9% CAGR throughout the projected period. Acrylic resin-based optically transparent adhesives are among the most powerful bonds on the market today. This is mostly owing to its higher cohesion and adhesive properties, which make it ideal for pressure-sensitive applications. Aside from that, acrylic optically clear adhesives are preferred for their outstanding transparency and durability in high-quality display applications.
Similarly, the polyvinyl acetate segment is expanding due to increased consumer expenditure in emerging nations. It increased the need for optically clear adhesives for bonding and giving transparent lamination to electronic equipment.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Optical Clear Adhesive OCA Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the mobile phone application generated the most revenue and is expected to rise at a CAGR of 9.9% throughout the projection period. Mobile phones benefit from optically clear adhesives in terms of optical, mechanical, and electrical performance. It is employed in the bonding of panels, touch screen sensors, and other elements for all OLED and AMOLED mobile phone displays.
Monitors are expected to be the quickest-growing devices. Optically transparent adhesives provide a number of important properties, including great bonding strength, thermal and chemical durability, improved gap filling, and other properties that make them useful for electronics and electrical devices. As a result, optically transparent adhesives are used in a variety of gadgets, including mobile phones, tablets, displays, digital kiosks, smart watches, and others.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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The worldwide optically clear adhesive market is segmented into less than 1MM, 1-2 MM, 2-3 MM, 3-4 MM, 4-5 MM, and others. The 2-3 MM sector has the biggest market share in 2019, owing to increased demand for packaging for end-user industries such as consumer electronics such as mobile phones, tablets, and so on.
According to Cognitive Market Research, similarly, the 1MM, category is developing at a quicker rate due to rising demand for UV-resistant curable, touch panel bonding to cover lens and display bonding to cover lens and touch panels.
According to Cognitive Market Research, the Glass and ITO Glass category has the biggest share in 2022, owing to increased demand from consumer electronics makers. It is utilized as a transparent adhesive in smartphones, tablets, laptops, LEDs, and televisions, among other things. The demand for these consumer gadgets has expanded significantly, propelling this segmental expansion.
PET is a form of plastic polymer that is frequently utilised in the production of films and substrates. PET is a well-liked material for applications where optical clarity is crucial because of its transparency, durability, and strength. Films made of PET are frequently employed as substrates in the context of electrical displays.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Optical Clear Adhesive OCA Market is witnessing significant growth in the near future.
In 2023, the Acrylics segment accounted for noticeable share of global Optical Clear Adhesive OCA Market and is projected to experience significant growth in the near future.
The Mobile Phones segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Henkel Adhesives Technologies India Private Limited (Germany) , Tesa Tapes (India) Private Limited (India) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The electronics sector is the key end user in the optically clear adhesive market The most common application for optically clear adhesive OCA is in screen and touchscreen applications
Disclaimer:
Type | Acrylics, Polyvinyl Acetate, Silicone, Polyurethane, Epoxy, Others |
Application | Mobile Phones, Tablets, Monitors, Television, Outdoor Signage, Automotive, Wearable Devices, Electronic Blackboards, OLED, Others |
Adhesive Thickness | Less Than 1MM, 1-2 MM, 2-3 MM, 3-4 MM, 4-5 MM, Others |
Substrate Industry | Metal, Glass, ITO Glass, Polyethylene Terephthalate (PET), Polymethyl Methacrylate (PMMA), Poly Carbonate (PC), Others |
List of Competitors | Henkel Adhesives Technologies India Private Limited (Germany), 3M (U.S.), Tesa Tapes (India) Private Limited (India), Dow (U.S.), NITTO DENKO CORPORATION. (Japan), LINTEC Corporation (Japan), SAINT-GOBAIN (France), Dymax (U.S.), Hitachi, Ltd. (Japan), DELO Industrie Klebstoffe GmbH & Co. KGaA (Germany), DuPont (U.S.), Cyberbond. (U.S.), TORAY INDUSTRIES, INC. (Japan), Scapa Group Ltd (U.S.), Master Bond Inc. (U.S.), Adhesives Research Inc. (U.S.), Norland Products (U.S.) |
This chapter will help you gain GLOBAL Market Analysis of Optical Clear Adhesive OCA. Further deep in this chapter, you will be able to review Global Optical Clear Adhesive OCA Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Optical Clear Adhesive OCA Market Trends North America Optical Clear Adhesive OCA Technological Road Map North America Optical Clear Adhesive OCA Market Drivers North America Optical Clear Adhesive OCA Market Restraints North America Optical Clear Adhesive OCA Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Adhesive Thickness Analysis 2019 -2031
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Chapter 13 Market Split by Substrate Industry Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Optical Clear Adhesive OCA market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Acrylics have a significant impact on Optical Clear Adhesive OCA market? |
What are the key factors affecting the Acrylics and Polyvinyl Acetate of Optical Clear Adhesive OCA Market? |
What is the CAGR/Growth Rate of Mobile Phones during the forecast period? |
By type, which segment accounted for largest share of the global Optical Clear Adhesive OCA Market? |
Which region is expected to dominate the global Optical Clear Adhesive OCA Market within the forecast period? |
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