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Electronic Adhesives Market, By Resin Type, By Product, By Application, By End-User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
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REPORT HIGHLIGHT

Electronic Adhesives Market size was valued at USD 5,430.32 million in 2023, expanding at a CAGR of 7.42% from 2024 to 2032.

Electronic adhesives play a crucial role in the assembly and production of electronic components and devices. These adhesives are specifically designed to serve various purposes such as bonding, encapsulating, sealing, and insulating electronic parts and circuits. With the rapid advancements in the electronics industry, manufacturers face increasing challenges in the production of electronic components. As applications and devices become more intricate and compact, the demand for specialized adhesive solutions rises. It is essential to ensure that product quality and performance are upheld while adapting to the evolving needs of the industry.

Electronic Adhesives Market- Market Dynamics

High demand for advanced electronic devices is projected to propel the market growth

As technology advances, electronics are becoming smaller, more efficient, and more intricate, increasing the demand for specialized adhesives to assemble and protect these devices. Electronic adhesives are essential in ensuring the reliability, longevity, and functionality of electronic components and devices. The International Energy Agency reports that electronic devices currently contribute to 15% of household electricity consumption, a number that is steadily increasing. With over half of the global population using mobile phone services and more than 5.5 billion external power supplies connected to electronic devices, the need for electronic adhesives is greater than ever. The rapid growth of the electronics industry due to technological advancements presents opportunities for market expansion, although the technical complexity involved may pose challenges to market growth.

Electronic Adhesives Market- Key Insights

As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.42% over the forecast period (2024-2032)

Based on Resin Type segmentation, Epoxy was predicted to show maximum market share in the year 2023

Based on Product segmentation, Conformal Coatings was the leading type in 2023

Based on Application segmentation, Consumer Electronics was the leading type in 2023

Based on region, Asia Pacific was the leading revenue generator in 2023

Electronic Adhesives Market- Segmentation Analysis:

The Global Electronic Adhesives Market is segmented on the basis of Resin Type, Product, Application, End-User, and Region.

The market is divided into three categories based on Resin Type: Epoxy, Acrylics, Polyurethane, Silicone, and Others. Epoxy dominates the market. Epoxy adhesives are widely recognized for their excellent bonding properties, making them ideal for use in the assembly and manufacturing of electronic components and devices.

The market is segmented into four categories according to Product: Conformal Coatings, Surface Mounting, Encapsulation, Wire Tacking, and Others. Conformal Coatings lead the market. They play a crucial role in safeguarding electronic assemblies and components, guaranteeing their durability and performance over time.

The electronic adhesives market is segmented into three main categories: Electrically Conductive, Thermally Conductive, UV Curing, and Others. These specialized adhesives, such as electrically conductive, thermally conductive, UV curing, and other specialty electronic adhesives, play vital roles in a wide range of applications across various industries. With the increasing trend of electronic devices becoming smaller, more powerful, and more complex, there is a growing demand for adhesives with customized properties. This demand for tailored adhesives is fueling innovation and driving the growth of the electronic adhesives market.

The market is categorized into four segments according to End User: Consumer Electronics, IT Hardware, Automotive, Medical, Aerospace & Defense, and Others. Consumer Electronics holds the largest share of the market. With the continuous trend of consumer electronics becoming more compact and slimmer, electronic adhesives have become essential in the assembly of smaller and more intricate devices. These adhesives aid in the precise positioning and bonding of tiny components, ultimately contributing to the sleek and user-friendly designs preferred by consumers.

Electronic Adhesives Market- Geographical Insights

Geographically, this market spans across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are segmented by countries for business purposes. The Asia Pacific region leads the market, driven by the rising demand for wearable devices. With a large and increasingly prosperous population, Asia-Pacific is a significant market for consumer electronics. The surge in popularity of wearable devices such as fitness trackers, smartwatches, and healthcare monitoring devices has further boosted the demand for electronic adhesives in this region. According to a report by the International Data Corporation (IDC), China's wearable device shipments increased by 7.5 percent year on year to reach 34.7 million units in the third quarter of 2023. Europe is the second largest region for market growth, attributed to the increased adoption of flexible electronics.

Electronic Adhesives Market- Competitive Landscape:

The competitive landscape of the Electronic Adhesives Market emphasizes the importance of a strong global presence and an extensive distribution network. Having these in place enables companies to efficiently reach customers in various regions, respond promptly to customer needs, and stay ahead of market trends. Customized solutions and technical support for specific applications and substrates also give companies a competitive edge in serving electronics manufacturers. Success in this dynamic industry is achievable for companies that can effectively manage these key factors.

Recent Developments:

Polytec PT, a German-based company, specializes in developing thermal interface materials for batteries and engineering adhesives for the electronics industry. The company achieves approximately USD15 million in sales and operates its main production facility in Karlsbad, Germany.

On February 6, 2023, 3M introduced a new medical adhesive intended to follow to the skin for up to 28 days. This innovative product is intended for use with various health monitors, sensors, and long-term medical wearables. Before 2022, extended medical adhesives typically lasted up to 14 days. By doubling this standard wear time, 3M aims to enhance patient care with a more patient-centric approach.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL ELECTRONIC ADHESIVES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

Arkema

3M

Ashland

AVERY DENNISON CORPORATION

BASF SE

Beardow Adams

CHEMENCE

Covestro AG

Dow

Fuller Company

Henkel AG & Co. KGaA

Huntsman International LLC

Illinois Tool Works Inc. (ITW)

MAPEI S.P.A.

Permabond LLC

Pidilite Industries Ltd.

Sika AG

Others

GLOBAL Electronic Adhesives MARKET, BY RESIN TYPE- MARKET ANALYSIS, 2019 - 2032

GLOBAL Electronic Adhesives MARKET, BY PRODUCT- MARKET ANALYSIS, 2019 - 2032

GLOBAL Electronic Adhesives MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032

GLOBAL Electronic Adhesives MARKET, BY END-USER- MARKET ANALYSIS, 2019 - 2032

GLOBAL Electronic Adhesives MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

Table of Contents

1.Electronic Adhesives Market Overview

2.Executive Summary

3.Electronic Adhesives Key Market Trends

4.Electronic Adhesives Industry Study

5.Electronic Adhesives Market: COVID-19 Impact Analysis

6.Electronic Adhesives Market Landscape

7.Electronic Adhesives Market - By Resin Type

8.Electronic Adhesives Market - By Product

9.Electronic Adhesives Market - By Application

10.Electronic Adhesives Market - By End-User

11.Electronic Adhesives Market- By Geography

12.Key Vendor Analysis- Electronic Adhesives Industry

13.360 Degree Analyst View

14.Appendix

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