According to Technavio’s latest market research study, the global electronic adhesives market is expected to grow at a CAGR of over 10% during the forecast period 2017-2021.
This report by Technavio provides an in-depth analysis of the global electronic adhesives market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
|
PRODUCT TYPE |
MARKET SHARE 2015 (%) |
|
Electrically conductive adhesives |
40% |
|
Thermally conductive adhesives |
35% |
|
UV curing adhesives |
15% |
|
Others |
10% |
Source: Technavio
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The top three revenue contributing product segments are discussed below
Global electronic adhesives market for electrically conductive adhesives: The growth of the global electronic adhesives market for electrically conductive adhesives is attributable to the increased demand for applications such as bonding heat-sensitive electronic components and bonding glass, plastics, or soft metals. Electrically conductive adhesives are expected to be the largest revenue generating segment of the global market for electronic adhesives during the forecast period.
“The global market for electronic adhesives is characterized by the presence of both, local and international players who are focusing on the expansion of product lines and technological capabilities,” says Ajay Adhikari, a lead analyst at Technavio for research on additives, adhesives, and sealants.
Global electronic adhesives market for thermally conductive adhesives: Thermally conductive adhesives are primarily used in electronic applications owing to its superior heat dissipation. Epoxy, silicone, and acrylics are the most commonly used thermally conductive systems for formulation.
Global electronic adhesives market for UV curing adhesives: UV curing adhesives are commonly used in the electronics manufacturing industry. These adhesives are typically acrylic-based formulations and consist of photoinitiators that are activated by UV rays. The demand for UV curing adhesives is likely to undergo an upsurge during the forecast period owing to their increased application in conformal coatings, encapsulation, bonding, keypad coatings, masking, thermal management, lamination, and display bonding.
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The top vendors operating in the global electronic adhesives market are:
- 3M
- Dow Corning
- Evonik Industries
- H.B. Fuller
- Henkel
Other prominent vendors in the market include Dymax, Hitachi Chemical, Indium, KYOCERA Chemical, and Royal Adhesives & Sealants.
A more detailed analysis is available in the Technavio report titled, ‘Global Electronic Adhesives Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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