Global Optically Clear Adhesives Market: Introduction

Optically clear adhesives (OCAs) is a liquid-based bonding technology used in touch panels and display devices to bind the cover lens, plastic, or other optical materials to the main sensor unit or to each other. They possess remarkable optical properties such as high transmittance and low loss fraction, which make them suitable for use in displays and touchscreens of almost all handheld devices. They help in improving the contrast ratio of displays and in fabricating thinner designs. Optically clear adhesives (OCAs) can bond different types of surfaces such as polyethylene terephthalate (PET), polymethyl methacrylate (PMMA), indium tin oxide (ITOs), and glass. Optically clear adhesives (OCAs) that are acid-free are particularly compatible with ITOs used in touchscreens of devices. Optically Clear Adhesives provide a clear visual appearance by eliminating bubbles and dirt between layers. Displays, touch panels, and touch screens of electronic devices are the leading applications of Optically clear adhesives (OCAs). Other areas wherein Optically clear adhesives (OCAs) are used are aeronautics & astronautics, medical devices, and other devices involving screens.

Optically Clear Adhesives Market: Overview

Major types of optically clear adhesives are acrylics, polyurethanes, polyvinyl acetate, silicone, and epoxy resins. Optically clear adhesives possess characteristics such as dimensional stability, low shrinkage, and whitening resistance. They exhibit a wide range of refractive indices required for better optical clarity.  Due to these characteristics, Optically clear adhesives (OCAs) are commonly used in displays of smartphones, tablets, computers, television sets with touch screens, display screens of medical devices, OLED infotainment displays in cars, and other OLED devices.

Optically Clear Adhesives Market: Trends & Developments

Optically clear adhesives (OCAs) are available in the market largely in the form of double-sided tapes or sheets. Optically clear adhesives are also available in the form of liquid solutions known as liquid optically clear adhesives (LOCAs). They are employed in bonding non-flat surfaces requiring optical clarity. Bonding solutions with LOCAs are gaining popularity due to re-positioning properties of LOCAs. This property is not exhibited by OCA tapes. Moreover, LOCAs have better gap filling properties compared to OCA tapes. LOCAs have several manufacturing advantages over OCA tapes, for example, the assembly process for LOCAs can be fully automated; while that for OCA tapes can only be semi-automated. In the next few years, LOCAs are expected to replace OCA tapes in a variety of applications.  

Optically Clear Adhesives Market: Regional Outlook

Strong growth of the electronics industry in China, Taiwan, Japan, and South Korea has led to the Asia Pacific region witnessing the maximum demand for optically clear adhesives. India is also witnessing remarkable rise in electronics manufacturing. Thus, the demand in Asia Pacific is likely to increase at a more rapid rate compared to other regions during the forecast period. North America is estimated to be the second-largest market for OCAs from 2018 to 2026. Middle East & Africa is expected to have a lower contribution to the global Optically clear adhesives market demand.

Optically Clear Adhesives Market: Key Players

Some of the key players operating in the global optically clear adhesives market are: 3M (the U.S.), Henkel (Germany), HB Fuller (the U.S.), LG Chem (South Korea), Tesa (Germany), Dymax Corporation (the U.S.), Norland Products (the U.S.), Masterbond (the U.S.), Delo Industrial Adhesives Ltd. (Germany), and Nitto (Japan). 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Optically Clear Adhesives Market

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