Press release
Rapid Growth in Electronic Adhesives Market: Driven by Demand for Smartphones and Emerging Materials, Projected to Reach $7.65 Billion by 2029
Electronic Adhesives Market Trends
Quality assurance, high performance, and evolution in consumer electronics are fueling the growth of the global electronic adhesives market at 10.4% CAGR.
What Is The Projected Market Size Of The Global Electronic Adhesives Market And Its Growth Rate?
Driven by demand and emergence of new materials, the global electronic adhesives market has experienced strong growth recently.
* The market size is projected to grow from $4.69 billion in 2024 to $5.16 billion in 2025 at a CAGR of 10.0%.
* By 2029, the market size is forecasted to grow to $7.65 billion at a CAGR of 10.4%.
What Is Driving The Growth In The Electronic Adhesives Market?
The increase in smartphone usage is a key driver for the growth of the electronic adhesives market. Smartphones, a powerful handheld device with a cellular network connection, use electronic adhesives for various functions like connecting the glass display window and camera lens, keypad and membrane switch sections, microphones, and speakers, among others. As per a report by Cybercrew in 2023, it is expected that UK households using smartphones will rise to 93.8% in 2026. The increased demand for smartphones thereby fuels the growth of the electronic adhesives market.
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Who Are the Key Players Driving Electronic Adhesives Market Growth?
The following major companies are driving the growth in the electronic adhesives market:
* 3M Company
* Dymax Corporation
* The DOW Chemical Company
* Henkel AG & Co. KGaA
* H.B. Fuller Company
* BASF SE
* Evonik Industries AG
* Sika AG
* Bostik AG
* Others (Shin Etsu Silicones, Konishi Co. Ltd, DeLO Industrial Adhesives, Lord Corp.)
What Are The Key Trends In The Electronic Adhesives Market?
Key trends impacting the electronic adhesives market include:
* Advanced materials development
* Increasing demand for healthcare electronics
* Expansion of IoT and connectivity
* Innovative application methods
* Miniaturization trends
What Are The Segments Of The Global Electronic Adhesives Market?
The global electronic adhesives market is segmented by:
* Resin Type: Epoxy, Silicone, Polyurethane, Acrylic, Other
* Type: Non-Conductive, Electrically Conductive, Thermally Conductive, Ultra Violet Curing
* Form: Liquid, Paste, Solid
* Application: Thermal Management, Conformal Coatings, Encapsulation, Surface Mounting, Wire Tacking, Soldering, Underfills, Sealing, Constructional
* End Use: Mobiles And Telecommunication Devices, Desktops And Networks, Televisions, Home Appliances, Automotive Electronics, Aerospace Electronics, Analytical And Measurement Instruments, Other End Uses
Which Region Leads The Electronic Adhesives Market?
Asia-Pacific was the largest region in the electronic adhesives market in 2024 and is expected to be the fastest-growing region in the forecast period. The market report also covers Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Electronic Adhesives Market Global Market Report?
- Market Size Analysis: Analyze the Electronic Adhesives Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electronic Adhesives Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electronic Adhesives Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electronic Adhesives Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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