“Increasing trend of miniaturisation and growing use of smartphones is boosting the global electronics adhesives market
Increasing focus on miniaturisation of mobile phones and tablets has led to a surge in demand for smaller electronic components, which are further assembled using adhesives. Smartphones and tablets play a vital role in revenue contribution to the overall consumer electronics market. Worldwide shipments of connected devices including smartphones, tablets and PCs is expected to reach 2.5 Bn units by the end of 2017, reflecting significant market demand for electronics adhesives.”
--- Analyst – Chemicals & Materials, Future Market Insights
The global electronics adhesives market is estimated to be valued at roughly US$ 4,000 Mn by 2017 end and is expected to register a CAGR of 8.2% over the forecast period to reach about US$ 8,800 Mn by the end of 2027. Globally, the consumption of electronics adhesives is estimated to be pegged at 1,423 (‘000 Tons) in 2017 and is expected to exhibit a CAGR of 7.0% over the forecast period to reach 2,794 (‘000 Tons) by the end of 2027.
Expanding electronic industry is encouraging the growth of the global electronics adhesives market, especially in APEJ
The electronics industry is a broad economic sector, which covers advanced technologies in the productive, industrial and consumer goods market. The electronics and electrical industry is a flourishing and diversified sector, which is growing at a rapid pace owing to inventions in novel technologies coupled with customers inclining towards electronic devices and services. The electrical and electronics industry is experiencing remarkable changes due to continuous research and development investments, which has led to augmented production capacity as well as higher value added products. In Asia, the electronics industry accounts for around 20%-50% of the overall exports from most of the countries. Most of the superior quality consumer electronics such as TV, mobile phones, radios and computers come from the ASEAN countries. Moreover, over 80% of the world’s hard drives are also developed in the ASEAN region. Additionally, Thailand is one of the largest electronic devices assembly bases in Asia with over 2,300 companies powered by a 400,000 labour force. It is a world leader in manufacturing hard drives, semiconductors and integrated circuits. Thailand is also ASEAN’s prominent electrical appliances production base. This thriving market for the electronics industry is boosting the growth of the global electronics adhesives market.
Growing investment in the electronics industry in the APEJ region boosting electronics adhesives market revenue growth
The ASEAN region has greatly benefited the electronics industry by integrating production networks, which foster enhanced trade with larger Asian economies such as China. However, China plays an essential role in the Asian electronics industry, not as a competitor but as a growing market. China is a product assembly base and imports various components and parts from several Asian countries and exports it worldwide. In January 2016, China’s Ministry of Industry and Information Technology in partnership with an industry group and Ping An Bank planned to set up a US$ 30 Bn fund for the electronics industry in China. The creation of this fund will help address the issues faced by small and medium electronics manufacturers who have folded recently, expand the country’s technology capabilities and support the country’s significant electronics supply chain.
Cyclic production of electronics parts may hamper the growth of the electronics adhesives market
The electronics industry is one of the most dynamic sectors of the economy. The rapid surge in the growth of the electronics industry has impelled dramatic changes in electronic parts manufacturing. Consequently, systems, components, and devices get obsolete at a faster rate in the rapidly changing technology market. Various electronic parts that compose a product have a life cycle that is significantly shorter than the life cycle of the product owing to various economical as well as technological reasons. The part becomes obsolete when it is no longer manufactured either due to drop in the demand to low enough levels that it is not practical for manufacturers to continue with the part; or because of unavailability of material or technology to produce it. However, unless the new system being designed has a short life, or the product is the driving force behind the part’s market, there is a high probability of a life cycle mismatch between the parts and the product. Additionally, most of the electronic parts pass through several life cycle stages corresponding to changes in parts sales. This life cycle mismatch issue requires that during design, engineers be familiar with which parts will be available and which parts may be withdrawn from the market.
