Electronic Adhesives Market Opportunity to become USD 6.97 Bn. By 2029

Electronic Adhesives Market was valued at USD 4.57 Billion in 2022, and is expected to reach USD 6.97 Billion by 2029, exhibiting a CAGR of 6.2 % during the forecast period (2023-2029) Adhesives are the materials that act as a binder between two surfaces and prevent them from separating. Raw materials such as epoxies, silicones, cyanoacrylates, polyurethanes, and polysulfides are used to make electronic adhesives. They are a type of electrical component used in the assembly and fabrication of electronic circuits and products. Furthermore, these adhesives might be used as coatings to protect the circuit board from damaging external variables like as temperature, moisture, fluctuations, and corrosion. They are mostly utilised in computer and server hardware, communications, consumer electronics, industrial, medical, and automotive applications. During the forecast period, the rapidly developing electronic sector will fuel growth in the electronic adhesives market. The electronic business is flourishing due to rising consumer goods demand, the deployment of next-generation wireless 5G infrastructure networks, and rising demand for smartphones and other electronic gadgets. As a result, it helps to increase product consumption. Furthermore, the qualities such as higher efficiency and lower cost make electrically conductive adhesives a more sustainable solution than traditional tin-lead solders. As a result, these factors will help to fuel market growth. However, changes in raw material pricing have an influence on total demand for electrical products. This reduces product demand and is expected to limit Electronic Adhesives market growth.Electronic Adhesives MarketTo know about the Research Methodology:-Request Free Sample Report

Electronic Adhesives Market Dynamics

North American electronic assembly industry’s technological advances an opportunity for Electronic Adhesives Market With continual technical breakthroughs and improvements in the North American electronic assembly business, electronic adhesives have surpassed lead solders in the area. In terms of consumer electronics usage, this area reigns supreme. North America has the most electronic chemical and material industries that are always implementing newer kinds of technology. Dow Chemical Company (US) has dominated the electronic adhesives market due to its unrivalled product quality. The players' constant innovations, R&D efforts, and development strategies, such as The 3M Company (US) and H.B. Fuller (US), provide a chance for the creation of eco-friendly, non-toxic electronic adhesives for electronics and semiconductors applications. Increasing need for electronic device miniaturization/automation Surface-mounting, assembling substrates on PCBs and semiconductors, potting & encapsulations, and manufacturing & assembly of electronic circuits and products are the primary applications for electronic adhesives. Computers, communications, consumer products, industrial, medical, and automotive are all part of the electronics market. Electrical adhesives of various sorts and shapes are required for various electronic goods. The growing need for miniaturization/automation of mobile devices, touch screens and displays, and medical electronic equipment is propelling the global electronics sector forward. Electronic adhesive use has increased due to increased demand for these items. Electronic Adhesives' Commercial Potential The growth of the mobile and telecommunications industries is expected to have a significant influence on demand for electronics adhesives. This amazing development pattern is expected to continue over the forecast period, particularly with the introduction of Internet of Things (IoT) technology. Electronic adhesives are used in a wide range of end-use applications, including mobile phones and telecommunications, desktop and network computers, TVs, household appliances, automotive electronics, aerospace and military, analytical and measurement instruments, and medical equipment. Device miniaturisation is increasing demand for high-performance adhesives. Electronic gadget downsizing and greater performance capabilities are on the rise. Along with these technological advancements, the need to improve adhesive performance requirements to withstand high performance circumstances and offer sufficient outcomes would grow. As a result, adhesive makers would be required to enhance performance criteria for thermal conductivity, electrical conductivity, endurance in extreme environments, optical clarity, and cure speed. Demand and production capacity are gradually shifting to emerging countries for Electronic Adhesives Market Electronics markets are well-established in developed nations such as the United States, Canada, Germany, the United Kingdom, and France. These are mature markets for electronic adhesives that have nearly exhausted the opportunity for further development, resulting in lower growth prospects. As a result, demand for electronic chemicals and materials has gradually shifted from North America and Europe to the Asia-Pacific region. One of the primary reasons for this movement is that Asia Pacific is seen as a rising market for electronic chemicals and materials due to the presence of numerous developing countries in the area, including China and India. Another key factor driving the migration is the region's low-cost manufacturing. Europe's ongoing loss of supremacy is prompting a market shift toward Asia Pacific, as Henkel AG & Co. KgaA (Germany), The 3M Company (US), and others are expanding and responding to increased demand in Asia Pacific's emerging economies. Due to the high price ranges for electronic adhesives, the growing relocation of manufacturing plants and raw material suppliers to Asia Pacific has boosted the import of adhesive materials from the area.

