The global electronic adhesives
market is expected to reach USD 7.80 billion by 2022, according to a new report
by Grand View Research, Inc. Electronic adhesives have enhanced intrinsic
conductive and thermal properties which enable them to substitute soldering
systems. Increasing significance of compact devices including flash drives,
CDs, and communication drives is expected to drive demand over the forecast
period.
Shift in trend toward
miniaturization of electronic components has created need for these adhesives.
Replacement of PCBs with multi-chip modules has also prompted product demand.
PCBs are laminated plastic boards that utilized these adhesives in
surface-mount components, bonding conformal coatings, wire tacking and
encapsulating components. High installation costs for laminating &
packaging machinery and product assembly are expected to remain key challenges
for industry participants.
Electrically conductive
adhesives emerged as the largest product segment and accounted for over 40% of
total market volume in 2014. The segment is expected to gain share over next
seven years on account of high demand across key end-use industries including
automotive, building & construction and medical. UV curing adhesives market
is expected to witness significant gains over the forecast period on account of
their increasing penetration across medical industry.
In depth research report on Electronic Adhesives Market
Further key findings from the report suggest:
•
Global electronic adhesives
market demand was 1,103.3 kilo tons in 2014 and is expected to grow at a CAGR
of 10.6% from 2015 to 2022.
•
Surface-mount devices were the
leading application segment and accounted for over 40% of the total market
volume in 2014. The segment is also expected to witness most significant growth
in its market size owing to significant development in chip-bonding and
replacement of conventional PCBs with these components in key applications such
as mother boards, processors, and flash drives.
•
Asia Pacific was the largest
regional market and accounted for over 50% of global demand in 2014. Large
scale conformal coatings and surface mount devices manufacturing may be
attributed to market size. This trend is expected to continue over the next
seven years on account of rapid expansion of electronics industry in China,
India, Taiwan and South Korea.
•
China and India emerged as
major markets both in terms of production and consumption. Favorable government
initiatives such as “Make in India” have created significant avenues for future
investments in terms of FDI for enhancing production capabilities within the
region.
•
Major companies with global
electronic adhesives market share include Henkel AG & Co, Dow Chemicals and
Hitachi Chemicals, HB Fuller, Kyocera Chemical Corp, 3M Company, Mitsui
Chemicals LG Chemical Limited, and Indium Corporation.
Grand View Research has
segmented the electronic adhesives market on the basis of product, application
and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2022)
•
Thermal conductive
•
Electrically conductive
•
UV curing
•
Others
Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2012 - 2022)
•
Surface mount devices
•
Potting & encapsulation
•
Conformal coatings
•
Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2022)
•
North America
o
U.S.
•
Europe
o
Germany
o
Italy
o
France
•
Asia Pacific
o
China
o
India
o
Japan
•
Central & South America
•
Middle East & Africa
Browse more research reports of this category:
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
No comments:
Post a Comment