According to a recently released study, the global electronic adhesives market is estimated to be $5.71 billion in 2022 and is expected to reach $7.99 billion by 2027. It is anticipated that the market will show at a compound annual growth rate of 6.94% during the forecast period.
The report lists the following drivers of growth in the global electronic adhesives market: continuing expansion of electronic applications that increase electronic assembly productivity, the growing need for miniaturized electronic products, and rising demand due to the introduction of 5G networks. A factors restraining market growth is the fluctuating price of raw materials.
According to the report, manufacturers of adhesives for electronic applications can look forward to opportunities driven by advancements and developments in medical devices and the growing adoption of adhesives in electric vehicles. However, manufacturers could face challenges brought on by concern over the environmental impacts of electronic adhesives.
For more information about the report, Global Electronic Adhesives Market (2022-2027) by Materials, Product Type, Application, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis, visit: www.researchandmarkets.com.