Electronic Adhesives Market Analysis
The global electronic adhesives market demand, in terms of volume, is estimated to reach 1,800 KT by 2019. The electronic adhesives are used in the manufacture and assembly of electronic components and products. They are mostly used in bonding the surface-mount components, wire tacking, and encapsulating components. The printed circuit boards (PCB) also use adhesive materials as conformal coatings. The most popular chemistries used in electronic adhesives are epoxies, silicones, polyurethanes, polysulfides, and cyanoacrylates.
The electronic adhesives market is anticipated to show high growth rate in the coming years. The market is technology-driven and there will be investments for the development of new technology and products. The electronic adhesives market is a part of electronic chemicals and materials industry, which is moving towards consolidation as the major electronic chemicals and materials companies are acquiring other local and foreign players.
Currently, the electronic adhesives market is mainly concentrated in the Asia-Pacific region, followed by North America and Europe. The market in Asia-Pacific is estimated to grow at a high rate in the future.
The companies offering electronic adhesives are mainly involved in acquisitions. They rigorously follow the acquisition strategy to strengthen their position in the electronic adhesives market. The acquired player is sometimes a small player in a new market or a player with high technical expertise. In some cases, the companies have also acquired a relevant product line from another company.
Expansion and new product development were the next preferred growth strategies that accounted for 20% each of the total share of development activities undertaken by electronic adhesives participants. Expansion is preferred mostly by the first tier companies.
The report analyzes the market on the basis of material types, penetration of electronic adhesives in important regions, and every important end-user market. It also covers the market behaviour of leading producers, key developments, and strategies implemented to sustain and increase the market shares of the companies.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site. View the report: Electronic Adhesives Market by Type, Form, Application and Geography – Regional Trends & Forecast to 2019.