Optical Adhesives Market Expected to Achieve 7.6% CAGR by 2029: Growth Forecast Insights

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How Large Will the Optical Adhesives Market Size By 2025?
The optical adhesives market has grown robustly in recent years. It will grow from $2.22 billion in 2024 to $2.4 billion in 2025, at a CAGR of 8.3%. Growth in the historic period was influenced by higher incidence of optic atrophy, neurological disorders, greater patient awareness, healthcare infrastructure expansion, and collaborations in neurological care.

How Big Is the Optical Adhesives Market Size Expected to Grow by 2029?
In the coming years, significant growth is forecasted for the optical adhesives market, with the market expected to rise up to $3.22 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. Factors such as the increase in elderly population, the advent of personalized medicine, global efforts for rare disease management, neuroprotective focus, and patient support and advocacy contribute to the predicted expansion. During the forecast period, prominent trends will include bespoke treatment approaches, advancements in therapies aimed at neuroprotection, regenerative therapy focus, adoption of wearable technologies, collaborative genetic research efforts, and the provision of teleophthalmology services.

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Which Key Market Drivers Powering Optical Adhesives Market Expansion and Growth?
The advancement of the aerospace sector is slated to boost the development of the optical adhesives market. The term aerospace industry encompasses both governmental and private entities committed to the creation, study, and fabrication of flight-related items. Optical adhesives, commonly used in aerospace, serve to bind lenses, prisms, mirrors, and optical fibers. These adhesives are precisely formulated to offer low strain, crystal-clear optics, and minimal outgassing - critical requirements in the military, aerospace, and fiber optic sectors. For instance, the Aerospace Industries Association's 2022 Facts & Figures Data reported in September 2023 that the U.S. Aerospace and Defense (A&D) industry, in 2022, experienced a 6.7% rise in sales revenues, amassing a total of $952 billion as opposed to the previous year. Additionally, in 2022, the U.S. A&D industry broadened its exports to 213 nations, an increase from 205 in 2021. Therefore, the upward trajectory of the aerospace industry is fueling the expansion of the optical adhesives market.

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Which Fast-Growing Trends Are Poised to Disrupt the Optical Adhesives Market?
Leading businesses in the optical adhesives market are emphasizing the production of inventive goods, like top-notch optical bonding epoxy adhesives, to offer advanced and efficient solutions to chip testing and packaging sectors. These top-grade optical bonding epoxy adhesives are specially devised adhesive substances tailored for accurate bonding and clear visualization in applications that require the attachment of optical components, like lenses, displays, touch-screens, and filters. For instance, DeepMaterial Co. Ltd., a leading industrial adhesives corporation headquartered in China, presented two new offerings in May 2023 - underfill epoxy, and single-component epoxy adhesive. These products were engineered to achieve sturdy bonds, furnish surface safeguarding, and satisfy the stringent necessities of the semiconductor and electronics sectors. Underfill epoxy is chiefly developed to avert damages to electronic components caused by mechanical tension, by establishing a robust and enduring bond. This makes it an integral part of the manufacturing process for electronic gadgets including smartphones, laptops, and other handheld devices. They offer a variety of adhesive goods for multiple applications, like electronic adhesives, conductive silver glue, and epoxy underfill adhesive.

What Are the Emerging Segments in the Optical Adhesives Market?
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

Subsegments:
1) By Acrylic: UV-Curable Acrylic Adhesives, Solvent-Based Acrylic Adhesives, Pressure-Sensitive Acrylic Adhesives
2) By Silicone: UV-Curable Silicone Adhesives, Heat-Curable Silicone Adhesives, RTV Silicone Adhesives (Room Temperature Vulcanizing)
3) By Epoxy: Two-Part Epoxy Adhesives, UV-Curable Epoxy Adhesives, Thermally Conductive Epoxy Adhesives
4) By Cyanoacrylate: Fast-Drying Cyanoacrylate Adhesives, UV-Curable Cyanoacrylate Adhesives, Medical-Grade Cyanoacrylate Adhesives
5) By Other Types: Polyurethane Adhesives, Polyvinyl Acetate (PVA) Adhesives, Acrylic-Silicone Hybrid Adhesives, Butyl Rubber Adhesives

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Who Are the Global Leaders in the Optical Adhesives Market?
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

Which are the Top Profitable Regional Markets for the Optical Adhesives Industry?
North America was the largest region in the optical adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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