Electronics Adhesives Market – Market Overview
An adhesive is generally used to bind things together, whereas, Electronic Adhesives used in the manufacturing and assembling of electronic products. The demand for electronic adhesives is directly proportional to the growth of electronics industry. The overall application scope of the electronic adhesives includes printing circuit board, semiconductor & IC and the availability of these adhesives in the liquid, solid and in the paste form has driving the demand. Japan is the world’s largest electronic manufacturing economy and also a most promising consumer of the same followed by some of the potential economies such as Taiwan. Growing industrialization and urbanization across the globe and in the developing economies is expected to further support the growth. Moreover, rising automotive sector is also considered as the emerging industry supporting the demand for electronic adhesives.
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Asia Pacific single handily dominated the Global Electronic Adhesives Markets with largest global market share. The region has the dynamic country level markets such as japan, China and India which collectively acquired more than 90% of the regional share in APAC Japan I the most dynamic ‘country for the production of electronic goods (i.e products) and has largest electronic industry manufacturing bases across the globe. This factor has availed the demand for Electronic Adhesives to this region over other regions and has made largest shareholder in the global market. Despite Japan’s contribution, Asia Pacific has a proximity of global manufacturing hub i.e.; China, cheap labour cost, raw material abundance, and investment by the market players. These factors are playing important rile I the growing demand of the Electronic Adhesives in this region.
Electronics Adhesives Coatings Market- Competitive Landscape
For the years, Global Electrics Adhesives Market is growing at a moderate growth and is expected to further grow in a similar trend over the forecast period. The degree of competition observed among the industry participants is shifting from moderate to high and is expected to get even higher due to rising demand by core consumer base. The major industry players operating in this market are 3M Company, Alent PLC, BASF SE, H.B. Fuller Company, Henkel AG & Co. KGaA, Indium Corporation, LG Chemical Limited, Mitsui Chemicals, Hitachi Chemicals Company Limited, The Dow Chemicals Company, and Kyocera Chemical Corporation. Most of the companies working in the global markets are Tier-1 companies and are focusing on the market association activities to penetrate in the established as well as untapped markets.
Industry/ Innovation/ Related News:
Jan 30, 2017 – HB Fuller has announce the acquisition of the Wisdom Worldwide Adhesives, The Company has been providing adhesive in packaging, assembly and paper converting markets and is being acquired by HB fuller. This acquisition will strengthen the market flagship of HB Fuller in the American markets. As per industry experts, the combination of Wisdom and HB Fuller may provide significant cost synergy opportunities related to the adhesives operating model.
July 4, 2017 – Darex Packaging Technologies is acquired by the Henkal AG. The acquisition activity is a part of Henkal’s strategic alignment and is done to further strengthen adhesive technologies as well as complement technology product portfolio. The acquisition transaction has been undertaken by exchanging overall price of USD 1,050 million. With this acquisition, Henkal to have an added benefit of Darex Packaging’s market expertise and together offer innovative product offering in the electronic adhesives market.
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