Global Electronic Adhesives Marketto 2027
Global Electronic Adhesives Market Size, Trends & Growth Opportunity, By Resin Type (Acrylics, Epoxy, Polyurethane, and others), By Application (Encapsulation, Wire Tacking, Surface Mounting, Conformal Coatings, and Others),By End User, By Region and Forecast till 2027
Global Electronic Adhesives Market
Electronic adhesives are defined as the part of the electronic components used in the manufacturer & assembly of electronic circuits and products. These adhesives are used in wire tacking, encapsulating components, and binding the surface-mount components. The growing electrical & electronics sector due to several innovations & the increase in sales of consumer electronics products is fuelling the demand for adhesives.
Market Drivers
The increase in demand for miniaturization/automation of electronic devices is expected to boost the global electronic adhesives market growth over the forecast period. Furthermore, the rise in applications in the automotive industry will positively influence the market growth. Also, the increase in demand for waterproof smartphones and wearable devices which expected to propel the global electronic adhesives market growth during this forecast period. Moreover, the growing advancements in the electronics industry will significantly drive the market growth. In addition, key operating players are expected to invest in research and development activities to reduce the overall costs & improve the eminence of global electronic adhesives market.
Market Restraints
Fluctuation in raw material prices may hamper the global electronic adhesives market growth during this timeframe. Also, stringent environmental regulations expected to limit the global electronic adhesives market growth.
Market Segmentation
The Global Electronic Adhesives Market is segmented into resin type such as Acrylics, Epoxy, Polyurethane, and others, by application such as Encapsulation, Wire Tacking, Surface Mounting, Conformal Coatings, and Others. Further, market is segmented into end user such as IT Hardware, Consumer Hardware, Automotive, and Others.
Also, the Global Electronic Adhesives Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are listed in this report such as 3M, Ashland Global, Arkema, BASF SE, AVERY DENNISON, Beardow Adams Ltd, Covestro, H.B. Fuller, Henkel, Huntsman Corporation,etc.
Market Taxonomy
By Resin Type
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