Global Electronic Adhesives Market Size By Type (Thermal Conductive, Electrically Conductive), By Resin Type (Epoxy, Cyanoacrylates), By Application (PCBs, Semiconductor), By End-User Industry (Consumer Electronic, Healthcare), By Geography Scope And Forecast

Electronic Adhesives Market Size And Forecast

Electronic Adhesives Market size was valued at USD 4.3 Billion in 2022 and is projected to reach USD 6.5 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030.

Hey, guess what's booming? The electronic adhesives market! With everyone wanting smaller, lighter gadgets, the demand for these adhesives in electronics is going through the roof. Plus, cool new tech advancements and stricter safety rules for electronic stuff are pushing things even further. Think about itbetter semiconductors in everything from factories to your phone! And all those electrical gadgets we use, especially in cars and our homes, are really driving the Electronic Adhesives industry. If you want the full scoop, check out the Global Electronic Adhesives Market report. It's got the lowdown on all the important bits – segments, trends, what's helping (or hurting) the market, who's competing, and all the big factors at play.

Global Electronic Adhesives Market Definition

Electronic Adhesives are a type of electronic component that is used in the production and assembly of electronic circuits and devices. Electronic Adhesives are used in a variety of end-use applications, including mobile phones and telecommunications, desktop and network computers, televisions, home appliances, automotive electronics, aerospace and defence, analytical and measurement instruments, and medical equipment. Surface-mount technology in electronic assembly makes heavy use of electronic adhesives to mount electronic components to the surface of the printed circuit board. Surface mounting, also known as chip bonding, is the most common use of adhesives in the electronics industry.

Electronic sealants? Think of them as tiny helpers in making electronics with wave soldering and reflow soldering. They're great at conducting electricity and safe to boot! Basically, you put these little dots or beads of UV-curing sealant under the parts you want to stick on – those are called surface mount devices. Then, you zap it with UV light to harden the glue and hold everything in place while the machine does its thing. These adhesives are like temporary stands, holding parts steady until they're soldered permanently. Plus, they help take the pressure off the solder, so things don't break and you don't end up with a faulty connection. For a good surface mounting adhesive, you want something with a long shelf life, that cures quickly, is super strong, doesn't leave messy strings, is flexible, and has excellent electrical properties after it sets.

For these applications, single-component solutions are used to avoid viscosity variations, air entrapment, and pot life. The purpose of these Electronics Adhesives varies depending on the application, and they can be electrically conductive, non-conductive, or both electrically and thermally conductive. Increasing research in the electronics industry to create high-performance adhesives for attaching miniaturised devices is likely to drive the market during the forecasted period.

Global Electronic Adhesives Market Overview

Hey, what's fueling the growth in the electronics market? Well, it's all about us consumers wanting low-cost, dependable, and teeny-tiny gadgets! This demand for miniaturisation is pushing manufacturers to create smaller electrical components that don't hog space. We're seeing a real trend towards smaller and thinner consumer electronics. Think about itSurface mount technology is enabling the use of tons of these tiny parts, leading to smaller, more portable, and lighter gadgets, like pocket calculators, smartwatches, and other wearable devices. As we crave more of these miniature wonders, it's going to boost the demand for electronic devices, which, in turn, will increase demand for the Electronic Adhesives Market – because they're crucial in making all this cool stuff!

So, 5G is coming, and it's going to be a game-changer! We're talking super-fast mobile broadband, like speeds that can handle 4K/8K video streaming without a hiccup, and make virtual reality (VR) or augmented reality (AR) feel totally seamless. Plus, it'll power up the Internet of Things (IoT) and make mission-critical apps way more reliable. All this 5G goodness will mean better coverage and faster internet, which is huge for the telecom industry. That, in turn, creates a bigger need for Electronic Adhesives Market, because they're vital for building all those new telecom gadgets. Imagine downloading stuff 10 times faster than with 4G! That's 5G, and it was supposed to be rolling out in 2020. This kind of speed will set off a revolution in tons of industries – electronics, energy, medical, automotive, defence, even aerospace, giving the market a real boost. And think about how much better VR and AR will be! That's going to fuel demand for consumer electronics, which then drives even more demand for those electronic adhesives.

The market is encountering hurdles as a result of technological advancements. Shorter leads can damage temperature-sensitive components in a variety of applications, so electrical components should be assembled after soldering. However, this reduces productivity due to greater production costs and time spent in the manufacturing process. Concerns about the emission of volatile organic compounds (VOCs) are projected to stymie market expansion in the future years. VOCs are released during the manufacturing of electronic adhesives, which may pose health and environmental hazards. At low atmospheric levels, VOCs are the primary contributors to smog and ozone formation.

Global Electronic Adhesives MarketSegmentation Analysis

The Global Electronic Adhesives Market is Segmented on the basis of Type, Resin Type, Application, End-user Industry, and Geography.

Electronic Adhesives Market, By Type

• Thermal Conductive
• Electrically Conductive
• Ultraviolet-Curing
• Others

Based on Type, the market is segmented into Thermal Conductive, Electrically Conductive, Ultraviolet-Curing, and Others. The Electrically Conductive category dominates the electronics adhesives industry. Electrically conductive materials are employed in a variety of industrial verticals, including aerospace, automotive, medical, and telecommunications equipment. Because its curing temperature is lower than the soldering temperature, electrically conductive is an ideal solution for establishing electrical contacts on PCBs and other temperature-sensitive substrates.

