Electronic Adhesives Market: An Insight Of The Aggressively Changing Industry Dynamics
Global Electronic Adhesives Market may witness
significant gains over forecast timeframe. These adhesives play a vital role in
production and manufacturing of electronic products as well as assembly of
electronic circuits. They are widely used in electronic industry for
encapsulating components, wire tracking, and binding the surface-mount
components.
Strong application outlook in electronic adhesives
market along with superior properties such as capability to protect the
electronic & circuit assembly components against electronic interference,
vibration, or shock and moisture will stimulate electronic adhesives market
size. Global demand for electronic components was valued at over USD 5.13
billion in 2015 and may surpass USD 5.94 billion by 2020, registering over 3.3%
growth.
Request for an in-depth
table of contents for this report @ https://bit.ly/2zTs2sm
Increased
product usage in automotive industry owing to their wide range of application
in engine status displays, collision avoidance systems, anti-theft systems,
power electronic modules and LED packaging will trigger electronic adhesive
market growth.
Trend of
miniaturization in electronic devices play a vital role in growth of the
overall Electronic Adhesives Market. Manufacturers are focusing towards
production of reliable and compact electronic devices, along with lowering
material and production cost. Use of adhesives enables manufactures to produce
lower weight, thinner, faster, smaller, more powerful, energy efficient consumer
and industrial electronic systems.
Manufacturers
are expected to invest in R&D activities to reduce the overall costs and
improve the eminence of electronic adhesives market over the forecast period.
In addition, the rise in demand for lighter and compact components from the
electronics industry driving the product demand. However, high product costs as
well as high installation cost for laminating & packaging machinery and
product assembly may hamper the electronic adhesives market.
Based on
product type, electronic adhesive market can be segmented as thermally
conductive, electrically conductive, UV curing and others. The electrically
conducted adhesives segment is anticipated to dominate the industry over the
projected timeframe owing to its rise in preference over traditional tin-lead
solders. Moreover, technological innovation in electronics devices has
significantly rises the demand for advanced adhesive materials that are
efficient of providing conductivity, compatibility and strength with electronic
circuits. Electrically conductive adhesives are playing a key role in meeting
this demand that may boost the product demand. Rise in demand for electronic
adhesives in microelectronic industry for packaging applications is also expected
to boost the electronic adhesives market growth during the forecast period. UV
curing segment is expected to show a significant growth rate over the projected
timeframe owing to its usage in a wide range of applications for electronic
assembly and circuit protection.
On application
basis, surface mount devices were estimated to dominate the industry and is
expected to grow with same pace favorable. The growth can be attributed to rise
in demand for PCB-based electronics devices in various end use industries such
as industrial, consumer durables, and automotive. Ability to protect circuit
boards from abrasion and corrosion is expected to boost the conformal coatings
segment in foreseeable timeframe. Encapsulation and potting should witness
significant growth over the forecast period owing to their wide range of
applications such as automotive power trains, fly-back transformers, and
relays.
Asia Pacific
led by China, India, Japan and South Korea electronic adhesives market should
witness significant growth. Growing electronic and manufacturing industry along
with advancement in technology and growing levels of urbanization may promote
the product regional growth. Apart from this initiative taken by government in
this region for the enhancement of electronic industry should have positive
influence on regional growth. 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.
North America
led by U.S. electronic adhesives market may witness significant growth. Rise in
demand for printed circuit board will significantly increase the demand for
electronic adhesives in the region. Growing penetration and demand of electric
vehicles may stimulate regional growth.
Europe driven by France, UK and Germany electronic
adhesives market may witness high growth. Existence of major automotive
companies along with strong economic conditions is expected to propel regional
industry growth. Moreover, Latin America led by Brazil should witness
significant growth rate over the projected timeframe owing to favorable
government policies to expand electronics production in the region.
Key Players of the industry include Henkel AG &
Co. KGaA, Dow Chemical, HB Fuller, Kyocera Chemical Corp, 3M Company, Bondline
Electronic Adhesives, Inc, Dymax Corporation Creative Materials Inc.
Manufacturing companies are focusing on increasing the R&D for enhancing
their product portfolio. The industry players are also engaged in merger and
acquisitions with local & regional companies to open new market
opportunities, and further boost electronic adhesives market demand.
About Global Market
Insights
Global
Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom
research reports along with growth consulting services. Our business
intelligence and industry research reports offer clients with penetrative
insights and actionable market data specially designed and presented to aid
strategic decision making. These exhaustive reports are designed via a
proprietary research methodology and are available for key industries such as
chemicals, advanced materials, technology, renewable energy and biotechnology
Contact Us
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Electronic Adhesives Market: An Insight Of The Aggressively Changing Industry Dynamics
![Electronic Adhesives Market: An Insight Of The Aggressively Changing Industry Dynamics]()
Reviewed by GMI
on
July 19, 2018
Rating:
No comments