Electronics Adhesives Market Research Report and Forecast up to 2020 Electronics Adhesives Market - Global Industry Ana | Page 2

By product type, the electronics adhesives market includes UV cured, thermally
conductive, electrically conductive, and others. Accounting for a share of over 40%
by 2020, electrically conductive adhesives are likely to dominate the overall market
at a strong CAGR of 14%.
The major applications of electronics adhesives include encapsulation, conformal
coating, wire tacking, and surface mounting. Conformal coating and surface
mounting are the two leading application segments, together accounting for a share
of 60% by the end of the forecast period. The segment of surface mounting is
expected to register an 11.4% CAGR from 2015 to 2020.
The global electronics adhesives market has been divided on the basis of region into
North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific.
Asia Pacific is the most promising market for electronics adhesives and this region is
poised to expand at a 10% CAGR during the forecast period. The surging production
of consumer electronics in countries such as India, South Korea, Japan, and China
has greatly contributed toward the growth of the APAC electronics adhesives
market..
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Global Electronics Adhesives Market: Drivers and Restraints
The global market for electronics adhesives is primarily driven by the growing usage
of electronics components across several applications such as automotive,
consumer electronics, medical devices, imaging devices, and aircraft. The rising use
of connected devices and the growing trend of miniaturization of electronic devices
have also driven the demand for electronics adhesives. Other factors supporting the
electronics adhesives market include the rise in disposable income, changing
lifestyle, and the surging consumption of automated appliances. Enterprise
electronics are likely to generate the highest revenue by the end of the forecast
period while electronic appliances are expected to fuel the market in terms of
volume.
On the flip side, strict government regulations curbing VOC emissions and the
volatility in feedstock prices threaten to hamper the growth of the electronics
adhesives market.
The key players studied in the report are Dymax Corporation, Henkel AG & Co KgaA,
H.B. Fuller Company, 3M Company, Evonik Industries AG, and Dow Corning.
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