South America Electronics Adhesives Market - Segmented by Resin Type, Application and Geography - Growth, Trends and Forecast (2018 - 2023)
The South America Electronics Adhesives market is estimated to register a significant CAGR during the forecast period. Brazil is expected to hold the largest share of the market, owing to the healthy growth of electronics based industries. Surface mounting will be the dominating application during the forecast period
Increasing demand from automotive industries set to propel growth
Electronics adhesives find diverse 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.
The automotive sector in South America witnessed a sharp decline during the period 2014-2017, but a significant revival in the production statistics from 2016-2017 proves to be beneficial for the adhesive industry. Major countries in the region, such as Brazil and Argentina witnessed huge resurrection in their production statistics. This increase in production clubbed with diverse applications for the adhesives set to help propel the growth of the market in the region
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.
Brazil is Set to Dominate the Region during the Forecast Period
Brazil has some of the largest electronics manufacturing plants in Latin America. Moreover, the automotive sector in the country saw immense increase in its production; an up rise of approximately 25% in 2017 when compared to 2016. Additionally, the region is expected to have a strong base in electric vehicle production; among the automakers to be selling or considering to sell electric vehicles (EV) and hybrids in Brazil in 2018 are Toyota, Volkswagen, Hyundai, Nissan, Chevrolet, Volvo, and BMW. Revival of automotive industry clubbed with advent of electrical vehicles is expected to help propel the growth of the market
Major Players: Henkel AG & Co. KGaA, Sika AG, H.B. Fuller Company and 3M, among others.
Reasons to Purchase this Report
To understand the impact of growing technological advancements 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 that are 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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