News

Optically clear adhesive market to grow by 8.6 percent

February 27, 2019

The optically clear adhesive market will grow at a compound annual growth rate of 8.6 percent from 2018 to 2025, according to a report by Allied Market Research. The report predicts the market will also reach $2.39 billion by 2025, due to growing demand from consumers and digital signage end users.

The acrylic segment of the industry will hold the largest market share in the space, but the silicone segment will experience a CAGR of 10.7 percent. Optically clear adhesives will see a CAGR of 11.9 percent in the automotive industry, due to the increasing availability of displays for driver assistance.

North America will have the best CAGR of 11.3 percent during the forecasted period, according to the report.