Market Analysis:
The global electronic
adhesives market is expected to have a favorable growth at a striking CAGR over
the estimated years (2017-2023). As opposed to any other industry where
adhesives are used to adhere two substrates together, in the electronics
industry their needs are unique. Right from adhesives which protect the
delicate wiring in the motherboard against vibration to the electrically
conductive glue which allows the electric circuits to complete, often
electronics adhesives are used for offering much more than merely a strong
bond. Cold glue and hot melt adhesives are used in numerous electronics
applications such as encapsulating components, binding surface-mounts
components, wire tacking and more. The various raw materials utilized in producing
electronic adhesives include cyanoacrylates, polyurethanes, polysulfides,
epoxies and silicones.
There are
abundant factors that is propelling the growth of the electronic
adhesives market. These factors as per
the MRFR (Market Research Future) report include technological advancements,
safety regulation implementation for electronic applications, solid-state
semiconductor technology implementation in consumer and industrial
applications, and investment on research and development activities made by
companies for the utilization of microelectronic devices especially in niche
applications. The additional factors include increase in need for lighter and
compact components, growth in penetration of IoT (internet of things), use of
electronic components in different applications namely aircraft, imaging
devices, medical devices, consumer electronics and automotive, increase in the
use of connected devices, consumers changing lifestyle, increase in disposable
income and increase in use of automated appliances. On the contrary, high
installation costs of product assembly, packaging and lamination of advanced machinery
is likely to hinder electronic
adhesives market growth.
Global Key Players:
·
Kyocera Chemical Corporation
·
The Dow Chemicals Company
·
Hitachi Chemicals Company Limited
·
Mitsui Chemicals
·
LG Chemical Limited
·
Indium Corporation
·
Henkel AG & Co. KGaA
·
H.B. Fuller Company
·
BASF SE
·
Alent PLC
·
3M Company
March 2019- Henkel is all set to organize an
exclusive webinar, “Electronic Adhesives for Tomorrow’s Vehicles” on September
10, 2019. This webinar will focus on the huge electronics adhesives portfolio that
Henkel offers. It will enable reliability and efficiency in multiple system
crucial automotive applications such as electronic modules utilized for power
storage systems, power conversion, wire harness, sensors, lidar modules, radar,
powertrain controls camera and more.
Competitive Analysis
The electronic adhesives market is competitive and
fragmented due to limited accessibility of suppliers and growing number of
buyers. The key players are using various strategies such as new product
development and new product launch, partnerships., merger and acquisition and
expansion to attain growth in the market. In fact, they are mainly laying
emphasis on offering low-cost and high-quality adhesives for numerous
applications namely PCB and semiconductors.
Market Segmentation:
MRFR report offers a broad
segmental analysis of the Electronic
Adhesives Market on the
basis of form, type and application.
Based on form, it is
segmented into paste electronic adhesive, solid electronic adhesive and liquid
electronic adhesive. Of these, liquid electronic adhesive will have the maximum
share in the market over the estimated years.
Based on type, the electronic adhesives market is segmented into UV curing,
thermally conducive, electrically conducive and others. Of these, the
electrically conducive segment will lead the market over the estimated years.
Based on application, it is
segmented into integrated circuit, semiconductor, printed circuit boards and
others.
Regional Analysis:
By region, the electronic
adhesives market covers growth opportunities
and latest trends across Latin America, Europe, North America, Asia Pacific and
Middle East & Africa. Of these, APAC will have a major share in the market
owing to the growing automotive and electrical industry here coupled with
favorable government policies namely incentives and tax benefit. China, India
and Japan are the key contributors here. The electronic
adhesives market in North America will have a healthy growth owing to
increasing use of electronic adhesives and the presence of developed end-user
industries. The US and Canada are the key contributors here. The electronic
adhesives market in Europe will have a steady growth due to growing utilization
of electronic adhesives especially in the automotive industry.
Get Complete Research
Report@ https://www.marketresearchfuture.com/reports/electronic-adhesives-market-917
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