The global electronic adhesives market is described by the ascent in nearness of driving players in rising economies of Asia Pacific. The locale gives colossal chances to organizations occupied with creation, deal, and appropriation of electronic adhesives. Expanding number of market players have been thinking about venture into Asia Pacific as a significant vital move to broaden reach and fortify their situation in the global market. The electronic adhesives market is additionally foreseen to grow because of the ascent popular for minimal and lighter parts in the electronic business. Furthermore, development in entrance of Internet of Things (IoT) is driving the market. Increment in reception of associated gadgets has changed the manner in which electronic apparatuses are assembled, giving players huge chances to take advantage of this pattern.
The global electronic adhesives market is primarily driven by the growth in usage of electronic components in several applications such as automotive, consumer electronics, medical devices, imaging devices, and aircraft. Rise in usage of connected devices and increase in trend of miniaturization of electronic devices are also boosting the demand for electronic adhesives. Other factors supporting the electronic adhesives market include rise in disposable income, changing lifestyle of consumers, and increase in consumption of automated appliances.
In terms of product, the electronic adhesives market has been divided into UV curing, thermally conductive, electrically conductive, and others (including cyanoacrylate and polyamide). The electrically conductive segment dominates the electronic adhesives market. In terms of volume and value, the segment is projected to expand at a rapid pace during the forecast period. The UV curing segment held 32.8% share of the global electronic adhesives market in 2017. It is expected to be a rapidly growing segment during the forecast period. UV curing is used due to environmental demands, and manufacturing yield improvement.
Bases on resin, the global electronic adhesives market has been segregated into silicones, polyurethanes, epoxies, acrylics, and others (including polyester and polyol). Silicones are strong adhesives known for their flexibility and high temperature resistance. Their adhesion to surfaces is average, but their flexibility and durability is excellent. Based on application, the global electronic adhesives market has been classifies into encapsulation, conformal coatings, wire tacking, and surface mounting. Conformal coatings and surface mounting are the leading application segments of the market.