Electronic Adhesives MarketElectronic Adhesives Market Segment Analysis

Epoxy Resin Segment is the fastest-growing Resin Type of the Electronic Adhesives Market Epoxy segment dominated the electronic adhesives market in 2022. The most often utilised resin type for electronics adhesives is epoxy. Acrylic has distinct properties like improved stain resistance, more water resistance, better adhesion, greater resistance to cracking and blistering, and resistance to alkali cleaners. This resin-type category is expected to be driven by epoxy resin at a high CAGR of xx%. the  Polyurethane accounts for around xx% of the global electronics adhesives market. Polyurethane, acrylics, silicones, and epoxy are the resin types used in electronic adhesives. the Polyurethane is gaining popularity among consumers because to benefits such as temperature resistance and a longer life cycle. Polyurethane is expected to be a key growing segment of electronics adhesives with a xx% CAGR due to these properties. Thermally Conductive Adhesives is the Fastest-Growing Product Type of the Electronic Adhesives Market. In 2022, the thermal conductive products segment was valued at USD xx billion. Heat-related issues in components can lead to the breakdown of electrical and electronic equipment. In such instances, thermal conductive items offer heat-conducting channels and resist growing heat. Some of the most prevalent resin types utilised in the items include silicone, epoxy, and acrylic. The electrically conductive product sector is expected to grow at a CAGR of xx% during the forecast period. Surface mount devices and integrated circuits, for example, require electrical conductivity to function correctly. Product efficiency and cost-effectiveness are expected to contribute to market growth. Over the forecast period, the UV curing product category is expected to grow at the fastest rate. High-performance electrical and electronic gadgets necessitate superior insulation and thermal conductivity, which would likely aid the segment's growth. Polyimides, silicone, and cyanoacrylates are other goods in this category. Communications is the Largest End-Use Industry of Electronic Adhesives Market. In terms of both value and volume, communications is the most important end-use electronic adhesives market. The transition from wired to fiber-optic communication between data centres and racks is putting a strain on optical transceiver capabilities and amplifying the heat created by fast speeds and large data volumes. To meet the demands of 5G, electronic adhesives assist enhance performance by regulating the growing heat created, connecting crucial components, and shielding sensitive gadgets. The need for mobile electronic and telecommunication gadgets also drives the electronic adhesives market. They provide simple applications, quick processing times, and good durability for long-term use. Silicones, epoxies, and UV/visible light curing chemicals are critical components in optomechanical systems used by network businesses, wireless or broadband providers, and mobile makers.

Regional Insights

Asia Pacific is a rapidly developing market with several potential for diverse industry participants. Because of the availability of affordable raw materials, low manufacturing costs, and the desire to better service the local market, the majority of the big players in North America and Europe want to relocate their production base to this region. In this region, the growing need for non-toxic and eco-friendly electronic adhesives in semiconductor & circuit assembly and die-attachment applications has led to an increase in the usage of electronic adhesives as a substitute for tin-lead solders. During the forecast period, China will continue to be a profitable regional market. China's GDP is estimated to reach USD xx billion in 2022. One of the primary drivers of the country's growth. Because China is the world's largest producer of electronic devices and circuits, development prospects in the next years will be quite promising. Despite the impact of the covid-19 epidemic, commodities prices have stabilised in the second half of 2020, offering long-term market prospects that have a beneficial influence on the global electronic sector. Because of these considerations, China remains one of the world's top markets for electronics adhesives, making it a lucrative area for producers. India is estimated to produce a total absolute opportunity of USD xx Mn. The mobile and telecommunications industries drive the demand for electronics adhesives. Furthermore, the country's automotive sector is rapidly increasing, creating a demand for key raw material supply. The Furthermore, India is the world's second-most populous country, creating considerable prospects for industry participants. Furthermore, Indian businesses are investing in aerospace and defence industries, which is opening up new potential for electronic device and circuit producers. the Japan is the East Asia region's second largest market for electronics adhesives after China, with a market value of USD xx million in 2022. Japan is well-known for its technical innovation, R&D, and industrial activity. Japan is a global leader in industrial automation and robotics, which drives enormous demand for electronic devices and circuits. The rising tendency of shrinking of existing electrical items will be advantageous as well. Electronic Adhesives Market Research Methodology The research process comprises the investigation of various factors affecting the industry, such as historical data, market environment, technological innovation, upcoming technologies, government policy, competitive landscape and technical progress in related industries, as well as current market trends, market risks, opportunities, market barriers, and challenges. Primary and secondary methods are used for collecting the data in the report. Secondary sources, such as annual reports, press releases, industry associations, non-profit groups, governmental agencies, and customs data, account for around 25% of data sources. Secondary sources, directories, and databases such as Factiva (Dow Jones & Company), Bloomberg Business, Hoovers, Wind Info, Statista, Trading Economics, and Avention, Investing News Network, Federal Reserve Economic Data, annual reports, investor presentations, and SEC filings of companies are included in the research report. To deliver the final quantitative and qualitative data, all possible components impacting the markets included in the report were investigated, extensively researched, validated through primary research, and reviewed. Bottom-up technique has been used in the market engineering process, along with several data triangulation methodologies, to estimate the market and forecast the overall market segments and sub-segments covered in the report.

