What Has Driven the Growth of the Electronic Adhesives Market in Recent Years?
The electronic adhesives market has seen considerable growth due to a variety of factors.
• The size of the electronic adhesives market has notably expanded over the past few years. The market will escalate from a worth of $4.69 billion in 2024 to reach $5.16 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.0%. Factors such as quality assurance and standards, a requirement for high performance, development in the worldwide electronics sector and the introduction of new materials have contributed towards the growth during the historic period.
What Are the Future Growth Projections for the Electronic Adhesives Market Size?
The Electronic Adhesives market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of electronic adhesives is projected to undergo quick expansion in the coming years, reaching $7.65 billion in 2029 with a compound annual growth rate (CAGR) of 10.4%.
The escalation projected for the forecast period can be accredited to factors like robustness and performance benchmarks, swift progression in consumer electronics, smart production and Industry 4.0, surging demand in automotive electronics, environmental legislations, and sustainability. Predominant trends anticipated during the forecast period encompass the advancement in materials, spike in demand for healthcare electronics, global market infiltration, expansion in IoT and connectivity, innovative application tactics, and trends towards miniaturization.
What Are The Core Factors Supporting Growth In The Electronic Adhesives Market?
The electronic adhesives market's expansion is predicted to be fueled by the escalating demand for smartphones. A smartphone, a portable electronic device with a mobile network connection, makes extensive use of electronic adhesives. The adhesives facilitate the bonding of various components in smartphones, such as the glass display window, camera lens, keypad, membrane switch areas, flex circuits, cables, microphones, speakers, EMI shielding, battery compartment, and exterior casing. For instance, a report from Cybercrew, a UK company specializing in cybersecurity solutions for varied business sizes, forecasts that the UK's smartphone usage is set to rise to 93.8% by 2026, emphasizing the surge in smartphone demand, thus enhancing the electronic adhesives market's growth.
What Are The Major Segments Within The Global Electronic Adhesives Market?
The electronic adhesives market covered in this report is segmented –
1) By Resin Type: Epoxy, Silicone, Polyurethane, Acrylic, Other Resin Type
2) By Type: Non Conductive, Electrically Conductive, Thermally Conductive, Ultra Violet Curing
3) By Form: Liquid, Paste, Solid
4) By Application: Thermal Management, Conformal Coatings, Encapsulation, Surface Mounting, Wire Tacking, Soldering, Underfills, Sealing, Constructional
5) By End Use: Mobiles And Telecommunication Devices, Desktops And Networks, Televisions, Home Appliances, Automotive Electronics, Aerospace Electronics, Analytical And Measurement Instruments, Other End Uses
Subsegments:
1) By Epoxy: Two-Part Epoxy Adhesives, One-Part Epoxy Adhesives
2) By Silicone: Heat-Resistant Silicone Adhesives, Pressure-Sensitive Silicone Adhesives
3) By Polyurethane: Flexible Polyurethane Adhesives, Rigid Polyurethane Adhesives
4) By Acrylic: Solvent-Based Acrylic Adhesives, Water-Based Acrylic Adhesives
5) By Other Resin Types: Cyanoacrylate Adhesives, Phenolic Adhesives, Other Specialty Adhesives
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Which Trends Are Expected To Transform The Electronic Adhesives Market?
Leading corporations in the electronic adhesives market are introducing advanced medical adhesives such as Extended Wear Adhesive Tape to cater to the requirement for prolonged wear durations and gain a competitive advantage. A variant of medical tape, Extended wear adhesive tape adheres to the skin for extended lengths, generally up to 21 days. For instance, in April 2022, 3M, a United States-based firm specializing in consumer goods, healthcare, and worker safety, introduced the 3M Spunlace Extended Wear Adhesive Tape on Liner, 4576. This product was created for continuous wear on the skin for up to 21 days, aiding longer device wear times and thus promoting user compliance and health economic advantages. This acrylate-based adhesive offers flexibility, conformability, and robust adhesion, which are all ideal for ongoing extended wear both inside and outside of care facilities. This also symbolizes a significant step forward in device design for real-time health monitoring.
Who Are the Key Players In The Electronic Adhesives Market?
Major companies operating in the electronic adhesives market include:
• 3M Company
• Dymax Corporation
• The DOW Chemical Company
• Henkel AG & Co. KGaA
• H.B. Fuller Company
• BASF SE
• Evonik Industries AG
• Sika AG
• Bostik AG
• ThreeBond
• Shin Etsu Silicones
• Konishi Co. Ltd.
• Teraoka Seisakusho Co. Ltd.
• Tomoegawa Co. Ltd.
• Yamato Co. Ltd.
• Indium Corporation
• LG Chemical Limited
• Alent PLC
• Hitachi Chemicals Company Limited
• Kyocera Chemical Corporation
• Arkema Pvt. Ltd.
• Ashland Global Holdings Inc.
• Avery Dennison Corporation
• Covestro AG
• Huntsman International LLC
• Illinois Tool Works Inc.
• MAPEI S.p.A.
• Permabond LLC
• Pidilite Industries Ltd.
• Mitsui Chemicals Inc.
• DELO Industrial Adhesives
• LORD Corp.
What Is The Most Dominant Region In The Electronic Adhesives Market?
Asia-Pacific was the largest region in the electronic adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
