Global Acrylic Adhesives in electronics Market - Segmented by Product Type, Application and Geography - Trends and Forecasts (2017 - 2022)
Global acrylic adhesives in electronics market is currently valued at USD 1177.98 million in 2015 and is expected to reach USD 1875.7 million by 2020 showing a compound annual growth rate of 9.7%. The growing demand for electronic adhesives in the Asia-Pacific region is the major driving factor of the market.
Asia-Pacific has the largest market for acrylic adhesives, followed by North America and Europe. The Asia-Pacific region is expected to continue its leading position and dominate the market by 2020, with advanced technological developments in the electronic adhesives market for end-users. Among these regions, the growth of the Acrylic Adhesives market will be phenomenal in Asia Pacific. The growth of the market in Asia Pacific will mainly be concentrated in China, India, Japan, and South Korea.
The electronic adhesives market is anticipated to show high growth rate in the coming years. The market is technology-driven and there will be investments for the development of new technology and products. The electronic adhesives market is a part of electronic chemicals and materials industry, which is moving towards consolidation as the major electronic chemicals and materials companies are acquiring other local and foreign players.
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. 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. Overall, advances in technology and implementation of tighter safety standards are expected to grow the electronic adhesives market.
Volatility in feed stock price and government regulations about limiting VOC emissions are projected to poise a great threat to global Acrylic Adhesives market in the near future. Primary materials used in manufacturing of Acrylic Adhesives such as polyurethane are mainly petroleum based and hence are very sensitive to prices fluctuations of crude oil.
In the future, it is expected that as lesser of the drivers attention is required to steer the vehicle, the operator will be able to pursue other tasks or interests. Interiors will be designed to enable occupants to engage in work or leisure activities; which suggests the addition of even more electronics in the interior. Adhesives that improve screen clarity, reduce glare, or help electronics survive the harsh automotive environment will be in demand as these worlds collide.
The report on Acrylic adhesives in electronics is segmented by application such as: surface mounting, conformal coatings, wire tacking, potting and encapsulation; and by product type as: electrically conductive adhesives, thermally conductive adhesives, UV curing adhesives and others. It is also segmented geographically into: North America, Europe, Asia-Pacific (APAC) and the rest of the World.
Companies profiled as major players in the acrylic adhesives market are:
American Chemical Inc.
Avery Dennison Corporation
Beardow & Adams (Adhesives) Ltd.
Dow Corning Corporation
Key Deliverables in the Study:
Analysis for the global acrylic adhesives market in electronics, with region specific assessments and competition analysis on global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, 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 share.
Identification and analysis of the macro and micro factors that affect the global acrylic adhesives market in electronics on both global and regional scale.
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 where this industry is blooming and to also identify the regions that are still untapped.