[FURL=https://www.industryarc.com/Research/Acrylic-Adhesives-In-Electronics-Market-Research-502860?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Acrylic Adhesives in Electronics Market[/FURL] is forecast to reach $5.1 billion by 2026, after growing at a CAGR of 6.8% during 2021-2026. For bonding to bare metals, composites and a vast range of thermoplastic materials, acrylic-based structural adhesives offer world-class performance. Acrylic adhesives are the best alternative for electronics due to the combination of excellent cure kinetics at room temperature and reduced need for surface preparation.Key Takeaways
Asia-Pacific dominates the Acrylic Adhesives in Electronics market owing to matured electronics industry especially among South East Asian countries.
Demand for environmental benefits, such as reduced emissions of volatile organic compounds (VOC) and aesthetic bonding solutions for different substrates, is expected to further drive acrylic adhesive in electronics market.
The market drivers and restraints have been assessed to understand their impact over the forecast period.
The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The other key areas of focus include the various applications and end use industry in PVC Additives market and their specific segmented revenue.
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Acrylic Adhesives in Electronics Market Segment Analysis - Geography
APAC dominated the Acrylic Adhesives in Electronics market with a share of more than 45% in 2020, followed by North America and Europe. Japan is one of the mature markets for electronics industry. Global production by Japanese electronics and IT companies is projected to decrease by 5% year-on-year to ¥35,200 billion ($329.89 billion) in 2020 due to decreased exports resulting from the decrease in car and smartphone sales induced by restrictions on mobility and leaving the home according to Japan Electronics and Information Technology Industries Association (JEITA). However, due to the higher demand associated with digital transformation (DX) as a new source of value creation, including automated and increasingly sophisticated data use, positive growth should return in 2021, up 3 percent to ¥ 36,300 billion ($340.20 billion).
Acrylic Adhesives in Electronics Market Drivers
Miniaturization of Electronic Components will augment the market growth
R&D and growing Consumption of Consumer Electronics will drive the demand for Acrylic Adhesives in Electronics
Acrylic Adhesives in Electronics Market Landscape
Major players in the Acrylic Adhesives in Electronics market are Akzo Nobel NV, Allnex Netherlands B.V., BASF SE, Belami Fine Chemicals Pvt. Ltd., ALTANA, Henkel AG & Company, 3M Company, Dymax, Hitachi Chemical, Jowat SE and Others.
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