Market Research Future published a Cooked Research Report on Adhesives & Sealants for Handheld Devices Market.

Market Highlights:

Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global adhesives & sealants market for handheld devices was valued at USD 4,882.6 million in 2016 and is expected to grow at 7.21% CAGR to reach USD 7,946.8 million by the end of 2023. Adhesives & sealants for handheld devices are gaining traction in the global market with the rapidly changing technologies allied with the portable gadgets and devices such as mobile phones & tablets, gaming laptops and detachable laptops among others. The design sophistication of latter mentioned devices and the miniaturization trend requires bonding agents that doesn’t jeopardize the quality and performance of these devices, which in turn is driving the global market.

In the current market scenario, the smartphones do not limit to the urban population, it has found its way into the lives of semi-urban and rural population, owing to the increasing number of mobile phone manufacturers offering smartphones at affordable prices. For instance, the global shipment of mobile phones and smartphones was pegged at 2.2 million units in 2016, which is expected to be pegged at 2.6 million units towards the end of 2023. Thus, considering this growth coupled with the rise in population, and new entrants in the smartphone industry, the global market for adhesives & sealants is expected to register a healthy growth over the forecast period.

Access Report Details @ https://www.marketresearchfuture.com/reports/adhesives-sealants-handheld-devices-market-3865

Segment Analysis

The global adhesives & sealants market for handheld devices is segmented on the basis of adhesive types, sealant types, application and region. On the basis of adhesive type, global adhesives & sealants market for handheld devices is segmented into hot melt adhesives, pressure sensitive adhesives, waterborne adhesives, and solvent borne adhesives among others. Based on sealant types the market is segmented into— silicone sealants, polyurethane sealants, acrylic latex sealants, epoxy sealants, and butyl sealants among others. Based on application, the global adhesives & sealants market for handheld devices is segmented into— mobiles & tablets, laptops, hard disc drives, and medical devices among others.

With the ever changing demand for sophisticated communication devices and gadgets from the tech-savvy consumers, the manufacturers of these devices are coming up with innovative devices to quench the consumer demand. Thus, the rapidly changing technological aspects in the field of telecommunication and wireless communications devices has resulted in miniaturization of electronic components and adoption of non-traditional materials for construction of electronic components to be used in the handheld devices. Subsequently, the demand for innovative bonding agents matching the material chemistry of the components used in the handheld devices has surged. For instance, H.B. Fuller, a renowned name in the market for adhesive and sealant technologies for portable devices has come up with innovative solution for thinner and lighter LCD screens. The product offers excellent adhesion performance, and also allows fast curing time with UV-LED cold light, which in turn optimizes the manufacturer’s productivity. On the plus side, the product being a greener adhesive it releases no VOC’s, addressing the sustainability factor.