Growing Demand for Electronic Devices to Boost Growth of Adhesives & Sealants for Handheld Devices Market in Coming Years

Adhesives & Sealants for Handheld Devices Market
Global Adhesives & Sealants for Handheld Devices Market Information- by Sealants (Silicone Sealants, Acrylic Latex Sealants, Epoxy Sealant, Polyurethane Sealant, Butyl Sealant, and others), by Adhesives (Hot Melt Adhesives, Pressure Sensitive Adhesives, Waterborne Adhesives, Solvent based Adhesives, others), by Application (Laptops, Mobile Phones, Hard Disc Drives, Medical Devices, and others), and by Region- Forecast till 2023

Market Introduction and Highlights:

Adhesives & Sealants for Handheld Devices are used in various application such as laptops, mobile phones, hard disc drives, medical devices, and others. Additionally, the growing demand for the handheld device is a key factor to drive the adhesives & sealants for handheld devices market. On the basis of region, the market share of adhesives & sealants for handheld devices is high in Asia Pacific due to huge utilization in growing industry such as laptops, mobile phones, hard disc drives, medical devices, and others. It is also expected to increase at a higher growth rate as compared to other regions such as North America, Europe, Latin America and the Middle East & Africa.

Major Key Players Profiles:

Key players of the global adhesives & sealants for handheld devices market are:

  • Henkel AG & Co. KGaA (Germany)
  • 3M (US)
  • Evonik Industries AG (Germany)
  • Dow Corning Corporation (US)
  • H.B. Fuller (US)
  • Novachem Corporation ltd. (Europe)
  • Tangent Industries, Inc. (New York)
  • Sika AG (Switzerland)
  • Royal Adhesives & Sealants. (US)
  • AVERY DENNISON CORPORATION (Netherlands)

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Market Segments:

Global adhesives & sealants for handheld devices market is divided into sealants, adhesives, application, and region. On the basis of sealants, the adhesives & sealants for handheld devices market is segmented into silicone sealants, acrylic latex sealants, epoxy sealant, polyurethane sealant, butyl sealant, and others. Among all, silicone sealants give waterproof shield and suitable for internal and external applications in handheld devices.

On the basis of adhesive, the market is segmented into hot melt adhesives, pressure sensitive adhesives, waterborne adhesives, solvent based adhesives, others. Firstly, hot melt adhesives are humidity resistance adhesives, has flexible viscoelastic bonds to plastic and metal substrates and are applied as a hot liquid melt. These are used in electronic devices such as smartphones, phablets, tablets, smart-watches, smart bands, etc. Silicone hot melt adhesives are mostly unaffected by immersion in most of the liquids which contact with electronic devices.

On the basis of application, the adhesives & sealants for handheld devices market is segmented into laptops, mobile phones, hard disc drives, medical devices, and others. Increasing disposable income, growing internet penetration, causes leading to higher potential sales of consumer electronics such as smartphones, tablets, laptops, and gaming consoles, as well as adhesives & sealants for these devices. The increasing demand of adhesives & sealants for handheld devices in various industries such as laptops, mobile phones, hard disc drives, medical devices, and others.

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Regional Analysis:

Increasing number of consumer for handheld devices such as laptops, mobile phones, hard disc drives, medical devices, and others, consequently, increase demand of adhesives & sealants for handheld devices market globally. Among the regional markets, the Asia Pacific is dominating the market accounting for more than 40% of market share, and is expected to witness the similar growth rate during the forecast period. China, India, Japan, and Indonesia are predicted to be the fastest growing markets in this region. On the other hand, growth in volume sales of adhesives & sealants is predominantly driven by mobile phones, especially in Asia Pacific region. Sales of mobile phones are already reaching maturity in China, India, Japan, and other countries of this region. Growing demand for electronic devices such as laptops, tablets, and others has improved the demand for adhesives & sealants in this region. The demand of laptops and tablets market in Asia Pacific is increasing significantly due to new era of modernization and upsurge in disposable income. Moreover, increase in the influence of mobile social networking in the market of mobile marketing which is also anticipated to increase the market demand for electronic devices and hence the demand of adhesives & sealants. Furthermore, the popularity of advertising in mobile applications, is also driving the smartphone market as well as driving the demand for adhesives & sealants for these devices.

North America holds the second position for global adhesives & sealants for handheld devices market. UK, Canada, and United Mexican States led the demand for adhesives & sealants for handheld devices in North America region. Growing trend of electronic devices such as laptops, mobile phones, hard disc drives, medical devices, is driving the market of adhesives & sealants in this region. Canada has resulted in strong positive growth in smartphone adoption across the country as well as considered as the major market for adhesives & sealants for handheld devices, especially in this region.

Europe is another lucrative market in global adhesives & sealants for handheld devices market. These mainly driven by high demand in medical devices such as artificial cardiac pacemaker, thermometer, catheter, infusion pump, gauze, etc. The major drivers of growth for adhesives & sealants market in this region are the growth in increasing health awareness, healthcare expenditure, and ageing population. Moreover, Latin America Middle East and South Africa is an emerging region for adhesives & sealants for handheld devices market due to increasing demand of adhesives & sealants in various industries such as laptops, mobile phones, hard disc drives, medical devices, and others.

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