An increase in demand for Anisotropic Conductive Adhesives (ACA) in LCD connectors, PCBs, and attaching antenna structures drives the industry forward. Electric conductive materials are also employed in the LED business because of their ability to function as stable electrical contacts by absorbing mismatches, which is expected to promote market expansion over the anticipated period.

Electronic Adhesives Market, By Resin Type

• Epoxy
• Cyanoacrylates
• Polyamides
• Phenolic
• Silicones
• Others

Based on Resin Type, the market is segmented into Epoxy, Cyanoacrylates, Polyamides, Phenolic, Silicones, Others. The market is dominated by the epoxy segments. Epoxy is commonly utilised in electrical applications as a two-part or single-part heat cure compound. Epoxy has a high resistance to environmental and media impacts, a dry and non-tacky surface, and is widely used in adhesives, plastics, paints, coatings, primers and sealers, flooring, and other applications. Curing epoxy adhesives can take place at room temperature, at increased temperatures, or with photoinitiators and UV light.

Electronic Adhesives Market, By Application

• PCBs
• Semiconductor
• Others

So, when we look at how electronic adhesives are used, it really depends on the application. You've got PCBs, semiconductors, and then a bunch of "other" stuff. But honestly, Printed Circuit Boards (PCBs) are where it's really at – they basically run the show. See, these adhesives act like a conformal covering in PCBs, and are used for everything from wire tracking to coating the board itself and even gluing down those tiny surface mount components. And the cool thing about PCBs is they're super reliable, cheap, less likely to short out, easy to fix, and surprisingly small! What's making PCBs even bigger? Well, all those laptops, smartphones, and appliances we use every day. Plus, people want nicer stuff, which also helps. But it's not just that! More and more, PCBs are showing up in cars, factory equipment, power systems, navigation systems, and even stuff that goes into space. That's all helping the market grow too.

Electronic Adhesives Market, By End-User Industry

• Consumer Electronic
• Healthcare
• Energy & Power
• Transportation
• Oil & Gas Industry
• Chemical Industry
• Others

Based on the End-User Industry, the market is segmented into Consumer Electronic, Healthcare, Energy & Power, Transportation, Oil & Gas Industry, Chemical Industry, and Others. The consumer electronics segment dominates the Electronic Adhesives industry. Rapid urbanisation and the advancement of new technology have fueled the demand for consumer electronics. According to the United Nations, metropolitan regions house 55% of the world’s population, fueling demand for consumer electronics. The increased need for lightweight and portable devices such as cell phones, laptops, and digital cameras is contributing significantly to the market’s growth.

Electronic Adhesives Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Based on Geography, the Electronic Adhesives Market is classified into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Asia-Pacific region dominates the Electronic Adhesives Market. China, India, and Japan are the primary contributors to the expansion of the APAC Electronic Adhesives Market. The market’s expansion is being driven by a big consumer base, a burgeoning manufacturing sector, an increase in the middle-class population, and smart city projects.

According to 2020 research from the Indian Brand Equity Foundation (IBEF), electronics production in India is predicted to reach USD 163.14 billion by 2025, while demand for electronics hardware in India is expected to reach USD 400 billion by 2024. Another factor driving market growth in the region is the relocation of manufacturing lines to the APAC region due to lower production costs and the ability to serve the local developing market.

Key Players

The “Global Electronic Adhesives Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as BASF SE, 3M, Covestro AG, Arkema, Illinois Tool Works Inc. (ITW), Ashland, Huntsman International LLC, Dow, AVERY DENNISON CORPORATION, Beardow Adams, CHEMENCE, H.B. Fuller Company, Henkel AG & Co. KGaA.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In May 2022, Henkel opened an Application Centre in Santa Clara, California, to support product development for the company’s high-tech customers in the Silicon Valley region. The Application Centre, which is equipped with cutting-edge technology, will aid in the acceleration of proof-of-concept projects for electronic breakthroughs.
• In May 2022, 3M announced plans to expand the reach of its electronic adhesive product in the Indian market.
• In January 2022, Parker Hannifin added new Thermally Conductive (TC) adhesives and one-component (1K) low-density gap fillers to its portfolio of solutions for electric vehicle makers, complementing its leading product offering of thermal management encapsulants, adhesives, and gap fillers.
• In September 2020, Meridian Adhesives Group, a leading manufacturer of high-value adhesives technologies, has announced that the “Company” will serve the Electric Vehicles Market and provide its adhesive solution. With this announcement, Meridian Adhesives will expand its product offering in the automobile industry, which will further drive market growth.
• In November 2019, Bostik, Inc. has introduced Born2Bond, a new line of revolutionary technical adhesives for bonding applications in automotive, electronics, luxury packaging, and medical equipment. With this new introduction, Bostik will not only increase its product line but also its offering to a broader range of sectors, further driving market growth.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Electronic Adhesives Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global Electronic Adhesives Market gauge the attractiveness of a certain sector, and assess investment possibilities.