Electronic Adhesives Market – Overview
The electronic adhesives are used in printing circuit boards, which are then used in many applications such as automotive, medical devices, cell phones, computer storage, and aerospace among others. The growing demand from the developing region across the globe are the major factors driving the global market for electronic adhesive. The growing government investments in the development of electronic sector coupled with the augmenting investment in the retail sector are other factors contributing to the growth of the market. Among the various application, printing circuit boards are the dominant segment and are expected to show the same trend during the forecast years. The growing demand for printing circuit boards from applications such as wire tracking, chip bonding, and potting among others is contributing substantially to the growth of the segment.
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- 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
- Kyocera Chemical Corporation
Industry/ Innovation/ Related News:
March 2016 – Electronics manufacturer The Morey Corporation (Morey) is working with Henkel Adhesive Technologies for more than 35 years. The launch of the innovative Loctite GC 10 solder paste helped further strengthening the partnership between these two companies. Morey supports leading electronic OEMs by delivering electronics design, manufacturing and life cycle solutions to bring innovations to dynamic and demanding markets. Therefore the company utilize a tailor-made package of fifteen solutions from Henkel’s comprehensive portfolio. This partnership agreement would fuel the demand of electronic adhesive market.
October 2017 – With Smartphone shipments worldwide projected to reach over 1.71 billion by 2020, Tesa UK is continuing to create and innovate the latest technology required to support electronic device manufacturers. Tesa has been a world leading exponent of adhesive tape development for 75 years and is currently at the forefront of developing and producing adhesive solutions for use in electronic devices. This innovation strategy would definitely fuel the electronic adhesive market.
December 2016 – DELO, one of the world’s leading manufacturers of industrial adhesives for automotive, consumer and industrial electronics applications, introduced an electronic adhesive that is easy-to-handle and ideal for use on high separating walls between sensors that have little space width and chip encapsulation. DELOMONOPOX GE7985 is designed for automotive and industrial applications where high reliability is required in combination with miniaturized designs. The product launch strategy of the company would propel the electronic adhesive market.
May 2016 – Techsil announced an agreement to supply M.G. Chemicals’ high performance range of adhesives, coatings sealants, cleaners and soldering supplies. Specifically designed for electronics production and design, the range includes some of this industry’s most popular products such as thermally and electrically conductive epoxy adhesives, thermal management compounds, conductive and conformal coatings, high temperature epoxies. The agreement would boost the annual growth of electronic adhesives in North America region.
The global electronic adhesives market is segmented into form, type, and application. On the basis of the form, the market is segmented into liquid electronic adhesive, solid electronic adhesive, and paste electronic adhesive. On the basis of the type, the global electronic adhesives market is segregated into electrically conducive, thermally conducive, UV curing, and others. On the basis of the application, the market is further segmented into printed circuit boards, semiconductor and the integrated circuit, and others.
Electronic Adhesives Market:
Regionally, Asia Pacific region accounted largest market share in the global electronic adhesive market and expected to dominate during the forecast period due to economic trends in the region. In the Chinese domestic marketplace, consumer behavior, and developments to product technology and delivery systems have all merged to shape the electronic adhesives market. The electronic adhesive manufacturers in China is mostly comprises of small manufacturers and some of the prominent manufacturers. Over 185 suppliers are active in China’s hot melt and electronic adhesive industry, majority of which are privately owned Chinese companies. Out of these, 54% of total revenues are earned by 18 large-sized suppliers and remaining 46% is earned by 132 small-sized companies and 35 medium-sized companies. Some of the major supplier in the Chinese electronic adhesive market include Henkel, H.B. Fuller, Bostik, Tex Year Fine Chemical, Zhongshan CherngTay, and 3M China.
The electronic adhesives market is segmented across five regions: North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be a dominant market with an encouraging CAGR during the forecast period. The rapid industrialization and urbanization are fuelling the growth of the electronic adhesives in the developing countries of Asia Pacific. Moreover, the favorable government regulation has augmented the production of electronics in India, China, and Japan, which, in turn, is positively driving the electronic adhesives market in the region. Furthermore, the increasing purchasing power of the population coupled with the developing retail sector has further boosted the market growth.
North America is another dominant region in the Electronic Adhesives Market. The developed electrical and electronic sector and the growing export of electronic goods mainly from the U.S. are expected to fuel the electronic adhesives market growth in this region. Europe is a lucrative market and its growth is mainly driven by the developed electrical & electronics and automobile sector. Moreover, the growing application of electronic adhesives in the printing circuit boards of the automobiles is also positively impacting the market growth. Germany, Spain, and Italy are key countries contributing to the growth of the market.
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