Adhesives Sealants Market for Handheld Devices -Overview
The surging production of manufacturing and assembling activities is estimated to bolster the Adhesives Sealants Market for Handheld Devices Industry. Reports created by MRFR detail the developments in the industry that can be expected in the market through the forecast period. The market is estimated to attain a valuation of USD 7,946.8 million by the end of 2023, increasing at a 7.21% CAGR in the coming period.
The development of the manufacturing sector globally is estimated to influence the adhesives sealants market for handheld devices market in the upcoming period. The expansion of the electronic devices use is estimated to promote the adhesives sealants market for handheld devices market in the near future.
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Segmental Analysis
The segmental assessment of the adhesives sealants market for handheld devices market is carried out on the basis of sealant types, application, adhesive types, and region. The adhesive type segment of the adhesives sealants market for handheld devices is segmented into pressure-sensitive adhesives, hot melt adhesives, waterborne adhesives, and solvent-borne adhesives. The sealant types segment of the adhesives sealants market for handheld devices is segmented into polyurethane sealants, epoxy sealants, silicone sealants, acrylic latex sealants, and butyl sealants. The application segment of the adhesives sealants market for handheld devices is segmented into laptops, hard disc drives, mobiles tablets, and medical devices. The adhesives sealants market for handheld devices includes Asia Pacific, Europe, North America, and other notable regions.
Detailed Regional Analysis
The regional review of the adhesives sealants market for handheld devices includes Asia Pacific, Europe, North America, and other notable regions. The Asia Pacific region is the largest adhesives and sealants for handheld devices market and states for more than 50% of the share in the global market, with a robust print of adhesive and sealant manufacturers along with the emerging electronics market in the region are a few of the factors nurturing the development of adhesive and sealants market for handheld devices in the region. Moreover, the factors such as rapid urbanization and cumulative spending on white goods in the emerging markets are anticipated to lift the demand for adhesive and sealants for handheld devices. In the Asia Pacific, the Southeast Asian countries offer market development due to its rise as the electronic device assembly center and the huge manufacturing base for various electronic devices such as laptops, mobile phones, and storage devices. The European region's market reports for the second principal market share for adhesives sealants for handheld devices, chiefly owing to leading producers in the region with larger product contribution in the region, which is shadowed by the North America regional market.
Competitive Analysis
The aid from government institutions is estimated to stimulate the global market's development in the coming years. The market may show restrained development due to the second wave of COVID cases resurgence in several regions. The continuance of lockdowns intermittently in several regions may cause obstacles to the market's development as resources such as labour and supply chains to become seriously impacted. The global market is estimated to see diversification in operating practices as newer models for operation and delivery come into place. The emphasis on creating reserves of resources to deal with unexpected situations is estimated to shape future market developments. The innovations and research being undertaken in the market are estimated to create promising growth options in the coming period. The reliance on online commerce for sales is estimated to show a significant spike in the forecast period, leading to more investment in its development by market stakeholders.
The important companies in the adhesives sealants market for handheld devices are Novachem Corporation, 3M, Dow Corning Corporation, H.B. Fuller, Henkel AG Co. KGaA, and Permabond, among others.
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Industry Updates:
Mar 2021 Elcam Drug Delivery Devices (E3D) is creating on-body delivery devices for subcutaneous bolus inoculations of medications beyond a clinical environment. E3D's On-body Bolus Injector (OBI) platform is intended to distribute subcutaneous doses of medications within a pre-determined injection period, lucratively and with a minimal necessity for patient, intervention can be stuck to the body with an adhesive pad built-in.
Mar 2021 Masimo declared the CE grading of the Rad-G with Temperature, a rugged handheld device that provides clinically confirmed SET pulse oximetry, respiration degree from the pleth (RRp®), and other significant parameters together with clinical-grade, non-contact infrared thermometry. Rad-G with Temperature is also well-matched with the massive collection of Masimo single-patient-use adhesive sensors combining Masimo RD SET® sensors, which offer best-in-class accuracy conditions.
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