The global electronic adhesives market is expected to have a favorable growth at a striking CAGR over the estimated years (2022-2030). As opposed to any other industry where adhesives are used to adhere two substrates together, in the electronics industry their needs are unique. Right from adhesives which protect the delicate wiring in the motherboard against vibration to the electrically conductive glue which allows the electric circuits to complete, often electronics adhesives are used for offering much more than merely a strong bond. Cold glue and hot melt adhesives are used in numerous electronics applications such as encapsulating components, binding surface-mounts components, wire tacking and more. The various raw materials utilized in producing electronic adhesives include cyanoacrylates, polyurethanes, polysulfides, epoxies and silicones.
There are abundant factors that is propelling the growth of the electronic adhesives market. These factors as per the MRFR (Market Research Future) report include technological advancements, safety regulation implementation for electronic applications, solid-state semiconductor technology implementation in consumer and industrial applications, and investment on research and development activities made by companies for the utilization of microelectronic devices especially in actual applications. The additional factors include increase in need for lighter and compact components, growth in penetration of IoT (internet of things), use of electronic components in different applications namely aircraft, imaging devices, medical devices, consumer electronics and automotive, increase in the use of connected devices, consumers changing lifestyle, increase in disposable income and increase in use of automated appliances. On the contrary, high installation costs of product assembly, packaging and lamination of advanced machinery is likely to hinder electronic adhesives market growth.
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Market Segmentation:
MRFR report offers a broad segmental analysis of the electronic adhesives market on the basis of form, type and application.
Based on form, it is segmented into paste electronic adhesive, solid electronic adhesive and liquid electronic adhesive. Of these, liquid electronic adhesive will have the maximum share in the market over the estimated years.
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Regional Analysis:
By region, the electronic adhesives market covers growth opportunities and latest trends across Latin America, Europe, North America, Asia Pacific and Middle East Africa. Of these, APAC will have a major share in the market owing to the growing automotive and electrical industry here coupled with favorable government policies namely incentives and tax benefit. China, India and Japan are the key contributors here. The electronic adhesives market in North America will have a healthy growth owing to increasing use of electronic adhesives and the presence of developed end-user industries. The US and Canada are the key contributors here. The electronic adhesives market in Europe will have a steady growth due to growing utilization of electronic adhesives especially in the automotive industry.
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