Market Research Report on Epoxy Adhesive Films and Preforms:Pin-Point Analysis For Changing Competitive Dynamics Epoxy Adhesive Films and Preforms: Introduction
Epoxy adhesive films and preforms are copolymers formed by mixing a resin and hardener through a process known as curing. Under the curing process, molecular chains react and form a covalent bond between the resin and the hardener. This results in a cross-linkage of the polymer, with high rigidity and strength.
Epoxy adhesive films and preforms are used as substitutes to welding and rivets, as welding can damage the object with the application of heat
Epoxy adhesive films and preforms are alternatives for liquid adhesives. They are easy to handle and require no solvents for dilution or cleaning. They also do not require metering or mixing, which is required for other adhesives, as epoxy adhesive films possess better ability to resist creep under sustained load.
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The usage of epoxy adhesive films and preforms has been increasing at a rapid pace since the last few years. They are used in various end-use industries such as construction, electrical & electronics, marine, aerospace & defense, and automotive.
Under the electronics & electrical segment, epoxy adhesive films are used for applications such as lid sealing, substrate, heat sink attachments, die, components and lid sealing. Epoxy adhesive films and preforms enable bonding of surface mount components on circuit board and do not produce volatiles at the time of curing.
Rise in demand for epoxy adhesive films and preforms in automotive, construction, marine, aerospace, and defense industries is expected to drive the global epoxy adhesive films and preforms market during the forecast period.
Epoxy Adhesive Films and Preforms Market: Segments
The global epoxy adhesive films market can be segmented based on product type, end-use, and region
In terms of product type, the global epoxy adhesive films market can be bifurcated into premixed frozen adhesive films and b-staged adhesive films. Premixed frozen adhesive films are a precise mixture of epoxy resin and hardeners and are shipped
at lower temperature, as they are fragile. They have a limited working life. Once thawed, these adhesives cure at slightly elevated temperatures, and offer a wide range of properties. B-staged adhesive films and preforms are solid epoxy adhesives that are partially cured by the formulator and are designed to be fully cured after application. B-staged adhesive films and preforms offer longer storage life with refrigeration and storage stability at ambient temperatures. B-staged adhesive films and preforms offer high bond strength and excellent resistance to chemicals and moisture. They are more rigid than premixed frozen adhesive films.
Based on end-use, the global market can be bifurcated into aerospace & defense, electrical & electronics, marine, construction, and others. Under the electrical & electronics segment, epoxy adhesive films and preforms are used in applications such as substrates, components, die, heat sink attachments, and lid sealing. Epoxy adhesive films and preforms are extensively employed in the electrical & electronics industry, as they enable bonding of surface mount components on circuit board and do not produce volatiles at the time of curing.
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Emergence of the new COVID strain in many developed and developing countries has adversely affected the health care infrastructure. Hospital staff, medicines, oxygen beds, and ventilators are in short supply. Supply chains are facing disruptions, leading to disturbances in production activities in many countries. This is adversely affecting the global epoxy adhesive films and preforms market.
On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
Asia Pacific to Dominate Epoxy Adhesive Films and Preforms Market
In terms of geography, the global epoxy adhesive films market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa
Asia Pacific is anticipated to constitute major share of the global epoxy adhesives films and preforms market during the forecast period. The epoxy adhesives films and preforms market in the region is likely to expand at a rapid pace due to expansion of developing economies such as China and India. Increase in demand for electronic gadgets led by the rise in disposable income of consumers has boosted the spending power of consumers. Additionally, technological
advancement and increase in product innovation are anticipated to propel the epoxy adhesives films and preforms market in the region.
The epoxy adhesive films market in Middle East & Africa is estimated to expand at a sluggish pace during the forecast period
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Chemicals and Materials Sector
The Epoxy Adhesive Films and Preforms market has been undergoing some remarkable growth dynamics, shaped increasingly by digital technologies and environmental sustainability concerns of product development. Over the decades, the feedstock variability and the onslaught of cheaper substitutes have squeezed in profit margins of the chemical and materials sector. On the other hand, the value chain of several businesses in the Epoxy Adhesive Films and Preforms market has undergone overhaul, increasingly rendering some aspiring players with greater control over the forces and demand. The penetration of Industry 4.0 in in the market has stirred game-changing trends for range of stakeholders in the overall chemicals and materials sector. Manufacturing and production environments of businesses in the Epoxy Adhesive Films and Preforms market are keen on formulating and implementing strategic frameworks that will turn them into digital enterprises.