by The global electronic adhesives market size surpassed USD 5.20 billion in 2023 and is anticipated to exceed 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.
The electronic adhesives market refers to the segment of the adhesives industry that focuses on products used in the assembly and manufacturing of electronic components and devices. These adhesives provide bonding and protection for various electronic applications such as printed circuit boards (PCBs), semiconductors, displays, and other electronic assemblies. The adhesives are designed to offer high thermal conductivity, electrical insulation, and strong bonding properties to ensure the longevity and efficiency of electronic devices.
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Growth Factors
The electronic adhesives market is experiencing growth due to several factors. The increasing demand for consumer electronics such as smartphones, tablets, and wearable devices drives the need for advanced adhesive solutions. Additionally, the rise of electric vehicles (EVs) and the growth of the renewable energy sector, such as solar and wind power, contribute to market expansion. The trend toward miniaturization in electronics also fuels demand for electronic adhesives that offer high performance in small form factors.
Region Insights
The market for electronic adhesives is geographically diverse, with significant growth opportunities in regions such as North America, Europe, and Asia-Pacific. North America is a major hub for technological innovation and home to numerous leading electronic manufacturers, driving demand for advanced adhesive solutions. Europe benefits from strong automotive and electronics industries, particularly in Germany and the UK. The Asia-Pacific region, led by China, Japan, and South Korea, dominates the market due to its large consumer electronics and semiconductor manufacturing base.
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
Several factors drive the growth of the electronic adhesives market:
- Technological Advancements: Innovations in electronics, such as 5G technology, IoT devices, and advanced driver-assistance systems (ADAS), boost the need for sophisticated adhesive solutions.
- Demand for Miniaturization: The trend toward smaller, more compact electronic devices requires adhesives that can provide strong bonding and heat dissipation in small spaces.
- Growing Automotive Electronics: The rise of electric and autonomous vehicles creates demand for electronic adhesives used in vehicle sensors, control units, and battery assemblies.
- Sustainability and Energy Efficiency: The push for more sustainable electronic products leads to increased adoption of adhesives that are environmentally friendly and promote energy efficiency.
Opportunities
The electronic adhesives market presents several opportunities:
- Development of Advanced Materials: Manufacturers can focus on creating adhesives with improved thermal conductivity, electrical insulation, and flexibility to meet the evolving needs of the electronics industry.
- Expansion in Emerging Markets: Companies can capitalize on growth opportunities in emerging markets such as India and Southeast Asia, where demand for consumer electronics and automotive electronics is on the rise.
- Collaboration with Electronics Manufacturers: Partnerships with electronics companies can drive innovation and help create custom adhesive solutions tailored to specific applications.
Challenges
Despite the growth potential, the electronic adhesives market faces certain challenges:
- Stringent Regulations: The industry must comply with various environmental and safety regulations, which can increase production costs and complexity.
- Price Volatility: Fluctuations in the prices of raw materials such as resins and chemicals can impact the overall cost of production.
- Competition: The market is highly competitive, with numerous players offering similar products. Differentiating through quality, performance, and cost-effectiveness is essential for success.
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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
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