Electronic Adhesive Market Size, Share, Analysis, Growth, Trends and Forecast to 2027

 

Market Overview:

The electronic adhesives are used in printing circuit boards, which are then used in many applications such as automotive, medical devices, cell phones, computer storage, and aerospace among others. The growing demand from the developing region across the globe are the major factors driving the global market for electronic adhesive.

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The growing government investments in the development of electronic sector coupled with the augmenting investment in the retail sector are other factors contributing to the growth of the market. Among the various application, printing circuit boards are the dominant segment and are expected to show the same trend during the forecast years. The growing demand for printing circuit boards from applications such as wire tracking, chip bonding, and potting among others is contributing substantially to the growth of the segment.

Competitive Analysis

Some of the prominent players operating in the Global Electronic Adhesive Market are 3M Company (U.S.), Alent PLC (U.K), BASF SE (Germany), H.B. Fuller Company (U.S.), Henkel AG & Co. KGaA (Germany), Indium Corporation (U.S.), LG Chemical Limited (South Korea), Mitsui Chemicals (Japan), Hitachi Chemicals Company Limited (Japan), The Dow Chemicals Company (U.S.), and Kyocera Chemical Corporation (Japan) among others.

Market Segmentation

The global Electronic Adhesive Market is segmented into form, type, and application. On the basis of the form, the market is segmented into liquid electronic adhesive, solid electronic adhesive and paste electronic adhesive. On the basis of the type, the global Electronic Adhesive Market is segregated into electrically conducive, thermally conducive, UV curing, and others. On the basis of the application, the market is further bifurcated into printed circuit boards, semiconductor and the integrated circuit, and others.

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Market Scenario

The electronic conducive type segment is the leading type in the market and is expected to show the same trend during the forecast years. The electronic conductive adhesives also are known as ECA are used as efficient substitutes for traditional lead solders. The advantages such as high electrical conductivity, they have widely used microelectronic industry for packaging.

Regional Analysis

The global Electronic Adhesive Market is spanned across five key regions: Latin America, Europe , North America, Asia Pacific  and the Middle East & Africa. Among these, Asia Pacific holds a major portion of the market and is anticipated show a considerable CAGR during  the assessed  period. The developing end-user industries in the region such as electrical and automotive are expected to fuel the market growth. Moreover, the favorable government policies such as tax benefit and incentives among others has resulted in the shifting of the manufacturing base in the developing regions of  Asia Pacific The key counties attributing to this growth are India, China, and Japan.  North America is the dominant region for the electronic market adhesive. The developed end-user industries coupled with the growing adoption of electronic adhesive are the major factor contributing to the growth of the market. The major countries attributing to this growth are Canada, and U.S. European market of electronic adhesive is expected to show steady growth during the forecast years. Industry. Moreover, the increasing use of electronic adhesives in the automobile industry is driving the market in this region.

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Electronic Adhesive Market | Size, Share, Growth Insight, Competitive Analysis, Business Opportunities, Statistics, And Regional Forecast To 2027

 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.

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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