Electronic Adhesives Market Research worth 6,085.4 Million USD by 2020
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Browse 129 market data tables and 57 figures spread through180 pages and in-depth TOC on "Electronic Adhesives Market by Form (Liquid, Paste and Solid), by Type (Electrically Conductive, Thermally Conductive, UV Curing and Others), by Application (Printed Circuit Boards and Semiconductor & IC), by Region - Global Trends and Forecasts to 2020"
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The global electronic adhesives market is projected to reach USD 6,085.4 Million by 2020 at a CAGR of 10.1%. This growth is fueled by the growing technological dominance, increasing production capacities, rising development strategies, and growing application sectors globally.
Liquid Form: The largest, by form market of electronic adhesives
Liquid form adhesives are the largest segment of the electronic adhesives market. Owing to its strong adhesion strength the liquid adhesives are used in applications where excessive adhesion flow is required and the surfaces to be bonded are large. The electronics industry uses liquid adhesives for mounting the semiconductor dyes, as conformal coatings on printed circuits boards (PCBs) and potting. These adhesive forms are available in various compositions such as epoxies, silicones, and acrylics. The growing demand for PCBs from telecommunication, consumer, and microelectronic assembly application industries has led to increase in the demand for liquid form adhesives in the global electronic adhesives market.
Electrically Conductive: The largest, by type market of electronic adhesives
Electrically Conductive Adhesives, also known as ECA, is the largest segment of the electronic adhesives type market. They are used as substitute for traditional tin-lead solders. Owing to their high electrical conductivity, and ability to allow the passage of current while initiating electrical connection between two bonded surfaces, electronic adhesives are widely used in microelectronic industry for packaging applications. The increasing technological advancement, increasing demand from the flip-flop applications, and emerging microelectronic packaging industries are few factors that drive the growth of the electrically conductive adhesives market in the global electronic adhesives market.
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Printed Circuit Board (PCB): The largest application market for electronic adhesives
The PCB application is the largest application for electronic adhesives owing to the increasing demand from applications such as chip bonding, wire tacking adhesives, potting, and conformal coatings in Asia-Pacific and the Middle East & Africa regions. The ability to protect the electronic & circuit assembly components from corrosion, dust, shock & vibration, environmental and physical damage makes electronic adhesives the highly preferred adhesives in the PCB industry. In Asia-Pacific, the PCB industry is the largest market for electronic adhesives. The growing encapsulation and the electronics industry, increasing R&D activities, and circuit molding industries have fueled the growth of electronic adhesives in PCB in the Asia-Pacific region.
Asia-Pacific: The largest market for electronic adhesives
The Asia-Pacific region is estimated to be the largest market for electronic adhesives globally. This is mainly attributed to the high economic growth rate, growing manufacturing industries, cheap labor, and increasing electronic adhesives-based application patents. Also, involvement of government organizations for the commercialization and enhancement of electronic adhesives are few factors leading to the growth of electronic adhesives in this region. China is the largest market for electronic adhesives in the Asia-Pacific region. The dominance of China in the market for electronic adhesives is owed to rise in connectivity, growing levels of urbanization, increasing expansion, and advanced technology. The rapid shift of electronic adhesives manufacturing facilities from the developed countries to the Asia-Pacific countries such as India, South Korea, and Taiwan is also a major contributor toward the growth of electronic adhesives market in the region.
The global electronic adhesives market is a fragmented one owing to the large number of buyers and limited availability of suppliers across the globe. Also, the increasing rivalry among the players to obtain majority of the patents for electronic adhesives based applications such as circuit assembly, display, and mobile electronics has played a major role in intensifying the level of competition. Major players such as H.B. Fuller (U.S.), Henkel AG & Co., KgaA (Germany), few start-ups such as Alent Plc (U.K.) have adopted various organic and inorganic developmental strategies. These strategies majorly include expansion, merger & acquisition, partnerships, and new product launch & product development to achieve growth in the electronic adhesives market. They mainly focus on providing high-quality and low-cost electronic adhesives-based materials for various applications such as semiconductors and PCB.
This report covers the market by value and volume for electronic adhesives and forecasts the market size till 2020. The report includes the market segmentation by form, by type, by application, and by region. It also provides company profiles and competitive strategies adopted by the major market players in the global electronic adhesives market.
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