USD 7.7 billion
Electronic Adhesives Market Size, Share, Growth Analysis, By Form(Liquid, Paste, Solid), By Resin Type(Epoxy, Silicone, Polyurethane (PU), Acrylic), By Product Type(Electrically Conductive Adhesives (ECAS), Thermally Conductive Adhesives, Others), By End-Use Industry(Computers, Communications, Consumer Electronics, Industrial), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45K2057 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
64
|Figures:
75
Electronic Adhesives Market Insights
Global Electronic Adhesives Market size was valued at USD 4.6 billion in 2022 and is poised to grow from USD 4.89 billion in 2023 to USD 7.97 billion by 2031, growing at a CAGR of 6.30% during the forecast period (2024-2031).
Global electronic adhesives market has witnessed significant growth in recent years, driven by the increasing demand for electronic devices and advancements in technology. The market for electronic adhesives is primarily driven by the growing consumption of electronic devices across various industries such as consumer electronics, automotive, aerospace, and healthcare. The proliferation of smartphones, tablets, wearable devices, and smart home appliances has created a surge in the demand for electronic adhesives. Additionally, the development of miniaturized electronic components and the trend towards flexible and wearable electronics have further propelled market growth. One of the key trends in the global market is the shift towards environmentally friendly and sustainable adhesive solutions. With increasing environmental regulations and consumer awareness, manufacturers are focusing on developing adhesives with lower volatile organic compounds (VOCs) and reduced environmental impact. This trend has led to the adoption of water-based and solvent-free adhesives, which offer improved safety and sustainability without compromising performance.
US Electronic Adhesives Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Epoxy
Fastest Growth
Consumer Electronics
Growth Rate
7.7% CAGR
Global Electronic Adhesives Market By Country ($ Bn)
Country Share for North America Region (%)
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Electronic Adhesives Market Segmental Analysis
Global Electronic Adhesives Market is segmented by Form, Resin Type, Product Type, End-Use Industry, and region. Based on Form, the market is segmented into Liquid, Paste, Solid. Based on Resin Type, the market is segmented into Epoxy, Silicone, Polyurethane (PU), Acrylic, Others. Based on Product Type, the market is segmented into Electrically Conductive Adhesives (ECAS), Thermally Conductive Adhesives, Others. Based on End-Use Industry, the market is segmented into Computers, Communications, Consumer Electronics, Industrial, Medical, Transportation, Commercial Aviation and Defense. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Electronic Adhesives Market Analysis by Type
Electrically Conductive Adhesives dominated the global electronic adhesives market. Electrically conductive adhesives are widely used in the electronics industry for bonding and connecting components, providing both electrical conductivity and mechanical strength. These adhesives offer advantages such as low curing temperatures, flexibility, and compatibility with various substrates, making them a popular choice in electronic assembly and packaging applications.
On the other hand, Thermally Conductive Adhesives segment is the fastest-growing type in the global electronic adhesives market. With the increasing demand for electronic devices with higher power densities and miniaturization, efficient heat dissipation has become a crucial requirement. Thermally conductive adhesives provide a solution by facilitating the transfer of heat from electronic components to heat sinks or other cooling mechanisms. These adhesives offer good thermal conductivity, adhesion, and insulation properties, making them essential in applications where heat management is critical, such as power modules, LED lighting, and automotive electronics.
Electronic Adhesives Market Analysis by Application
Among the various applications in the global electronic adhesives market, the dominant application is Printed Circuit Boards (PCBs). PCBs are an essential component in electronic devices, providing mechanical support and electrical connections. Electronic adhesives are widely used in PCB manufacturing for bonding components, wire bonding, encapsulation, and conformal coating. The demand for electronic adhesives in the PCB segment is driven by the increasing adoption of electronic devices across industries such as automotive, telecommunications, consumer electronics, and industrial automation.
On the other hand, the fastest-growing application in the global electronic adhesives market is the Semiconductor and IC Packaging segment. Semiconductor packaging involves the assembly of integrated circuits (ICs) into packages, providing protection, electrical connections, and thermal management. Electronic adhesives play a crucial role in semiconductor packaging, enabling precise placement of ICs, wire bonding, and encapsulation. The growth of this segment is propelled by the rapid advancements in semiconductor technology, the rising demand for smaller and more powerful electronic devices, and the increasing adoption of advanced packaging techniques such as flip-chip and wafer-level packaging.
Global Electronic Adhesives Market By Type
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Electronic Adhesives Market Regional Insights
Asia-Pacific dominated the global electronic adhesives market. Asia-Pacific has emerged as a major manufacturing hub for electronics and electrical devices, driving the demand for electronic adhesives in the region. Countries such as China, Japan, South Korea, and Taiwan have a strong presence in the electronics industry and are significant consumers of electronic adhesives. The region benefits from a well-established supply chain, a large consumer base, and continuous technological advancements, contributing to its dominance in the global electronic adhesives market.
