Global Electronic Adhesives Market: Overview
The glue that is primarily used in the electronics is known as electronic adhesives. The applications where these electronic adhesives are used include consumer electronics, automotive, and others. The electronic adhesives are used to fix a defective conductor which is present in the printed circuit board. In the same way, a rear windscreen heater which is defective can also be fixed using an electronic adhesive.
Global Electronic Adhesives Market: Segmentation
The electronic adhesives market is globally segmented into its chemistry, application, type, and filter type. On the basis of chemistry, the global market is segregated into epoxy, acrylic, silicone, polyurethane, and others. Based on the application, the market is categorized into automotive, aerospace, consumer electronics, and others. Depending on the type, the market is divided into anisotropic conductive adhesives and isotropic conductive adhesives. Based on the filler materials, the global market is classified into copper fillers, silver fillers, carbon fillers, and others.
Global Electronic Adhesives Market: Growth Factors
In the recent years, the global electronic adhesives market has grown significantly. The electronic adhesives have replaced the traditional soldering systems owing to the superior thermal and conductive properties. The increasing demand for the compact devices and communication drives has increased the demand for the electronic adhesives. The latest technology of making devices and components that are small in size is expected to fuel the market growth. The PCBs are now being replaced by modules that consist of multiple chips; this is the prime factor that is driving the market. The increase in the growth of the semiconductor industry is also increasing the demand for the electronic adhesives. The increasing investments that are made in the research and development of the microelectronic devices are expected to open up new opportunities in the global market. The factor that hampers the market growth is the high cost that is involved in the installation, packaging, and laminating the product.
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Global Electronic Adhesives Market: Regional Analysis
Region-wise, the global electronic adhesives market is diversified into Asia Pacific, North America, Europe, and Rest of the World. The largest regional consumer of the electronic adhesives market is Asia Pacific. The factor that contributes to the market growth is the increase in the production of conformal coatings and surface mount devices. The increase in the growth of the electronic sector will also contribute to the market growth. The emerging countries such as India, Taiwan, South Korea, and China dominate the electronic adhesives market. The electronic adhesives market in the European region is also growing but North America and the Middle East and Africa regions are having a stagnant market growth. Owing to the initiatives taken by the government to improve their electronics sector the electronic adhesives market is growing in the regions such as Central and South America.
Global Electronic Adhesives Market: Competitive Players
The major market players in the electronic adhesives market include 3M Company, Evonik Industries AG, Henkel AG & Co KGaA, H.B. Fuller Company, Dymax Corporation, and Dow Corning.