Global Electronics Adhesives Market Attractiveness Analysis by Product Type
The Electrically Conductive product type segment dominated the global electronics adhesives market in revenue terms in 2016, and the trend is projected to continue throughout the forecast period. The segment is expected to represent market attractiveness index of 1.4 over the forecast period. The Thermally Conductive product type segment is expected to represent market attractiveness index of 1.0. Ultraviolet curing product segment is expected to represent a market attractiveness index of 1.2, due to its use in a wide range of applications for circuit protection and electronic assembly. It also contains solvents as well as halogen free materials. The Others product type segment is expected to remain the least attractive segment in the global electronics adhesives market in revenue terms with an attractiveness index of 0.4 over the forecast period.
Future Market Insights presents an insightful report on the global electronics adhesives market titled ‘Electronics Adhesives Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017-2027’. The report begins with an elaborate executive summary which has the important market numbers related to the global electronics adhesives market such as the market values for the year 2017 and 2027 and the most attractive segments and regions in this market. The executive summary also gives a concise list of drivers, restraints and trends operating in the global electronics adhesives market, which are dealt in detail in another exclusive section of this report. Also, in the executive summary, the global electronics adhesives market revenue share by product type, by application, by material type and by region for the years 2017 and 2027 is given. Also, growth of market volume in (‘000) tonnes is also given for the year 2017 and 2027.
There is also a concise yet informative Future Market Insights analysis on the overall market approach of the leading players operating in the global electronics adhesives market and information is also given on the target application type and the target region that are most lucrative in this market. The differentiating strategies of the leading market players is also given in the executive summary. At the end of the executive summary, there is a diagrammatic representation of the various segments of the global electronics adhesives market in the form of regional opportunity, application opportunity, product type opportunity and material type opportunity and all these various segments and sub-segments are arranged in terms of their CAGR growth potential. After the executive summary, there is a section on the market introduction that gives detailed information regarding the market definitions of the electronics adhesives market based on its various applications and types. Market taxonomy follows the market introduction section.
By Product Type
By Material Type
After the market taxonomy, there is a section of the report focussing on the parent market of electronics adhesives, namely the global adhesives and sealants market and overview of the same is given along with a comparison of the revenues of the parent market and the global electronics adhesives market. The net margin comparison and key takeaways follow next. After this, key facts about the electronics industry are stated. Thereafter, there is a section of the report focussing on the market viewpoint of the global electronics adhesives market. Various economic drivers that are affecting the growth of the global electronics adhesives market are stated along with their impact analysis. Subsequent sections of the report contain information about the regional market analysis (2012-2016) and forecast (2017-2027) of the electronics adhesives market as per the regions given in the market taxonomy. These sections contain a detailed subsection on the market dynamics of the electronics adhesives market. Along with this, there is an exhaustive explanation about the drivers, restraints and trends applicable in the electronics adhesives market applicable to that particular region. This is an important subsection of the report as it contains a detailed explanation about the factors that encourage the growth of this market as well as the factors that hamper the growth of this market. Besides this, weightage of impact of the forecast factors is also given in this subsection. Regional sections of this report contain important market information in the form of electronics adhesives market size (US$ Mn) forecast by country, by application, by product type and by material type. Market attractiveness index for each of the segments as presented in the market taxonomy is also given. At the end of these sections, a list of regional electronics adhesives market participants is mentioned. The report also covers all the regional trends governing the electronics adhesives market.
In addition to this, there is an entire section of the report devoted to the competition landscape of the global electronics adhesives market. This competition landscape gives a dashboard view of the key companies operating in the global electronics adhesives market along with important market information. Each of the leading companies is also profiled individually and important information about the company such as company details, company description, product portfolio along with key developments concerning the company and strategic analysis is presented. A SWOT analysis of each leading market player is also presented, which gives detailed information about the strengths, weaknesses, opportunities and threats that the company is dealing with. This competition landscape is the most important section of the report as it imparts a deep understanding of the leading companies operating in the global electronics adhesives market and is valuable for new entrants in the field to get a learning about how the companies are leading this lucrative market and also for the established market players in order to get a better understanding about their competitors. Last but not the least, important information is given in the form of electronics adhesives market analysis (2012-2016) and forecast (2017-2025) by region, by application, by product type and by material type. At the end, value chain analysis for the electronics adhesives market is provided.
Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies operating in the global electronics adhesives market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global electronics adhesives market.