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Optic Adhesives Market worth $679.16 million by 2030, growing at a CAGR of 9.66% - Exclusive Report by 360iResearch
Optic Adhesives Market | 360iResearch
The Global Optic Adhesives Market to grow from USD 355.97 million in 2023 to USD 679.16 million by 2030, at a CAGR of 9.66%.
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Optic adhesives are used to bond or cement optical components together or to an optical system for several optical applications. Optic adhesives are light-transmitting and are suitable for use in the optical path used across various electronic devices. The optically clear adhesive binds the transparent layer in devices to protect them from harsh chemicals, damage, and scratches. The increased spending on automated home products and smart electronic devices and increasing the use of optic adhesives. Optic adhesives are used to connect display devices, touch panels, plastic, cover lenses, and other optical materials, such as the primary sensor unit, to provide a clear visual appearance. This increased utilization of smart devices and the rising digital signage deployment in public places are boosting the demand for optically clear adhesives to improve their durability, optical properties, adhesive strength, reliability, and bonding strength. However, obstacles such as toxicity associated with these adhesives and raw materials supply issues can hamper the use of optic adhesives. Technological advancements leading to new product offerings and the development of smart sensors & fiber optic-based military weapon systems are expected to accelerate the use of optic adhesives in the near future.
Optic adhesives are proliferating with the exponential growth of the semiconductor manufacturing industry, and the rising adoption of smartphones and electronic devices by the populations in the Americas, Europe, and Asia-Pacific region. The GSMA estimated that smartphone connections are projected to increase by 84% globally by 2025, which can significantly increase the use of optic adhesives during the manufacturing of electronic devices and smartphones. The optically clear adhesive dominates the Asia-Pacific region due to rising investments in expanding semiconductor production, particularly in India, China, Japan, and South Korea. For instance, in September 2022, the Indian government planned to invest USD 25 billion to increase support for new semiconductor and display facilities which can accelerate the use of optic adhesives in the region. Introducing new technologies such as light-curing optically clear adhesives, nano-engineered optically clear adhesives, and smart optically clear adhesives are expected to improve the performance of optical components and produce smaller and lighter optical systems in developed and emerging economies.
Market Segmentation & Coverage:
This research report categorizes the Optic Adhesives Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material, market is studied across Acrylic, Epoxy, Polyurethane, Polyvinyl Acetate, and Silicone. The Epoxy is projected to witness significant market share during forecast period.
Based on Surface, market is studied across Curved, Edge, and Flat. The Curved is projected to witness significant market share during forecast period.
Based on Thickness, market is studied across 100-200 μm, 200-300 μm, 300-400 μm, 400 μm & above, and Less than 100 μm. The 300-400 μm is projected to witness significant market share during forecast period.
Based on Application, market is studied across Fibre-Optic Assembly, Lens & prism bonding, and Optical Element Positioning & fixturing. The Optical Element Positioning & fixturing is projected to witness significant market share during forecast period.
Based on End-user Industries, market is studied across Automotive, Consumer Electronics, and Digital Signage. The Automotive is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Optic Adhesives Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Optic Adhesives Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Optic Adhesives Market, highlighting leading vendors and their innovative profiles. These include 3M Company, ADHESIVE DISPENSING LTD., Adhesives Research, Inc., AMS Technologies AG, Astech-Optics, Atom Adhesives, Aura Optical Systems, L.P., AusOptic International Pty Ltd., Blue Helix, Cattie Adhesives, Comar Optics Ltd., DeepMaterial, DELO Industrie Klebstoffe GmbH & Co. KGaA, Denka Company Limited, Dic Corporation, DuPont de Nemours, Inc., Dymax Corporation, Edmund Optics Inc., Edmund Optics India Private Limited, Electronic Coating Technologies, Inc., Ellsworth Adhesives, EpoxySet, Inc., Excel Scientific, Fiber Optic Center, Inc., Henkel Corporation, Hitachi Media Electronics Co., Ltd., Intercol, INTERTRONICS, LINTEC Corporation, Master Bond Inc., Merck KGaA, Meridian Adhesives Group, Miracletouch Technology Inc., Momentive Performance Materials Inc., Nan Pao Resins Co., Ltd., NextGen Adhesives, Panacol-Elosol GmbH, Parson Adhesives India Private Limited, Resintech Limited, Tesa SE, The Dow Chemical Company, Thermo Fisher Scientific Inc., Thorlabs, Inc., Threebond International, Inc., and Vitrochem Technology Pte Ltd.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Optic Adhesives Market, by Material
7. Optic Adhesives Market, by Surface
8. Optic Adhesives Market, by Thickness
9. Optic Adhesives Market, by Application
10. Optic Adhesives Market, by End-user Industries
11. Americas Optic Adhesives Market
12. Asia-Pacific Optic Adhesives Market
13. Europe, Middle East & Africa Optic Adhesives Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Optic Adhesives Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Optic Adhesives Market?
3. What is the competitive strategic window for opportunities in the Optic Adhesives Market?
4. What are the technology trends and regulatory frameworks in the Optic Adhesives Market?
5. What is the market share of the leading vendors in the Optic Adhesives Market?
6. What modes and strategic moves are considered suitable for entering the Optic Adhesives Market?
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