Optical Adhesives Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast | Dow Inc., Saint-Gobain S.A., 3M Company, Henkel AG & Co. KGAA, Shin-Etsu Chemical Co., Ltd

"The new report published by The Business Research Company, titled ""Optical Adhesives Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

Innovative High-Quality Optical Bonding Epoxy Adhesives Enhancing Optical Performance in the Chip Testing and Packaging Industry
Major companies operating in the optical adhesives market are focusing on innovative products such as high-quality optical bonding epoxy adhesives to provide innovative and high-performance solutions for the chip testing and packaging industry. High-quality optical bonding epoxy adhesives are specialized adhesive materials formulated for precision bonding and optical clarity in applications where the adhesion of optical components, such as lenses, displays, touchscreens, and filters. For instance, in May 2023, DeepMaterial Co. Ltd., a China-based industrial adhesives company, introduced two new products, underfill epoxy and one-component epoxy adhesive, which are designed to create strong bonds, provide surface protection, and meet the demanding requirements of semiconductor and electronics applications. Underfill epoxy is designed to protect electronic components from damage caused by mechanical stress by creating a strong and durable bond, making it essential in the manufacturing of electronic devices such as smartphones, laptops, and other portable devices. It offers a range of adhesive products for various applications, including electronic adhesives, conductive silver glue, and epoxy underfill adhesive.

The optical adhesives market covered in this report is segmented -

1) By Type: Acrylic, Silicone, Epoxy, Cyanoacrylate, Other Types
2) By Application: Optical Bonding And Assembly, Lens Bonding Cement, Fiber Optics, Other Applications
3) By End-Use: Electrical And Electronics, Automotive, Aerospace, Other End-Uses

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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

Contents of the report:
1. Executive Summary
2. Optical Adhesives Market Report Structure
3. Optical Adhesives Market Trends And Strategies
4. Optical Adhesives Market - Macro Economic Scenario
5. Optical Adhesives Market Size And Growth
…..
27. Optical Adhesives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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