Asia-Pacific Electronics Adhesives Market - Segmented by Resin Type, Application and Geography - Growth, Trends and Forecast (2018 - 2023)
The Asia-Pacific electronics adhesives market is estimated to grow at a significantly high CAGR during the forecast period (2018 - 2023). China is expected to hold the largest share of the market, owing to the healthy growth of the automotive and electronics-based industries in the region.
Increasing Demand from Automotive Industries to Propel Market Growth
The electronics applications in the automotive industry includes airbags, anti-lock braking system, black box, adaptive cruise control, drive by wire, satellite radio, telematics, emission control, traction control, automatic parking, in-vehicle entertainment systems, night vision, head-up displays, back up collision sensors, navigational systems, tire pressure monitor, and climate control. High-end electronics are being used in automotive vehicles to provide the drivers and passengers with in-car navigation, entertainment, and information.
The foreign and domestic players share the traditionalChinese automotive market. The emergence of New Energy Vehicles (NEV) has seen the domestic players having an upper hand over the foreign players. The advent of these NEVs will ensure significant growth in the automotive sector of the country during the forecast period.
Surface Mounting to Hold Largest Market Share
Surface mounting, also known as chip bonding, accounts for close to 40% of the total market share in the Asia-Pacific electronics industry. The major types of adhesives used in this application include mostly one-component systems, made from acrylics, epoxies, or urethane acrylates, and can be either electrically or thermally conductive. These adhesives used have superior physical and chemical quality which helps them to have a long shelf life, a high wet strength, rapid curing, strength, and flexibility.
China to Dominate the Market
China is expected to hold a share of more than 50% of the total Asia-Pacific market and is coming up as one of the biggest markets in terms of consumption and production of the electronic adhesives. The increasing urbanization, growing connectivity, and consistently growing automotive industry, combined with the usage of advanced technology in the manufacturing of automotive safety technologies and infotainment systems, is boosting the demand for printed circuit boards. This is driving the growth of electronic adhesives market. Apart from China, other countries, such as South Korea, Japan, and Singapore, are also expected to witness significant growth during the forecast period.
September 2017: H.B. Fuller Company acquired Royal Adhesives and Sealants
August 2016: Adhesives division of Alfagres S.A. was acquired by Henkel AG & Co. KGaA
Major Players: Henkel, DowDupont, H.B. Fuller Company, and 3M, amongst others.
Reasons to Purchase this Report
To understand the impact of increasing stringent regulations on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating resin type in the market
To identify the countries that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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