Electronics Adhesives Market to Exhibit Rapid Surge in Consumption in the COVID-19 Crisis

 Electronics adhesives are a type of glue which is used to assemble electronic components because it provides a high bond strength. Electronic adhesives have easy cures and resistance to water and many other chemicals. It also has a low thermal expansion coefficient, which increases electrical and thermal conductivity. They can also be used through portable system solutions such as sealing and assembly, PCB assembly, circuit board safety, fingerprint sensor, image sensor, flat panel display, and automotive. Low temperature, fast-curing liquids, reactive hot melts, light-curing materials, 2K liquids, polyurethane, silicone, and film are among some of the forms of electronic adhesives. 

By the end of 2027, the global demand for the electronic adhesives market is expected to reach US$ 14.0 billion in sales, rising at CAGR by 12.1 percent during the forecast period (2019 to 2027).

Market Opportunities

The growing focus of the main end-user industries on developing compact miniature components for the miniaturization of the final product is expected to offer the demand for electrical adhesives market potential growth opportunities. Miniaturization of electrical products, including such mobile devices and laptops, has increased the use of adhesives in encapsulation and conformal coating types of applications are further expected to increase the market growth of electronic adhesives over the forecast years. 

The growing focus of adhesive manufacturers on developing a safe and eco-friendly product such as halogen-free, solvent-free, lead-free and low VOC content is anticipated to spur market growth during the forecast period. In addition, shifting the attention of the manufacturer is trying to restrict the use of polyurethane-based on petroleum due to strict government rules and regulations is further expected to increase the growth of electronic adhesives on the market.

For More Information, Click Here:  https://www.globenewswire.com/news-release/2020/04/23/2021065/0/en/At-a-CAGR-of-12-1-Electronics-Adhesives-Market-to-Surpass-US-14-0-Bn-globally-by-end-of-2027-Says-CMI.html

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