Global Electrical and Electronic Adhesive Market Size Study, by Product (Thermal Conductive, Electrically Conductive), by Application (Surface-Mount Devices) and Regional Forecasts 2022-2032
The Global Electrical and Electronic Adhesive Market was valued at approximately USD 5.81 billion in 2023 and is anticipated to grow at a CAGR of 8.00% over the forecast period 2024-2032. The escalating adoption of advanced adhesive solutions in the electrical and electronics industry, particularly for circuit assembly, semiconductor packaging, and component bonding, is fueling market expansion. These adhesives, known for their superior conductivity, mechanical stability, and thermal resistance, are increasingly replacing traditional soldering techniques, ensuring enhanced performance, cost-effectiveness, and environmental compliance in electronic manufacturing.
Rapid innovations in adhesive formulations, coupled with the surging demand for miniaturized and high-performance electronic devices, are reinforcing the need for thermally conductive and electrically conductive adhesives. The increasing preference for lead-free and environmentally friendly materials, driven by stringent RoHS and REACH regulations, has further accelerated the adoption of next-generation conductive adhesives. However, challenges such as high material costs and performance limitations in extreme conditions may restrain market growth. Nonetheless, ongoing R&D efforts are poised to enhance adhesive properties, reliability, and application versatility, paving the way for sustained expansion.
Regionally, North America holds a dominant position in the market, driven by the strong presence of electronics manufacturers, technological advancements, and high R&D investments in the semiconductor sector. The United States remains a key contributor, leveraging its robust electronic manufacturing ecosystem and increasing deployment of electrically conductive adhesives in flexible printed circuit boards (FPCBs). Meanwhile, Europe follows closely, benefitting from the rising emphasis on automotive electronics, consumer electronics, and renewable energy applications.
The Asia-Pacific region is set to experience the fastest growth over the forecast period, fueled by the booming electronics industry in China, Japan, South Korea, and India. The region's expanding semiconductor and consumer electronics manufacturing sector, coupled with increasing government support for PCB and microelectronics production, is expected to drive substantial market demand. Additionally, Latin America and the Middle East & Africa are witnessing steady growth, supported by expanding industrialization, infrastructure development, and growing demand for smart electronic solutions.
Major Market Players Included in This Report:
3M Company
Henkel AG & Co. KGaA
H.B. Fuller Company
Dow Inc.
BASF SE
Avery Dennison Corporation
Lord Corporation
Permabond Engineering Adhesives
Master Bond Inc.
Aremco Products Inc.
Panacol-Elosol GmbH
DELO Industrial Adhesives
Parker Hannifin Corporation
Shin-Etsu Chemical Co., Ltd.
Bostik SA
The Detailed Segments and Sub-Segments of the Market Are Explained Below:
By Product:
Thermal Conductive
Electrically Conductive
By Application:
Surface-Mount Devices
By Region:
North America:
U.S.
Canada
Europe:
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific:
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Rest of Latin America
Middle East & Africa:
Saudi Arabia
South Africa
Rest of Middle East & Africa
Years Considered for the Study:
Historical Year: 2022
Base Year: 2023
Forecast Period: 2024 to 2032
Key Takeaways:
Market estimates & forecasts for 10 years (2022-2032).
Annualized revenue breakdown and regional-level analysis for each market segment.
Detailed geographical assessment with country-level insights.
Competitive landscape overview with insights on major industry players.
Analysis of key business strategies and recommendations for future market expansion.
Evaluation of market structure and competition in the electrical and electronic adhesive sector.
Demand-side and supply-side dynamics analysis.
Table of Contents
Chapter 1. Global Electrical and Electronic Adhesive Market Executive Summary
1.1. Global Electrical and Electronic Adhesive Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. {By Product}
1.3.2. {By Application}
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Electrical and Electronic Adhesive Market Definition and Research Assumptions