On the other hand, the fastest-growing region in the global electronic adhesives market is expected to be the Middle East and Africa (MEA). The MEA region is experiencing rapid industrialization, urbanization, and infrastructure development, leading to increased demand for electronic devices and appliances. The growing population, rising disposable income, and expanding consumer electronics market in countries like the United Arab Emirates, Saudi Arabia, and South Africa are driving the demand for electronic adhesives. Additionally, the region's focus on diversifying its economy and increasing investments in sectors such as manufacturing, construction, and automotive is expected to fuel the growth of the electronic adhesives market in the MEA region.
Global Electronic Adhesives Market By Geography
- Largest
- Fastest
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Electronic Adhesives Market Dynamics
Electronic Adhesives Market Drivers
Technological Advancements and Miniaturization
- The continuous advancements in technology have resulted in the miniaturization of electronic components and devices. This trend necessitates the utilization of electronic adhesives that possess exceptional bonding properties, high thermal conductivity, and low viscosity. These properties are crucial for ensuring efficient assembly processes and maintaining the reliability of miniature electronic products. As technology continues to evolve, electronic adhesives play a vital role in supporting the development and functionality of compact electronic devices.
Electronic Adhesives Market Restraints
Limitations in High-Temperature Applications
- It is important to consider the limitations of electronic adhesives when it comes to high-temperature applications. Certain adhesives may have specific temperature thresholds beyond which they experience challenges. High operating temperatures can lead to issues such as degradation, reduced adhesion strength, or thermal expansion mismatch. Consequently, the use of certain adhesives in applications that involve elevated temperatures is restricted. Manufacturers and researchers are constantly working to develop electronic adhesives that can withstand higher temperatures, expanding their application range and addressing this limitation in the market.
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Electronic Adhesives Market Competitive Landscape
The competitive landscape of the global electronic adhesives market is shaped by factors such as product innovation, research and development initiatives, strategic partnerships, and market expansion efforts. Companies invest significantly in research and development to develop adhesives that meet the evolving requirements of the electronics industry. This includes adhesives with improved conductivity, thermal management properties, and durability.
Electronic Adhesives Market Top Player’s Company Profiles
- Henkel AG (Germany)
- H.B. Fuller Company (US)
- The 3M Company (US)
- Arkema SA (France)
- Parker Hannifin Corporation (Lord Corporation) (US)
- Panacol-Elosol Gmbh (Germany)
- Meridian Adhesives Group (US)
- Xiamen Weldbond New Material Co., Ltd (China)
- Threebond Co., Ltd. (Japan)
- Master Bond Inc. (US)
- The Dow Chemical Company (US)
- Element Solutions Inc. (US)
- Sika AG (Switzerland)
- Huntsman International Llc (US)
- Scapa Group Plc (UK)
- Permabond Llc (US)
- Dymax Corporation (US)
- Delo Industrie Klebstoffe Gmbh & Co. Kgaa (Germany)
- LG Chemical Limited (South Korea)
- Panasonic Corporation (Japan)
- Altana AG (Elantas) (Germany)
- Atom Adhesives (US)
- Bondline Electronic Adhesives, Inc. (US)
- Boyd Corporation (US)
- Wacker Chemie (Germany)
- Momentive Performance Materials Inc. (US)
- Rogers Corporation (US)
Electronic Adhesives Key Market Trends
- A significant market trend in the global electronic adhesives market is the growing demand for miniaturization and advanced packaging technologies in the electronics industry. As consumer electronics, automotive electronics, and other electronic devices continue to become smaller, lighter, and more compact, the need for efficient and reliable bonding solutions has intensified. Electronic adhesives play a crucial role in providing strong and durable bonds between various electronic components, ensuring their proper functioning and long-term reliability.
Electronic Adhesives Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the Global Electronic Adhesives Market analysis, one of the primary growth drivers is the increasing demand for electronic devices and components in various industries such as consumer electronics, automotive, aerospace, and healthcare. Electronic adhesives play a critical role in bonding and securing components, protecting them from environmental factors and ensuring their reliable performance. The rapid advancements in technology and the growing trend of miniaturization in electronic devices further contribute to the demand for electronic adhesives. Different types of electronic adhesives, such as conductive adhesives, thermal conductive adhesives, and UV curing adhesives, are examined. Furthermore, the report addresses challenges and potential restraints faced by the electronic adhesives market. These challenges range from limitations in high-temperature applications governing the use of adhesives to the complexity of selecting the right adhesive for specific applications. Understanding these challenges helps industry players and stakeholders to navigate potential hurdles and implement appropriate measures to ensure sustainable growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.6 billion |
| Market size value in 2031 | USD 7.97 billion |
| Growth Rate | 6.30% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Electronic Adhesives Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Electronic Adhesives Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Electronic Adhesives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electronic Adhesives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electronic Adhesives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Electronic Adhesives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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