Market Trends of Asia-Pacific Electronics Adhesives Industry
This section covers the major market trends shaping the APAC Electronics Adhesives Market according to our research experts:
Surface Mounting Application to Dominate the market share
- Surface mounting, also known as chip bonding, accounts for the highest share of the Asia-Pacific electronics adhesives industry.
- The major types of adhesives used in this application include mostly one-component systems, made from acrylics, epoxies, or urethane acrylates, and can be either electrically or thermally conductive.
- These adhesives used have superior physical and chemical quality which helps them to have a long shelf life, a high wet strength, rapid curing, strength, and flexibility.
- Hence, according to the above-mentioned reasons, surface mounting is likely to dominate the market studied during the forecast period.
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China to Dominate the Market
- China accounts for the highest share of the total Asia-Pacific electronics adhesives market currently and is the biggest market both in terms of consumption and production of the electronic adhesives.
- The increasing urbanization, growing connectivity, combined with the usage of advanced technology in the manufacturing of automotive safety technologies and infotainment systems, is boosting the demand for printed circuit boards.This in turn is boosting the demand for electronic adhesives in the country.
- Additionally, the investments in the electronic industry in the country have growing consistently over the past few years. This is also driving the growth of electronic adhesives market in the country.
- Hence, owing tot he above-mentioned factors, China is expected to dominate the Asia-Pacific electronics adhesives market during the forecast period.
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