Synopsis of Adhesives & Sealants Market for Handheld Devices:
In general, adhesives & sealants can be defines as substance used for holding and attaching at least two surfaces. Adhesives are most commonly used to bond two surfaces together in a strong and permanent manner, whereas, sealants are mostly used to fill the gap left after joining by adhesives. Thus, giving a protective coating hence restricting the entry of foreign particles. Both adhesives and sealants are core to the manufacturing and assembling of portable electronic devices viz., mobile phones & tablets, laptops, and storage devices among other devices. Adhesives are widely used as a bonding agent while manufacturing and assembling of electronic components such as touch screens, camera lenses, drives, connectors and PCB among others into the latter mentioned handheld devices. Similarly, sealants acts as a permanent seal or enclosure by filling the gaps. Based on technology and types, different types of adhesives and sealants are used in manufacturing of handheld devices. For instance, commonly hot melt adhesives are preferred owing to its extensive properties such as improved dispensability and reworkability among others. Likewise, commonly used sealants includes silicone and urethanes.
As per analysis, some of the market impetus factors and trends identified in the global adhesives & sealants market for handheld devices market includes penetration of smartphones and tablets, rising popularity of gaming laptops & detachable laptops and the growth of consumer electronics market among other factors. Furthermore, rise in disposable income and increased consumer spending on leisure products and white goods is expected to foster growth of global adhesives & sealants market for handheld devices market. For instance, the demand for consumer electronics have witnessed significant growth in the developing markets and consumers tend to spend significant amount on different types of electronic devices such as, smartphones, computers, and other consumer electronics. Furthermore, trends such as emerging electronic device assembly hub in Southeast Asian nations and Significant FDI in the ASEAN region from developed nations among other trends is expected to offer lucrative opportunities for the market. According to MRFR analysis, cumulatively the global adhesives & sealants market for handheld devices was valued at USD 4,882.6 million in 2016 and is expected to be valued at USD 7,946.8 million by the end of 2023, expanding at a CAGR of 7.21%.
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Geographically, Asia Pacific region is the largest market for adhesives and sealants for handheld devices and accounts for more than 50% of the volume share in the global market, with a strong footprint of global adhesive and sealant manufacturers along with the emerging electronics market in the region are some of the market impetus factors fostering growth of adhesive and sealants market for handheld devices in the region. Moreover, the factors such as rapid urbanization and increasing spending on white goods in the developing markets is expected to boost the demand for adhesive and sealants for handheld devices. In Asia-Pacific, market growth is offered by the Southeast Asian countries, owing to its emergence as the electronic device assembly hub along with the huge production base for various electronic devices such as mobile phones, laptops, and storage devices.
Based on revenue, Europe market accounts for the second-largest market share for adhesives & sealants for handheld devices, primarily owing to the presence of leading manufacturers in the region with superior product offering in the region, which is followed by North America market.
The global adhesives & sealants market for handheld devices is segmented on the basis of adhesive types, sealant types, application and region. On the basis of adhesive type, global adhesives & sealants market for handheld devices is segmented into hot melt adhesives, pressure sensitive adhesives, waterborne adhesives, and solvent borne adhesives among others. Based on sealant types the market is segmented into— silicone sealants, polyurethane sealants, acrylic latex sealants, epoxy sealants, and butyl sealants among others. Based on application, the global adhesives & sealants market for handheld devices is segmented into— mobiles & tablets, laptops, hard disc drives, and medical devices among others.
Key players of the global adhesives & sealants market for handheld devices are Henkel AG & Co. KGaA, 3M, Dow Corning Corporation, H.B. Fuller, Novachem Corporation and Permabond among others.
Global Adhesives & Sealants Market for Handheld Devices is projected to reach USD 7,946.8 million by the end of 2023, expanding at a CAGR of 7.21%. Asia Pacific to account for largest share due to growing application industries in this region. Adhesives & sealants market for handheld devices is a semi-fragmented market, however, tier1 manufacturers dominate the market. Asia Pacific is the largest producer and consumer of adhesives and sealants for handheld devices, Asia-Pacific accounted for more than half of the overall adhesives & sealants market for handheld devices. New product development and expansion of major players to the emerging markets are some of the noted trends in the global market.
- Adhesive & Sealants manufacturers
- Traders and distributors of Adhesive & Sealants
- Adhesive & Sealants Associations
- Potential investors
- Raw material suppliers
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The report covers brief analysis of geographical region such as:
- Rest of Europe
- Rest of Asia Pacific
Middle East & Africa
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