Optical Adhesives: A Comprehensive Global Market Analysis for 2024

The optical adhesives market size has grown strongly in recent years. It will grow from $2.02 billion in 2023 to $2.22 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to increased incidence of optic atrophy, rise in neurological disorders, patient awareness and education, expansion of healthcare infrastructure, collaboration in neurological care..

The optical adhesives market size is expected to see strong growth in the next few years. It will grow to $3.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to growing aging population, personalized medicine approaches, global initiatives in rare disease management, focus on neuroprotection, patient support and advocacy.. Major trends in the forecast period include personalized treatment approaches, advancements in neuroprotection therapies, focus on regenerative therapies, integration of wearable technologies, collaborations for genetic research, teleophthalmology services..

Market Overview -
Optical adhesives refer to specialty adhesives developed for use in optical systems. These are crucial for assembling optical elements, including prisms and lenses, and essential in bonding display technologies such as LCDs, OLED displays, touchscreens, as well as medical imaging equipment.

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Growth in the Aerospace Sector Fuels The Optical Adhesives Market Growth
The expansion of the aerospace industry is expected to propel the growth of the optical adhesives market going forward. The aerospace industry refers to both public organizations and private companies dedicated to the research, technology, and production of products related to flight. Optical adhesives are used in aerospace applications for bonding lenses, prisms, mirrors, and optical fibers. These adhesives are designed to provide low strain, optical clarity, and low outgassing, which are required in military, aerospace, and fiber optics. For instance, in November 2022, according to the Aerospace Industries Association's 2022 Facts & Figures Data, a US-based Aerospace and defense organization, in 2021, the combined sales revenue for the US Aerospace & Defense (A&D) sector reached $892 billion, marking a 2.1% growth from 2020. Furthermore, exports from the A&D industry increased by 11.2% between 2020 and 2021, amounting to $100.4 billion. Therefore, the expansion of the aerospace industry is driving the growth of the optical adhesives market.

Competitive Landscape -
Major companies operating in the optical adhesives market report are Dow Inc., Saint-Gobain S.A., 3M Company, Henkel AG & Co. KGAA, Shin-Etsu Chemical Co., Ltd., SIKA AG, DIC Corporation, Nitto Denko Corporation, H.B. Fuller Company, Denka Company Limited, Momentive Performance Materials Inc., Lintec Corporation, Tesa SE, Thorlabs Inc., LORD Corporation, Nan Pao Resins Chemical Co. Ltd., Dexerials Corporation, DELO Industrie Klebstoffe GmbH & Co. KGaA , Dymax Corporation, Epotek Inc., Parson Adhesives India Private Limited, Showa Denko Corporation, Panacol-Elosol GmbH, Atom Adhesive LLC, Hernon Manufacturing Inc., Muromachi Chemicals Inc., Permabond Engineering Adhesives Ltd., Master Bond Inc., Norland Products Inc., Mactac LLC

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