Electronic Adhesives Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast by 2023 with a CAGR of 8.2%

Global Industry Analysis

Electronic adhesives are specialized adhesives used in electronic devices to provide excellent adhesion, electrical insulation, and thermal conductivity. These adhesives are widely used in the assembly and packaging of electronic components such as semiconductors, PCBs, and displays. The electronic adhesives market has been growing significantly in recent years due to the increasing demand for consumer electronics, automotive electronics, and the growing trend of miniaturization in the electronics industry. This report will analyze the global electronic adhesives market, including market size, growth drivers, challenges, and key players.

Market Size and Growth:

According to a report by Persistence Market Research, the global electronic adhesives market size was valued at USD 3.9 billion in 2015 and is expected to reach USD 5.8 billion by 2023, at a CAGR of 8.2% during the forecast period. The growing demand for consumer electronics, the increasing use of electric vehicles, and the rising trend of miniaturization in the electronics industry are the major factors driving the growth of the electronic adhesives market.

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Due to their enhanced thermal and electrical properties, conductive adhesives are being investigated as an alternative to traditional tin-lead solders. The electronic adhesive industry is divided into three categories according to the form: paste, liquid and solid. Based on application, the market is segmented into printed circuit boards and semiconductors & integrated circuits. Printed circuit boards have a conformal coating made of electronic adhesives.

Miniaturization of existing electronic products leading to increased usage of adhesives and mergers and acquisitions of major companies are some of the major factors contributing to the growth of the electronic adhesives market. Furthermore, the rise of the global automotive industry is increasing the demand for electronic adhesives.

That's because electronic adhesives find applications in crash avoidance systems, engine status displays, power electronics modules, anti-theft systems, and LED packaging. However, the huge installation costs involved in product assembly and lamination & packaging of advanced machinery are hampering the growth of the electronic adhesives market.

Maturity of the electronic adhesives market in developed countries and fluctuations in currency exchange rates are other factors hindering the growth of the market. In addition, high product cost is also restraining the growth of the market to some extent.

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On the other hand, advancements in technology and implementation of safety regulations for electronic applications are expected to drive the growth of the electronic adhesives market in the near future. Implementation of new solid-state semiconductor technologies in industrial and consumer applications is likely to accelerate market growth in the coming years. Companies are increasing investments in research and development activities to use microelectronics devices in niche applications. In turn, this is expected to drive the growth of the electronic adhesives market.

Asia Pacific is the major market for electronic adhesives, with significant growth in India, China, and Japan. The electronic adhesives market in the Rest of the World (RoW) region has seen the fastest recent growth owing to economic growth in Brazil and Russia, which has led to increased purchases of end products using electronic adhesives.

Some of the key players in the electronic adhesives market are BASF SE, The Dow Chemical Company, Alent Plc, Henkel Ag & Co. KGaA, Alent Plc, KYOCERA Chemical Corporation, Hitachi Chemical Co., Ltd., HB Fuller, LG Chem Ltd ., 3M Company, Indium Corporation and Mitsui Chemicals, Inc.

This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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