Display Bonding Adhesive Market Size

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.