02 May 2020
Visiongain has launched a new report Electronic Adhesives Market Report 2020-2030: Forecasts by Form (Liquid, Paste, Solid), by Type (Electrically Conductive, Thermally Conductive, UV Curing, Others), by Application (Printed Circuit Board, Semiconductor & IC), by Resin (Epoxy, Acrylic, Silicones, Polyurethane and Others), by Region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa). Plus Analysis of Leading Companies.
Owing to many advances and growing sales of consumer electronics goods, the growth of the electrical & electronics industry is boosting demand for adhesives. The electrical & electronics sector is experiencing significant changes due to increased production capacity and ongoing R&D investment. In addition, the market is currently experiencing a rising demand for electrical & electronic devices in both developed and developing economies. The development of various products and equipment is supported by low operations and labor costs for manufacturing, especially in China.
Medical devices and wearables are growing in popularity at a rapid rate. Increased adhesive requirements for bonding different assemblies in medical devices are expected to boost market growth over the forecast period. Acrylic electrical & electronics adhesives have performance characteristics that help lower the overall cost of the equipment and reduce time-consuming electrical & electronics manufacturing processes. Adhesives have replaced numerous fastening devices in the medical industry over the last few years. In various applications products such as pressure-sensitive, structural, and non-structural adhesives are used.
Rising demand for adhesives from printed circuit boards (PCBs) drives the industry most. For bonding purposes, applications such as wire tracking, potting & encapsulation of components, conformal circuit board coatings, and bonding of surface mount components involve various product types such as adhesives. A large number of adhesive products are needed for increased demand for computers, laptops, smartphones, household appliances, industrial & power equipment, control & navigation systems, and aerospace monitoring & testing equipment. Rising demand for these items over the forecast period would likely help the market for electrical & electronics adhesives.
The electronic devices market is growing both in developed and developing regions such as North America and Asia-Pacific driving the demand for electronic adhesives. These adhesives are available in different types, such as electrically conductive, thermally conductive, UV curing, and others. Electronic adhesives are non-toxic, eco-friendly adhesives used as a substitute of lead solders in the electronic assembly and semiconductor industry. The global electronic adhesives market is growing owing to rising demand for advanced and sophisticated electronic devices. Electrical conductivity is the most common and dominant type, followed by thermal conductivity. These adhesives are used in three major forms, liquid, paste, and solid. The liquid form is the most preferred of electronic adhesives in the electronic & semiconductor industry.
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