Asia Pacific Electronics Adhesives Market Outlook 2031
The Asia Pacific Electronics Adhesives Market size was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2031, expanding at a CAGR of 8% during the forecast period. The growth of the market is attributed to developing technological progression in assembly of electronic adhesives.
Electronic adhesives are fragment of the electronic parts utilized in the production and assembly of electronic circuits and items. They are principally utilized in wire attaching, binding the surface-mount parts, and compressing parts. Raw substances utilized in the production of electronic adhesives contain silicones, epoxies, polysulfides, polyurethanes, and cyanoacrylates.
From glues that ensure sensitive motherboard wiring against vibration to electrically conductive glue that permits an electric circuit to complete, electronics adhesives are regularly used to provide considerably more than a solid bond. Both hot melt and cold glue adhesives are utilized in an assortment of hardware applications.
Asia Pacific Electronics Adhesives Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for low-cost and reliable electronic gadgets is expected to drive the electronics adhesives market growth.
- Enhanced requirement of adhesives for bonding various assemblies in medical devices is anticipated to spur the growth of market.
- Rising demand for adhesives for printed circuit boards is expected to boost the market in the coming years.
- Unpredictability of the raw material prices can hamper the growth of the market.
- Strict governmental regulations can create challenges for the electronics adhesives market growth.
- Shift toward environment-friendly water-based adhesives is anticipated to create lucrative opportunities in the electronics adhesives industry.
Scope of Asia Pacific Electronics Adhesives Market Report
The Asia Pacific electronics adhesives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Electronics Adhesives Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Resin Types (Acrylics, Epoxy, Polyurethane, and Others) and Applications (Conformal Coatings, Encapsulation, Surface Mounting, Wire Tacking, and Others)
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Geographical Scope
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India, Japan, China, South Korea, ASEAN Countries and Rest of Asia Pacific
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Dow; 3M; Henkel Adhesives Technologies; H.B. Fuller Company; and BASF SE
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Electronics Adhesives Market Segment Insights
Epoxy segment is anticipated to constitute a key market share
In terms of resin types, the asia pacific electronics adhesives market share is categorized as acrylics, epoxy, polyurethane, and others. The epoxy segment is projected to expand at a considerable CAGR during the forecast period due to its broad electronic applications, either in two-section or single-part heat solution products.
Epoxy has sound versatility against natural and media impacts. It has a dry and non-shabby surface, which is utilized as a protective covering and is generally utilized in plastics, coatings, sealers, adhesives, paints, primers, and others. Restoring epoxy adhesives can occur either at room or raised temperature or through photo initiators and UV light.
Surface mounting segment to hold a major market share
Based on applications, the asia pacific electronics adhesives market share is segregated into conformal coatings, encapsulation, surface mounting, wire tacking, and others. The surface mounting is expected to constitute a key share of the market during the projected period due to its predominant physical and synthetic quality, which provides them long shelf life, high wet strength, fast restoring, strength, and adaptability.
China is estimated to constitute a key market share
On the basis of geography, the asia pacific electronics adhesives market share is classified as India, Japan, China, South Korea, ASEAN Countries and Rest of Asia Pacific. China is expected to constitute a key share of the market during the forecast period. The expanding urbanization, developing network, and utilization of cutting edge innovation in the assembling of car wellbeing advances and infotainment systems. The demand in the electronic business in the nation have become high in the course of recent years.
Segments
The Asia Pacific electronics adhesives market is segmented on the basis of:
Resin Types
- Acrylics, Epoxy
- Polyurethane
- Others
Applications
- Conformal Coatings
- Encapsulation
- Surface Mounting
- Wire Tacking
- Others
Geography
- India
- Japan
- China
- South Korea
- ASEAN Countries
- Rest of Asia Pacific
Key Players
- Dow
- 3M
- Henkel Adhesives Technologies
- H.B. Fuller Company
- BASF SE
Competitive Landscape
The key players competing in the Asia Pacific electronics adhesives market are Dow; 3M; Henkel Adhesives Technologies; H.B. Fuller Company; and BASF SE.
Organizations are collaborating with local manufacturers to extend their production limit and are installing advanced manufacturing processes to grow their market share.