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Electronic Adhesives Market Size Forecast: $7.44 Billion by 2029 | Global Outlook
Electronic Adhesives
What Is the Projected Market Size Valuation of the Electronic Adhesives Market by 2025?
Recent years have witnessed a robust growth in the size of the electronic adhesives market. The market which was valued at $4.69 billion in 2024 is expected to escalate to $5.09 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.5%. Factors like quality assurance and standards, high performance demand, the upswing in the global electronics industry, and the advent of new materials have significantly contributed to the historical growth of the market.
What Is the Estimated Market Growth Value for the Electronic Adhesives Industry in 2029?
The market size of electronic adhesives is projected to experience robust growth in the coming years, ballooning to a valuation of $7.44 billion in 2029 with a compound annual growth rate (CAGR) of 9.9%. Factors spurring growth during the forecast period encompass performance and dependability standards, rapid advances in consumer electronics, the rise of smart manufacturing and Industry 4.0, escalated demand in car electronics, and environmental regulations and sustainability concerns. The period will also witness major market trends such as the evolution of advanced materials, increasing demand in healthcare electronics, and global market penetration. Additionally, expansion in Internet of Things (IoT) and connectivity, innovative application procedures, and a trend toward miniaturization are also notable.
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What Are the Growth Drivers and Opportunities in the Electronic Adhesives Market?
The rising need for smartphones is anticipated to fuel the expansion of the electronic adhesives market in the future. Smartphones, which refer to mobile electronic devices with cellular network connectivity, rely on electronic adhesives to link various components. These include the glass display window and camera lens, the keypad and membrane switch sections, the flex circuits and cables, the microphones and speakers, the electromagnetic interference (EMI) shielding, the battery compartment, and the exterior case. As an example, a report from Cybercrew, a UK firm that develops and provides businesses of all sizes with cybersecurity solutions, stated that by March 2023, the percentage of UK households utilizing smartphones will rise to 93.8% by 2026. Hence, the escalating demand for smartphones is stimulating the growth of the electronic adhesives market.
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What Are the Primary Segments Covered in the Global Electronic Adhesives Market Report?
The electronic adhesives market covered in this report is segmented -
1) By Resin Type: Epoxy, Silicone, Polyurethane, Acrylic, Other Resin Type
2) By Type: Non Conductive, Electrically Conductive, Thermally Conductive, Ultra Violet Curing
3) By Form: Liquid, Paste, Solid
4) By Application: Thermal Management, Conformal Coatings, Encapsulation, Surface Mounting, Wire Tacking, Soldering, Underfills, Sealing, Constructional
5) By End Use: Mobiles And Telecommunication Devices, Desktops And Networks, Televisions, Home Appliances, Automotive Electronics, Aerospace Electronics, Analytical And Measurement Instruments, Other End Uses
Subsegments:
1) By Epoxy: Two-Part Epoxy Adhesives, One-Part Epoxy Adhesives
2) By Silicone: Heat-Resistant Silicone Adhesives, Pressure-Sensitive Silicone Adhesives
3) By Polyurethane: Flexible Polyurethane Adhesives, Rigid Polyurethane Adhesives
4) By Acrylic: Solvent-Based Acrylic Adhesives, Water-Based Acrylic Adhesives
5) By Other Resin Types: Cyanoacrylate Adhesives, Phenolic Adhesives, Other Specialty Adhesives
What Are the Top Growth Trends in the Electronic Adhesives Market?
Leading players in the electronic adhesives market are responding to the demand for prolonged wear times by introducing new medical adhesives like the Extended Wear Adhesive Tape. This particular medical tape variant is engineered to stick to the skin for a more extended duration, generally up to 21 days. An example of this is the US-based company 3M, known for its consumer goods, health care, and worker safety products. In April 2022, they unveiled the 3M Spunlace Extended Wear Adhesive Tape on Liner, 4576. This product is aimed at offering a continuous 21-day wear on skin, promoting extended device usage, encouraging user adherence and advancing health economic benefits. The adhesive used in this tape is acrylate-based providing flexibility, adaptability, and strong adhesion, making it a perfect choice for continuous extended wear both inside and outside care facilities. This marks an important stride in device design catered towards real-time health monitoring.
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Which Companies Are Shaping the Future of the Electronic Adhesives Market?
Major companies operating in the electronic adhesives market are 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, ThreeBond, Shin Etsu Silicones, Konishi Co. Ltd., Teraoka Seisakusho Co. Ltd., Tomoegawa Co. Ltd., Yamato Co. Ltd., Indium Corporation, LG Chemical Limited, Alent PLC, Hitachi Chemicals Company Limited, Kyocera Chemical Corporation, Arkema Pvt. Ltd., Ashland Global Holdings Inc., Avery Dennison Corporation, Covestro AG, Huntsman International LLC, Illinois Tool Works Inc., MAPEI S.p.A., Permabond LLC, Pidilite Industries Ltd., Mitsui Chemicals Inc., DELO Industrial Adhesives, LORD Corp.
Which Region Holds the Largest Market Share in the Electronic Adhesives Industry?
Asia-Pacific was the largest region in the electronic adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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