Global Electronic Adhesives Market Key Growth Factor Analysis & Research Study 2027Posted by Karthik Pilla on August 3rd, 2022
Bharat Book Bureau Provides the Trending Market Research Report on “Electronic Adhesives Market by Form (Liquid, Paste, Solid), Resin (Epoxy, Silicone, Acrylic), End-Use Industry (Communications, Computers, Consumer Electronics, Industrial, Medical), Product Type and Region - Global Forecast to 2027” under Chemical & Materials Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
The Electronic Adhesives Market is projected to grow from USD 4.5 billion in 2022 to USD 6.1 billion by 2027, at a CAGR of 6.1% between 2022 and 2027. The global electronic adhesives market is driven by the rising demand for advanced and sophisticated electronic devices. The use of electronic devices is increasing in developed as well as developing regions, such as North America and Asia Pacific. “Epoxy is estimated to be the largest resin type segment of the electronic adhesives market.” Epoxy resin in electronic adhesives held the largest market share in 2021 in terms of value. The most frequently used resin type for electronic applications is epoxy, either two-part or single-part heat cure products. Occasionally snap-cure epoxies, which cure at a lower temperature than regular single-part epoxies, are used. These adhesives can be used for bonding components, potting, and encapsulation, among others. Potting compounds are intended to provide a high level of guard to PCBs and electronic devices by surrounding them in a thick, durable polymer. Epoxy is used when extreme operating conditions require optimum protection. Asia Pacific is the largest market for electronic adhesives, and this dominance is expected to continue during the forecast period. High economic growth rate, growing manufacturing industries, cheap labor, increasing electronic adhesives patents, and global shift of consumption and production capacity from the developed markets to the emerging markets in the region are the factors leading to the growth of the electronic adhesives market in Asia Pacific. The region’s market is driven by high economic growth and heavy investments in the automotive, industrial, and medical industries. Its growing middle-class population plays an important role in driving various industries, which has led to industrialization in the region. Breakdown of Primary Interviews: The key companies profiled in this report are Henkel AG (Germany), The 3M Company (US), Arkema SA (France), and Parker Hannifin Corporation (US). Research Coverage: Reasons to Buy the Report The report provides insights on the following pointers:
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