Electronic Adhesive Market Research Report - Global Forecast till 2030

Electronic Adhesive Market Research Report Information By Form (Paste, Solid, Liquid), By Type (UV Curing, Thermally Conducive, Electrically Conducive, Others), By Application (Integrated Circuit, Semiconductor, Printed Circuit Boards, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) โ€“ Market Forecast Till 2030.

ID: MRFR/CnM/0412-HCR | 137 Pages | Author: Priya Nagrale | December 2023         

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Global Electronic Adhesive Market Overview


The Electronic Adhesive Market Size was valued at USD 4.50 Billion in 2022. The Electronic Adhesive industry is projected to grow from USD 4.82 Billion in 2023 to USD 7.06 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.79% during the forecast period (2023 - 2030). Electronic Adhesives are adhesives used in electronic circuits and devices. Adhesives, in general, are substances that bind two surfaces together strongly to keep them together. Electronic Adhesives are major electronic components that come into regular use in the assembly of an electric circuit. Of course, an electric circuit has many components. An electronic adhesive keeps the different components of the electronic circuit together. Electronic adhesives are used to tack wires in a circuit. They are also used for encapsulating components of the circuit.
Electronic Adhesive Market Overview
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Electronic Adhesive Market Trends




  • High demand for advanced electronic devices




Electronic adhesives are used to bond or attach electronic components to substrates such as printed circuit boards (PCBs), and they play a critical role in ensuring the reliable performance of electronic devices. As the electronics industry continues to advance and introduce new and more sophisticated devices, the demand for electronic adhesives is expected to increase. These adhesives are needed to bond and protect components that are becoming smaller, more delicate, and more complex. Furthermore, the trend toward miniaturization of electronic components and devices is also expected to drive demand for electronic adhesives. As components become smaller and more densely packed, the need for precise and reliable bonding becomes increasingly important. In addition, electronic adhesives are also used in the assembly of flexible and foldable electronic devices, which are becoming more popular. The unique bonding requirements of these devices will likely create new opportunities for electronic adhesive manufacturers. Overall, the demand for electronic adhesives is likely to increase in the coming years as the electronics industry continues to advance and introduce new and more sophisticated devices.


Electronic Adhesive Market Segment Insights


Electronic Adhesive Form Insights


The market segmentation, based on Form, includes Paste, Solid, and Liquid. The Liquid segment holds the majority share in 2022, contributing to the global Electronic Adhesive revenue. Liquid electronic adhesives are used in a wide range of applications, including bonding electronic components to printed circuit boards (PCBs), sealing components to protect against moisture and environmental factors, and encapsulating components to improve their performance and reliability. The liquid segment includes a variety of different types of electronic adhesives, such as epoxy adhesives, silicone adhesives, and polyurethane adhesives, among others. These adhesives differ in their properties and are chosen based on the specific needs of the application.


Electronic Adhesive Type Insights


Based on Type, the market segmentation includes UV Curing, Thermally Conducive, Electrically Conducive, and Others. The Thermally Conducive segment dominated the market. Thermally conductive electronic adhesives are designed to transfer heat away from electronic components to heat sinks or other heat dissipation devices. They are commonly used in applications where heat dissipation is important, such as in LED lighting, power electronics, and automotive electronics.


Electronic Adhesive Application Insights


Based on Application, the market segmentation includes Integrated circuits, semiconductors, Printed Circuit Boards, and Others. The Integrated Circuit segment is the largest segment of the market. Electronic adhesives are used to attach ICs to printed circuit boards (PCBs) and to protect them from environmental factors such as moisture and temperature extremes. ICs are used in a wide range of electronic devices, from consumer electronics to industrial applications.


Figure 2: Electronic Adhesive Market, by Form, 2022 & 2030 (USD Million)
Electronic Adhesive Market, by Form, 2022 & 2030
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Electronic Adhesive Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The APAC (Asia-Pacific) region continues to be the largest market for electronic adhesives. This can be attributed to several factors, including the region's large and rapidly growing electronics industry, which includes manufacturers of consumer electronics, automotive electronics, and industrial electronics. China, in particular, is a major market for electronic adhesives due to its large electronics manufacturing industry. Other countries in the region such as Japan, South Korea, and Taiwan are also significant markets for electronic adhesives due to their advanced electronics industries. The APAC region is also home to many of the world's largest electronic adhesive manufacturers. These companies are investing heavily in research and development to develop new and innovative electronic adhesives that meet the needs of the region's growing electronics industry.


