Market Trends of North America Electronics Adhesives Industry
This section covers the major market trends shaping the North America Electronics Adhesives Market according to our research experts:
Epoxy Resin Type to Dominate the Market
- Epoxy adhesives, the most widely used structural adhesives, are an integral part of the electronics industry, and currently account for the majority of consumption in the North America electronic adhesives market.
- These adhesives have found usage in circuit and electronic assembly, heat sinking, hybrids microelectronics, PCB and semiconductor manufacturing, solder replacement, and wafer level packaging.
- Cured epoxy resin possesses strong and rigid cross-linked chemical structure suitable for structural bonding applications and are suitable for applying in the electronics industry.
- Hence, owing to the above-mentioned factors, the epoxy resin type is expected to dominate the market studied during the forecast period.
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United States to Dominate the Market
- United States accounts for the major share of the North America electronic adhesives market currently.The country has been experiencing growth in electrical & electronics industry in the recent past.
- The country witnessed positive growth in electronics mainly due to the increasing investment in electronics. Also, the increasing demand for electric vehicles in the recent years is also a major driving factor for the market studied.
- However, the overall automotive production in the country has witnessed a declination in the recent past. This may have negative effect on the consumption of electronic adhesives in the country.
- Hence, owing to the above-mentioned trends, United States is expected to dominate the market studied during the forecast period.
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