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Global Optically Clear Adhesive Market Trends and Forecast 2023-2029, report discovers comprehensive insights on key manufacturers with share information, market size and projection, key dynamics, growth factors, and new company profiles. The report provides detailed information about the market overview, prevalent trends, demand, and recent developments impacting the market growth in the coming years. Optically Clear Adhesive Market opportunities analysis, strategic growth analysis, product launches, marketplace expanding, and technological innovations are also highlighted. The report uncovers Optically Clear Adhesive market size, potential growth, trends and expansion strategies followed by top prominent players.
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Optically Clear Adhesive Market Analysis and Size
The primary end-user in the optically clear adhesive market is the electronics industry. Optically clear adhesive (OCA) is primarily used in display and touchscreen applications. Applications are expected to improve as mobile devices, televisions, tablets, phones, and laptops transition to touch screens.
Data Bridge Market Research analyses that the optically clear adhesive market was growing at a value of 2.07 billion in 2021 and is expected to reach the value of USD 4.74 billion by 2029, at a CAGR of 10.9% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Type
Adhesive Thickness
Substrate
Application
Market Definition
Optically clear adhesives (OCA) are transparent and uncolored adhesives that allow the bonding of a screen’s entire surface area to the device without causing display distortion. These adhesives’ optical clarity is important because they are clean and transparent and thus used in the most critical applications. It improves durability, optical properties, adhesive strength, reliability, and bonding strength. It connects display devices, touch panels, plastic, cover lenses, and other optical materials, such as the primary sensor unit, to provide a clear visual appearance.
Some of the major players operating in the Optically Clear Adhesive market are
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The report provides insights on the following pointers:
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Global Optically Clear Adhesive Market Dynamics
Drivers
Rising demand for the latest technology-based smart devices, smartphones, tablets, smartphones, computers, display screens of medical devices, television sets, and LCD screens is driving the market. According to the International Monetary Fund, smartphone sales in 2019 reached around 1.37 million units globally, and more than half of the world’s population, or more than 5 billion people, own mobile devices. The optically clear adhesive binds the transparent layer in devices to protect them from harsh chemicals, damage, and scratches. It also improves the mechanical, optical, and electrical performance of the display module and device, as well as its viewability, readability, and contrast in both indoor and outdoor devices.
The growing adoption of optically clear adhesive by the electronics device manufacturing industries for transparent bonding, combined with growing E-commerce website sales from Flipkart, Amazon, and others, drives the growth of the OCA market. According to the UNCTAD, in 2018, global e-commerce sales reached around US$ 25.6 trillion, up 7% from 2017, and over 1.4 billion people shopped online. Consumer electronics such as smartphones, tablets, televisions, LED screens, and so on were purchased. It resulted in a surge in demand for the OCA used by OEMs to manufacture and package these devices.
Opportunities
The increasing global adoption of advanced technology devices, as several leading players launch novel electronic devices with significantly increased investment for producing newly developed products, may create a massive opportunity for the growth of the OCA market. For instance, on September 11th, 2018. Samsung has designed the world’s first Optically Clear Adhesives for its foldable smartphones and panels.
Restraints
The main disadvantage of optically clear adhesives such as epoxy is the difficult application process. Unprepared, contaminated, or damaged surfaces cannot be used with optically clear adhesive. To ensure the long life of the optical coating, the surface must be cleaned. Furthermore, bonding a display panel to a three-dimensional cover glass using optically clear adhesive is difficult in display assembly. Thus, the growth of the optically clear adhesive market will be hampered during the forecast period due to difficulties in the application process.
Recent Developments
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Table of Content of Optically Clear Adhesive Market:
1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Optically Clear Adhesive market (2022-2029).
2: Exclusive Summary – the basic information of the Global Optically Clear Adhesive Market.
3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Optically Clear Adhesive; Post COVID Analysis.
4: Presenting the Global Optically Clear Adhesive Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
5: Displaying the by Type, End User and Region/Country 2017-2022.
6: Evaluating the leading manufacturers of the Global Optically Clear Adhesive Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.
7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2029).
… To be continued
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