May 26, 2024

Electronic Adhesives Market Size to Reach USD 12.40 Bn by 2033

The global electronic adhesives market size reached USD 5.20 billion in 2023 and is projected to attain around USD 12.40 billion by 2033, growing at a CAGR of 9.07% from 2024 to 2033.

Key Points

  • Asia Pacific dominated the electronic adhesives market in 2023 and accounted for 32% revenue share.
  • North America is the fastest-growing region in the global market.
  • By resin type, the epoxy segment has accounted market share of around 37% in 2023.
  • Based on application type, the surface mounting segment dominated the market in 2023.
  • Based on end user, the consumer electronics segment dominated the market in 2023 and will continue doing so throughout the forecast period.

Electronic Adhesives Market Size 2024 to 2033

The electronic adhesives market encompasses adhesives used in the manufacturing and assembly of electronic components and devices. These adhesives offer strong bonding, insulation, and protection against environmental factors for components such as semiconductors, printed circuit boards (PCBs), and displays. The market is growing rapidly as demand for electronic devices continues to increase across various industries.

Get a Sample: https://www.precedenceresearch.com/sample/4094

Growth Factors

The growth of the electronic adhesives market is primarily driven by the rising demand for electronic devices, including smartphones, tablets, and wearables. The growing trend of miniaturization in electronics, coupled with the need for efficient thermal management and protection of components, further boosts the demand for advanced adhesives. Additionally, innovations in adhesive technologies that offer better performance and compatibility with various substrates contribute to market growth.

Region Insights:

Asia-Pacific is the largest market for electronic adhesives, owing to its position as a manufacturing hub for electronic devices. Countries like China, Japan, and South Korea have a strong presence of key electronic manufacturers, leading to high demand for electronic adhesives. North America and Europe also hold significant shares in the market due to their focus on research and development and the presence of advanced manufacturing facilities.

Electronic Adhesives Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 9.07%
Global Market Size in 2023 USD 5.20 Billion
Global Market Size in 2024 USD 5.67 Billion
Global Market Size by 2033 USD 12.40 Billion
Largest Market Asia Pacific
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Resin Type, By Form, By Application, and By End-user Industry
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Electronic Adhesives Market Dynamics

Drivers:

Key drivers of the electronic adhesives market include the rapid growth of the consumer electronics industry and the increasing adoption of electric vehicles (EVs). The need for reliable bonding and protection in electronic components fuels the demand for high-performance adhesives. Moreover, the rise of 5G technology and the Internet of Things (IoT) creates new opportunities for advanced electronic devices, further driving market growth.

Opportunities:

Emerging trends such as 5G connectivity, artificial intelligence, and augmented reality provide opportunities for the electronic adhesives market to innovate and develop new products tailored to these technologies. Additionally, sustainable and eco-friendly adhesives are becoming more important as environmental concerns grow, offering potential for market expansion in this area.

Challenges:

One of the main challenges facing the electronic adhesives market is the need for continuous innovation to keep up with rapidly evolving electronic technologies. Manufacturers must develop adhesives that can handle higher temperatures, more complex materials, and smaller components. Regulatory compliance and environmental considerations also pose challenges as manufacturers strive to meet safety and sustainability standards.

Read Also: Data Center Virtualization Market Size, Growth, Report by 2033

Recent Developments

  • In May 2023, Arkema acquired Polytec PT, a German company that specializes in manufacturing adhesives for batteries and electronic products. The company has sales worth 15 Euros and has its main production site in Karlsbad, Germany. Arkema assures us that it will strengthen the company further by serving the best in the ever-growing batteries and electronics market.
  • In February 2024, Intertronics, a company specializing in adhesive manufacturing, launched a structural adhesive selection guide. It will help the manufacturers find the right optimal adhesive for their application in order to get a strong and highly effective bond. In this guide, one can find a detailed overview of the chemistries of five structural adhesives: Epoxy, polyurethane, cyanoacrylate, UV curing, and methyl methacrylate (MMA). The guide has been designed in a way that will benefit a wide range of industries, including automotive, aerospace, electronics, construction, etc.

Electronic Adhesives Market Companies

  • 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

Segments Covered in the Report

By Resin Type

  • Epoxy
  • Acrylics
  • Polyurethane
  • Silicone
  • Others

By Form

  • Liquid
  • Paste
  • Solid

By Application

  • Conformal Coatings
  • Surface Mounting
  • Encapsulation
  • Wire Tacking
  • Others

By End-user

  • Consumer Electronics
  • IT Hardware
  • Automotive
  • Medical
  • Aerospace & Defense
  • Others

By Geography

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

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://www.uswebwire.com/

Blog: https://www.dailytechbulletin.com/

Blog: https://www.autoindustrybulletin.com/

 

Leave a Reply

Your email address will not be published. Required fields are marked *