Electronic Adhesives Market by Materials, Product Type, Application, End User

List of Tables

[193 Pages Report] The Electronic Adhesives Market size was estimated at USD 6.01 billion in 2023 and expected to reach USD 6.45 billion in 2024, at a CAGR 7.30% to reach USD 9.86 billion by 2030.

Electronic adhesives refer to specialized materials used to bond electronic components and assemblies. These adhesives offer high-performance bonding solutions essential for the miniaturization and integration of electronic devices. They are designed to provide reliable electrical, thermal, and mechanical properties, meeting the stringent requirements of the electronics industry. Meanwhile, the increasing need for electronics manufacturing and miniaturization bolsters the demand for electronic adhesives. However, the concerns associated with the fluctuation in the prices of raw materials and strict government regulations present a significant challenge for the manufacturers. Companies frequently work towards boosting their supply chain channel and introducing an innovative adhesive to remain agile within the global spaces. Moreover, the advancements in developing electronic adhesives such as UV curable and cyanoacrylate adhesives are advances for the manufacturers and present a significant opportunity to extend their businesses further in the evolving landscape.

KEY MARKET STATISTICS
Base Year [2023]	USD 6.01 billion
Estimated Year [2024]	USD 6.45 billion
Forecast Year [2030]	USD 9.86 billion
CAGR (%)	7.30%

Materials: Utilization of acrylics and polyurethanes in electronics manufacturing offering strong bonding capabilities and thermal conductivity

Acrylic adhesives balance performance and ease of use, and they are known for their strong bonding capabilities to various substrates, including metals, plastics, and glass. Acrylic adhesives resist environmental factors such as heat, UV light, and chemicals, making them suitable for electronic components exposed to harsh conditions. Epoxy adhesives are widely appreciated for their exceptional strength and chemical resistance, frequently utilized in electronic applications that demand high structural integrity and long-term reliability. Epoxies can adhere to a broad range of materials and can be formulated to provide electrical conductivity or insulation, depending on the application's specific needs. On the other hand, polyurethane adhesives are flexible adhesives that offer excellent impact resistance and durability. Polyurethanes also have good adhesion properties and can be tailored for various levels of elasticity and curing times, making them versatile for multiple electronic applications, including encapsulation and potting of delicate components. Moreover, silicone adhesives stand out for their exceptional temperature stability and flexibility over various temperatures. They are inert and highly resistant to weathering, ozone, moisture, and UV radiation, making them an excellent choice for protective coatings and seals in electronic devices that operate in extreme environmental conditions. They also have the added benefit of electrical insulation properties, which are critical in preventing short circuits and electrical malfunctions in electronic assemblies.

Product Type: Preference for thermally condustive and ultraviolet curing adhesives to cater a harsh environments conditions

Electronic adhesives are critical in the manufacture of electronic components and devices. They encompass various product types with unique properties tailored to meet specific application requirements. Electrically conductive adhesives (ECAs) are designed to provide excellent electrical connectivity while bonding components. These are often used in applications such as traditional soldering, which is not feasible or desired. Thermally conductive adhesives serve the dual purpose of adhering materials and efficiently transferring heat away from components, aiding in thermal management. On the other hand, ultraviolet (UV) curing adhesives offer the advantage of a rapid curing process upon exposure to UV light, which makes them ideal for high-speed production processes and applications, including precision and control over the bonding time, which are necessary. Each of these product types plays a crucial role in the production and functioning of modern electronic assemblies.

