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ELECTRONICS ADHESIVES MARKET ANALYSIS

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ELECTRONICS ADHESIVES MARKET ANALYSIS

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker   Electronics Adhesives Market 2017–2027  Electronics adhesives are a type of glue that is used to assemble the electronic             components as it offers high bond strength. Electronic adhesives provide fast             cures and resistance to water and many other chemicals. Moreover, it has a low             coefficient of thermal expansion, improve electrical and thermal conductivity.         They can be used across Portable device materials solutions, wearable’s             sealing and assembly, PCB assembly, circuit board protection, fingerprint         sensor, image sensor, flat panel display, and automotive. Low temperature, fast           cure liquids, reactive hot melts, light cure materials, 2K liquids, Polyurethane,             Silicone, and Film are some of the type of electronic adhesives.                                                                                              The global ​electronic adhesives market is projected to surpass US$ 14.0 billion             by the end of 2027, in terms of revenue, growing at CAGR of 12.1% during the                 forecast period (2019 to 2027).                               

  2. Drivers  Growing IT infrastructure and connected devices especially in the Asia Pacific         region is accelerating the market growth of electronics adhesives over the           forecast period. According to the Tech Jury, and the global IoT market is           forecast to be worth US$ 1.7 trillion in 2019 and there are expected to be more                 than 64 billion IoT devices worldwide by 2025. Therefore, growing IT           infrastructure around the globe is projected to propel the market growth of           Electronics adhesives over the forecast timeframe.                                                                                      Growing usage of electronic components in the automotive industry to enhance         the drivability and other related advantages such as vehicle safety is           accelerating market growth. According to Coherent Market Insights analysis,       the new concept of the X-by-wire system is drawing the attention of automobile             makers. In the X-by-wire system, hydraulic or mechanical power systems are           replaced by an electronics system, which utilizes sensors. The advent of such           new electronic components in the automotive industry is projected to stimulate           market growth.                                                                                             Geographically, Asia-Pacific dominated the global electronic adhesives market     in 2018, reporting 62% market share in terms of revenue, followed by Europe             and North America, respectively.                                           

  3. Figure 1. Global Electronic Adhesives Market, Revenue Share (%), By Region,  2018    Market Restraints  The high cost associated with the market penetration and testing procedures of             electronic adhesive is estimated to impact the market growth to some extent in           the near future. Electronics adhesives are majorly tested for their required         properties such as strength, performance, and durability and these tests are         performed through acoustic microscopy, gas chromatography, etc. which are       expensive, thus hampering the market growth.                                                                      Strict government rules and regulations regarding VOC emission and promote         sustainability is expected to restrict the market growth of electrical adhesive.           According to the Coherent Market Insights analysis, China is a major producer           of electronics adhesives, VOC regulations in the country are not as stringent as         that of western countries. However, as a part of “Beautiful China”, the Chinese               government is taking various initiatives to implement strict regulations against           VOC emissions.                                                                                Market Opportunities  Growing focus of key end-user industries to develop compact miniature           components for miniaturization of the final product is expected to offer         potential growth opportunities to the                                     market   of electrical adhesives.    

  4. Miniaturization of electrical devices such as mobiles and laptops has raised the         usage of adhesives in encapsulation and conformal coating types of         applications are further projected to augment the market growth of electronic           adhesive over the forecast period.                                          The growing focus of adhesives manufacturers to develop a sustainable and           eco-friendly product such as halogen-free, solvent-free, lead-free, and have low         VOC content is expected to stimulate market growth over the forecast period.             Moreover, shifting the focus of the manufacturer is trying to limit the usage of             polyurethane are petroleum-based due to strict government rules and       regulations is further anticipated to accelerate the market growth of electronic           adhesive.                                                                               Figure 2. Global Electronic Adhesives Market – Opportunity Analysis    Market Trends  Many manufacturers are following the trend of introducing novel electrical         solutions in order to meet the rising demand around the globe is propelling               market growth. For instance, in August 2016, Techsil announced an agreement             to supply Canadian based M.G. Chemicals’ popular, high-performance range of           adhesives, sealants, coatings, and         manufacturing sector. This adhesive is high quality and high-performance ideal           solution for the electronics industry. Therefore, innovation in the electrical           adhesive is augmenting the market growth over the forecast period.                                                    cleaners     to   the   UK’s   electronics               The rising trend of adopting smart strategies such as merger and acquisition                        

  5. among major players in the electrical adhesive market in order to gain a           competitive edge is propelling market growth over the forecast period. For         instance, in March 2018, Chemence, Inc., a producer of specialized adhesives,           sealants, and resins, acquired electronics adhesive business and technology of         Georgia-based manufacturer Supreme Recourses, Inc.                                                        Figure 3. Global Electronic Adhesives Market, Revenue Share (%), By  Application, in 2018    On the basis of application, in 2018, surface mounting accounted the largest               market share of 30% in terms of revenue, followed by conformal coating and               encapsulation, respectively.                                   

  6. Figure 4. Global Electronic Adhesives Market – Value Chain Analysis    Competitive Section  Key players active in the global electronic adhesives market are Henkel AG &             Co. KGaA, H.B. Fuller Company, 3M Company, Evonik Industries AG, Dymax             Corporation, and Dow Corning                          1. Request Sample Report 2. Download PDF Brochure 3. Request Customization 4. Talk to Analyst For Reference: CLICK HERE

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