Market Trends of South America Electronics Adhesives Industry
This section covers the major market trends shaping the South America Electronics Adhesives Market according to our research experts:
Surface Mounting Application to Dominate the Market
- Surface mounting, also known as chip bonding, accounts for the highest share of the South America electronic 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.
- This surface mounting adhesives are used to hold SMT components on a substrate that requires double-sided processing before it goes into a solder reflow or wave solder process. Additionally, they are used to add extra holding power for larger components exposed to high shock environments.
- Hence, owing to the above-mentioned reasons, the surface mounting application is likely to dominate the market studied during the forecast period.
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Brazil to Dominate the Market
- Brazil currently accounts for the highest market share of the South America electronics adhesives market. Brazil has some of the largest electronics manufacturing plants in Latin America.
- Additionally, the region is expected to have a strong base in electric vehicle production; among the automakers to be selling or considering to sell electric vehicles (EV) and hybrids in Brazil in Toyota, Volkswagen, Hyundai, Nissan, Chevrolet, Volvo, and BMW.
- Revival of automotive industry clubbed with advent of electrical vehicles is expected to help propel the growth of the market studied in the country.
- Hence, owing to the above-mentioned factors, Brazil is likely to dominate the market studied during the forecast period.
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