Optically Clear Adhesive Market - Trend of Digital Outdoor Signage Is Expected To Positively Impact for Growth and Demand

Optically transparent adhesives have excellent optical and material properties for special applications and are used for display purposes only. Therefore, in this digital era, the optical transparent adhesive market is developing at a considerable pace.

The market for optically clear adhesives is expected to reach $ 2,391.43 million by 2025 and is expected to grow at an annual average rate of 8.6% from 2018 to 2025. Asia-Pacific markets accounted for nearly half of the world's market share due to the presence of dynamic consumer electronic economy, the largest electronics industry, such as Taiwan, and Japan.

The optical adhesive market has seen remarkable growth in recent years due to the introduction of advanced displays. These adhesives are used to bind optical components together or to an optical system. The optical adhesives segment accounted for a small percentage of the overall adhesives market, which grew rapidly due to changes in the electronics market. Depending on the type of resin, acrylic adhesives are preferred over other adhesives due to their optical performance, ultraviolet transmittance and strong adhesion to other substrates. Following acrylic adhesives, silicone adhesives are widely adopted due to their versatile physical properties such as high flexibility and improved temperature cycle resistance.

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The major key players operating in the global optically clear adhesives market include
• Henkel AG & Company
• The 3M Company
• Tesa SE
• Dow Corning
• Nitto Denko Corporation
• Lintec Corporation
• Saint-Gobain SA
• Dymax Corporation
• Hitachi Chemical
• Delo Industrial Adhesives LLC.

Based on application, the outdoor digital signage segment garners major attention of market players, due to its cost-effective nature. Marketers and modern entrepreneurs who focus on the use of digital outdoor signage digital boards for outdoor promotional and marketing campaigns, which has considerably fueled the demand for optical adhesives.

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Asia-Pacific emerged as the global leader in the global optically clear adhesive market, owing to several factors such as presence of the developing economies, such as China and India, emergence Taiwan as a dynamic consumer electronic economy, and surge in adoption of consumer electronic goods in the region. China contributes almost half of the regional shares by producing and consuming half of the smart phones, tablets, and automotive & LCD screens.

Key Findings of the Optically Clear Adhesive Market:
• On the basis of resin type, the acrylic segment accounted for 28.52% global market share, in terms of value.
• Based on application, the mobile phone segment dominated the global market with 25.5% global market share in 2017 in terms of value.
• The Asia-Pacific region emerged as global leader with 45% global market share in in 2017, whereas North America is anticipated to grow with highest CAGR of 11.3% during the forecast period.

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