During the forecast period 2015-2020, the global market for electronics adhesives is projected to soar to a new high of US$ 6,297.7 million (by 2020), delivering a substantial compound annual growth rate (CAGR) of 12.1%. The prediction comes in the publication, ‘Electronics adhesives market: Outlook for 2015-2020’.
Electronics adhesives are a class of specialty adhesives that find numerous applications in electronic devices and components used across diverse industries, of course, and, as such, have witnessed increased adoption in electronics assembly and electronics packaging applications, owing to a gamut of functional advantages that they offer. No wonder then that the global demand for electronics adhesives is expected to reach 1.9 million tons by the end of the forecast period.
Based on material type, the global electronics adhesives market is segmented into epoxies, polyurethanes, silicones, acrylics and ‘others’ segments. Among the aforementioned – according to Research and Markets, which is offering the full report for purchase on its website (www.researchandmarkets.com) – the acrylics segment is expected to witness the fastest growth, reaching US$1,983 million in value by 2020. The projected market value share of the acrylics segment is 31%, followed by the silicones segment, by 2020. According to Research and Markets forecast, the epoxies and polyurethanes segments are expected to witness a steady growth during the forecast period.
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