Electronics Adhesives Market Plying for Significant Growth During 2020
Vendors
dealing in electronics adhesives have been offering customized
solutions based on client requirements – a trend that has enabled
most of them to establish a strong foothold in the market. A freshly
compiled business intelligence report by Transparency Market Research
(TMR) finds that in addition to this prominent trend, backward
integration in order to maintain easy and quality supply of raw
material will emerge as a new trend in the electronics adhesives
market.
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Report Overview @
“An
increasing number of players have been focusing on expansion
activities in several Asian countries such as China, India, and South
Korea,” the TMR analyst observes. “The growing demand for
electronics adhesives, the availability of an established customer
base and state-of-the-art manufacturing facilities, the increased
production of consumer electronics, and the strong presence of local
players present immense opportunities for companies in the
electronics adhesives market.”
Making
the most of these opportunities are several players, the most
prominent one being 3M Company in terms of revenue. Although the
company has a predominant presence in North America, it has been
investing heavily in Asia with the support of local vendors. The
promotion of its brands and enhancement of its production capacity
are the prime reasons behind 3M’s ongoing trend.
Overwhelming
Demand for Consumer Electronics in China to Override Impact of
Regulatory Restrictions
In
keeping with this trend, TMR has observed that developing economies
such as China and India are presently characterized by the rise of a
new class of consumers. “The surging disposable income of this new
class has resulted in the growing demand for automotive and consumer
appliances. This, in turn, drives the global demand for electronics
adhesives,” states the author of the study.
However,
strict regulations against volatile organic compound (VOC) emissions
from adhesive films are major concern in China. Despite being a
leading producer of electronics adhesives, initiatives taken by the
Chinese government to curb VOC emissions threaten to dampen the
growth of the electronics adhesives in China. Be that as it may, TMR
predicts that the massive production bases for and consumption of
semiconductors, smartphones, and tablets is sure to override the
negative impact of these regulatory restrictions in the coming years.
Another
factor boosting the electronics adhesives market is a surge in R&D
activities. “The dynamic nature of the industry and constant
changes in consumer expectations have compelled players to step up
efforts in the development of advanced electronics adhesives that are
in line with what the consumers want in terms of features,
technology, and performance,” the TMR analyst reveals.
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to view Sample Report:
Revenue
of Global Electronics Adhesives Market is Multiplying Rapidly
The
global electronics adhesives market volume is forecasted to rise at
12.03% CAGR from 2017 to 2020. The worldwide demand for electronics
adhesives is projected to surpass 1,941.8 million tons by 2020. In
terms of revenue, the global market is estimated to be worth
US$6,397.7 million by 2020, feeding-off the escalating shipment of
tablets and smartphones.
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Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
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