Optically Clear Resin Market Size

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. In the year 2024, the industry size of optically clear resin is evaluated at USD 102.37 billion. The growth of the market can be attributed to the increasing demand for consumer electronics, such as smartphones and LCD televisions, and growing technological advancements in the adhesive industry. In 2021, the total number of smartphone users in the world were about 6 billion. Also, from 2016-2021, the total number of smartphone users grew at an average rate of 12% annually. Along with these, optically clear film adhesives have excellent adherence to a variety of transparent substrates. As a result, they are extensively used for increasing the electrical and mechanical performance of screens, including their contrast and brightness, which in turn is also expected to drive market growth significantly in the upcoming years. Furthermore, rising usage of the resin in display screens in aircraft cockpits is projected to significantly expand the optically clear resin market in the near future.