Stratistics MRC's Global Electronic Adhesives Market Key players analysis - Dow Inc., Evonik Industries AG, BASF SE, Hitachi Chemical Co. Ltd., LG Chem Ltd., Avery Dennison Corporation, 3M Co., H.B. Fuller Co., and Henkel AG and Co. KGaA.
Electronic adhesives are a part of the electronic components used in the manufacture and assembly of electronic circuits and products. They are mainly used in wire tacking, binding the surface-mount components, and encapsulating components. Raw materials used in the production of electronic adhesives include silicones, epoxies, polysulfides, polyurethanes, and cyanoacrylates.
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On the basis of geography, APAC is the leading market for electronic adhesives, due to the booming economies of China, Taiwan, India, Indonesia, and Vietnam. Epoxy resin is a preferred choice in the communications industry in APAC. It is in high demand, as it is used when extreme operating conditions require optimum protection. Epoxy also offers different physical and chemical properties from other alternatives. APAC is a rapidly developing region with growth opportunities for companies willing to invest in high-growth markets.
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Some of the key players in Electronic Adhesives Market include Dow Inc., Elkem ASA, Evonik Industries AG, BASF SE, Hitachi Chemical Co. Ltd., LG Chem Ltd., Avery Dennison Corporation, Dexerials Corp., 3M Co., Arkema SA, Covestro AG, Huntsman International LLC, H.B. Fuller Co., Henkel AG and Co. KGaA, Sika AG, Illinois Tool Works Inc., Mitsui Chemicals, Inc., and Kyocera Chemical Corporation.
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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 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.
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.
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.
