Global Electronic Adhesives Market was valued at US$ 4.5 Bn in 2019, and is expected to reach US$ 11.1 Bn by 2027, at a CAGR of 11.8 % during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding electronic adhesives market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in electronic adhesives market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The electronic adhesives market is anticipated to expand due to the rise in demand for compact and lighter components in the electronic industry. The use of adhesives in electronic industry is now extensive and they contribute directly not only to manufacture of electronics product but also to their long term operation and longevity. Major use of adhesives in electronics industry include boding of surface-mount components (SMCs), wire tracking and potting or encapsulating components.
The growing demand for electronics adhesives, the availability of an established customer base and state-of-the-art manufacturing facilities, the increased production of consumer electronics, and the strong presence of local players present immense opportunities for companies in the electronics adhesives market.
Based on the product Type, Ultraviolet (UV) Curing adhesives are projected to register the fastest-growth, followed by the electrically conductive adhesives segment in the global electronic adhesives market. The demand of UV Curing adhesives is mainly driven due to its ability to provide better scratch and abrasion resistance, high bond strength, and produce less/no wastage of resources, thus creating green revolution in the electronic adhesives industry.
Based on the resin type, Epoxy is the most widely used material for electronics adhesives. Acrylic has unique characteristics it offer better stain protection, greater water resistance, better adhesion, greater resistance to cracking and blistering, and resistance to alkali cleansers attribute to these performance characteristics Epoxy resin is expected to drive this material-type segment at a high CAGR.
Based on the application, Surface mounting adhesives is the largest application segment and are likely to continue their dominance throughout the forecast period. The surface mounting segment is expected to hold around 35% share in the electronics adhesives market by the end of the forecast period, thanks to the surging demand for printed circuit board (PCB) -based electronics devices across various sectors such as automotive, consumer durables, and industrial. The surging disposable income of this new class has resulted in the growing demand for automotive and consumer appliances. This, in turn, drives the global demand for electronics adhesives
However, strict regulations against volatile organic compound (VOC) emissions from adhesive films are major concern in Asia Pacific. Despite being a leading producer of electronics adhesives, initiatives taken by the Chinese government to curb volatile organic compound emissions threaten to dampen the growth of the electronics adhesives in China.
Geographically, Asia Pacific electronics adhesives market is anticipated to grow at a high CAGR during the forecast period. Manufacturers are also shifting their manufacturing bases to Asian countries such as South Korea, India and Taiwan to reduce the cost of production by employing low-cost, but skilled labor from the region. Growing penetration and demand of electric vehicles may stimulate regional growth.
North America electronic adhesives market may witness significant growth owing to rise in demand for printed circuit board will significantly increase the demand for electronic adhesives in the region.
Europe electronic adhesives market may witness high growth owing to major automotive companies along with strong economic conditions is expected to drive regional industry growth. Moreover, South America led should witness significant growth rate over the projected timeframe owing to favorable government policies to expand electronics production in the region.
Scope of Electronic Adhesives Market:
Global Electronic Adhesives Market, by Product Type
• Electrically Conductive
• Thermally Conductive
• Ultraviolet Curing
• Others
Global Electronic Adhesives Market, by Resin
• Silicone
• Polyurethane
• Epoxy
• Acrylic
• Others
Global Electronic Adhesives Market, by Application
• Conformal Coatings
• Encapsulation
• Surface Mounting
• Wire Tacking
Global Electronic Adhesives Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating In Electronic Adhesives Market:
• 3M Company
• Dymax Corporation
• DowDuPont
• Evonik Industries AG
• H.B Fuller Company
• Henkel AG & Co.
• LG Chem
• H.B. Fuller Company
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The Electronic Adhesives Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global Electronic Adhesives market are 3M, DowDuPont, Evonik Industries., H.B Fuller Company, Henkel, and LG Chem.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Electronic Adhesives Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/electronic-adhesives-market/download-sampleMarket DynamicsThe growing electronics industry along with increasing use of electronic adhesives in PCBs to assemble smaller sized components is fueling the market growth.
Moreover, technological advancements coupled with increasing R investments in microelectronics devices is further boosting the market demand.
On the contrary, the availability of substitute like soldering system to electronic adhesives may hamper the market growth.The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity.
The latest Electronic Adhesives Market designed from various sources which also include porter’s five forces analysis research techniques to explore the new opening of the marketplace for the period of 2021-2027.
The study also interrogates and examines the knowledge base on share, market size, growth path, and therefore the latest trends to acknowledge the potential value of the market.
And most significantly , the info on the present business scenario also will help players to know the stakeholder strategies and find out the new opportunities which can help them to achieve their way.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global Electronic Adhesives market are 3M, DowDuPont, Evonik Industries., H.B Fuller Company, Henkel, and LG Chem.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Electronic Adhesives Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/electronic-adhesives-market/download-sampleMarket DynamicsThe growing electronics industry along with increasing use of electronic adhesives in PCBs to assemble smaller sized components is fueling the market growth.
Moreover, technological advancements coupled with increasing R investments in microelectronics devices is further boosting the market demand.
