Electronic Adhesives Market Overview 2018 to 2023
Adhesives are critical components in design and manufacture of majority of electronic devices. As electronic devices are becoming smaller and more complex, there is a greater demand being made on components and material used in them. As the adhesives industry responds to the challenges of this market, new advances are widening the performance envelope for electronic adhesives. Change in polymer compositions, along with compounding differences are allowing properties to be tailored to meet specific application requirements which includes electrically conductive, flexibility for comfort, thermal-stability, sterilization, resistant snap among others.
Electronic Adhesives Market– Top 10 Global key Players
The leading market players in the global electronic adhesives market are 3M Company, Alent PLC, BASF, H.B. Fuller, Henkel AG & Company, Indium Corporation, LG Chemical Limited, Mitsui Chemicals, Hitachi Chemicals, Dao Corning, Dow Chemicals and among others.
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Innovation Related News:
October 2017 – With Smartphone shipments worldwide projected to reach over 1.71 billion by 2020, Tesa UK is continuing to create and innovate the latest technology required to support electronic device manufacturers. Tesa has been a world leading exponent of adhesive tape development for 75 years and is currently at the forefront of developing and producing adhesive solutions for use in electronic devices. This innovation strategy would definitely fuel the electronic adhesive market.
March 2016 – Electronics manufacturer The Morey Corporation (Morey) is working with Henkel Adhesive Technologies for more than 35 years. The launch of the innovative Loctite GC 10 solder paste helped further strengthening the partnership between these two companies. Morey supports leading electronic OEMs by delivering electronics design, manufacturing and life cycle solutions to bring innovations to dynamic and demanding markets. Therefore the company utilize a tailor-made package of fifteen solutions from Henkel’s comprehensive portfolio. This partnership agreement would fuel the demand of electronic adhesive market.
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Geographically, Asia-Pacific is estimated to be the largest market for electronic adhesives in 2016, owing to high economic growth rate, rising electronic adhesives based application patents and cheap labor. Surface mount devices are estimated to be the leading application in the global market and accounted for more than 40% of the total market demand owing to substantial development in chip bonding. Apart from this, the shifting trends towards the miniaturisation of electronic gadgets have increased the demand for electronic adhesives over the past few years.
Regionally, Asia Pacific region accounted largest market share in the global electronic adhesive market and expected to dominate during the forecast period due to economic trends in the region. In the Chinese domestic marketplace, consumer behavior, and developments to product technology and delivery systems have all merged to shape the electronic adhesives market. The electronic adhesive manufacturers in China is mostly comprises of small manufacturers and some of the prominent manufacturers.
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