Electronic Adhesives Market to be dominated by Growing Usage of Electronic Devices through 2027
Growing demand of electronic
devices and extensive development in technology to drive the electronic
adhesives market in the forecast period, 2023-2027.
According to TechSci Research report, “Electronic
Adhesives Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027”, the global electronic adhesives market is
anticipated to grow at a significant rate in the forecast period, 2023-2027. The
growing demand for electric component in different industries, the development
in the technologies and investments in the research and development activities are
the primary factors driving the demand for the global electronic adhesives market.
Increase in rising popularity of medical gadgets and wearables, surge in demand
for electrical and electronic industry, rise in the sales of consumer
electronics products, and growing demands for electric vehicles are expected to
influence the market demand. Also, rising strategic initiatives such as
partnerships, acquisition, and product launches undertaken by the market
players are facilitating the growth of the electronic adhesives market, globally.
However, the high cost associated with the market
penetration and testing procedures of electronic adhesive, strict government
rules and regulations regarding VOC emission, promote sustainability, and
fluctuation in raw material prices may hamper the growth of the global electronic
adhesives market.
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The global electronic
adhesives market is segmented into resin type, form, product type, end user,
and company.
Based on resin type, the
market is divided into epoxy, silicone, polyurethane, acrylic, and others. The epoxy
segment is expected to hold the largest market share. This is attributed to the
good resilience against environmental and media influences, act as a protective coating, and exhibit optical
properties and diffraction indexes.
Based on form, the market is
divided into liquid, paste, and solid. The
liquid segment is expected to witness largest market share. This is due to its growing
use of paste electronics adhesives for bonding and sealing different types of
electronic components.
Based on product type, the
market is divided into electrically conductive adhesives, thermally conductive
adhesives, and others. The thermally conductive adhesives segment is
anticipated to grow during the forecast period. This is attributed to the
advancements in thermal and conductive properties and rising trend of
miniaturization of electronics.
Based on end user, the
market is divided into consumer electronics, medical, industrial,
transportation, aerospace & defense, and others. The consumer electronics segment
is anticipated to grow during the forecast period. This is attributed to the growing
demand by consumer sector, increase
in the development of new technology and industrialization.
Major operating companies
operating in global electronic adhesives market are:
- Henkel AG
- 3M Company
- Arkema SA
- Parker Hannifin Corporation
- H.B. Fuller Company
- Master Bond Inc.
- Threebond Co., Ltd.
- Panacol-Elsol GMBH
- Meridian Adhesives Group
- Sika AG
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“Asia Pacific region dominates the
market in 2021 and is expected to maintain its dominance in the coming years
due to the large consumer base and low production costs. The heavy investment
in R&D, presence of prominent players, increasing urbanization, growing
connectivity, rising product demand in medical sector and new car assessment
programs in the region are another key factor. Also, growing electronic
adhesives patents, shift of consumption and production capacity to the emerging
markets and increasing support from the government in the region are expected
to propel the global electronic adhesives market growth till 2027” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Electronic Adhesives Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented
By Resin Type (Epoxy, Silicone, Polyurethane, Acrylic, Others), By Form
(Liquid, Paste, Solid), By Product Type (Electrically Conductive Adhesives,
Thermally Conductive Adhesives, Others), By End User Industry (Consumer
Electronics, Medical, Industrial, Transportation, Aerospace & Defense,
Others), By company and By Region”, has evaluated the future growth
potential of global electronic adhesives market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global electronic adhesives market.
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