Display Bonding Adhesive Market size is poised to reach USD 9 Billion by the end of 2036, growing at a CAGR of 9% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of display bonding adhesive was USD 4 Billion. The reason behind the growth is impelled by the growing demand for smartphones across the globe driven by factors including convenience, the capacity of applications to enable more beneficial tasks, enhanced user-friendliness, reduced product costs, improved handset design and functionality, rising disposable incomes, more affordable internet, and the necessity of always being connected.
For instance, Globally, there are more than 6 billion smartphones, and over the past five years, there has been around 4% annual growth in the number of smartphone users worldwide.
The growing advancement in display technologies is believed to fuel the market growth. For instance, Tokyo Tech researchers have developed an OLED that produces blue light at a record-low voltage of 1.47 V which is essential for large-screen displays, smartphone screens, and light-emitting gadgets and is said to lead to prospective developments for large-screen displays and commercial smartphones.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~9% |
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Base Year Market Size (2023) |
~ USD 4 Billion |
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Forecast Year Market Size (2036) |
~ USD 9 Billion |
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Regional Scope |
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Type (Optically Clear Adhesive, Liquid Optical Clear Adhesive)
The optically clear adhesive segment in the display bonding adhesive market is estimated to hold 55% of the revenue share in the coming years owing to the growing integration of touchscreen. With the advancement of technology, touch screens are widely integrated into modern displays. Optical clear adhesives (OCAs) or "display adhesives" are made specifically to join display components together and provide enormous adhesion properties between the display panel and the touch sensor. For every LCD and OLED that needs a GG or OGS touchscreen, optical bonding is the process of laminating, where a layer of resin is applied between the glass to ensure seamless integration and optimal touch sensitivity.
Additionally, the Liquid-based bonding technique, known as liquid optically-clear adhesive (LOCA), is utilized owing to its strong overall performance and high degree of impact resistance and is used for many display screens, touch panels, and other lens bonding applications to offer strong bond holds.
Application (LCD Displays, Touch Screens, Aerospace Displays, Medical Displays, Industrial Displays)
Display bonding adhesive market from the LCD displays segment is set to garner a notable share shortly. owing to the increasing need for adhesives in LCDs. In the creation of liquid-crystal displays, adhesives are used as a key component to improve the optical and durability properties. Display bonding adhesives are used as an interface between the layers of the LCD monitor display which helps in improving the impact resistance and screen clarity. As a base material for display optical performance, these adhesives have been employed to maximize the amount of light that reaches liquid crystal displays (LCDs) and their ability to display accurate color, and brightness, and withstand vibrations. Besides this, they also decrease the chance of display failure making them reliable across various applications.
Our in-depth analysis of the global display bonding adhesive market includes the following segments:
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Type |
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Application |
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North American Market Forecast
Display bonding adhesive market in North America is predicted to account for the largest share of 40% by 2036 impelled by rising urbanization. It is expected that rapid urbanization will generate a huge demand for adhesives since urbanization and the development of infrastructure go in tandem. Offices, Restaurants, and other commercial buildings often require display panels for informative purposes which may raise the demand for display bonding adhesives to securely attach the display panels. For instance, the percentage of Americans who live in cities is predicted to be over 82%, up from 64% in 1950, and by 2050 more than 85% of Americans worldwide are expected to live in cities.
APAC Market Statistics
The Asia Pacific display bonding adhesive market is estimated to be the second largest, during the forecast timeframe led by the growing production of electronics. China is the world's largest center for electronics manufacturing and is a notable leader in the outsourcing of electronics manufacturing. Moreover, with an annual growth rate of more than 15%, electronics has become the largest industry in China. Additionally, the world's most smartphones are sold and produced in the Asia-Pacific area since countries including Japan and South Korea are switching from feature phones to smartphones. This as a result may raise the demand for display bonding adhesive in the region.
Author Credits: Smruti Ranjan, Rajrani Baghel
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