MarketStudyReport.com adds “Global Electronics Adhesives Market – Growth, Trends, and Forecasts (2015-2020)” new report to its research database.
The Global Electronics Adhesives Market was valued at USD 3.40 billion in 2015 and is projected to reach USD XX.XX billion by 2020, at a CAGR of 9.30% during the forecast period from 2015 to 2020. Adhesives have been replacing the application of soldering in electronics. Additionally, the development of new kind of adhesives with higher thermal and electrical conducting properties is increasing the applications of adhesives in electronics. Furthermore, the use of adhesives instead of soldering is considered environment-friendly. These are mainly used for fabrication and assembling of the electronic devices. They are also used in potting and formal coatings. Applying adhesives protect electronic & circuit assembly components from corrosion, dust, shock & vibration, environmental, and physical damage.
The global electronics adhesives market has bee Segmented on the basis of material type into acrylics, epoxies, polyurethanes, silicones, and others. On the basis of product type, the market has bee Segmented into electrically conductive adhesives, thermally conductive adhesives, UV curing adhesives, and others. On the basis of application, the market has bee Segmented into surface mounting, conformal coatings, wire tracking, potting, and encapsulation. On the basis of geography, the market has bee Segmented into Asia-Pacific (China, India, Japan, South Korea, Rest of APAC), North America (United States, Canada, Mexico, Rest of North America), Europe (Germany, United Kingdom, Italy, France, Rest of Europe), and the Rest of the World (Brazil, others).
The UV-curing adhesives are expected to experience the fastest growth in the coming years. However, electrically conductive and thermal conductive adhesives are the leaders and act as an alternative to tin-lead solders. Acrylic adhesives are expected to witness the fastest growth in the global electronics adhesives market, owing to their excellent bonding abilities and resistance to sunlight, water, and temperature fluctuations.
Electronics adhesives are used in fabrications of hard disks, printed-circuit-boards, cellular phones, and computer assembly. They are used in electronics to reduce their size, reduce their weight, and increase the transparency of the products. This market is driven by a number of factors, such as the increasing demand from the automotive industry, growing technological dominance, and growing demand from developing countries. However, this market faces certain drawbacks, such as volatility in raw material prices, and globalization and growing operating costs. These factors may act as a roadblock to the growth of this market.
In terms of consumption in 2014, the Asia-Pacific region led the market with a share of 38.23%. It was followed by Europe and North America. With the improvement in the financial status of the consumers, the purchasing power of the middle class consumers has increased, which, in turn, is accelerating the demand for electronics in the Asia-Pacific region, and is making the region an area of immense potential and opportunities. However, the dearth of stringent norms regarding VOC emission from electronic adhesives in the developing countries in this region has considerably hindered the growth of this market.
The longstanding trend toward miniaturization of electronics components has resulted in more use of adhesives for fastening. In addition, as the use of electronics grows in the automotive sector, the demand for adhesives in automotive electronics is also growing. Furthermore, the growing demand and penetration of electric vehicles will offer numerous opportunities in the growth of this market.
Some of the major companies dominating this market for its products, services, and continuous product developments are 3M, Arkema Group (Bostik SA), Avery Denison Corp., H.B. Fuller Co., Jowat AG, Henkel AG &Co. KGaA, Master Bond, Super Glue Corp., Sika AG, and Mapei Spa.
Key Deliverables in the Study:
- Market Analysis or the Global Electronics Adhesives Market, with region specific assessments and competition Analysis n global and regional scales definition along with the identification of
- key drivers and restraints
- Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
- Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and Analysis of the macro and micro factors that affect the global Electronics
- Adhesives market on both global and regional scales
- A comprehensive list of key market players along with the Analysis of their current strategic interests and key financial information
- A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
- Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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