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Electronic Adhesives Market To Reach $7.80 Billion By 2022: Grand View Research, Inc.SAN FRANCISCO, August 20, 2015 /PRNewswire/ -- The global electronic adhesive market is expected to reach USD 7.80 billion by 2022, according to a new report by Grand View Research, Inc. Electronic adhesives have enhanced intrinsic conductive and thermal properties which enable them to substitute soldering systems. Increasing significance of compact devices including flash drives, CDs, and communication drives is expected to drive demand over the forecast period. (Logo: http://photos.prnewswire.com/prnh/20150105/723757 ) Shift in trend toward miniaturization of electronic components has created need for these adhesives. Replacement of PCBs with multi-chip modules has also prompted product demand. PCBs are laminated plastic boards that utilized these adhesives in surface-mount components, bonding conformal coatings, wire tacking and encapsulating components. High installation costs for laminating & packaging machinery and product assembly are expected to remain key challenges for industry participants. Browse full research report with TOC on "Electronic Adhesives Market Analysis By Product (Thermal Conductive, Electrically Conductive, & UV Curing), By Application (Surface-Mount Devices, Potting & Encapsulation & Conformal Coatings) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/electronic-adhesives-market Electrically conductive adhesive emerged as the largest product segment and accounted for over 40% of total market volume in 2014. The segment is expected to gain share over next seven years on account of high demand across key end-use industries including automotive, building & construction and medical. UV curing adhesive market is expected to witness significant gains over the forecast period on account of their increasing penetration across medical industry. Further key findings from the report suggest:
Grand View Research has segmented the electronic adhesives market on the basis of product, application and region:
Browse related reports by Grand View Research:
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Read Our Blogs - terrapass.org, apavirginia.org, esorics2010.org, grandviewresearchinc.blogspot.com Contact: SOURCE Grand View Research, Inc. |