Asia Pacific is a rapidly developing market with several potential for diverse industry participants. Because of the availability of affordable raw materials, low manufacturing costs, and the desire to better service the local market, the majority of the big players in North America and Europe want to relocate their production base to this region. In this region, the growing need for non-toxic and eco-friendly electronic adhesives in semiconductor & circuit assembly and die-attachment applications has led to an increase in the usage of electronic adhesives as a substitute for tin-lead solders.
Pune, 18, Jan, 2023: Maximize Market Research, the global material and chemical market research firm has published a report on “Electronic Adhesives Market”. The report expects the market to grow from USD 4.31 Billion in 2021 to USD 6.97 Billion in 2029 at a CAGR of 6.2 percent. North America has the major electronic adhesives companies in the world.
Electronic Adhesives Market Scope and Research Methodology
The research offers in-depth analyses of market trends, demand forecasts, and micro and macro indicators. This study also offers insights into the variables influencing and restricting the growth of this industry. Additionally, the IGR-Growth Matrix analysis provided in the research provides information on potential investment opportunities for both new and established market competitors. Using analytical techniques like Porter's five forces analysis PESTLE analysis and SWOT analysis of the electronic adhesives industry, the study offers insights into the market. The study also identifies current market trends and offers forecasts for the years 2022–2029. Future market trends that would impact demand during the forecast period have also been highlighted. Additionally, each regional market's competitive study provides insight into the market share of the leading players.
The information in the report was gathered using both primary and secondary methods. About 25% of data sources are secondary sources, including annual reports, press releases, industry associations, non-profit organisations, governmental organisations, and customs data. The research report uses secondary sources, directories, and databases like Factiva (Dow Jones & Company), Bloomberg Business, Hoovers, Wind Info, Statista, Trading Economics, and Avention, as well as information from the Federal Reserve Economic Data, Investing News Network, and company annual reports, investor presentations, and SEC filings. All potential factors influencing the markets covered in the report were looked at, thoroughly researched, verified through primary research, and reviewed in order to offer the final quantitative and qualitative data. The market engineering methodology has utilised a bottom-up approach coupled with a number of data triangulation approaches to estimate the market forecast, market segments and sub-segments covered in the report.
Report: www.maximizemarketresearch.com/request…mple/26063
Electronic Adhesives Market Dynamics
The number of industrial sectors producing electronic appliances are to increase during the forecast period. This is expected to stimulate the growth of the electronic adhesive market. A contributing factor to the electronic adhesive market growth is the employment of electronic adhesives in more recent products like 5G gadgets and waterproof smartphones. The report estimates 15.5 percent growth rate for the 5 G-powered devices market during the forecast period. Another significant factor driving the market is the growth of IoT devices and the creation of new IoT devices for various applications.
The strict restrictions surrounding the production of electronic adhesive are the major limitations to the growth of the Electronic Adhesives Market. Manufacturers of electronic adhesives are required to abide by regulations on the amount of VOCs allowed in their products. This encourages the Electronic Adhesive Market to conduct research and create different advanced goods.
Electronic Adhesives Market Regional Insights
The major regional markets for the industry are covered in the analysis of the electronic adhesive market. The world's five largest markets for electronic adhesives are listed below. These are Latin America, Africa & the Middle East, Asia Pacific, Europe, North America, and the European Union. Among this, Asia Pacific is expected to grow rapidly and offer opportunities for various industry sectors. The bulk of the main players in North America and Europe are seeking to move their production base to Asia Pacific region due to the accessibility of low cost raw materials, cheap manufacturing costs, and the desire to better serve the local market. The demand for non-toxic and environmentally friendly electronic adhesives in semiconductor & circuit assembly and die-attachment applications has increased in this region has led to increase usage of electronic adhesives as tin-lead solders. The APMC region continues to be the largest market during the forecast period.
Report: www.maximizemarketresearch.com/request…mple/26063
Electronic Adhesives Market Segmentation:
By Resin Type: Epoxy, Silicone, Polyurethane (PU), Acrylic, Others
By Form: Liquid, Paste, Solid
By Product Type: Electrically Conductive Adhesives, Thermally Conductive Adhesives, Othersby
By End-Use: Computers, Communications, Consumer Electronics, Industrial, Medical, Transportation, Commercial Aviation and Defense
Electronic Adhesives Market Key Manufacturers include:
3M Company (US), Emerald Performance Materials(US), Meridian Adhesives Group(US), Dymax Corporation(US), AVERY DENNISON CORPORATION(US), H.B Fuller Company(US), Bostik(US), Masterbond(US), Ellsworth Adhesives India PTY Limited (India), Fuller Company(US), Parker Hannifin Corporation(US), DOWDuPont(US), Bondline Electronic Adhesives, Inc.(US), Creative Materials Inc(US), Panacol-Elosol GmbH(Germany), Evonik Industries AG(Germany), BASF SE (Germany), Heraeus Holding(Germany), Henkel AG & Co.(Germany), Tesa SE(Germany), LG Chem (South Korea), Hitachi Chemical Co. Ltd(Japan), Kyocera Chemical Corp (Japan), Henkel Adhesives Technologies India Pvt. Ltd.(Canada)
Report: www.maximizemarketresearch.com/request…mple/26063
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