Application: Extensive applications of electronic adhesives in semiconductor and household electronic manufacturing

In electronics manufacturing, conformal coatings are applied as thin polymeric films to electronic circuit boards to protect them from moisture, dust, chemicals, and temperature extremes. Electronic adhesives used in conformal coating enhance the durability of the electronic assemblies by providing insulation and preventing conductive contaminants from causing electrical failures. Electronic adhesives play a critical role in encapsulation by forming a protective shell around electronic components. The encapsulation ensures that the components are robust enough to withstand harsh operational environments, and the adhesives are selected based on their thermal and chemical resistance properties to match the application's specific requirements. In surface mount technology (SMT), electronic adhesives, also known as solder pastes, are used to attach surface mount devices (SMDs) onto the printed circuit boards (PCBs). The adhesive must possess sufficient tackiness to hold the components in place before and during the soldering process. It also plays a pivotal role in enhancing the reliability of electrical connections and maintaining stability at high temperatures, providing a strong bond that can endure the thermal cycles encountered during device operation.

End User: Increasing uses of electronic adhesives in varied industries providing excellent insulation and biocompatibility

In the aerospace industry, electronic adhesives are critical for high-reliability applications that ensure circuits' integrity and performance under extreme environmental conditions. They are used in avionics, communication systems, and navigation instruments that require robust adhesive properties, such as excellent resistance to thermal cycling and vibration dampening. Within the automotive sector, electronic adhesives are paramount for the stability of a vehicle's electronic networks, including infotainment systems, sensors, and control units. They must withstand high temperatures, vibrations, and moisture, ensuring safety and longevity in a complex, rough environment. In addition, manufacturers of desktops and network devices rely on electronic adhesives to assemble components such as CPUs, GPUs, and memory modules. These adhesives facilitate efficient heat transfer, enhance thermal management, and offer secure attachment, which is necessary for long-term functionality and reliability. Electronic adhesives in home appliances are used to bond and seal various electrical components, providing insulation and protection against environmental factors. They ensure safe operation and durability in household items such as refrigerators, microwaves, and washing machines that are frequently used and subject to wear and tear. Moreover, adhesive technologies in industrial analytical and measurement instruments are designed to maintain precision and stability in harsh industrial settings. The medical device industry requires electronic adhesives that meet high standards for biocompatibility, cleanliness, and sterilization. They are instrumental in producing implants, monitoring equipment, and diagnostic devices. Adhesives in the mobile and telecommunication industry are essential for ensuring device miniaturization, flexibility, and thermal management. With the constant evolution of mobile technology, electronic adhesives help achieve thinner, lightweight, and more durable consumer electronics.

Regional Insights

The Americas, particularly the United States and Canada, holds a significant position in electronic adhesives due to its robust electronics manufacturing sector and penchant for high-performance materials. Innovations in this region are driving the landscape of electronic adhesives with advanced solutions for thermal management and improved conductive properties. Consumer demand in this region is rigorously defined by high-quality standards and environmental concerns, leading to an increased adoption of eco-friendly adhesives. Additionally, investment in research and development in the United States is substantial, leading to cutting-edge patents in adhesive technologies that enhance device miniaturization and flexible electronics. On the other hand, the electronic adhesives market in Europe and the Middle East is experiencing notable growth, driven by the expanding electronics industry and the ongoing technological advancements in these regions. Europe, with its major capabilities in automotive and advanced manufacturing industries, exhibits significant demand for electronic adhesives that offer reliability and durability under harsh conditions. The Middle East presents a growing market with potential for expansion, primarily due to the diversification efforts of economies beyond the oil sector and the rise in electronic manufacturing and repair services. Moreover, the Asia Pacific region has experienced robust growth and is projected to continue its upward trajectory, characterized by the increasing demand for consumer electronics, the expansion of the semiconductor industry, and the rise in applications across various sectors, including automotive, healthcare, and communication. The rapid technological advancements and the integration of electronics in the automotive and transportation sectors drive the need for more durable and efficient adhesives in this region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Electronic Adhesives Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Electronic Adhesives Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Electronic Adhesives Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Arkema SA, Avery Dennison Corporation, BASF SE, Delo Adhesives, Dow Chemical Company, Dymax Corporation, Element Solutions Inc., Ellsworth Adhesives, Evonik Industries AG, Glue Dots International, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC, Indium Corporation, LG Chemical Ltd., Master Bond Inc., Meridian Adhesives Group, Mitsui Chemicals, Inc., Panacol-Elosol GmbH, Parker Hannifin Corporation, Permabond LLC, PPG Industries, Inc., Shenzhen DeepMaterial Technologies Co., Ltd., Sika AG, Tesa SE, ThreeBond Holdings Co., Ltd., Toray Industries, Inc., Wacker Chemie AG, and Xiamen Weldbond New Material Co., Ltd.

