Optically Clear Adhesives Market Size Growth to Fuel Lucrative Revenues in the Future

According to a report by Allied Market Research, the global market for optically clear adhesives reached $1.6 billion in 2020 and is projected to reach $3.8 billion by 2030, with a compound annual growth rate (CAGR) of 8.8% from 2021 to 2030. The report provides a comprehensive analysis of market size, current and emerging trends, future projections, and key players.

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Factors such as the increasing adoption of consumer electronics, growing demand for optically clear adhesives, and rising sales of smart devices are driving market growth. However, the presence of substitute products poses a challenge to market expansion. Nevertheless, opportunities are anticipated to arise with the development of non-corrosive optically clear adhesives and the introduction of activated covalent bonding technology.

The COVID-19 pandemic had a negative impact on the optically clear adhesives market, particularly due to its reliance on industries such as automotive, electronics, and aerospace, which experienced disruptions in operations. While the demand for optically clear adhesives declined in automotive sectors due to reduced consumer spending, there was an increased demand in healthcare sectors for digital instruments utilizing these adhesives.

The report segments the global optically clear adhesives market based on thickness, device structure, resin type, and region. The flat device structure segment dominated the market in 2020, while the edge-curved segment is expected to witness the fastest growth. Additionally, the 100 - 200μm thickness segment held the largest market share and is projected to maintain dominance, with the fastest growth expected in the 100 - 200μm segment.

Geographically, Asia-Pacific held the highest market share in 2020 and is expected to continue leading, followed by North America and Europe. However, North America is forecasted to exhibit the fastest growth rate.

Key players in the global optically clear adhesives market include Dymax Corporation, Henkel Ag & Co. KGAA, Delo Industrial Adhesives LLC, Nitto Denko Corporation, Dexerials Corporation, Lintec Corporation, The 3M Company, Tesa SE, Showa Denko Corporation, and Dow Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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