Scope of the Report

Product classification, product application, product technology, industry overview, competitive landscape, industrial chain structure, national policy and planning analysis of the industry, development trend, the most recent dynamic analysis are included in the report. The report examines the influence of market drivers, trends, opportunities, challenges, and restraints on global demand during the forecast period. The Xxx competitive landscape includes information about each competitor, such as company overview, market potential, company financials, revenue generated, new market initiatives, investment in R&D, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The research uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making.

Electronic Adhesives Market Scope: Inquire before buying

Electronic Adhesives Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 4.57 Bn.
Forecast Period 2023 to 2029 CAGR: 6.2% Market Size in 2029: US $ 6.97 Bn.
Segments Covered: by Resin Type Epoxy Silicone Polyurethane (PU) Acrylic Others
by Form Liquid Paste Solid
by Product Type Electrically Conductive Adhesives Thermally Conductive Adhesives Others
by End-Use Computers Communications Consumer Electronics Industrial Medical Transportation Commercial Aviation and Defense
by Region North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Key Players are:

1. 3M Company (US) 2. Meridian Adhesives Group LLC ( US) 3. Dymax Corporation (US) 4. AVERY DENNISON CORPORATION (US) 5. H.B Fuller Company (US) 6. Master Bond Inc. (US) 7. Ellsworth Adhesives India PTY Limited (India) 8. Parker Hannifin Corporation (US) 9. DOWDuPont US) 10.Bondline Electronic Adhesives, Inc (US) 11.Creative Materials Inc (US) 12.Panacol-Elosol GmbH (Germany) 13.Evonik Industries AG (Germany) 14.BASF SE (Germany) 15.Heraeus Holding (Germany) 16.Henkel AG & Co. KGaA (Germany) 17.Tesa SE (Germany) 18.Bostik (France) 19.CondAlign As (Norway) 20.LG Chem Ltd. (South Korea) 21.Hitachi Chemical co., ltd. (Japan) 22.DIC Corporation (Japan) Frequently Asked Questions: 1] Which region has major electronic adhesives companies in the world? Ans. North America has the major electronic adhesives companies in the world. Dow Chemical Company (US) has dominated the electronic adhesives business due to its unrivalled product quality. The players' constant innovations, R&D efforts, and development strategies, such as The 3M Company (US) and H.B. Fuller (US), contributes to the market share in the region. 2] Which are the major companies currently expanding from Europe region to Asia Pacific? Ans. Europe's ongoing loss of supremacy is prompting a market shift toward Asia Pacific, as Henkel AG & Co. KgaA (Germany), The 3M Company (US), and others are expanding and responding to increased demand in Asia Pacific's emerging economies. 3] Which resin type is estimated to hold the largest share in electronics adhesives market? Ans. Epoxy segment is estimated to hold the largest market share in electronic adhesives market. 4] Which country is a global leader in industrial automation and robotics? Ans. Japan is a global leader in industrial automation and robotics, which drives enormous demand for electronic devices and circuits. The rising tendency of shrinking of existing electrical items will be advantageous as well. 5] Which region is a rising market for electronic chemicals and materials? Ans. Asia Pacific has seen as a rising market for electronic chemicals and materials due to the presence of numerous developing countries in the area, including China and India.
