Electrodes For Medical Devices Market Is Expected To Reach USD 2.0 Billion By 2025: By Grand View Research, Inc.

The global electronic adhesives market size was estimated at USD 3.28 billion in 2014. Soldering systems are substituted by electronic adhesives owing to enhanced conductive and thermal properties.

The global electronic adhesives 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.

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.

Electrically conductive adhesives 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 adhesives market is expected to witness significant gains over the forecast period on account of their increasing penetration across medical industry.

Browse full research report on Electronic Adhesives Market

Further key findings from the report suggest:

• Global electronic adhesives market demand was 1,103.3 kilo tons in 2014 and is expected to grow at a CAGR of 10.6% from 2015 to 2022.
• Surface-mount devices were the leading application segment and accounted for over 40% of the total market volume in 2014. The segment is also expected to witness most significant growth in its market size owing to significant development in chip-bonding and replacement of conventional PCBs with these components in key applications such as mother boards, processors, and flash drives.
• Asia Pacific was the largest regional market and accounted for over 50% of global demand in 2014. Large scale conformal coatings and surface mount devices manufacturing may be attributed to market size. This trend is expected to continue over the next seven years on account of rapid expansion of electronics industry in China, India, Taiwan and South Korea.
• China and India emerged as major markets both in terms of production and consumption. Favorable government initiatives such as “Make in India” have created significant avenues for future investments in terms of FDI for enhancing production capabilities within the region.
• Major companies with global electronic adhesives market share include Henkel AG & Co, Dow Chemicals and Hitachi Chemicals, HB Fuller, Kyocera Chemical Corp, 3M Company, Mitsui Chemicals LG Chemical Limited, and Indium Corporation.

For more information: http://www.grandviewresearch.com


Contact Details

Company Name: Grand View Research
Issued By: Sherry James
Phone: 1-415- 349-0058
Address: Grand View Research, Inc. 201 Spear St #1100, Suite #3036 San Francisco, CA 94105
City: San Francisco
State: CA
Zip: 94105
Country: United States
Website: Visit the website

Keywords : Electronic Adhesives Market, Electronic Adhesives Market Size, Electronic Adhesives Market Share, Electronic Adhesives Market Trends, Electronic Adhesives Market Analysis.,

by Sherry James (few years ago!)

Latest Press Releases

The Mad Hatter Now Offer a Full Line of Hearth Products and Full Line of Grills

Diabetes Insulin Delivery Pens Market Research Report 2018

Dr Kapadia Provides Tips to Patients Interested in Hair Transplant Procedures

love vashikaran specialist

Solar Blanket Sales Market Report 2018

Spring Bottled Water Market Insights, Forecast to 2025

Biochemical Incubator Sales Market Report 2018

Quinine Sulphate Sales Market Report 2018

Automotive Chassisc System Market Insights, Forecast to 2025

2,6-Dicarboxypyridine market size in key regions like North America, Europe, Asia Pacific an..

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.