The Middle East & Africa electronics adhesives market size is projected to expand at a CAGR of 8% during the forecast period, 2021 – 2028. The growth of the market is attributed to increasing demand and penetration of electronic gadgets.
Electronic adhesive is a part of the electronic components that is used in the manufacturing as well as assembly of electronic circuits and products. It is mainly used in wire tacking, binding the surface-mount components, and encapsulating components. The raw materials used in the production of electronic adhesives include silicones, epoxies, polysulfides, polyurethanes, and cyanoacrylates.
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The major methods of applying adhesives in electronics applications includes screen printing which is squeezing the adhesive through patterns in a screen, pin transfer, which includes using multi-pin grids to convey patterns of adhesive drops to the board, and syringe application, in which shots of adhesive are delivered by a pressure-regulated syringe. Syringe application is the most preferred method, by way of electro-pneumatically-controlled syringes for moderate production of different types of printed circuit boards (PCBs).
Market Trends, Drivers, Restraints, and Opportunities:
Growing computers & servers, communications, and consumer electronics industries had led to significant growth of the market.Increasing demand for mobile electronic and telecommunication devices is excepted to propel the growth of the electronics adhesives market in the region.Technological advancement coupled with implementation of safety regulations for electronic applications is expected to boost the growth of the market during the forecast period.Rising production of the electric vehicles is excepted to boost the growth of the Middle East & Africa electronics adhesives market.High installation and product cost can hinder the market growth.Market Segment Insights
Acrylics segments to account a considerable market share
Based on resin types, the market is divided into epoxy, acrylics, polyurethane, and others. The acrylics segment is expected to account for a considerable market share during forecast period. This resin type exhibits sound chemical and physical resistance and ensures a long lifespan of the material application. Acrylic resin is expected to completely replace solvent-based acrylic resins in the paints & coatings applications due to environmental regulations regarding the VOC emissions.
Surface mounting segment to account a major market share
On the basis of applications, the market is segmented into conformal coatings, surface mounting, encapsulation, wire tacking, and others. The surface mounting segment to account for a major market share during the forecast period. Surface mounting are also known as chip bonding. Surface mounting adhesives are used to hold surface-mount technology components on a substrate that requires double-sided processing before it goes into a solder reflow or wave solder process. It adds extra holding power for larger components exposed to high shock environment.
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Regional Outlook
In terms of regions, the Middle-East & Africa electronics adhesives market is segregated into Saudi Arabia, South Africa, UAE, Qatar, and Rest of Middle East & Africa. Saudi Arabia is expected to dominate the market share during forecast period. Increasing focus on improving the safety of the vehicles in the country is increasing the demand for PCBs, boosting the market growth in the country.
Competitive Landscape
Key players operating in the Middle-East & Africa electronics adhesives market includes Henkel AG & Co. KGaA, Dow, H.B. Fuller Company, 3M, and Arkema.
Developments, mergers & acquisitions, and investment & expansion are the key strategies adopted by the major companies operating in the Middle East & Africa electronic adhesives market.
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