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Value of Electronic Adhesives to Reach USD 5.5 Billion by 2019: MarketsandMarkets

Published on 2014-06-30. Author : SpecialChem

The report “Electronic Adhesives Market by Type (Electrically Conductive, Thermally Conductive, UV Curing & others), Form (Liquid, Solid & Paste), Application (Semiconductor & IC and Printed Circuit Boards (PCB)), and Geography - Regional Trends & Forecast to 2019” defines and segments the electronic adhesives market with an analysis and forecast of value individually. Along with this, the value and volumes of electronic adhesives by applications and geography are also discussed in the report.

The report also identifies the driving and restraining factors for the electronic adhesives market with an analysis of trends, opportunities, burning issues, and winning imperatives. The market is segmented and the value has been projected on the basis of important regions, such as Asia-Pacific, North America, Europe, and the Rest of the World (RoW). Further, the market is segmented and the demand and value are projected on the basis of various key applications of electronic adhesives, such as assembling substrates on the semiconductor devices, conformal coatings, wire tacking, potting, and encapsulation.

UV curing adhesives - key market for electronic adhesives

The electronic adhesives market is segmented into following types: electrically conductive, thermally conductive, UV curing, and others. Each type of electronic adhesive has its own properties and applications. These individual electronic adhesives have application-specific demands that are differentiated by placement, cost, and efficiency. Even though the UV curing adhesives have a small market share, it is the fastest growing market.

The Electrically Conductive Adhesives (ECA) are considered as replacement for traditional tin-lead solders. The thermally conductive adhesives generally contain epoxy, silicone or acrylics.

Electronic adhesives market volume is projected to reach 1,800 KT by 2019

The market for electronic adhesives, in terms of value, is estimated to reach $5.5 billion by 2019, growing at a CAGR of 10.08% from 2014 to 2019. In terms of volume, Asia-Pacific dominated the electronic adhesives market in 2013 and is estimated to remain the major market by 2019, consuming around 65% of the market share during the review period. Europe and North America are projected to experience a comparatively slower growth rate for the next five years, owing to rising consumption in the Asia-Pacific region, where end-user markets of electronic adhesives are growing rapidly.

Asia-Pacific and RoW together accounted for more than 60% of the share of the total electronic adhesives market, in terms of value, in 2013

RoW is estimated to be one of the fastest growing markets for electronic adhesives in the next five years. The Asia-Pacific region will be the largest market, with major developments in China, India, and Japan. RoW and Asia-Pacific together accounted for more than 60% of the electronic adhesives market share in terms of value in 2013. The Asia-Pacific region is expected to continue its leading position and dominate the market by 2019, with advanced technological developments in the electronic adhesives market for end-users.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

Source: MarketsandMarkets

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