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Electronic Adhesives Market to See CAGR of 10.1% by 2020
November 25, 2015 | PRNewswireEstimated reading time: 4 minutes
The report "Electronic Adhesives Market by Form (Liquid, Paste and Solid), by Type (Electrically Conductive, Thermally Conductive, UV Curing and Others), by Application (Printed Circuit Boards and Semiconductor & IC), by Region - Global Trends and Forecasts to 2020", published by MarketsandMarkets, The global electronic adhesives market is projected to reach USD 6,085.4 Million by 2020 at a CAGR of 10.1%.
This report defines and segments the electronic adhesives market with analysis and forecast of the market size. The growth is fueled by the growing technological dominance, increasing production capacities, rising development strategies, and growing application sectors globally.
Liquid Form: The largest, by form market of electronic adhesives
Liquid form adhesives are the largest segment of the electronic adhesives market. Owing to its strong adhesion strength the liquid adhesives are used in applications where excessive adhesion flow is required and the surfaces to be bonded are large. The electronics industry uses liquid adhesives for mounting the semiconductor dyes, as conformal coatings on printed circuits boards (PCBs) and potting. These adhesive forms are available in various compositions such as epoxies, silicones, and acrylics. The growing demand for PCBs from telecommunication, consumer, and microelectronic assembly application industries has led to increase in the demand for liquid form adhesives in the global electronic adhesives market.
Electrically Conductive: The largest, by type market of electronic adhesives
Electrically Conductive Adhesives, also known as ECA, is the largest segment of the electronic adhesives type market. They are used as substitute for traditional tin-lead solders. Owing to their high electrical conductivity, and ability to allow the passage of current while initiating electrical connection between two bonded surfaces, electronic adhesives are widely used in microelectronic industry for packaging applications. The increasing technological advancement, increasing demand from the flip-flop applications, and emerging microelectronic packaging industries are few factors that drive the growth of the electrically conductive adhesives market in the global electronic adhesives market.
Among regions, the Asia-Pacific region is projected to lead the global amorphous PET market during the forecast Printed Circuit Board (PCB): The largest application market for electronic adhesives
The PCB application is the largest application for electronic adhesives owing to the increasing demand from applications such as chip bonding, wire tacking adhesives, potting, and conformal coatings in Asia-Pacific and the Middle East & Africa regions. The ability to protect the electronic & circuit assembly components from corrosion, dust, shock & vibration, environmental and physical damage makes electronic adhesives the highly preferred adhesives in the PCB industry. In Asia-Pacific, the PCB industry is the largest market for electronic adhesives. The growing encapsulation and the electronics industry, increasing R&D activities, and circuit molding industries have fueled the growth of electronic adhesives in PCB in the Asia-Pacific region.
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