Future Market Insights
(FMI) announces the release of its latest report titled, “Electronics Adhesives Market: Global Industry Analysis and Opportunity
Assessment, 2015 - 2020”. According to the report, the global electronics
adhesives market was valued at US$ 3.23 Bn in 2014 and is expected to reach US$
6.40 Bn by 2020, registering a compound annual growth rate of 12.1% through the
forecast period.
Market Segments
The global electronics
adhesives market can be segmented on the basis of material,
product,applications, and region.
On the basis of material type, the global electronics
adhesives market is segmented into polyurethanes, epoxies, silicones, acrylics,
and others. Among all, acrylic segment is forecasted to witness a highest
CAGR of around 20% owing to their impressive performance characteristics which
helps engineers to lower the total cost of equipment and reduce the time
consuming procedures.
By product type, the global electronics adhesives market is
segmented into electrically conductive, thermally conductive, ultraviolet
curing, and others. Among these, electrically conductive adhesives segment is
projected to account for more than 40% market share of the total market by
2020,registering a healthy CAGR of 16.7% during the forecast period.
Application-wise, the global electronics adhesives market is
segmented into surface mounting, wire tacking, encapsulation, and conformal
coating. Among all the aforesaid applications, surface mounting segment is
estimated to expand at an effective CAGR of 14.4% during the forecast period.
Moreover, surface mounting and conformal coating segment together are expected
to account for approximately 60% market share of the global electronics
adhesives market through 2020.
Browse Full " Electronics Adhesives Market: Global Industry Analysis and Opportunity Assessment, 2015 - 2020" Report at http://www.futuremarketinsights.com/reports/details/electronics-adhesives-market
Region-wise, Asia Pacific is anticipated to witness a robust
CAGR of around 12% during the forecast period owing to increasing dominance of
south East Asian countries such as China, Japan, South Korea, and India in the
production electronic components. The growth of the Asia pacific region in the
global electronics adhesives market will be followed by Europe, Middle East,
and North Africa between 2014 and 2020.
Drivers and
Restraints
Increasing usage of electronic components across various
applications such as in imaging devices, automotive applications, aircrafts
etc. is the key growth driver of the global electronics adhesives market.
Increasing use of connected devices and miniaturization of electronic gadget ssuch
as mobiles and PC will further fuel the growth of the global electronics
adhesives market. Changing lifestyle, growing population, and rising disposable
income are resulting in increased consumption of automated appliances are the
other drivers of the global electronics adhesives market.
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On the other Hand, volatility in feed stock price, and
government regulations about limiting VOC emissions are projected to poise a
great threat to global electronics adhesives market in the near future. Primary
materials used in manufacturing of electronics adhesives such as polyurethane
are mainly petroleum based and hence are very sensitive to prices fluctuations
of crude oil.
Competitive landscape
Key players in the global electronics adhesive market include
3M Company, HenkelAG & Company, Dymax Corporation, Dow Corning Corporation,
Huntsman Corporation, and H. B.Fuller Company.
Key focus of the major players in the global electronics adhesives
market is on offering customized solutions to the client to meet their dynamic
requirements and backward integration for easy and quality supply of raw
material during the forecast period.
About Us
Future Market
Insights (FMI) is a leading market intelligence and consulting firm. We
deliver syndicated research reports, custom research reports and consulting
services which are personalized in nature. FMI delivers a complete packaged
solution, which combines current market intelligence, statistical anecdotes,
technology inputs, valuable growth insights and an aerial view of the
competitive framework and future market trends.
Our research services cover global as well as regional
emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad
spectrum of industries including Chemicals, Materials, Energy, Technology,
Healthcare and Retail. FMI’s operating model blends cross-disciplinary research
experience to deploy in-depth, insightful and actionable research.
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