Summary
Global Acrylic Adhesives in electronics Market-Segmented by Product Type , Application and Geography-Trends and Forecasts ( 2017-2022 )
Description
Global acrylic adhesives in electronics market is currently valued at USD 1177.98 million in 2015 and is expected to reach USD 1875.7 million by 2020 showing a compound annual growth rate of 9.7 %. The growing demand for electronic adhesives in the Asia-Pacific region is the major driving factor of the market .
Asia-Pacific has the largest market for acrylic adhesives , followed by North America and Europe . The Asia-Pacific region is expected to continue its leading position and dominate the market by 2020 , with advanced technological developments in the electronic adhesives market for end-users . Among these regions , the growth of the Acrylic Adhesives market will be phenomenal in Asia Pacific . The growth of the market in Asia Pacific will mainly be concentrated in China , India , Japan , and South Korea .
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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 .
The UV-curing adhesives are expected to experience the fastest growth in the coming years . However , electrically conductive and thermal conductive adhesives are the leaders and act as an alternative to tinlead solders . The longstanding trend toward miniaturization of electronics components has resulted in more use of adhesives for fastening . In addition , as the use of electronics grows in the automotive sector , the demand for adhesives in automotive electronics is also growing . Overall , advances in technology and implementation of tighter safety standards are expected to grow the electronic adhesives market .
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Volatility in feed stock price and government regulations about limiting VOC emissions are projected to poise a great threat to global Acrylic Adhesives market in the near future . Primary materials used in manufacturing of Acrylic Adhesives such as polyurethane are mainly petroleum based and hence are very sensitive to prices fluctuations of crude oil .
In the future , it is expected that as lesser of the drivers attention is required to steer the vehicle , the operator will be able to pursue other tasks or interests . Interiors will be designed to enable occupants to engage in work or leisure activities ; which suggests the addition of even more electronics in the interior .
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