Increasing Demand from Automotive Industries Set to Propel Growth
Electronics applications in automotive include airbags, anti-lock braking system, black box, adaptive cruise control, drive by wire, satellite radio, telematics, emission control, traction control, automatic parking, in-vehicle entertainment systems, night vision, heads up display, back up collision sensors, navigational systems, tire pressure monitor, and climate control. High-end electronics are being used in automotive to provide the vehicle drivers and passengers with in-car navigation, entertainment, and information.
Growing automotive industry, coupled with the increasing application of electronics in the automotive sector is steering the demand for electronics adhesives.
Surface Mounting is Expected to Hold the Largest Share of the Application Segment
Surface mounting, also known as chip bonding, is the major application of adhesives in the electronics industry. It includes placing surface-mount-devices on beads or dots of UV curing adhesives and curing the adhesive to firmly, securely hold the aforementioned device at the requisite place, during further processing of the electronic equipment being manufactured. The types of adhesives used in this application are mostly one-component systems, made from acrylics, epoxies, or urethane acrylates, and can be either electrically or thermally conductive.
Asia-Pacific is Set to Dominate the Region During the Forecast Period
China is emerging as one of the biggest markets, both in terms of consumption and production of the electronic adhesives and accounts for slightly more than half of the total market in Asia Pacific, in 2017. Factors, like increasing urbanization, growing connectivity, and consistently growing automotive industry, 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 is driving the growth of electronic adhesives market. Apart from China, other countries, such as South Korea, Japan, and Singapore are also expected to witness significant growth during the forecast period.
Notable Developments in the Market
- September 2017: H.B. Fuller Company to acquire Royal Adhesives and Sealants
Reasons to Purchase this Report
- To understand the impact of increasing stringent regulations regarding VOCs on the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating resin type in the market
- Countries expected to witness the fastest growth during the forecast period
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet in excel
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1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing demand from automotive industry
4.1.2 Growing technological Advancements
4.2.1 Volatility in raw material prices
4.2.2 Regulations related to the VOCs
4.2.3 Globalization and operating costs
4.3.1 Increasing demand for Electric Vehicle
4.3.2 Other Opportunities
5. Market Segmentation and Analysis - (Market size, Growth, and Forecast)
5.1 By Resin Type
5.2 By Application
5.2.1 Conformal Coatings
5.2.2 Surface Mounting
5.2.4 Wire Tacking
6. Regional Market Analysis (Market size, Growth and, Forecast)
6.1 North America
6.1.1 United States
6.1.4 Rest of North America
6.2.2 United Kingdom
6.2.7 Rest of Europe
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 United Arab Emirates
6.5.3 South Africa
6.5.4 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & services, Recent Developments, and Analyst View)
9.1 BASF SE
9.2 Covestro AG
9.3 3M Company
9.4 Bostik SA
9.5 Avery Dennison Corporation
9.7 Adco Global Inc.
9.8 Sika AG
9.9 Ashland Inc
9.10 Illinois Tool Works Inc.
9.11 H.B. Fuller Company
9.12 Rpm International Inc.
9.13 Adhesives Research Inc.
9.14 Beardow & Adams (Adhesives) Ltd
9.15 Chemence Inc.
9.16 Henkel Ag & Company, KGAA
9.17 Huntsman Corporation
9.18 Pidilite Industries
9.19 Mapei SPA
9.20 Super Glue Corporation
9.21 Heng Ying Adhesive Co., Ltd
9.22 Ninghai Dingcheng Adhesive Co., Ltd.
9.23 American Biltrite, Inc.
..List not exhaustive
**Subject to availability of public domain
- BASF SE
- Covestro AG
- 3M Company
- Bostik SA
- Avery Dennison Corporation
- Dow Chemical Company
- Adco Global Inc.
- Sika AG
- Ashland Inc
- Illinois Tool Works Inc.
- H.B. Fuller Company
- Rpm International Inc.
- Adhesives Research Inc.
- Beardow & Adams (Adhesives) Ltd
- Chemence Inc.
- Henkel Ag & Company
- Huntsman Corporation
- Pidilite Industries
- Mapei SPA
- Super Glue Corporation
- Heng Ying Adhesive Co. LTD
- Ninghai Dingcheng Adhesive Co. LTD.
- American Biltrite Inc.