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.
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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.
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.
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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.
Key Players
·
BASF SE
·
Alent PLC
·
3M Company
·
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
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.
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.
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