Electronics Adhesives Market - Industry Analysis, Size, Share, Forecast 2020

Electronics Adhesives Market: Snapshot

The global electronics adhesives market is characterized by the growing presence of leading players in the emerging economies of Asia Pacific. This region presents a mammoth opportunity for all those involved in the production, sales, and distribution of electronics adhesives. As a result, an increasing number of market players have been considering the expansion into Asia Pacific as a major strategic move for a wider reach and to strengthen their position in the global market.

Apart from this, the market for electronics adhesives is anticipated to benefit from the rising demand for more compact and lighter components from the electronics industry. Add to this, the growing penetration of the Internet of Things. The surging adoption of connected devices has transformed the way electronic appliances are built, giving players a significant opportunity to make the most of this trend.

Asia Pacific: Host of Economic Benefits on Offer

The global market for electronics adhesives comprises five regional segments: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The volume of the APAC electronics adhesives market is poised to rise by more than 9% each year from 2013 to 2020, registering a twofold growth in demand during the period. Registering a 10% CAGR during the forecast period in terms of volume, and a 12.9% CAGR by value, this region dominates the global electronics adhesives market by volume as well as value. The value share of the APAC electronics adhesives market was pegged at 60.8% in 2014, amounting to US$1.7 bn in 2013. The active use of electronics adhesives in Asia Pacific can be attributed to the strengthening presence of electronics device manufacturers mainly in China, India, and South Korea. The abundance of raw material, low labor costs, and technological expertise are some of the key benefits that the region offers, making it the most lucrative market for electronics adhesives. Apart from Asia Pacific, North America also presents a multi-million dollar opportunity over the course of the forecast period.

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“An increasing number of players have been focusing on expansion activities in several Asian countries such as China, India, and South Korea,” a TMR analyst observes. “The growing demand for electronics adhesives, the availability of an established customer base and state-of-the-art manufacturing facilities, the increased production of consumer electronics, and the strong presence of local players present immense opportunities for companies in the electronics adhesives market.”
Making the most of these opportunities are several players, the most prominent one being 3M Company in terms of revenue. Although the company has a predominant presence in North America, it has been investing heavily in Asia with the support of local vendors. The promotion of its brands and enhancement of its production capacity are the prime reasons behind 3M’s ongoing trend.

Overwhelming Demand for Consumer Electronics in China to Override Impact of Regulatory Restrictions

In keeping with this trend, TMR has observed that developing economies such as China and India are presently characterized by the rise of a new class of consumers. “The surging disposable income of this new class has resulted in the growing demand for automotive and consumer appliances. This, in turn, drives the global demand for electronics adhesives,” states the author of the study.
However, strict regulations against volatile organic compound (VOC) emissions from adhesive films are major concern in China. Despite being a leading producer of electronics adhesives, initiatives taken by the Chinese government to curb VOC emissions threaten to dampen the growth of the electronics adhesives in China. Be that as it may, TMR predicts that the massive production bases for and consumption of semiconductors, smartphones, and tablets is sure to override the negative impact of these regulatory restrictions in the coming years.
Another factor boosting the electronics adhesives market is a surge in R&D activities. “The dynamic nature of the industry and constant changes in consumer expectations have compelled players to step up efforts in the development of advanced electronics adhesives that are in line with what the consumers want in terms of features, technology, and performance,” the TMR analyst reveals.

Revenue of Global Electronics Adhesives Market to Grow Twofold by 2020

The global electronics adhesives market volume is forecast to rise 1.8 times from 2013 to 2020, TMR finds, with an annual growth of over 8%. The worldwide demand for electronics adhesives is projected to surpass 1.9 mn tons by 2020. In terms of revenue, the global market is anticipated to witness a twofold growth during the forecast period, with the escalating shipment of tablets and smartphones playing a key role in the revenue generation.
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