Market Size of Asia-Pacific Electronics Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 8.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Electronics Adhesives Market Analysis
The Asia-Pacific electronics adhesives market is expected to grow at with a CAGR greater than 8% during the forecast period. One of the major factors driving the market is the growing technological advancements in manufacturing electronic adhesives. However, volatility of the raw material prices is hindering the growth of the market studied.
- Shift towards environment-friendly water based adhesives is expected to provide a major growth opportunity for the market studied.
- China accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
- Among the application areas, surface mounting is expected to dominate the market during the forecast period.