Industry Insights

 

The global electrical & electronics adhesives market size was valued at USD 4.3 billion in 2018 and is expected to witness a CAGR of 6.7% from 2019 to 2025. The expansion of the electrical & electronics industry owing to several innovations and increasing sales of consumer electronics products is driving the demand for adhesives.

The Electrical & electronics sector is witnessing significant changes owing to increasing production capacities and continued investments in R&D. Further. The market is currently observing a growing demand for electrical & electronic devices both in developed and developing economies. Low operations and labour costs for manufacturing, particularly in China, assist the production of various products and equipment. Report SummaryTable of ContentsSegmentationMethodologyRequest a FREE Sample Copy

Industry Insights

The global electrical & electronics adhesives market size was valued at USD 4.3 billion in 2018 and is expected to witness a CAGR of 6.7% from 2019 to 2025. The expansion of the electrical & electronics industry owing to several innovations and increasing sales of consumer electronics products is driving the demand for adhesives. techiesin

The Electrical & electronics sector is witnessing notable changes owing to increasing production capacities and continued investments in R&D. Further. Low operations and labor costs for manufacturing, particularly in China, are assisting the production of various products and equipment. The market is currently observing a growing demand for electrical & electronic devices both in developed and developing economies.

U.S. Electrical & Electronics Adhesive Market

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The popularity of medical devices and wearables is increasing at a rapid pace. Increased requirement of adhesives for bonding various assemblies in medical devices is expected to fuel the market growth over the forecast period. Acrylic electrical & electronics adhesives have performance characteristics that help lower the total cost of equipment and reduce time-consuming procedures involved in manufacturing electrical & electronics.

Over the past few years, adhesives have replaced various fastening systems in the medical sector. Products such as pressure-sensitive, structural, and non-structural adhesives are used in numerous applications. Without any surface preparation, substrates such as plastic, rubber, and metal can be glued with the help of bonding products such as adhesives.

The rising demand for adhesives from printed circuit boards (PCBs) drives the market. tracking, potting & encapsulation of components, conformal coatings of circuit boards, and bonding of surface mount components require various products such as adhesives for bonding purposes. Increased demand for computers, laptops, smartphones, household appliances, industrial & power equipment, control & navigation systems, and aerospace monitoring & testing equipment requires many adhesive products. Over the forecast period, growing demand for these products will likely benefit the electrical & electronics adhesives market.

Product Insights

Heat-related challenges in components can cause failure in electrical & electronic devices. Thermal conductive products, in such cases provide heat-conducting paths and resist increasing heat. Silicone, epoxy, and acrylic are some of the common resin types used in the products. The thermal conductive products segment was valued at USD 1.3 billion in 2018.

In terms of volume, the electrically conductive product segment is projected to advance at a CAGR of 6.2% from 2019 to 2025. Applications such as surface mount devices and integrated circuits require electrical conductivity to ensure proper functioning. Improved efficiency and cost-effectiveness of the product are projected to contribute to market growth.

The UV curing product segment is projected to grow faster over the forecast period. High-performance electrical & electronic devices require good insulation properties and thermal conductivity, which is likely to benefit the growth of this segment. Other products in this segment include polyimides, silicone, and cyanoacrylates. marketingmediaweb

 

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