Figure 3: ELECTRONIC ADHESIVE MARKET SHARE BY REGION 2022 (%)
ELECTRONIC ADHESIVE MARKET SHARE BY REGION 2022
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Electronic Adhesive Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Electronic Adhesive industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Electronic Adhesive industry to benefit customers and expand the market sector. Major market players, including 3M Company, Alent, BASF, H.B. Fuller Company, Henkel AG & Co, Indium Corporation, and others, are attempting to increase market demand by funding R&D initiatives.


3M is a multinational corporation that operates in various industries, including healthcare, consumer products, and industrial products. The company operates in several business segments, including Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment offers personal protective equipment, adhesives and tapes, industrial abrasives, and other products used in a wide range of industries. The Transportation and Electronics segment offers solutions for the automotive, electronics, and aerospace industries. The Health Care segment offers medical and surgical supplies, as well as drug delivery systems and dental products. The Consumer segment offers products for home and office use, such as adhesives, cleaning products, and home improvement supplies.


Alent is a multinational company that specializes in electronic materials and surface finishing. The company was acquired by the US-based chemical company, Platform Specialty Products Corporation. Alent operates in two business segments, namely Surface Treatment and Assembly Materials. The Surface Treatment segment provides plating chemicals and processes for the PCB and semiconductor industries. The Assembly Materials segment provides adhesives, underfills, and encapsulants for the electronics assembly market. The company's products are used in a wide range of applications, including smartphones, tablets, and automotive electronics. Alent has a global presence and operates in more than 50 countries worldwide, with manufacturing facilities in Asia, Europe, and North America.


Key Companies in the Electronic Adhesive market include



Electronic Adhesive Industry Development

May 2022: 3M announced to expand its reach of product electronic adhesive in the Indian market.


May 202: Henkel has opened an application center in Santa Clara, California, to assist product development for the company's high-tech customers in the Silicon Valley region.


Electronic Adhesive Market Segmentation


Electronic Adhesive Form Outlook



  • Paste

  • Solid

  • Liquid


Electronic Adhesive Type Outlook



  • UV Curing

  • Thermally Conducive

  • Electrically Conducive

  • Others


Electronic Adhesive Application Outlook



  • Integrated Circuit

  • Semiconductor

  • Printed Circuit Boards

  • Others


Electronic Adhesive Regional Outlook




  • North America



    • US

    • Canada


     




  • Europe



    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe


     




  • Asia-Pacific



    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific


     




  • Rest of the World




    • Middle East




    • Africa




    • Latin America





Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 4.50 Billion
Market Size 2023 USD 4.82 Billion
Market Size 2030 USD 7.06 Billion
Compound Annual Growth Rate (CAGR) 5.79% (2023-2030)
Base Year 2022
Market Forecast Period 2023-2030
Historical Data 2018 & 2022
Market Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Form, Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled 3M Company, Alent PLC, BASF SE, H.B. Fuller Company, Henkel AG & Co. KGaA, Indium Corporation, LG Chemical Limited, The Dow Chemicals Company, Dymax Corporation, Hitachi Chemical Co
Key Market Opportunities The high demand for advanced electronic devices in the Asia Pacific region is a great opportunity for the Electronic Adhesive Market.
Key Market Dynamics The growth in some industrial segments involved in electronic appliance manufacturing will grow in the forecast period.




Frequently Asked Questions (FAQ) :

The Electronic Adhesive Market size was valued at USD 4.50 Billion in 2022.

The global market is projected to grow at a CAGR of 5.79% during the forecast period, 2023-2030.

Asia Pacific had the largest share of the Electronic Adhesive Market.

The key players in the market are 3M Company, Alent PLC, BASF SE, H.B. Fuller Company, Henkel AG & Co. KGaA, Indium Corporation, LG Chemical Limited, The Dow Chemicals Company, Dymax Corporation, Hitachi Chemical Co.

The Liquid category dominated the market in 2022.

The Integrated Circuit segment had the largest share of the global market for Electronic adhesives.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major playersโ€™ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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