“Increasing trend of miniaturisation and growing use of smartphones is boosting the global electronics adhesives market

Increasing focus on miniaturisation of mobile phones and tablets has led to a surge in demand for smaller electronic components, which are further assembled using adhesives. Smartphones and tablets play a vital role in revenue contribution to the overall consumer electronics market. Worldwide shipments of connected devices including smartphones, tablets and PCs is expected to reach 2.5 Bn units by the end of 2017, reflecting significant market demand for electronics adhesives.”

— Analyst – Chemicals & Materials, Future Market Insights

The global electronics adhesives market is estimated to be valued at roughly US$ 4,000 Mn by 2017 end and is expected to register a CAGR of 8.2% over the forecast period to reach about US$ 8,800 Mn by the end of 2027. Globally, the consumption of electronics adhesives is estimated to be pegged at 1,423 (‘000 Tons) in 2017 and is expected to exhibit a CAGR of 7.0% over the forecast period to reach 2,794 (‘000 Tons) by the end of 2027.

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Expanding electronic industry is encouraging the growth of the global electronics adhesives market, especially in APEJ

The electronics industry is a broad economic sector, which covers advanced technologies in the productive, industrial and consumer goods market. The electronics and electrical industry is a flourishing and diversified sector, which is growing at a rapid pace owing to inventions in novel technologies coupled with customers inclining towards electronic devices and services. The electrical and electronics industry is experiencing remarkable changes due to continuous research and development investments, which has led to augmented production capacity as well as higher value added products. In Asia, the electronics industry accounts for around 20%-50% of the overall exports from most of the countries. Most of the superior quality consumer electronics such as TV, mobile phones, radios and computers come from the ASEAN countries. Moreover, over 80% of the world’s hard drives are also developed in the ASEAN region. Additionally, Thailand is one of the largest electronic devices assembly bases in Asia with over 2,300 companies powered by a 400,000 labour force. It is a world leader in manufacturing hard drives, semiconductors and integrated circuits. Thailand is also ASEAN’s prominent electrical appliances production base. This thriving market for the electronics industry is boosting the growth of the global electronics adhesives market.

Growing investment in the electronics industry in the APEJ region boosting electronics adhesives market revenue growth

The ASEAN region has greatly benefited the electronics industry by integrating production networks, which foster enhanced trade with larger Asian economies such as China. However, China plays an essential role in the Asian electronics industry, not as a competitor but as a growing market. China is a product assembly base and imports various components and parts from several Asian countries and exports it worldwide. In January 2016, China’s Ministry of Industry and Information Technology in partnership with an industry group and Ping An Bank planned to set up a US$ 30 Bn fund for the electronics industry in China. The creation of this fund will help address the issues faced by small and medium electronics manufacturers who have folded recently, expand the country’s technology capabilities and support the country’s significant electronics supply chain.

Cyclic production of electronics parts may hamper the growth of the electronics adhesives market

The electronics industry is one of the most dynamic sectors of the economy. The rapid surge in the growth of the electronics industry has impelled dramatic changes in electronic parts manufacturing. Consequently, systems, components, and devices get obsolete at a faster rate in the rapidly changing technology market. Various electronic parts that compose a product have a life cycle that is significantly shorter than the life cycle of the product owing to various economical as well as technological reasons. The part becomes obsolete when it is no longer manufactured either due to drop in the demand to low enough levels that it is not practical for manufacturers to continue with the part; or because of unavailability of material or technology to produce it. However, unless the new system being designed has a short life, or the product is the driving force behind the part’s market, there is a high probability of a life cycle mismatch between the parts and the product. Additionally, most of the electronic parts pass through several life cycle stages corresponding to changes in parts sales. This life cycle mismatch issue requires that during design, engineers be familiar with which parts will be available and which parts may be withdrawn from the market.

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Global Electronics Adhesives Market Attractiveness Analysis by Product Type

The Electrically Conductive product type segment dominated the global electronics adhesives market in revenue terms in 2016, and the trend is projected to continue throughout the forecast period. The segment is expected to represent market attractiveness index of 1.4 over the forecast period. The Thermally Conductive product type segment is expected to represent market attractiveness index of 1.0. Ultraviolet curing product segment is expected to represent a market attractiveness index of 1.2, due to its use in a wide range of applications for circuit protection and electronic assembly. It also contains solvents as well as halogen free materials. The Others product type segment is expected to remain the least attractive segment in the global electronics adhesives market in revenue terms with an attractiveness index of 0.4 over the forecast period.