Market Segmentation & Coverage

This research report categorizes the Electronic Adhesives Market to forecast the revenues and analyze trends in each of the following sub-markets:

Materials
- Acrylics
- Epoxies
- Polyurethanes
- Silicones

Product Type
- Electrically Conductive Adhesives
- Thermally Conductive Adhesives
- Ultraviolet Curing

Application
- Conformal Coating
- Encapsulation
- Surface Mounting

End User
- Aerospace Electronics
- Automotive Electronics
- Desktops & Networks Devices
- Home Appliances
- Industrial Analytical & Measurement Instruments
- Medical Devices
- Mobiles & Telecommunication Devices

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Electronic Adhesives Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electronic Adhesives Market?

3. What are the technology trends and regulatory frameworks in the Electronic Adhesives Market?

4. What is the market share of the leading vendors in the Electronic Adhesives Market?

5. Which modes and strategic moves are suitable for entering the Electronic Adhesives Market?

Product Code: MRR-43798151BAD0

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growth in Electronics Application to Increase Electronic Assembly Productivity
  - 5.1.1.2. Growing Need for Miniaturized Electronic Products
  - 5.1.1.3. Rising Demand Owing to the Introduction of 5G Network
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuation in the Prices of Raw Materials
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements and Developments in Medical Devices Such as the Application of UV Curable and Cyanoacrylate Adhesives
  - 5.1.3.2. Growing Adoption of Electronic Adhesives in Electric Vehicles
- 5.1.4. Challenges
  - 5.1.4.1. Environmental Impact of Electronic Adhesives
5.2. Market Segmentation Analysis
- 5.2.1. Materials: Utilization of acrylics and polyurethanes in electronics manufacturing offering strong bonding capabilities and thermal conductivity
- 5.2.2. Product Type: Preference for thermally condustive and ultraviolet curing adhesives to cater a harsh environments conditions
- 5.2.3. Application: Extensive applications of electronic adhesives in semiconductor and household electronic manufacturing
- 5.2.4. End User: Increasing uses of electronic adhesives in varied industries providing excellent insulation and biocompatibility
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Electronic Adhesives Market, by Materials

6.1. Introduction
6.2. Acrylics
6.3. Epoxies
6.4. Polyurethanes
6.5. Silicones

7. Electronic Adhesives Market, by Product Type

7.1. Introduction
7.2. Electrically Conductive Adhesives
7.3. Thermally Conductive Adhesives
7.4. Ultraviolet Curing

8. Electronic Adhesives Market, by Application

8.1. Introduction
8.2. Conformal Coating
8.3. Encapsulation
8.4. Surface Mounting

9. Electronic Adhesives Market, by End User

9.1. Introduction
9.2. Aerospace Electronics
9.3. Automotive Electronics
9.4. Desktops & Networks Devices
9.5. Home Appliances
9.6. Industrial Analytical & Measurement Instruments
9.7. Medical Devices
9.8. Mobiles & Telecommunication Devices

10. Americas Electronic Adhesives Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Electronic Adhesives Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Electronic Adhesives Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Bodo Moller and Henkel Expand Partnership to Improve Thermal Interface Materials
- 13.3.2. Arkema Acquires Polytec PT, Specialized in Adhesives for Batteries and Electronics
- 13.3.3. Master Bond Introduces Epoxy for Sealing Applications

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio