LONDON--(EON: Enhanced Online News)--According to the latest market study released by Technavio, the global electronic adhesives market is expected to grow at a CAGR of close to 10% during the forecast period.
“The UV curing adhesives segment is gaining momentum owing to its increased application in conformal coatings, encapsulation, bonding, keypad coatings, masking, thermal management, lamination, and display bonding”
This research report titled ‘Global Electronic Adhesives Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
“The use of electronic adhesives in the production of PCB, which is the basic building block of the electronic industry and other electronic components, has grown tremendously, over the years. Thus, the growth of the electronics market which caters to various industries including telecommunications, defense, computer, consumer goods, and automotive products, augurs well for the electronic adhesives market,” says Chandrakumar Badala Jaganathan, a lead analyst at Technavio for additives, adhesives, and sealants research.
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The market research analysis categorizes the global electronic adhesives market into three major product segments. They are:
- Electrically conductive adhesives
- Thermally conductive adhesives
- UV curing adhesives
Global electronic adhesives market for electrically conductive adhesives
The global electronic adhesives market for electrically conductive adhesives is expected to grow at a CAGR of over 10%. Electrically conductive adhesives will pose highest share in the electronic adhesives market in comparison with other product types due to their high demand in many applications such as bonding heat-sensitive electronic components and bonding glass, plastics, or soft metals.
Most of the organic and inorganic adhesives such as epoxies, acrylics, cyanoacrylates, silicones, urethane acrylates, and cyanoacrylate are not electrically conductive. However, in most of the applications, including integrated circuits and surface-mount devices (SMDs), electrically conductive adhesives are required. Thus, a suitable filler is added to the base material to convert non-conductive adhesives into electrically conductive materials. Several fillers including silver, nickel, and carbon are used to confer electrical conductivity.
Global electronic adhesives market for thermally conductive adhesives
The global electronic adhesives market for thermally conductive adhesives is expected to grow at a CAGR of close to 9%. Thermally conductive adhesives are primarily used in electronic applications owing to its superior heat dissipation. They offer essential properties for electronic applications such as chemical resistance, vibration resistance, superior electrical insulation. Miniaturization of electronic circuitry leads to heat buildup, which results in internal failure of electronic components due to exceeding the maximum operating temperature. Thus, thermally conductive adhesives are used to tackle this problem and check such heat buildup in the electric device. Epoxy, silicone, and acrylics are the most commonly used thermally conductive systems for formulation.
Global electronic adhesives market for UV curing adhesives
The global electronic adhesives market for UV curing adhesives is expected to grow at a CAGR of close to 12%. UV curing adhesives are commonly used in the electronics manufacturing industry. These adhesives are user-friendly and can be cured rapidly without additional temperature curing. The UV curing adhesives are typically acrylic-based formulations and consist of photoinitiators that are activated by UV rays.
UV curable additives are used to protect circuit and maintain electronic assembly. These adhesives are applied on the surfaces of PCBs to offer complete protection to the material from harsh environments or chemical exposure.
“The UV curing adhesives segment is gaining momentum owing to its increased application in conformal coatings, encapsulation, bonding, keypad coatings, masking, thermal management, lamination, and display bonding,” says Chandrakumar.
The top vendors highlighted by Technavio’s chemicals and materials market research analysts in this report are:
- Dow Corning
- Evonik Industries
- H.B. Fuller
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- Global Pressure-sensitive Adhesives Market 2016-2020
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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