Display Bonding Adhesive Market - Regional Analysis
North American Market Insights
Display bonding adhesive market in North America is predicted to account for the largest share of 40% by 2035 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 Insights
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.
