Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the electronic adhesives market provides an in-depth analysis of segments and sub-segments in the global as well as regional electronic adhesives market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional electronic adhesives market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global electronic adhesives market. According to the report, the global electronic adhesives market is projected to grow at a CAGR of about 7% over the forecast period of 2022-2028.
The global electronics adhesives market value in 2022 was over more than USD 4 billion and is expected to reach over USD 6 billion in 2028 and is expected to be growing with a CAGR of about 7% during the forecast period. Electronic adhesives play an important role in fabricating electronic goods, preferably used in the production and assembly of a range of electronics products. Electronic adhesives are widely used to manufacture high-performance electronic devices that are used in network solutions. Moreover, the favorable thermal and conductive properties of electronic adhesive have replaced the traditional soldering systems. There are three major types of electronic adhesives electrically conductive, thermally conductive, and UV curing. These adhesives are extensively adopted for applications such as surface-mount devices (SMDs), conformal coatings, potting and encapsulation, and others.
COVID-19 was an incomparable global public health emergency that has affected almost every industry and is projected to impact this various industry growth during the forecast period. During the Covid-19, pandemic people were compelled to stay in their homes. The governments of many countries in the world turned their focus to healthcare from other industries. This significantly disrupted their supply chain operations and manufacturing as lockdowns were imposed by the respective governments. Manufacturing facilities were all shut down due to the pandemic in almost every country across the globe. Logistical restrictions, manpower shortage, material unavailability, and other restrictions had reduced the growth of the industry. The pandemic has affected the normal production of companies. The COVID-19 pandemic has created instability in the electronic adhesives market across the globe.
The global electronic adhesives market is majorly driven by changing lifestyles, increasing the adoption of compact electronic and communication devices, and an increase in the usage of imaging sensors in consumer electronics. Moreover, rapid growth in application industries in emerging countries such as South Korea, China, and India coupled with steady growth in matured markets propel the demand for electronic adhesives. Improving economic conditions and growing disposable income of consumers in developing economies are driving the growth of end-use industries, which further boosts the electronic adhesive market. However, volatility in raw material prices and the high cost of installation are some of the restraining factors that are likely to affect the growth of the electronic adhesive market. Furthermore, a rising focus on R&D activities regarding microelectronic devices, as well as extensive use of automated appliances, will offer more opportunities to the electronic adhesives market over the forecast period.
The report provides a regional outlook covering geographies such as North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to dominate the electronic adhesives market during the forecast years. China is rapidly emerging as one of the highest producers and consumers of electronic adhesives due to the presence of large scale domestic electronic manufacturing industry. Factors, like increasing urbanization, and growing connectivity, combined with the usage of advanced technology in the manufacturing of safety technologies and infotainment systems, are boosting the demand for printed circuit boards. The Indian government initiative "Make in India" has been attracting foreign direct investments to the electronics sector, this, in turn, has led to a boost in the electronics manufacturing services industry in the country. The Atmanirbhar initiative also emphasizes making India a global consumer electronics manufacturing hub. For instance, in February 2021, Amazon India announced to commence electronic device manufacturing in India, which is likely to boost the electronic adhesives demand in the country.
The report on the global electronic adhesives market covers segments such as resin type, product type, application, and end-user. On the basis of resin type, the sub-markets include epoxy, silicone, acrylic, polyurethane, and others. On the basis of product type, the sub-markets include thermal conductive, electrically conductive, ultraviolet curing, and others. On the basis of application, the sub-markets include surface mounting, potting & encapsulation, conformal coating, and others. On the basis of end-user, the sub-markets include computers & servers, communications, consumer electronics, industrial, medical, automotive, and others.
The report provides profiles of the companies in the market such as BASF SE, The Dow Chemicals Company, Henkel Ag & Co. KGaA, Alent Plc, KYOCERA Chemical Corporation, Hitachi Chemical Co., Ltd., H.B. Fuller, LG Chem Ltd., Dymax Corporation, and 3M Company.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing or
new market players can consider. The report provides insights into the market
using analytical tools such as Porter's five forces analysis and DRO analysis
of the electronic adhesives market. Moreover, the study highlights current market
trends and provides forecasts from 2022-2028. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.
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