Global Electronics Adhesives Market - Segmented by Material Type, Product Type, Application, and Geography - Trends and Forecasts (2015-2020) - Reportlinker Review
NEW YORK, Sept. 17, 2015 /PRNewswire/ -- Global Electronics adhesives market is valued at $3.4 billion in 2014. The market is expected grow at a CAGR of 9.3% during the forecast period, to reach $5.8 billion by 2020. The growing demand in the Asia-Pacific region is the major driving factor.
Asia-Pacific has the largest market for electronics adhesives, followed by North America and Europe. With advanced technological developments for end-users, the Asia-Pacific region is expected to continue its global dominance till 2019.
The electronics 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. Being part of electronic chemicals and materials, the industry is moving towards consolidation as the major electronic chemicals and materials companies are acquiring other local and foreign players.
Electronics adhesives are widely used in the manufacture and assembly of electronic circuits and products. They are used in bonding the surface-mount components, wire tacking, and encapsulating components. The most popular chemistries used in electronic adhesives are acrylics, epoxies, silicones and polyurethanes.
The UV curing adhesives are expected to show a fast growth in the coming years. However, electrically conductive and thermal conductive adhesives are the leaders as they act as an alternative to tin-lead solders. The trend towards miniaturization of electronics components has also resulted in more use of adhesives for fastening. In addition, the demand for adhesives in automotive electronics is also growing. Overall advancement in technology and implementation of tighter safety standards will also contribute towards the growth of electronics adhesives market.
Companies profiled in the electronics adhesives market report include 3M Corporation, American Chemical Inc., Ashland Inc., Avery Dennison Corporation, Beardow & Adams (Adhesives) Ltd., Bostik Inc., DOW CORNING Corporation, Nordson Corporation, H.B. Fuller, Henkel AG, Huntsman Corporation, Jowat AG and Sika AG.
Challenges
Volatility in feed stock price, and government regulations on limiting VOC emissions are projected to pose 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 fluctuations in crude oil prices.
What the report offers
1) Market Definition along with identification of key drivers and restraints for the market.
2) Market analysis with region specific assessments and competition analysis on a global and regional scale.
3) Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
4) Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
5) Identification and analysis of the Macro and Micro factors that affect the industry on both global and regional scale.
6) A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Read the full report: http://www.reportlinker.com/p03281945-summary/view-report.html
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