Knowledge Sourcing Intelligence releases the publication of a new report on “Electrical And Electronic Adhesive Tape Market - Forecasts from 2019 to 2026” to their giving.
Electrical And Electronic Adhesive Tape market growth is driven primarily by Healthcare, electrical & electronics, and the automotive industries as they make up the bulk of demands for adhesive tapes, as manufacturers are investing heavily in developing new materials that have improved performance.
In accordance with the report, the Electrical And Electronic Adhesive Tape Market is expected to grow steadily over the forecast period.
Conductivity and heat resistance of electrical and electronic equipment are taken into account when designing adhesive tapes. Manufacturers use these tapes to eliminate screws and bolts in order to reduce the size of the device, which is leading to their increasing adoption in producing smartphones, tablets, smartwatches, laptops, and more. As a result of a growing market in emerging markets, the electronics industry is growing rapidly. In the forecast period, these industries are expected to have healthy growth and increase their device demand. Global markets are also experiencing growth due to factors such as an increase in the middle-class population and a rise in per capita disposable income, particularly in developing countries like China and India.
The market is segmented by Coating Technology into Solvent-based, Hot-melt based and Water-based. The solvent Based coating is projected to witness the highest share for electric adhesive. Packaging, tapes, and medical applications frequently use solvent-based adhesives. Solvent-based adhesives are effective on porous as well as non-porous surfaces, just leaving behind the bonding agent after drying. Mobile electronic devices such as smartphones, tablet computers, wearable electronics, wireless speakers, and other mobile electronic hardware are being assembled using hot-melts.
In terms of geography, the Electrical And Electronic Adhesive Tape market is segmented into North America, Europe, South America, the Middle East and Africa, and the Asia Pacific. As the largest market for adhesive tapes, APAC is also expected to grow at the highest rate during the forecast period. With the development of electrical & electronics, healthcare, and automotive industries, the region is experiencing strong growth. China, India, Brazil, South Africa, and Indonesia are expected to witness significant growth during the forecast period, while more developed markets such as the U.S., Germany, Japan, and the UK will experience slow to no growth. As the leading contributor, China is expected to benefit greatly from high demand from heavy industries and the consumer goods sector. APAC has also seen an increase in the production of low-priced tapes due to its low raw material costs and easy accessibility of cheap labor, which led to the growth of the adhesive tapes market in this region.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-electrical-and-electronic-adhesive-tape-market
The analytics report has segmented the Electrical And Electronic Adhesive Tape market on the following basis: