Continued Growth Expected for Electronic Adhesives Market
Research and Markets recently announced the addition of a report entitled “Electronic Adhesives Market by Type, Form, Application and Geography—Regional Trends & Forecast to 2019.” Global market demand for electronic adhesives is estimated to reach a volume of 1,800 KT by 2019.
The electronic adhesives market is anticipated to show high growth rate in the coming years. As the market is technology driven, there will be investments for the development of new technology and products.
Currently, the electronic adhesives market is mainly concentrated in the Asia-Pacific region, followed by North America and Europe. The market in Asia-Pacific is reportedly estimated to grow at a high rate in the future.
Companies offering electronic adhesives are frequently involved in acquisitions. They rigorously follow the acquisition strategy to strengthen their position in the electronic adhesives market. The acquired player is sometimes a small company in a new market or a player with high technical expertise. In some cases, the companies have also acquired a relevant product line from another company.
Expansion and new product development were the next preferred growth strategies that accounted for 20% each of the total share of development activities undertaken by electronic adhesives participants. Expansion is preferred mostly by the first-tier companies.
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