The electrical and electronic adhesive tape market is expected to grow at a compound annual growth rate of 5.16% over the forecast period to reach a market size of US$4.830 billion in 2026 from US$3.397 billion in 2019.
Adhesive tapes for electronic and electrical equipment are specifically designed by taking their conductivity and heat resistance in mind. These tapes allow manufacturers to replace screws and bolts to reduce the size of the devices, which is resulting in their rising adoption in the manufacturing of smartphones, tablets, smartwatches, laptops, and more. Electrically Conductive Adhesive Transfer Tapes are designed for use in a variety of electronics assembly operations where components need to be held in place while, at the same time, allowing electrical current to pass through them. They are commonly used to attach EMI (electromagnetic interference)/RFI (radio-frequency interference) shields to devices as well as connecting and/or bonding various substrates together for grounding application needs. Electrical and electronic adhesive tapes work when conductive components are suspended within the tape polymer matrix, and when these conductive components come into contact with various substrates an electric current (very low mill-Amps range typically associated with grounding) could be allowed to flow between the substrates. Typical conductive components include various metal-type particles or metalized fiber-based webs that are conductive. The various metals used could include silver, nickel, copper, and graphite for example. Variations in the components typically used along with the design of the conductive components within the tape affect the adhesive’s resistivity or how strongly it resists or conducts the flow of electric current. Conductive Adhesive Transfer Tapes help provide many advantages over traditional, conventional soldering processes used for grounding, mechanical fasteners (screws, clips, etc.), and assembly. For instance, electrically Conductive Adhesive Tapes work better in temperature-sensitive applications since they are designed to provide a better bond below typically soldering temperatures. In addition, the adhesive tapes help provide more mechanical flexibility than solder which helps them withstand vibrations.
Growth Factors
The electrical and electronic adhesive tape market is projected to experience steady market growth owing to the increasing investments in the electronic sector. The electronics sector is growing rapidly as a result of increasing demand from emerging market economies. As a result, many countries are increasingly producing more electronics, and investment in the foreign production of electronics has increased dramatically. Electronics sector growth is accelerated by increased consumer spending around the world. As developing economies grow, consumer demand for electronics also grows. Countries that produce electronics now have strong consumer bases that can afford new electronic products. At the same time, increased competition is driving the costs of electronics production down, making products even cheaper for individuals. China has been a significant electronics producer for a long time and is now also a major market for consumer and industrial electronics. Asia's proportion of the market for electronics is expected to represent approximately half of the global market within the next several decades. This increase means better profitability for the electronics industry in the future as well as an estimation of exponential growth of the electrical and electronic adhesive tape market.
Burgeoning demand for consumer electronics.
Burgeoning demand for connected devices and advanced consumer electronics across the globe is fueling the growth of the consumer electronics market. Also, the introduction of the digital initiative by governments in emerging economies such as China, India, and Brazil is increasing the adoption of consumer electronic devices especially smartphones, tablets, and laptops. Further, expanding urban population supplemented by increasing disposable income is expected to propel market growth over the forecast period, which is further expected to boost the electrical and electronic adhesive tape market growth.
Restraints
Cyclical nature of electronics and semiconductor industry.
The semiconductor industry is famous for being a cyclical industry, due to the relatively short lifespan of semiconductor items, where technology becomes obsolete quickly when new and faster applications are developed. Upswings in the industry occur when advances are made, causing high demand and a short supply of advanced products. On the flip side, oversupply causes inventory buildup, resulting in falling prices and a downswing in the market. The two key factors influencing the swings in the market are inventory and worldwide economic growth, which may also act as a restraint to the electrical and electronic adhesive tape market growth.
Impact of COVID - 19
The COVID-19 pandemic is expected to negatively impact the electrical and electronic adhesive tape market growth as it to the impact on production activities, the ongoing pandemic has taken a toll on the consumer demand as well for display integrated devices, likely fueled by the lockdown imposed across major countries.
Competitive Insights
Prominent/major key market players in the electrical and electronic adhesive tape market include 3M, Tesa SE, Avery Dennison Corporation, and HENKEL AG among others. The players in the electrical and electronic adhesive tape market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the electrical and electronic adhesive tape market.
