Display Bonding Adhesive Market Trends

Growth Drivers

• Rising Popularity of Adhesives in the Automotive Sector - Adhesives help the transportation sector to boost security and energy efficiency. Heat shields, air filters, and other pieces can be attached to the engine block or other metal parts using adhesives, which leads to weight reduction, and increases vehicle rigidity. Moreover, nowadays, touchscreens are a standard component in many cars, which necessitates the use of high-performance optical bonding since it enables delicate touchscreen features that provide interior systems more control, and provide optical clarity and minimize reflection for enhanced visibility in automotive displays.
• Increasing Pharmaceutical Industry - In the healthcare sector, displays are now an essential component of active smart and intelligent packaging, which incorporates the use of sensors, tracking, and ePaper technologies to provide various functionalities. These technologies often require the need of display bonding adhesives to attach the display components to the smart packaging. According to estimates, the global pharmaceuticals market is anticipated to increase by over 5% by 2027, with a market value of more than USD 1430.
• Growing Demand for Wearable Technology- Wearable device components, including sensors, batteries, screens, and straps, are bonded together using a high-performance adhesive as it offers strong structural integrity, excellent performance in drops, shocks, and impacts, thermal stability, and moisture resistance.
• Rising Need for the Product from the Furniture Sector- The furniture sector focuses on innovation to meet the market trends, as a result, the demand for smart furniture is increasing. To integrate displays into smart furniture companies in the area are widely using display bonding adhesives to ensure stability and increase functionality.

Challenges

• Exorbitant Cost of Raw Materials - The high cost of raw materials required for the production of display bonding adhesives is one of the major factors predicted to slow down the market growth. Various raw materials such as resins, and fillers, are used in the production of bonding adhesives since they require specialized formulations. The cost of these raw materials keeps fluctuating which makes it difficult for the producer to acquire the raw materials and makes them switch to alternate options.
• Growing Advancements in Conventional Technologies Leading to Higher Adoption of Alternative Bonding Methods
• Stringent Regulatory Requirements Can Result in Higher Costs of Production