The global electronic adhesives market size reached US$ 5.5 Billion in 2023. Looking forward, the market is projected to reach US$ 9.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.62% during 2023-2032. The increasing product utilization in the electronic industry significant growth in the automotive industry, and rising expenditure capacities of consumers represent some of the key factors driving the market.
Electronic adhesives are substances used for bonding and holding electrical components together. They provide a strong bond during electronics assembly while protecting components against potential damage. They are widely used in surface-mounting, assembling substrates on printed circuit boards (PCBs) and semiconductors, potting and encapsulations, and manufacturing and assembly of electronic circuits and products.
Electronic adhesives are manufactured using polyurethanes, cyanoacrylate, polysulfide, silicones, and epoxies. They help to protect the circuit board from harmful environmental factors, including moisture, and corrosion. They improve the performance by providing excellent protection and layered security. As a result, electronic adhesives have applications across the consumer electronics, communications, industrial, medical, and automotive industries.
Moreover, the increasing expenditure capacities of consumers and the rising demand for smartphones and other electronic devices are acting as other growth-inducing factors. Along with this, the rising product application to manage the precision and protection of electronic components in display and telecommunication devices is providing a considerable boost to the market growth. Furthermore, the widespread product utilization in encapsulation and conformal coating applications due to the growing inclination toward the miniaturization of mobile devices, laptops, touchscreens, and displays is facilitating the market growth.
Besides this, the increasing product application in medical devices, gadgets, and wearables is positively influencing the market growth. Other factors, including an enhanced focus on the production of sustainable and environmentally friendly products, such as halogen-free, solvent-free, lead-free, and low volatile organic compound (VOC) content, and extensive research and development (R&D) activities, are anticipated to drive the market growth.
Electronic adhesives are substances used for bonding and holding electrical components together. They provide a strong bond during electronics assembly while protecting components against potential damage. They are widely used in surface-mounting, assembling substrates on printed circuit boards (PCBs) and semiconductors, potting and encapsulations, and manufacturing and assembly of electronic circuits and products.
Electronic adhesives are manufactured using polyurethanes, cyanoacrylate, polysulfide, silicones, and epoxies. They help to protect the circuit board from harmful environmental factors, including moisture, and corrosion. They improve the performance by providing excellent protection and layered security. As a result, electronic adhesives have applications across the consumer electronics, communications, industrial, medical, and automotive industries.
Electronic Adhesives Market Trends
The rapidly growing electronics industry across the globe is one of the key factors creating a positive outlook for the market. In line with this, the increasing digitization and rising automobile sales with ease and security features via electronic systems are favoring the market growth. Additionally, the widespread product utilization in the automotive industry for collision avoidance systems, engine status displays, anti-theft systems, power electronic modules, and LED packaging is driving the market growth. Apart from this, the introduction of bio-based electronic adhesives that reduce carbon dioxide (CO2) emissions, increase operational efficiency, and promote a cleaner work environment is providing an impetus to the market growth.Moreover, the increasing expenditure capacities of consumers and the rising demand for smartphones and other electronic devices are acting as other growth-inducing factors. Along with this, the rising product application to manage the precision and protection of electronic components in display and telecommunication devices is providing a considerable boost to the market growth. Furthermore, the widespread product utilization in encapsulation and conformal coating applications due to the growing inclination toward the miniaturization of mobile devices, laptops, touchscreens, and displays is facilitating the market growth.
Besides this, the increasing product application in medical devices, gadgets, and wearables is positively influencing the market growth. Other factors, including an enhanced focus on the production of sustainable and environmentally friendly products, such as halogen-free, solvent-free, lead-free, and low volatile organic compound (VOC) content, and extensive research and development (R&D) activities, are anticipated to drive the market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global electronic adhesives market, along with forecasts at the global, regional, and country level from 2024-2032. The report has categorized the market based on form, product type, resin type, and application.Form Insights:
- Paste
- Solid
- Liquid
Product Type Insights:
- Electrically Conductive Adhesives
- Thermally Conductive Adhesives
- Others
Resin Type Insights:
- Epoxy
- Silicone
- Acrylics
- PU
- Others
Application Insights:
- Consumer Electronics
- Computers and Servers
- Industrial
- Medical
- Automotive
- Communication
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global electronic adhesives market. Detailed profiles of all major companies have also been provided. Some of the companies covered include 3M Company, Avery Dennison Corporation, Bondline Electronic Adhesives Inc., Dow Inc., Dymax Corporation, Evonik Industries AG, H.B. Fuller Company, Henkel Ag & Co. KGaA, Heraeus Holding, Huntsman Corporation, Master Bond Inc. Permabond LLC, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
- How has the global electronic adhesives market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global electronic adhesives market?
- What are the key regional markets?
- Which countries represent the most attractive electronic adhesives markets?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the resin type?
- What is the breakup of the market based on the application?
- What is the competitive structure of the global electronic adhesives market?
- Who are the key players/companies in the global electronic adhesives market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Electronic Adhesives Market
6 Market Breakup by Form
7 Market Breakup by Product Type
8 Market Breakup by Resin Type
9 Market Breakup by Application
10 Market Breakup by Region
11 Drivers, Restraints, and Opportunities
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 3M Company
- Avery Dennison Corporation
- Bondline Electronic Adhesives Inc.
- Dow Inc.
- Dymax Corporation
- Evonik Industries AG
- H.B. Fuller Company
- Henkel Ag & Co. KGaA
- Heraeus Holding
- Huntsman Corporation
- Master Bond Inc. Permabond LLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 5.5 Billion |
| Forecasted Market Value ( USD | $ 9 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
