Optically Clear Adhesives Market Anticipated Growth, Emerging Trends and Key Challenges

According to a recent report published by Allied Market Research, the global optically clear adhesives (OCA) market was valued at $1.6 billion in 2020 and is projected to reach $3.8 billion by 2030, growing at a CAGR of 8.8% from 2021 to 2030. The report offers a comprehensive analysis of market trends, growth drivers, challenges, and key players.

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Market Drivers & Opportunities:

- Surging demand for consumer electronics and smart devices is significantly boosting market growth.

- Rising adoption of OCAs in display technologies and touch panels further fuels expansion.

- Development of non-corrosive adhesives and advancements like activated covalent bonding offer lucrative growth opportunities.

However, the market faces challenges due to the availability of substitute products, which may hinder growth to some extent.

Segment Insights:-

By Device Structure:

- Flat devices dominated in 2020, accounting for nearly 80% of the market share and are expected to maintain this lead.

- The edge-curved segment is anticipated to grow the fastest with a CAGR of 9.3% during the forecast period.

By Thickness:

- The 100-200 μm segment led the market in 2020 and is projected to exhibit the highest CAGR of 9.0% through 2030.

- Other thickness categories include 200-300 μm, 300-400 μm, and 400 μm & above.

By Region:

- Asia-Pacific held the largest share in 2020, driven by robust electronics manufacturing, followed by North America and Europe.

- North America is projected to register the highest growth rate at 11.5% CAGR from 2021 to 2030.

Key Market Players

- 3M Company
- Henkel AG & Co. KGaA
- Dow Inc.
- Dymax Corporation
- Nitto Denko Corporation
- Delo Industrial Adhesives LLC
- Dexerials Corporation
- Lintec Corporation
- Tesa SE
- Showa Denko Corporation

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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.

This release was published on openPR.