BANGALORE, India, October 9, 2015 /PRNewswire/ --
Mordor Intelligence releases their report on the Global Electronics Adhesives market. The report elucidates the situation of Electronics adhesives around the world and studies its markets by application which include Surface mounting, Conformal coatings, Wire tacking, Potting and Encapsulation; by Material Type - Acrylics, Epoxies, Polyurethanes, Silicones and others; and by Product Type - Electrically Conductive Adhesives, Thermally Conductive Adhesives, UV Curing Adhesives and others. The report is also divided by geography - North America, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 5 years.
Global Electronics adhesives market is currently valued at $3.4 billion in 2014 and is expected to reach $5.8 billion by 2020 showing a compound annual growth rate of 9.3%. The growing demand for electronic adhesives in the Asia-Pacific region is the major driving factor of the market.
Asia-Pacific has the largest market for Electronics adhesives, followed by North America and Europe. The Asia-Pacific region is expected to continue its leading position and dominate the market by 2020, with advanced technological developments in the electronic adhesives market for end-users.
The electronic adhesives market is anticipated to show high growth rate in the coming years. The market is technology-driven and there will be investments for the development of new technology and products. The electronic adhesives market is a part of electronic chemicals and materials industry, which is moving towards consolidation as the major electronic chemicals and materials companies are acquiring other local and foreign players.
Electronic adhesives are widely used in the manufacture and assembly of electronic circuits and products. They are mostly used in bonding the surface-mount components, wire tacking, and encapsulating components. The most popular chemistries used in electronic adhesives are acrylics, epoxies, silicones, polyurethanes and others.
The UV-curing adhesives are expected to experience the fastest growth in the coming years. However, electrically conductive and thermal conductive adhesives are the leaders and act as an alternative to tin-lead solders. The longstanding trend toward miniaturization of electronics components has resulted in more use of adhesives for fastening. In addition, as the use of electronics grows in the automotive sector, the demand for adhesives in automotive electronics is also growing. Overall, advances in technology and implementation of tighter safety standards are expected to grow the electronic adhesives market.
Companies profiled in the Electronics adhesives market report include 3M Corporation, H.B. Fuller, Nordson, Ashland Inc., Avery Dennison Corporation, Bostik Inc., among others.
Get the Full Report Here: Global Electronics Adhesives Market
In future, as less of the driver's attention is required to steer the vehicle, the operator will be able to pursue other tasks or interests. Interiors will be designed to enable occupants to engage in work or leisure activities, which suggests the addition of even more electronics in the interior. Adhesives that improve screen clarity, reduce glare, or help electronics survive the harsh automotive environment will be in demand as these worlds collide.
Volatility in feed stock price, and government regulations about limiting VOC emissions are projected to poise a great threat to global electronics adhesives market in the near future. Primary materials used in manufacturing of electronics adhesives such as polyurethane are mainly petroleum based and hence are very sensitive to prices fluctuations of crude oil.
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SOURCE Mordor Intelligence LLP