Electronic Adhesives Market Worth, Latest Trend, Growth Opportunity, Scope Overview Analysis 2020 - 2027
Electronic adhesives are defined as the part of the electronic components used in the manufacturer & assembly of electronic circuits and products. These adhesives are used in wire tacking, encapsulating components, and binding the surface-mount components. The growing electrical & electronics sector due to several innovations & the increase in sales of consumer electronics products is fuelling the demand for adhesives.
The increase in demand for
miniaturization/automation of electronic devices is expected to boost the
global electronic adhesives market growth over the forecast period.
Furthermore, the rise in applications in the automotive industry will
positively influence the market growth. Also, the increase in demand for
waterproof smartphones and wearable devices which expected to propel the global
electronic adhesives market growth during this forecast period.
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Moreover, the growing advancements in the
electronics industry will significantly drive the market growth. In addition,
key operating players are expected to invest in research and development
activities to reduce the overall costs & improve the eminence of global
electronic adhesives market.
Fluctuation in raw material prices may hamper the
global electronic adhesives market growth during this timeframe. Also,
stringent environmental regulations expected to limit the global electronic
adhesives market growth.
Electronic
Adhesives Market Segmentation
The Global Electronic Adhesives Market is segmented
into resin type such as Acrylics, Epoxy, Polyurethane, and others, by
application such as Encapsulation, Wire Tacking, Surface Mounting, Conformal
Coatings, and Others. Further, market is segmented into end user such as IT
Hardware, Consumer Hardware, Automotive, and Others.
Also, the Global Electronic Adhesives Market is
segmented into five regions such as North America, Latin America,
Europe, Asia Pacific, and Middle East & Africa.
Top
Market Key Players
Various key players are listed in this report such
as 3M, Ashland Global, Arkema, BASF SE, AVERY DENNISON, Beardow Adams Ltd,
Covestro, H.B. Fuller, Henkel, Huntsman Corporation,etc.
Market
Segmentation Analysis
By
Resin Type
·
Acrylics
·
Epoxy
·
Polyurethane
·
Others
By
Application
·
Encapsulation
·
Wire Tacking
·
Surface Mounting
·
Conformal Coatings
·
Others
By
End User
·
IT Hardware
·
Consumer Hardware
·
Automotive
·
Others
By
Region
·
North America
·
Latin America
·
Europe
·
Asia Pacific
·
Middle East & Africa
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