Electronic Adhesives Market By Form (Liquid, Paste, Solid), By Application (Printed Circuit Board, Semiconductor & IC), By Type (Electrically Conductive, Thermally Conductive, UV Curing) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

The global electronic adhesives market was valued at USD 4.69 billion in 2016. Electronic adhesives market is mainly driven by the increasing trend of miniaturization of mobile phones and tablets, which led to the increasing demand of smaller components; hence, resulted in growth of electronic adhesives market. These adhesives are majorly used in the manufacturing and assembly of electronic circuits and products. Resins used in manufacturing of electronic adhesives helps to enhance the functionality of the electronic adhesives.

In terms of form, Liquid form accounted 70% market share in year 2016 of the global market in terms of revenue and projected to maintain its dominance throughout the forecast period 2017 to 2025. However, solid form adhesives is anticipated to be the fastest growing segment during the forecast period 2017 to 2025.

By type, in year 2016 electrically conductive accounted for the largest share of around 50% in the global market in terms of revenue. Electrically conductive adhesives possess some superior properties such as shock absorption, moisture resistance, and chemical resistance. UV curing is projected to exhibit the fastest growth during the forecast period owing to properties such as better scratch and abrasion resistance, high bond strength and environment friendly nature.

In 2016, PCB application accounted for the largest share in terms of value. It is also projected to grow at a CAGR of 10.5% during the forecast period of 2017 to 2025. Rising demand from conformal coatings and bonding industries in Asia-Pacific and the Middle East & Africa region, resulted in increased demand of PCB in these region.

In 2016, the electronic adhesives market by region was dominated by the Asia-Pacific accounting more than 60% of the market share. Asia-Pacific was followed by the North America and Europe. High economic growth rate, growing manufacturing industries, cheap labor, increasing electronic adhesives patents, expansion, and global shift of consumption and production capacity from the developed markets to the emerging markets are few factors leading to the growth of Asia-Pacific electronic adhesives market.

The companies such as Alent Plc (U.K.), BASF SE (Germany), The DOW Chemical Co. (U.S.), H.B. Fuller (U.S.), and Henkel AG & Co., KgaA (Germany) are the dominant market players in the global electronic adhesives market. Players present in the market has the diverse product portfolio, strategically positioned R&D centers, and continuous technological advancement which helps them to strengthen their market position in the electronic adhesives market.

The report titled “Global Electronic Adhesives Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global electronic adhesives market along with the market size and estimates for the duration 2017 to 2025. The said research study covers in-depth analysis of multiple market segments based on type, form, application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading electronic adhesives manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the electronic adhesives industry
• Market drivers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2015 – 2016)
• SRC (Segment-Region-Country) Analysis
•  

Overall, the research study provides a holistic view of the global electronic adhesives market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

For the purpose of this study, the global electronic adhesives market by application is categorized into:

• Printed Circuit Board
• Semiconductor & IC
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The semiconductor & IC application is projected to exhibit the fastest growth between the 2017 and 2025. Increasing demand from IC packaging, die attach, substrate bonding, and encapsulates are key factors driving the semiconductor & IC in the electronic adhesives application market.

Printed circuit board constitute for majority share of electronic adhesives application market in 2016. The increasing demand for electronic adhesives from the encapsulation and electronic industry, increasing R&D activities, circuit molding industries has led to the growth of electronic adhesives in PCB industry. Whereas, the increasing trend of miniaturization and automation of mobile phones, tablets and so on, and IC packaging applications are the factors which are leading to rising demand of electronic adhesives in the semiconductor & IC industry.

On the basis of geography, the global electronic adhesives market is segmented as per following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Rest of Europe
• Asia Pacific
  • China
  • Taiwan
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • Africa
  • Rest of Middle East & Africa
  •  

Asia-Pacific is projected to exhibit the fastest growth due to the presence of technologically advanced and emerging economies such as China, Japan, India and Taiwan. The growth is mainly due to the expanding electronic industry and extensive patent activities adopted by major established players along with various expansion activities for the development of electronic adhesives and its potential applications. 

Asia-Pacific is also the largest market with a market share of approximately 60.0%, in terms of value, in 2016. In the same year Asia-Pacific was followed by North America in terms of market revenue. The North American market has considerable market demand and production capacity for electronic adhesives. North America has the technological dominance in terms of consumer electronics. The increasing expansion and merger & acquisition activities adopted by key participants drive the growth of electronic adhesives in North America.