Electronic Adhesives Market – Industry Trends and Forecast to 2027 With Key players Like Henkel Adhesives Technologies India Private Limited ,Bostik, Masterbond , Ellsworth Adhesives India PTY Limited , Fuller Company. , Kyocera Chemical Corp.
Electronic Adhesives Market By Product (Thermally Conductive, Electrically Conductive, UV Curing and Others), Resin (Silicon, Epoxy, Polyurethane, Acrylic), Applications (Circuit Boards, Wire Cabling, Potting and Encapsulation, Wire Coatings, Audio Component Assembling and Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2027
Market Analysis: Global Electronic Adhesives Market
Global electronic adhesives market is expected to register a substantial CAGR of 6.9% in the forecast period of 2021-2027. The report contains data of the base year 2019 and historic year 2018. The high growth of this market is due to several innovations and increasing sales of consumer electronics products.
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Market Definition: Global Electronic Adhesives Market
Electronic adhesives are used in the manufacture of electronic circuits and products. These are mainly used as raw materials in the production of electronic adhesives including silicones, epoxies, polysulfides, polyurethanes among others.
Market Drivers:
Rising infrastructural investments for energy transformers to fuel the market growth
Growing demand for electronic equipment from end-users such as computers, laptops, household appliances will boost the market growth
Advancement in technologies in industrial and consumer application will drive this market growth
Investment in R&D activities from manufacturers for the use of microelectrionic devices
Market Restraints:
High product cost including high installation cost for laminating will hamper the market growth
Fluctuations in the currency exchange rate is another factor restricting this market growth
Segmentation: Global Electronic Adhesives Market
By Product
Thermally Conductive Adhesives
Electrically Conductive Adhesives
UV Curable Adhesives
Others
By Resin
Silicon
Epoxy
Polyurethane
Acrylic
By Application
Circuit Boards
Wire Cabling
Potting and Encapsulation
Wire Coatings
Audio Component Assembling
Others
By Geography
North America
US
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
Key Developments in the Market:
In May 2018, Henkel launched new materials and adhesive solutions for 3D printing. The main aim for this launch is to expand company product portfolio as well as to strengthen company footprint in the market along with providing a great adhesives solutions to their customers
In December 2018, Meridian Adhesives Group acquired Evans Adhesive Corporation a manufacturer of industrial adhesives. Through this launch the company aims at providing a variety of different adhesive technologies along with additional technical resources to their customers
Competitive Analysis:
Global electronic adhesives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electronic adhesives market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global electronic adhesives market are
3M, Emerald Performance Materials , AVERY DENNISON CORPORATION , Henkel Adhesives Technologies India Private Limited ,Bostik, Masterbond , Ellsworth Adhesives India PTY Limited , Fuller Company. , Kyocera Chemical Corp ,DOW, Bondline Electronic Adhesives, Inc , Creative Materials Inc , Evonik Industries AG , Heraeus Holding , LG Chem, Hitachi Chemical Co. Ltd , among others
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Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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