Global E-glue Market - 2020-2027
|出版日期||內容資訊||英文 180 Pages
|全球電子設備用黏劑市場(2020年∼2027年) Global E-glue Market - 2020-2027|
|出版日期: 2021年05月04日||內容資訊: 英文 180 Pages||
E-glue or electronic glue is a substance that acts as a binder between two surfaces and resists their separation in electronic assembly applications. These glues play a key role in production and of electronic components & products as well as assembly of electronic circuits. They are widely used in electronic industry for encapsulating components, wire tracking, and binding the surface-mount components.
The global e-glue market size was worth US$ XX billion in 2020 and further predicted to reach US$ XX billion by 2027, at a CAGR of XX% during the forecast period (2020-2027).
The growth of the global e-glue market is driven by growing demand for electrical & electronics devices both in developed and developing economies. Furthermore, it minimizes operations and labor costs for manufacturing, which is expected to fuel the global e-glue market. The factor propelling the growth of global e-glue market for chemical industry include growing production capacities and incessant investments in R&D across the globe and increasing investment for plant automation and inplementation of IoT solution in the production plants.
Bonding applications boost the demand of E-Glue
The demand for e-glue is majorly driven by the rising demand from printed circuit boards (PCBs). Moreover, the growth in applications such as wire tracking, hitting & encapsulation of components, conformal coatings of circuit boards, and bonding of surface mount components require various types of products such as electronic glue for bonding purposes. The improved demand for computers, laptops, smartphones, household appliances, industrial & power equipment, control & navigation systems, and aerospace monitoring & testing equipment requires a huge number of e-glue thus driving the market growth.
Electrically conductive glue segment increasing demand for E-Glue
According to market trend, electrically conductive glue is estimated to be the largest segment among the global electronic glue market, in terms of value. The electrically conductive glue is a great additional for conventional tin-lead bonds, as they provide better efficiency and are more cost-effective. These electronic glue is expected to observe a increased demand during the forecast period. Furthermore, the increase in demand can be attributed to speedy advancements in technology and end-use applications. Moreover, the glue is used to manufacture and protect high-performance electronic devices that are used in these network solutions. The market for electronic glue is also driven by the demand for mobile electronic and telecommunication devices is expected to boost the demand for the e-glue during the forecast period.
COVID-19 Impact Analysis
COVID-19 pandemic affected the global economy in many terms, such as directly affecting production and demand, supply chain disruption, and financial impact. COVID-19 has directly impacted the manufacturers' supply chain across the globe and shut down the production facilities to minimize the risk of virus spread. Therefore, the manufacturers are started investing to increase the production capabilities to meet the global market's updated demand. Despite the pandemic, there is growth in the overall electronic industry, which is expected to drive the e-glue's market size in the global market during the forecast period.
Based on the type, the e-glue market has been classified into acrylics, epoxies, polyurethanes, silicones, and others.
Acrylics segment accounted for a dominant market share in the global market
The acrylic segment is projected to be the largest and the fastest-growing resin type segment of globale-glue market. Acrylic polymer emulsions are environment-friendly adhesives and provide an adequate balance among shear, tack, and peel strength of the bond. These are generally free of solvents, and hence, are not combustible and non-toxic. The increasingly stringent regulatory framework for environment-friendly norms is expected to augment market growth.
Based on the application, the e-glue market has been classified into printed circuit board, semiconductor & ic, and others.
Printed Circuit Board segment dominated the global e-glue market in 2019
The global market is majorly driven by the rising demand for adhesives from printed circuit boards (PCBs). Printed circuit board (PCB) is the basic electronic product, which electrically connects the electronic components using conductive tracks drawn over it according to the requirement. Increasing demand for consumer electronics is dricing the demand for e-glue foe various applications such as wire tracking, potting & encapsulation of components, conformal coatings of circuit boards, and bonding of surface mount components. Moreover, a rapid Increase in demand for computers, laptops, smartphones, household appliances, industrial & power equipment, control & navigation systems, and aerospace monitoring & testing equipment are driving the demand for adhesive products is a significant volume. The Multiple layer circuit boards are laminated by non conductive substrate to insulate the conductive layers (generally made of copper). The electronic components i.e. resistor, capacitor, insulator, etc. are fixed on a PCB to carry out special task by soldering in a sequence which results in manufacturing of chips also require e-glue. The advancement in technology and introduction of PCB has halped electronics equipment manufacturers to reduce size and manufacture cost by switching from vacuum tubes & relays to integrated circuits & silicon. Growing demand for these products is likely to benefit the electrical & electronics adhesives market over the forecast period.
Based on geography, the study analyzes the e-glue market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
North America is Anticipated to a prominent market for e-glue market during the forecast period
North America is anticipated to account for a significant share in the global e-glue market owing to the presence of established, developed and technologically advanced electronic manufacturers in the region. This region leads in airspace & military equipment manufacturing which results in the growth of printed circuit board market in this region. Asia-Pacific is expected to be the fastest growth region in the global e-glue market within the forecast period due to rapid industrialization and urbanization in the countries such as India, China, Japan, and South Korea. Increasing demand for consumer electronics in the region owing to increasing population and increasing disposable income will drive the market growth during the forecast period.
The e-glue market is highly competitive, owing to the presence of big food brands. The key e-glue players which are contributing to the growth of the global market include Covestro, BASF SE, 3M Company, Bostik Sa, Avery Dennison Corporation, Dow Chemical Company, Royal Adhesives and Sealants, Sika Ag, Ashland Inc., ITW Performance Polymers (Illinois Tool Works Inc.), H.B. Fuller Company, RPM International Inc., and among others. The major players are adopting new product launch and expansion strategies for global growth in the e-glue market.
Overview: BASF SE is engaged in the production and distribution of chemicals across the globe. It is the largest producer of chemical products include materials and solutions, Chemicals - Agriculture - Paints & Coatings materials. The company also offers plastics, performance products, functional solutions, agricultural solutions, and oil and gas, and other materials. The company offers contract drying and contract fermentation services. It has operations in Africa, Asia Pacific, Central and Eastern Europe, Latin America, Middle East, North America, and Western Europe. BASF SE is headquartered in Ludwigshafen, Germany.
Product Portfolio: The company's portfolio comprises include materials and solutions, Chemicals - Agriculture - Paints & Coatings, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and other services.
The global e-glue market report would provide access to an approx. 48 market data table, 45 figures and 270 pages.
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