HYDERABAD, India, September 20, 2016 /PRNewswire/ --
Mordor Intelligence announces the publication of their research report on the global electronics adhesives market. The report titled, "Global Electronic Adhesives Market- Segmented by Product Type, Chemistry Used and Geography - Trends and Forecasts" discusses the current landscape and outlook of the market.
The global electronic adhesives market is estimated to be worth USD 4,131 million in 2016, and is expected to be worth USD 6,208.88 million by 2021, projecting at a CAGR of 8.49%, during the forecast period (2016-2021). The report is an amalgamation of the current market scenario, its prospects and forces driving and restraining the market growth.
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Our report on the electronic adhesives market has been segmented as:
- By Material Type
- By Product Type
- Electrically Conductive Adhesives
- Thermally Conductive Adhesives
- UV Curing Adhesives
- By Application
- Surface mounting
- Conformal coatings
- Wire tacking
Based on geography, the market is segmented into North America (United States, Canada, Mexico, Rest of North America); Europe (Germany, United Kingdom, France, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, ASEAN countries, Rest of APAC); South America (Brazil, Argentina, Rest of South America), and Middle East and Africa (Saudi Arabia, South Africa and Rest of Middle-East & Africa).
The UV-curing adhesives segment will likely experience the fastest growth during the forecast period, owing to the adhesive' solvent-free and environment-friendly characteristics. Electrically conductive adhesives account for the highest share in the market, in terms of revenue, closely followed by thermally conductive adhesives.
The Asia-Pacific region accounted for the highest share in the market, by revenue in 2015 and is expected to record the highest CAGR during the forecast period. Growth is particularly high in countries such as China and India because of a significant rise in the purchasing power of the population, resulting in the augmented demand for consumer electronics and the rapid growth of the electronics industry.
Some major players in the market include Henkel, H.B. Fuller, Dow Chemicals, 3M, Hitachi Chemicals and Mitsui Chemicals.
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.
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SOURCE Mordor Intelligence