Electrical and Electronic Adhesive Market Poised to Reach US$ 14.48 Billion Expanding at a 8.00% CAGR Forecast Period From 2025 to 2034

The global electrical and electronic adhesive market is projected to experience tremendous growth, increasing from USD 6.73 billion in 2024 to an estimated value of USD 14.48 billion by 2034. This growth signifies a compound annual growth rate (CAGR) of 8.0% during the forecast period from 2025 to 2034.

Market Introduction:
Industrial adhesives play an important part in the electronics manufacturing industry. These adhesives are utilized diversely in the electronics industry, involving bonding, sealing, encapsulating, and safeguarding electronic constituents. Further, electronic adhesives also offer attributes such as electrical conductivity, thermal conductivity, low outgassing, and moisture resistance.

In the electronic manufacturing industry, a broad gamut of adhesives is available, each matching particular applications and needs. For instance, thermally conductive adhesives can circumvent overheating by distributing heat, making the equipment secure.

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Market Drivers:
Growing Consumer Electronics Sector:
The consumer electronics sector, especially laptops, smartphones, and tablets, is encountering speedy growth. As per the International Labour Organization, besides 3765 endeavors function in consumer electronics worldwide, portraying development in the consumer electronics sector. These devices are becoming more advanced, pushing manufacturers to look for efficient adhesives to gather compact constituents, driving the electrical and electronic adhesive market expansion.

Escalating Demand for Electric Vehicles:
Electric vehicles are being increasingly favored due to their ecological advantages and progressions in technology. As per the International Energy Agency, in 2023, electric vehicle sales touched 14 million. The growing EV demand is pushing the surging demand for specific adhesives. These automotive electronics adhesives play an important part in securing important constituents such as battery packs, electronic regulation units, and power electronics.

Key Players:
Prominent market contenders are spending significantly on R&D to increase their product lines, which assists the market to grow even more.

The list of key companies profiled are:
• Ashland
• AVERY DENNISON CORPORATION
• Covestro AG
• Dow
• H.B. Fuller Company
• Henkel AG & Co. KGaA
• Huntsman International LLC
• Illinois Tool Works Inc. (ITW)
• MAPEI S.P.A.
• Permabond LLC
• Pidilite Industries Ltd.
• Sika AG

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Electrical and Electronic Adhesive Market Report Highlights:
• In 2024, based on application, the surface mount device segment dominated the electrical and electronic adhesive market share as adhesives plays crucial role in attaching small components such as resistors and microchips to printed circuit boards (PCBs).

• By product, the electrically conductive segment is expected to witness the fastest growth during the forecast period as it offers improved performance by reducing the need for traditional soldering, making it essential in modern electronics manufacturing.

• In 2024, North America dominated the electrical and electronic adhesive market revenue share due to the strong presence of key players in electronics manufacturing, particularly in the US.

• Asia Pacific is expected to record significant share during the forecast period, due to its well-established electronics manufacturing industry, particularly in countries such as China, Japan, and South Korea.

Segmental Analysis:
Electrical and Electronic Adhesive Market, Product Outlook (Revenue - USD Billion, 2020-2034)
• Thermal Conductive
• Electrically Conductive
• UV Curing
• Others

Electrical and Electronic Adhesive Market, Application Outlook (Revenue - USD Billion, 2020-2034)
• Surface-Mount Devices
• Potting & Encapsulation
• Conformal Coatings
• Others

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Regional Insights:
North America dominated the global market in 2024 due to the robust existence of critical contenders in electronics manufacturing, especially in the US. The demand for superior adhesives is driven by industries such as automotive, consumer electronics and telecommunications, where inventions in products such as EVs, smartphones, and 5G infrastructure are growing.

Asia Pacific is expected to record a significant market share during the forecast period due to the region's entrenched electronics manufacturing industry, especially in nations such as China, Japan, and South Korea.
• North America
o Product Outlook
• Thermal Conductive
• Electrically Conductive
• UV Curing
• Others

o Application Outlook
• Surface-Mount Devices
• Potting & Encapsulation
• Conformal Coatings
• Others

• Asia Pacific
o Product Outlook
• Thermal Conductive
• Electrically Conductive
• UV Curing
• Others

o Application Outlook
• Surface-Mount Devices
• Potting & Encapsulation
• Conformal Coatings
• Others

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