NEW YORK, Nov. 7, 2016 /PRNewswire/ -- Global Electronic Adhesives market size is expected to grow at a CAGR between 12.0% and 12.5% over the forecast period from 2016 to 2021. With thermal properties and enhance conductive properties, electronic adhesives make a good substitute for soldering systems. These specialty adhesives find substantial applications in electronic circuit manufacturing and assembling. The global electronic adhesive market is largely driven by increasing demand for compact electronic and communication devices, increase in usage of imaging censors in consumer electronics and rapid growth in application industries in emerging markets coupled with steady growth in matured markets. However, volatility in raw material prices, high cost of installation for laminating and packaging the machinery are some of the restraining factors that are likely to affect the growth of the electronic adhesive market in the world.
The global electronic adhesives market is segmented on the basis of materials, product types and applications. The materials include polyurethanes, silicones, epoxies, acrylics and others, while the product types include thermally conductive adhesives, electrically conductive adhesives, ultraviolet curing and others. The application areas of electronic adhesives covered in the report include surface mounting, encapsulation, conformal coating and others. Presently, among the applications of Electronic Adhesives surface mounting dominated the global market while encapsulations is expected to grow at the highest rate over the forecast period. The report covers the analysis of global as well as regional markets of Electronic Adhesives market such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World.
Moreover the report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas and focus areas that existing or new market players can consider.