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Electronic Adhesives Market 2018 Significant Growth to 2023 | Top 10 Companies, Industry Analysis, Business Opportunity & Study Research Report
An adhesive is used to bind substances together. Electronic adhesives are extensively used for the manufacturing and assembling of electronic circuits and products. They are extensively used in encapsulating components, wire tracking, and for the surface mount components. Electronic adhesives are produced mainly from epoxies, silicones, polyurethanes, cyanoacrylates, and polysulfide.
Electronic Adhesives Market- Top 10 Global key Players & Their Strategy
The leading market players in the global electronic adhesives market are 3M Company, Alent PLC, BASF, H.B. Fuller, Henkel AG & Company, Indium Corporation, LG Chemical Limited, Mitsui Chemicals, Hitachi Chemicals, Dao Corning, Dow Chemicals and among others.
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Industry/ Innovation/ Related News:
October 2017 – With Smartphone shipments worldwide projected to reach over 1.71 billion by 2020, Tesa UK is continuing to create and innovate the latest technology required to support electronic device manufacturers. Tesa has been a world leading exponent of adhesive tape development for 75 years and is currently at the forefront of developing and producing adhesive solutions for use in electronic devices. This innovation strategy would definitely fuel the electronic adhesive market.
March 2016 – Electronics manufacturer The Morey Corporation (Morey) is working with Henkel Adhesive Technologies for more than 35 years. The launch of the innovative Loctite GC 10 solder paste helped further strengthening the partnership between these two companies. Morey supports leading electronic OEMs by delivering electronics design, manufacturing and life cycle solutions to bring innovations to dynamic and demanding markets. Therefore the company utilize a tailor-made package of fifteen solutions from Henkel’s comprehensive portfolio. This partnership agreement would fuel the demand of electronic adhesive market.
Segmentation Analysis
Geographically, Asia-Pacific is estimated to be the largest market for electronic adhesives in 2016, owing to high economic growth rate, rising electronic adhesives based application patents and cheap labor. Surface mount devices are estimated to be the leading application in the global market and accounted for more than 40% of the total market demand owing to substantial development in chip bonding. Apart from this, the shifting trends towards the miniaturisation of electronic gadgets have increased the demand for electronic adhesives over the past few years.
Regional Analysis
Regionally, Asia Pacific region accounted largest market share in the global electronic adhesive market and expected to dominate during the forecast period due to economic trends in the region. In the Chinese domestic marketplace, consumer behavior, and developments to product technology and delivery systems have all merged to shape the electronic adhesives market. The electronic adhesive manufacturers in China is mostly comprises of small manufacturers and some of the prominent manufacturers.
The growing industrialization and urbanization in the developing regions throughout the globe is expected to boost the market growth during the forecast period. Moreover, the shifting of manufacturing hub coupled with the growth in the retail sector is further driving the growth of the market. The global electronic adhesives market is expected to grow at an encouraging CAGR during the forecast years.
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Among the various form segment in electronic adhesives market, the liquid form is the leading segment of the market and is anticipated to continue its dominance over the forecast period. This growth is attributed to the increasing demand for liquid electronic adhesives where enhanced adhesion flow is required owing to its excellent adhesion strength. The most common applications of liquid electronic adhesives are mounting of dyes, potting, and coating on printed circuits boards. On the basis of trhe application, the printed circuit board segment is the leading and is expected to show the same trend during the forecast years. The growing demand for printed circuits boards in the automobiles, cell phones, and medical devices among others is contributing significantly to the growth of the segment.
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