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Electronics Adhesives Market Size (2024 - 2029)

The electronics adhesives market is experiencing significant growth, driven by the increasing demand for electronic components and devices, particularly in the Asia-Pacific region, which dominates global production. The market's expansion is supported by technological advancements in adhesive manufacturing and the rising adoption of electric vehicles. Despite challenges such as raw material price volatility, the market's size is expected to continue its upward trajectory, with surface mounting applications leading the way.

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Market Size of Electronics Adhesives Industry

Electronics Adhesives Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 9.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Electronics Adhesives Market Key Players

*Disclaimer: Major Players sorted in no particular order

Electronics Adhesives Market Analysis

The Electronics Adhesives market is projected to register a CAGR of 9% during the forecast period (2021-2026).

COVID-19 has a positive impact on the electronics adhesives market. According to JEITA, the global electronics, and IT industries' production has seen an increase of 2% with a year-on-year growth to reach USD 2.9 trillion. The positive growth is due to the greater demand for electronic components and devices to boost contactless interaction and to use remote information technologies. Electronic adhesives are very important components in electronics as they are used in manufacturing and to protect high-performance electronic devices. This positive growth is expected to continue along with the rising demand for electronic products globally.

  • Over the medium term, the major factors driving the market are increasing demand for electronics in the Asia-Pacific region and the growing technological advancements in electronics adhesive manufacturing. Asia-Pacific is one of the leading manufacturers of electronics in the world and accounts for more than 70% of the global electronics production, with counties like South Korea, Japan, and China involved in manufacturing of various electrical components and supply to various industries worldwide.
  • However, volatility in raw material prices is hindering the growth of the market studied.
  • The growing adoption of electric vehicles is expected to provide a major growth opportunity for the market studied.
  • Among the application areas, surface mounting is expected to dominate the market studied during the forecast period.
  • Asia-Pacific accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.

Electronics Adhesives Industry Segmentation

Resins such as epoxy, acrylics are used as adhesives in the manufacturing of PCBs and surface mounting of motherboards. Electronics adhesives are widely used in the manufacturing and assembling of electronic circuits and products. They help in the miniaturization of electronic components, and the longstanding trend of reducing the size of electronics is driving the market. The market is segmented by resin type, application, end-user industry, and geography. By resin type, the market is segmented into Epoxy, Acrylics, Polyurethane, and Other Resin Types. By Application, the market is segmented into Conformal Coatings, Surface Mounting, Encapsulation, Wire Tacking, and Other Applications. By end-user industry, the market is segmented into Consumer Hardware, IT Hardware, Automotive, and Other End-user Industries. The report also covers the market size and forecasts for the Electronic Adhesives Market in 16 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of Revenue (USD million).

Resin Type
Epoxy
Acrylics
Polyurethane
Other Resin Types
Application
Conformal Coatings
Surface Mounting
Encapsulation
Wire Tacking
Other Applications
End-user Industry
Consumer Hardware
IT Hardware
Automotive
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Electronics Adhesives Market Size Summary

The electronics adhesives market is experiencing robust growth, driven by the increasing demand for electronic components and devices, particularly in the Asia-Pacific region. This demand is fueled by the region's dominance in global electronics production, with countries like China, South Korea, and Japan leading the charge. The market is benefiting from technological advancements in adhesive manufacturing and the growing adoption of surface mount technology, which is extensively used in electronic assembly. Surface mounting adhesives play a crucial role in mounting electronic components on printed circuit boards, offering benefits such as stress relief and acting as alternatives to traditional tin-soldering methods. Despite challenges like raw material price volatility, the market is poised for continued expansion, supported by the rising demand for consumer electronics and the automotive industry's shift towards electric vehicles.

Asia-Pacific holds the largest share of the global electronics adhesives market, with China being a significant contributor to both consumption and production. The region's growth is bolstered by initiatives like India's "Make in India," which attracts foreign investments in electronics manufacturing, further boosting demand for adhesives. The market is partially consolidated, with key players such as Henkel AG & Co. KGaA, Dow, H.B. Fuller Company, 3M, and BASF SE playing pivotal roles. The ongoing technological transitions, such as the rollout of 4G/LTE networks and IoT, are expected to drive the adoption of electronic products, thereby enhancing the demand for electronics adhesives. As the market evolves, the focus on developing high-performance adhesives for miniaturized devices is anticipated to propel growth during the forecast period.

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Electronics Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Technological Advancements in Electronic Adhesives

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Regulations Related to the VOCs

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Resin Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Acrylics

      3. 2.1.3 Polyurethane

      4. 2.1.4 Other Resin Types

    2. 2.2 Application

      1. 2.2.1 Conformal Coatings

      2. 2.2.2 Surface Mounting

      3. 2.2.3 Encapsulation

      4. 2.2.4 Wire Tacking

      5. 2.2.5 Other Applications

    3. 2.3 End-user Industry

      1. 2.3.1 Consumer Hardware

      2. 2.3.2 IT Hardware

      3. 2.3.3 Automotive

      4. 2.3.4 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 ASEAN Countries

        6. 2.4.1.6 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Electronics Adhesives Market Size FAQs

The Electronics Adhesives Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)

Dow, H.B. Fuller Company, 3M, BASF SE and Henkel AG & Co. KGaA are the major companies operating in the Electronics Adhesives Market.

Electronics Adhesives Market Report Snapshots

Electronics Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)