IMARC Group, a leading market research company, has recently releases report titled “Electronic Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” the global electronic adhesives market size reached US$ 5.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.
Electronic adhesives refer to substances used for bonding and holding electrical components together. They are further manufactured by using polyurethanes, cyanoacrylate, polysulfide, silicones, epoxies, etc. Electronic adhesives can improve performance by providing excellent protection and layered security. Consequently, they find extensive applications in various sectors, such as consumer electronics, communications, industrial, medical, automotive, etc., across the globe.
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Electronic Adhesives Market Trends and Drivers:
The increasing utilization of these substances in surface-mounting, assembling substrates on printed circuit boards (PCBs) and semiconductors, potting and encapsulations, manufacturing and assembly of electronic circuits and products, etc., is primarily augmenting the electronic adhesives market. Furthermore, they protect the circuit board from harmful environmental factors, including moisture and corrosion, which is positively influencing the global market. Apart from this, the inflating digitization levels and the rising automobile sales with ease and security features via electronic systems are acting as significant growth-inducing factors. Moreover, the widespread adoption of these adhesives in the automotive sector for collision avoidance systems, engine status displays, anti-theft systems, power electronic modules, LED packaging, etc., is bolstering the market growth. Besides this, the introduction of bio-based electronic adhesives that reduce carbon dioxide (CO2) emissions, increase operational efficiency, promote a cleaner work environment, etc., is further catalyzing the global market. Additionally, the growing expenditure capacities of consumers, an enhanced focus on the production of sustainable and environmentally friendly products, such as halogen-free, solvent-free, lead-free, and low volatile organic compound (VOC) content, and the escalating demand for smartphones are expected to fuel the electronic adhesives market in the coming years.
Who are the key players operating in the industry?
- 3M Company
- Avery Dennison Corporation
- Bondline Electronic Adhesives Inc.
- Dow Inc.
- Dymax Corporation
- Evonik Industries AG
- H.B. Fuller Company
- Henkel Ag & Co. KGaA
- Heraeus Holding
- Huntsman Corporation
- Master Bond Inc. Permabond LLC
The report has segmented the market on the basis of
Form Insights:
- Paste
- Solid
- Liquid
Product Type Insights:
- Electrically Conductive Adhesives
- Thermally Conductive Adhesives
- Others
Resin Type Insights:
- Epoxy
- Silicone
- Acrylics
- PU
- Others
Application Insights:
- Consumer Electronics
- Computers and Servers
- Industrial
- Medical
- Automotive
- Communication
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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