Polyurethane (PU) Adhesives In Electronics - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)

The polyurethane adhesives in electronics market size is projected to be USD 1.28 billion in 2025, USD 1.35 billion in 2026, and reach USD 1.72 billion by 2031, growing at a CAGR of 5.09% from 2026 to 2031. This report is Segmented by Product Type (UV Curing PU Adhesive, Electrically Conductive PU Adhesive, Thermally Conductive PU Adhesive, and Other Product Types), Application (Surface Mounting, Conformal Coatings, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Global Polyurethane (PU) Adhesives In Electronics Market Trends and Insights

Miniaturization of Consumer Devices Boosting Demand for Low-Viscosity PU Potting Adhesives

Foldable phones, smartwatches, and true-wireless earbuds now feature printed-circuit-board (PCB) traces narrower than 50 µm, requiring potting materials capable of flowing into sub-millimeter gaps without trapping air. Products like Loctite STYCAST US 8000, with a viscosity of 350 cP at 25 °C, endure 10,000 thermal cycles ranging from -40 °C to 85 °C, enabling wearable medical monitors to meet IEC 60601 standards. Flex-PCB designs in foldable phones demand Shore A hardness below 60 to withstand daily bending without delamination, a requirement more cost-effectively met by polyurethane compared to silicone. Additionally, automotive driver-assistance cameras depend on optical-grade polyurethane with haze levels under 2% to maintain lens clarity throughout the vehicle's lifespan.

EV Battery Thermal-Gap Fillers Based on Thermally Conductive PU

As electric vehicle (EV) pack voltages increase to 800 V, original equipment manufacturers (OEMs) require thermally conductive polyurethane with conductivity exceeding 2 W/m·K and dielectric strength above 15 kV/mm to bond cells directly to aluminum cold plates. Bostik XPU TCA 202 achieves 3.2 W/m·K while retaining 8 MPa lap-shear strength after aging at 85 °C/85% RH. DuPont’s BETATECH series offers conductivity up to 4 W/m·K and aligns with aluminum’s thermal-expansion profile, reducing cycle fatigue in high-capacity battery packs. SikaForce 325 CB/L60 provides a 60-minute open time, enabling robotic dispensing across 100 kWh packs without rework. Flame-retardant grades compliant with UL 94 V-0 are essential in regions adopting UNECE R100, solidifying polyurethane’s role in next-generation EV battery systems.

Polyol and Di-Isocyanate Price Volatility

Propylene-oxide outages at U.S. Gulf Coast facilities led to a 22% increase in polyol prices during Q4 2024, while MDI costs rose by 18% due to Chinese production restrictions. Smaller formulators without hedging capabilities faced challenges in passing these cost increases to SMT subcontractors operating on narrow margins, resulting in several exits from Southeast Asia's polyurethane adhesives market for electronics. In response, multinational companies pursued backward integration strategies. For instance, Henkel's 2024 investment in a Guangdong polyol unit reduced its regional cost base by 12%.

Other drivers and restraints analyzed in the detailed report include:

• Environmental Regulations Driving Adoption of Water-Borne, Low-VOC PU Dispersions
• Flexible Hybrid Electronics Needing Stretchable, Self-Healing PU Bonds
• Silane-Terminated Prepolymer Adoption in Wearables

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

UV-curing polyurethane adhesives accounted for 63.78% of the 2025 market share and are projected to grow at a 5.33% CAGR through 2031. Products like Dymax 9014-F-VT, offering 25 MPa tensile strength and 80% elongation, have become benchmarks for rigid-flex PCBs in 125°C under-hood modules.

Advancements in materials, such as the combination of spherical aluminum oxide with boron nitride platelets, have increased thermal conductivity to nearly 5 W/m·K without reducing the 60-minute open time required by SMT integrators. Additionally, graphene nanofillers have reduced silver content in electrically conductive PU to 50 wt% while maintaining over 60 dB shielding at 1 GHz. The adoption of LED sources at 365 nm and 405 nm has decreased energy consumption by 70% compared to mercury lamps, further supporting the sustainability of UV-curing polyurethane adhesives in electronics.

Complete Report Scope:

• By Product Type
  • UV Curing PU Adhesive
  • Electrically Conductive PU Adhesive
  • Thermally Conductive PU Adhesive
  • Other Product Types
• By Application
  • Surface Mounting
  • Conformal Coatings
  • Wire Tacking
  • Potting
  • Encapsulation
  • Other Applications (Display Bonding and Optical Assemblies, Battery Assembly, etc.)
• By Geography
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • ASEAN Countries
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle-East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle-East and Africa

Geography Analysis

Asia-Pacific accounted for 72.69% of global revenue in 2025 and is projected to grow at a 5.23% CAGR through 2031. This growth is driven by China's contract manufacturers, which assemble two-thirds of the world's smartphones, as well as South Korea's OLED production facilities and Japan's precision-optics industry. Vietnam's electronics exports, valued at USD 150 billion in 2025, are also boosting local adhesive consumption.

In North America, the U.S. Inflation Reduction Act has incentivized domestic EV battery value chains. Henkel's 2024 expansion in Connecticut is expected to supply 5,000 t/y of thermally conductive grades by 2027. Mexico's Nuevo León cluster consumes 1,200 t/y for control-unit assembly, while Canada's avionics sector demands MIL-spec potting compounds.

In Europe, Germany's automotive electronics ecosystem and the U.K.'s compound semiconductor industry lead regional demand. While South America and the Middle- East and Africa hold smaller shares of global revenue, Brazil's Manaus free zone and Saudi Arabia's Vision 2030 initiatives are expanding the regional footprint of polyurethane adhesives in electronics.

List of Companies Covered in this Report:

• 3M
• Arkema
• Ashland
• Avery Dennison Corporation
• BASF
• Covestro AG
• DELO Industrie
• Dow
• Dymax
• Epic Resins
• H.B. Fuller Company
• Henkel AG & Co. KGaA
• Huitian New Materials
• Huntsman International LLC.
• INTERTRONICS
• ITW Performance Polymers
• Kangda New Materials (Group) Co., Ltd
• Master Bond
• Parker Hannifin Corp
• Permabond
• Sika AG
• TEX YEAR

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support