Segmentation:
By Coating technology
By Geography
Adhesive tapes for electronic and electrical equipment are specifically designed by taking their conductivity and heat resistance in mind. These tapes allow manufacturers to replace screws and bolts to reduce the size of the devices, which is resulting in their rising adoption in the manufacturing of smartphones, tablets, smartwatches, laptops, and more. Electrically Conductive Adhesive Transfer Tapes are designed for use in a variety of electronics assembly operations where components need to be held in place while, at the same time, allowing electrical current to pass through them. They are commonly used to attach EMI (electromagnetic interference)/RFI (radio-frequency interference) shields to devices as well as connecting and/or bonding various substrates together for grounding application needs. Electrical and electronic adhesive tapes work when conductive components are suspended within the tape polymer matrix, and when these conductive components come into contact with various substrates an electric current (very low mill-Amps range typically associated with grounding) could be allowed to flow between the substrates. Typical conductive components include various metal-type particles or metalized fiber-based webs that are conductive. The various metals used could include silver, nickel, copper, and graphite for example. Variations in the components typically used along with the design of the conductive components within the tape affect the adhesive’s resistivity or how strongly it resists or conducts the flow of electric current. Conductive Adhesive Transfer Tapes help provide many advantages over traditional, conventional soldering processes used for grounding, mechanical fasteners (screws, clips, etc.), and assembly. For instance, electrically Conductive Adhesive Tapes work better in temperature-sensitive applications since they are designed to provide a better bond below typically soldering temperatures. In addition, the adhesive tapes help provide more mechanical flexibility than solder which helps them withstand vibrations.
Growth Factors
- Rising investments in the electronics sector.
The electrical and electronic adhesive tape market is projected to experience steady market growth owing to the increasing investments in the electronic sector. The electronics sector is growing rapidly as a result of increasing demand from emerging market economies. As a result, many countries are increasingly producing more electronics, and investment in the foreign production of electronics has increased dramatically. Electronics sector growth is accelerated by increased consumer spending around the world. As developing economies grow, consumer demand for electronics also grows. Countries that produce electronics now have strong consumer bases that can afford new electronic products. At the same time, increased competition is driving the costs of electronics production down, making products even cheaper for individuals. China has been a significant electronics producer for a long time and is now also a major market for consumer and industrial electronics. Asia's proportion of the market for electronics is expected to represent approximately half of the global market within the next several decades. This increase means better profitability for the electronics industry in the future as well as an estimation of exponential growth of the electrical and electronic adhesive tape market.
Burgeoning demand for consumer electronics.
Burgeoning demand for connected devices and advanced consumer electronics across the globe is fueling the growth of the consumer electronics market. Also, the introduction of the digital initiative by governments in emerging economies such as China, India, and Brazil is increasing the adoption of consumer electronic devices especially smartphones, tablets, and laptops. Further, expanding urban population supplemented by increasing disposable income is expected to propel market growth over the forecast period, which is further expected to boost the electrical and electronic adhesive tape market growth.
Restraints
Cyclical nature of electronics and semiconductor industry.
The semiconductor industry is famous for being a cyclical industry, due to the relatively short lifespan of semiconductor items, where technology becomes obsolete quickly when new and faster applications are developed. Upswings in the industry occur when advances are made, causing high demand and a short supply of advanced products. On the flip side, oversupply causes inventory buildup, resulting in falling prices and a downswing in the market. The two key factors influencing the swings in the market are inventory and worldwide economic growth, which may also act as a restraint to the electrical and electronic adhesive tape market growth.
Impact of COVID - 19
The COVID-19 pandemic is expected to negatively impact the electrical and electronic adhesive tape market growth as it to the impact on production activities, the ongoing pandemic has taken a toll on the consumer demand as well for display integrated devices, likely fueled by the lockdown imposed across major countries.
Competitive Insights
Prominent/major key market players in the electrical and electronic adhesive tape market include 3M, Tesa SE, Avery Dennison Corporation, and HENKEL AG among others. The players in the electrical and electronic adhesive tape market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the electrical and electronic adhesive tape market.
Segmentation:
By Coating technology
- Solvent-based
- Hot-melt based
- Water-based
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- Others
- the Asia Pacific
- China
- Japan
- South Korea
- India
- Thailand
- Indonesia
- Taiwan
- Others
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Electrical and Electronic Adhesive Tape Market Analysis, By Coating technology
6. Electrical and Electronic Adhesive Tape Market Analysis, By Geography
7. Competitive Environment and Analysis
8. Company Profiles
Companies Mentioned
- 3M
- Tesa SE
- Avery Dennison Corporation
- HENKEL AG
- Scapa Group plc
- Intertape Polymer Group
- GERGONNE
- Shurtape Technologies, LLC.
- DIC CORPORATION
- Teraoka Seisakusho co., Ltd.
Methodology
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