Global Electronics Adhesives Market to Expand at Healthy CAGR of 12.1% between 2015 and 2020: FMI
By Business Wire News
By Business Wire News
Future Market Insights (FMI), in its latest report titled, “Electronics Adhesives Market – Global Industry Analysis and Opportunity Assessment 2015 – 2020”, reveals that the global electronics adhesives market was valued at US$ 3.23 Bn in 2014 and is expected to reach US$ 6.40 Bn by 2020, registering a significant CAGR of 12.1% through the forecast period.
The global electronics adhesives market is segmented on the basis of application, product type, material type and region. On the basis of material type, the acrylic segment is forecasted to witness a highest CAGR of 20% between 2014 and 2020. Surface mounting in the application segment is anticipated to display a highest CAGR of 14.4% through the forecast period. Electrically conductive in the product segment is projected to account for more than 40% of the total market share by 2020, registering a healthy CAGR of 16.7% during the forecast period. Region-wise, Asia Pacific is expected to account for more than 60% market share of the overall electronics adhesives market by 2020.
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Drivers and Restraints
Increasing use of electronic components such as sensors, imaging devices in automobile industry, and increasing use of connected devices and miniaturization of electronic gadgets such as mobiles and PC are expected to drive the growth of the global electronics adhesives market by 2020. However, volatility in prices of feedstock used to manufacture adhesives and government regulations about limiting VOC emissions will hamper the growth of the global electronics adhesives market.
Key players continue to focus on offering customized solutions to the client to meet their dynamic requirements and backward integration to maintain the quality of raw material. Key players in the global electronics adhesives market are 3M Company, Henkel AG & Company, Dymax Corporation, Dow Corning Corporation, Huntsman Corporation, and H. B. Fuller Company.
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Wearable Computing Devices Market: http://www.futuremarketinsights.com/reports/details/wearable-computing-devices-market
Future Market Insights (FMI) is a leading market intelligence and consulting firm delivering syndicated research reports, custom research reports and consulting services. Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS.