Global Electronics Adhesives Market - Segmented by Resin Type, Application and Geography - Growth, Trends and Forecast (2018 - 2023)
The Global Electronics Adhesives market is estimated to register a significant CAGR during the forecast period. Asia-Pacific is expected to hold the largest share of the market, owing to the healthy growth of electronics based industries, especially in China, Japan and South Korea. Increasing demand from automotive sector is expected to drive the market.
Increasing Demand from Automotive Industries Set to Propel Growth
Electronics applications in automotive include 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, heads up display, back up collision sensors, navigational systems, tire pressure monitor, and climate control. High-end electronics are being used in automotive to provide the vehicle drivers and passengers with in-car navigation, entertainment, and information.
Growing automotive industry, coupled with the increasing application of electronics in the automotive sector is steering the demand for electronics adhesives.
Surface Mounting is Expected to Hold the Largest Share of the Application Segment
Surface mounting, also known as chip bonding, is the major application of adhesives in the electronics industry. It includes placing surface-mount-devices on beads or dots of UV curing adhesives and curing the adhesive to firmly, securely hold the aforementioned device at the requisite place, during further processing of the electronic equipment being manufactured. The types of adhesives used in this application are mostly one-component systems, made from acrylics, epoxies, or urethane acrylates, and can be either electrically or thermally conductive.
Asia-Pacific is Set to Dominate the Region During the Forecast Period
China is emerging as one of the biggest markets, both in terms of consumption and production of the electronic adhesives and accounts for slightly more than half of the total market in Asia Pacific, in 2017. Factors, like 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.
Notable Developments in the Market
September 2017: H.B. Fuller Company to acquire Royal Adhesives and Sealants
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 regarding VOCs 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
Countries expected to witness the fastest growth during the forecast period
Identifying 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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