BANGALORE -- The global electronics adhesives market will reach $5.8 billion by 2020, a five-year compound annual growth rate of 9.3%, says a new research report.

The market, valued at $3.4 billion in 2014, will see demand rise primarily in the Asia-Pacific region. Already the largest market, Asia-Pacific is expected to continue its leading position and dominate the market by 2020, with advanced technological developments in the electronic adhesives market for end-users, says thre report's authors, Mordor Intelligence.

The market is technology-driven and will benefit from investments toward development of new technology and products. UV-curing adhesives are expected to experience the fastest growth; however, electrically conductive and thermal conductive adhesives are the leaders and act as an alternative to tin-lead solders, Mordor said.

The longstanding trend toward miniaturization of electronics components has resulted in more use of adhesives for fastening. In addition, as the use of electronics grows in the automotive sector, the demand for adhesives in automotive electronics is also growing.

Advances in technology and implementation of tighter safety standards are also expected to be factors.

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