Strong Growth Opportunities Projected for Electronics Adhesives
Multiple factors are influencing immense demand for electronics adhesives around the world.
The electronics adhesives market is projected to top $6.3 billion this year, according to a recent business intelligence report by Transparency Market Research (TMR). Vendors dealing in electronics adhesives have been offering customized solutions based on client requirements; this trend that has enabled most of them to establish a strong foothold in the market. In addition, backward integration in order to maintain easy and quality supply of raw materials will emerge as a new trend in the electronics adhesives market.
“An increasing number of players have been focusing on expansion activities in several Asian countries such as China, India, and South Korea,” said the analyst who authored the study. “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.”