The electronic adhesives market share is projected to grow up to USD 1.43 billion, accelerating at a CAGR of 4.73% during the forecast period. The electronic adhesives market is driven by technological advancements in adhesives. However, the fluctuating raw material prices may hamper the market growth. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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One of the primary factors that will trigger the growth of the electronic adhesives market size is the increased use of electronics in automobiles. Technological advancements such as thermal management, electrical resistant, and radiation resistance in adhesives for uses in the electronics industry will increase the electronic adhesives market growth during the forecast period.
In addition, product launches are one of the key electronic adhesives market trends contributing to the market growth. However, the fluctuating raw material prices will hamper the market growth. Technavio's electronic adhesives market report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their businesses.
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
3M Corp., Arkema SA, Chemence Inc., Dexerials Corp., The Dow Chemical Co., Dymax Corp., Elkem ASA, EpoxySet Inc., Evonik Industries AG, H.B. Fuller Co., Henkel AG and Co. KGaA, Heraeus Holding GmbH, Hernon Manufacturing Inc., Hitachi Chemical Co. Ltd., Indium Corp., Kyocera Corp., LG Chem Ltd., Master Bond Inc., Parker Hannifin Corp., and DuPont de Nemours Inc. are some of the major electronic adhesives market vendors. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download the Free PDF Sample Report