SAN JOSE -- The global electronic adhesives market will grow at a compound annual rate of 10.9% from 2017 to 2025, says a new research report.

Credence Research says the adhesives market will rise from $4.69 billion in 2016 on increasing demand from the encapsulation and electronics industry, increasing R&D activities, circuit molding industries and emerging economies in Asia-Pacific region.

The electronic adhesives market is relatively competitive and consolidated with large number of players. Dominant players include Alpha Assembly, BASF, Dow Chemical, H.B. Fuller, and Henkel.

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