Global Electronic Adhesives Market Report 2023: Rising Demand for Electronic Devices and Equipment Drives Growth
Thursday, July 13, 2023
DUBLIN, July 5, 2023 /PRNewswire/ -- The "Electronic Adhesives Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
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The global electronic adhesives market is anticipated to observe impressive growth during the forecast period 2023-2027.
The major factors include the growing demand for electric components in different industries and the development of technologies supporting the growth of the market. Electronic adhesives are basically a binder which is used to integrate electronic components due to their high bond strength.
They are widely used in the industrial, consumer, computers and servers, medical field, and automotive sectors. The other factors supporting the market's growth are the growing electronic industry, the rising popularity of medical gadgets and wearables, extensive R&D activities, increasing investments by key market players, and growing demands for electric vehicles. Also, the rising adoption of collaborations and product launches is driving the growth of the market.
Rising Demand for Electronic Devices and equipment
The growing use of electronic devices and equipment in various industry verticals, such as automotive, medical devices, aviation, industrial machinery, consumer electronics, and others, is bolstering the growth of the market globally. Miniaturization of electronic components is one of the foremost factors for the growth.
Moreover, owing to the extensive use of electronics in the automotive sector, such as airbags, anti-lock braking systems, satellite radio, automatic parking, in-vehicle entertainment systems, heads-up display, navigational systems, tire pressure monitors, and others, the surge in demand for electronic adhesive is driving the growth of the market.
According to the OICA, in 2021, the collective vehicle production across China, Japan, and India was more than 38.5 million. The rising popularity of medical devices and wearables is augmenting the growth of the market.
Furthermore, the growing demand for integrated circuits and cutting-edge technologies across the world is likely to bolster the growth of the electronic adhesive market.
Technological Advancements Support the Market
Technological advancement and innovations in electronic adhesives are fueling the growth of the market. The increasing adoption of new innovative technologies, such as IoT devices, next-generation wireless 5G infrastructure networks, and others, are facilitating the growth of the market.
The developments are helping to improve the performance criteria of adhesives to bear the high-performance conditions and deliver adequate results.
Increasing Collaborations and Product Launching
Several collaborations and product launching between market players are facilitating the growth of the market. For instance, in 2021, Henkel Adhesive Technologies, along with Quad Industries, collaborated to provide support for technological value creation and prototyping solutions for printed electronics around multiple end-use businesses.
Similarly, in 2022, Indium Corporation announced the launch of a new adhesive solution named InTACK at PCIM Europe, which is intended for semiconductor functions.
Companies Mentioned
-- Henkel AG
-- 3M Company
-- Arkema SA
-- Parker Hannifin Corporation
-- H.B. Fuller Company
-- Master Bond Inc.
-- Threebond Co., Ltd.
-- Panacol-Elsol GMBH
-- Meridian Adhesives Group
-- Sika AG
Market Segmentation
by Resin Type:
-- Epoxy
-- Silicone
-- Polyurethane
-- Acrylic
-- Others
by Form:
-- Liquid
-- Paste
-- Solid
by Product Type:
-- Electrically Conductive Adhesives
-- Thermally Conductive Adhesives
-- Others
by End User:
-- Consumer Electronics
-- Medical
-- Industrial
-- Transportation
-- Aerospace & Defense
-- Others
by Region:
-- North America
-- United States
-- Canada
-- Mexico
-- Asia-Pacific
-- China
-- India
-- Japan
-- Australia
-- South Korea
-- Europe & CIS
-- Germany
-- France
-- United Kingdom
-- Spain
-- Italy
-- South America
-- Brazil
-- Argentina
-- Colombia
-- Middle East & Africa
-- South Africa
-- Saudi Arabia
-- UAE
For more information about this report visit https://www.researchandmarkets.com/r/8l8k9j
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