Electronic Adhesives Market by Form, Resin, End-Use Industry, Product Type, and Region Global Forecast to 2029 Maximize Market Research
Pune, 6 December 2022: As per Maximize Market research, a global business research and consultancy firm, the total global market for Electronic Adhesives Market was USD 4.31 Billion in 2021 and is expected to grow at a CAGR of 6.2 % over the forecast period to reach USD 6.97 Billion by 2029.
Electronic Adhesives Market Scope
Historical data, market environment, technological innovation, upcoming technologies, government policy, competitive landscape, and the technical progress in related industries, as well as current market trends, market risks, opportunities, market barriers, and challenges, are all investigated during the research process. The data in the study is gathered using both primary and secondary approaches. Annual reports, press releases, industrial organizations, non-profit organizations, governmental agencies, and customs statistics account for around 25 percent of data sources. The research report incorporates secondary sources, directories, and databases such as Factiva (Dow Jones & Company), Bloomberg Business, Hoovers, Wind Info, Statista, Trading Economics, and Avention, Investing News Network, Federal Reserve Economic Data, annual reports, investor presentations, and SEC filings of companies. The study utilizes an objective and fair approach to conduct an in-depth analysis of the industry’s development trend, giving support and evidence for customer competition analysis, development planning, and investment decision-making.
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Global Electronic Adhesives Market Overview
Adhesives are materials that act as a binder between two surfaces, preventing them from separating. Electronic adhesives are made from raw ingredients such as epoxies, silicones, cyanoacrylates, polyurethanes, and polysulfides. They are a type of electrical component used in the assembly and fabrication of electronic circuits and devices. Furthermore, these adhesives may be utilized as coatings to protect the circuit board from harmful environmental factors like temperature, moisture, fluctuations, and corrosion. They are mainly used in computer and server hardware, communications, consumer electronics, industrial, medical, and automotive applications.
Global Electronic Adhesives Market Dynamics
The rising population and increased per capita income have aided automobile sales by providing convenience and security features through computerized systems. It has increased the opportunities for the growth of the electronics adhesives industry. East Asia and Europe have seen rapid growth in the electronics adhesives market. The growth of the global automobile industry is driving the need for electronic adhesives, which may be seen in anti-theft systems, collision avoidance procedures, machine status displays, power electronic modules, and LED packaging. Intense penetration of electronic gadgets and devices used throughout developed nations is presently fueling market demand.
Electronics markets are well-established in industrialized countries such as the United States, Canada, Germany, the United Kingdom, and France. These are mature markets for electronic adhesives that have practically exhausted the opportunity for further growth, resulting in poor growth prospects. As a result, demand for electronic chemicals and materials has increasingly migrated from North America and Europe to the Asia-Pacific region. One of the key reasons for this trend is that Asia Pacific is considered a growing market for electronic chemicals and materials due to the existence of multiple emerging countries in the region, including China and India.
Global Electronic Adhesives Market Regional Insights
Asia Pacific is a fast-growing market with several opportunities for various industry players. The majority of the big players in North America and Europe want to shift their production base to this region because of the availability of affordable raw materials, low manufacturing costs, and the desire to better serve the local market. The increased need for non-toxic and eco-friendly electronic adhesives in semiconductor & circuit assembly and die-attachment applications has led to an increase in the use of electronic adhesives as a substitute for tin-lead solders in this region.
Global Electronic Adhesives Market Segmentation
By Resin Type:
- Polyurethane (PU)
By Form :
By End Use :
- Consumer Electronics
- Commercial Aviation and Defense
By Product Type:
- Electrically Conductive Adhesives
- Thermally Conductive Adhesives
Global Electronic Adhesives Market Key Competitors are:
- 3M Company
- Emerald Performance Materials
- Meridian Adhesives Group
- BASF SE
- Dymax Corporation
- AVERY DENNISON CORPORATION
- H.B Fuller Company
- Henkel Adhesives Technologies India Pvt. Ltd.
- Henkel AG & Co.
- Ellsworth Adhesives India PTY Limited
- Fuller Company
- Parker Hannifin Corporation
- Kyocera Chemical Corp
- Tesa SE
- Bondline Electronic Adhesives, Inc.
- Creative Materials Inc
- Panacol-Elosol GmbH
- Evonik Industries AG
- Heraeus Holding
- LG Chem
- Hitachi Chemical Co. Ltd
Key questions answered in the Global Electronic Adhesives Market are:
- What are Global Electronic Adhesives?
- What is the growth rate of the Global Electronic Adhesives Market over the forecast period?
- What is the nature of competition in the Global Electronic Adhesives industry in developed economies and developing economies?
- Who are the key players in the Global Electronic Adhesives Market?
- Who are the market leaders in Global Electronic Adhesives in Europe?
- Who are the market leaders in Global Electronic Adhesives in USA and Canada?
- Who are the market leaders in Global Electronic Adhesives in India, China, Japan, and South Korea?
- What are the factors affecting growth in the Global Electronic Adhesives Market?
- Who held the largest market share in the Global Electronic Adhesives Market?
- What are the factors for the growth of the Asia-Pacific region in the Global Electronic Adhesives Market?
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- Market Share, market size, its growth rates & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Resin Type, Form, End Use, Product Type, and Region.
- Competitive Landscape – Top Key players and Other Prominent Vendors
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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