1. Global Electronic Adhesives Market Size: Research Methodology 2. Global Electronic Adhesives Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Electronic Adhesives Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Electronic Adhesives Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Electronic Adhesives Market Size Segmentation 4.1. Global Electronic Adhesives Market Size, by Resin Type (2022-2029) • Epoxy • Silicone • Polyurethane (PU) • Acrylic • Others 4.2. Global Electronic Adhesives Market Size, by Form (2022-2029) • Liquid • Paste • Solid 4.3. Global Electronic Adhesives Market Size, by Product Type (2022-2029) • Electrically Conductive Adhesives • Thermally Conductive Adhesives • Others 4.4. Global Electronic Adhesives Market Size, by End-Use (2022-2029) • Computers • Communications • Consumer Electronics • Industrial • Medical • Transportation • Commercial Aviation and Defense 5. North America Electronic Adhesives Market (2022-2029) 5.1. North America Electronic Adhesives Market Size, by Resin Type (2022-2029) • Epoxy • Silicone • Polyurethane (PU) • Acrylic • Others 5.2. North America Electronic Adhesives Market Size, by Form (2022-2029) • Liquid • Paste • Solid 5.3. North America Electronic Adhesives Market Size, by Product Type (2022-2029) • Electrically Conductive Adhesives • Thermally Conductive Adhesives • Others 5.4. North America Electronic Adhesives Market Size, by End-Use (2022-2029) • Computers • Communications • Consumer Electronics • Industrial • Medical • Transportation • Commercial Aviation and Defense 5.5. North America Electronic Adhesives Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Electronic Adhesives Market (2022-2029) 6.1. Europe Electronic Adhesives Market, by Resin Type (2022-2029) 6.2. Europe Electronic Adhesives Market, by Form (2022-2029) 6.3. Europe Electronic Adhesives Market, by Product Type (2022-2029) 6.4. Europe Electronic Adhesives Market, by End-Use (2022-2029) 6.5. Europe Electronic Adhesives Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 7. Asia Pacific Electronic Adhesives Market (2022-2029) 7.1. Asia Pacific Electronic Adhesives Market, by Resin Type (2022-2029) 7.2. Asia Pacific Electronic Adhesives Market, by Form (2022-2029) 7.3. Asia Pacific Electronic Adhesives Market, by Product Type (2022-2029) 7.4. Asia Pacific Electronic Adhesives Market, by End-Use (2022-2029) 7.5. Asia Pacific Electronic Adhesives Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest of APAC 8. Middle East and Africa Electronic Adhesives Market (2022-2029) 8.1. Middle East and Africa Electronic Adhesives Market, by Resin Type (2022-2029) 8.2. Middle East and Africa Electronic Adhesives Market, by Form (2022-2029) 8.3. Middle East and Africa Electronic Adhesives Market, by Product Type (2022-2029) 8.4. Middle East and Africa Electronic Adhesives Market, by End-Use (2022-2029) 8.5. Middle East and Africa Electronic Adhesives Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest of ME&A 9. South America Electronic Adhesives Market (2022-2029) 9.1. South America Electronic Adhesives Market, by Resin Type (2022-2029) 9.2. South America Electronic Adhesives Market, by Form (2022-2029) 9.3. South America Electronic Adhesives Market, by Product Type (2022-2029) 9.4. South America Electronic Adhesives Market, by End-Use (2022-2029) 9.5. South America Electronic Adhesives Market, by Country (2022-2029) • Brazil • Argentina • Rest of South America 10. Company Profile: Key players 10.1. 3M Company (US) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Meridian Adhesives Group LLC ( US) 10.3. Dymax Corporation (US) 10.4. AVERY DENNISON CORPORATION (US) 10.5. H.B Fuller Company (US) 10.6. Master Bond Inc. (US) 10.7. Ellsworth Adhesives India PTY Limited (India) 10.8. Parker Hannifin Corporation (US) 10.9. DOWDuPont US) 10.10. Bondline Electronic Adhesives, Inc (US) 10.11. Creative Materials Inc (US) 10.12. Panacol-Elosol GmbH (Germany) 10.13. Evonik Industries AG (Germany) 10.14. BASF SE (Germany) 10.15. Heraeus Holding (Germany) 10.16. Henkel AG & Co. KGaA (Germany) 10.17. Tesa SE (Germany) 10.18. Bostik (France) 10.19. CondAlign As (Norway) 10.20. LG Chem Ltd. (South Korea) 10.21. Hitachi Chemical co., ltd. (Japan) 10.22. DIC Corporation (Japan)

About This Report

Report ID 26063
Category Material & Chemical
Published Date April 2023
Updated Date
  • INQUIRE BEFORE BUYING