Optically Clear Resin Market Share

Regionally, the global optically clear resin market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific industry is set to dominate majority revenue share by 2036, impelled by growing demand for electronic items, and rising sales of electric vehicles in the region. About 1.3 million battery electric vehicles were sold in the Asia Pacific in 2020, up from 1 million and 0.95 million units of BEVs in the years 2019 and 2018 respectively. In addition, strong presence of prominent market players is also expected to fuel the market growth in the region in the coming years. Moreover, the optically clear resin market in North America is projected to witness noteworthy growth during the forecast period ascribing to the increasing demand for high performance adhesives from the automotive sector, and rising R&D investments in the aerospace industry in the region.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of optically clear resin is evaluated at USD 102.37 billion.

Optically Clear Resin Market size was valued at USD 98.36 billion in 2023 and is expected to exceed USD 187.78 billion by 2036, expanding at over 5.1% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by increasing demand for consumer electronics across the globally, and growing technological advancements in the adhesive industry.

Asia Pacific industry is set to dominate majority revenue share by 2036, impelled by growing demand for electronic items, and rising sales of electric vehicles in the region.

The major players in the market are 3M Company, Henkel AG & Co. KGaA, Tesa SE, Dow Silicones Corporation, Nitto Denko Corporation, and others.

Optically Clear Resin Market Share