North America Electronics Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The North America electronics adhesives market is expected to grow at with a CAGR greater than 7% during the forecast period. One of the major factors driving the market is the growing electronics manufacturing in Mexico. However, stringent regulations regarding the VOC emissions is hindering the growth of the market studied.

• Increasing demand for electric vehicles is expected to provide a major growth opportunity for the market studied.
• United States accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
• Among the resin types, epoxy resin is expected to dominate the market studied during the forecast period

Key Market Trends

Epoxy Resin Type to Dominate the Market

• Epoxy adhesives, the most widely used structural adhesives, are an integral part of the electronics industry, and currently account for the majority of consumption in the North America electronic adhesives market.
• These adhesives have found usage in circuit and electronic assembly, heat sinking, hybrids microelectronics, PCB and semiconductor manufacturing, solder replacement, and wafer level packaging.
• Cured epoxy resin possesses strong and rigid cross-linked chemical structure suitable for structural bonding applications and are suitable for applying in the electronics industry.
• Hence, owing to the above-mentioned factors, the epoxy resin type is expected to dominate the market studied during the forecast period.

United States to Dominate the Market

• United States accounts for the major share of the North America electronic adhesives market currently.The country has been experiencing growth in electrical & electronics industry in the recent past.
• The country witnessed positive growth in electronics mainly due to the increasing investment in electronics. Also, the increasing demand for electric vehicles in the recent years is also a major driving factor for the market studied.
• However, the overall automotive production in the country has witnessed a declination in the recent past. This may have negative effect on the consumption of electronic adhesives in the country.
• Hence, owing to the above-mentioned trends, United States is expected to dominate the market studied during the forecast period.

Competitive Landscape

The North America electronics adhesives market is moderately consolidated as the market share is divided among a few players. Some of the key players in the market include Henkel AG & Co. KGaA, Dow, H.B. Fuller Company, 3M, and BASF SE.

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