Press release
Future Prospects: Key Trends Shaping the Electronic Adhesives Market Until 2030
Electronic Adhesives Market
Forecasted Growth and Market Size of the Electronic Adhesives Market
The electronic adhesives market is projected to experience substantial growth, reaching a valuation of $8.1 billion by 2030. This represents a compound annual growth rate (CAGR) of 9.6% over the forecast period. Several factors contribute to this uptrend, including a rising demand from electric vehicle (EV) manufacturing and power electronics. The increasing adoption of high-density electronics, expanding aerospace and defense sectors, and the need for adhesives that offer heat resistance further fuel the market's expansion. Additionally, the integration of smart electronic systems plays a critical role in driving growth. Noteworthy trends anticipated to shape this market include increased use of electrically conductive adhesives, greater demand for thermal management solutions, adoption of adhesives in miniaturized electronics, growth of UV-curing adhesive technologies, and a sharpened focus on product reliability and durability.
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Key Market Drivers Behind the Electronic Adhesives Surge
The growing electric vehicle industry is a major force propelling the electronic adhesives market forward. EVs require advanced bonding solutions that can manage heat efficiently while ensuring safety and durability, making electronic adhesives crucial components in battery and powertrain systems.
Simultaneously, the rising complexity and miniaturization of electronic devices are driving demand for adhesives that provide strong bonds in confined spaces while offering thermal management and electrical insulation. Aerospace and defense applications also contribute to market growth as these sectors seek adhesives that meet stringent performance and durability standards.
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Leading Industry Participants in the Electronic Adhesives Sector
The electronic adhesives market is shaped by several prominent companies, including 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., DELO Industrial Adhesives, and LORD Corp.
A notable development occurred in May 2023 when France-based Arkema acquired Germany's Polytec PT for an undisclosed sum. This acquisition expands Arkema's electronic adhesives offerings by incorporating Polytec PT's thermally conductive adhesives, thermal interface materials, and electronic potting compounds geared toward electronics and battery applications.
Emerging Innovations Impacting the Electronic Adhesives Market
Thermally conductive adhesives are gaining prominence as key solutions for OEMs and battery makers seeking to tackle heat dissipation challenges in high-performance components. These adhesives not only enable effective heat management but also provide robust bonding capabilities.
For example, in May 2023, German adhesives specialist Henkel introduced Loctite TLB 9300 APSi, a two-component polyurethane adhesive designed specifically for electric vehicle battery systems. This injectable thermally conductive adhesive combines a high thermal conductivity of 3 W/mK with moderate viscosity and self-leveling properties. It ensures strong structural bonding, electrical insulation, and is solvent-free. Adopted by a leading EV battery manufacturer, this product supports sustainable manufacturing by reducing emissions and resource use, while delivering enhanced design flexibility and improved bonding strength.
Market Segmentation and Forecast for Electronic Adhesives
This report segments the electronic adhesives market into:
1) Resin Types: Epoxy, Silicone, Polyurethane, Acrylic, and Other Resin Types
2) Form: Liquid, Paste, Solid
3) Applications: Thermal Management, Conformal Coatings, Encapsulation, Surface Mounting, Wire Tacking, Soldering, Underfills, Sealing, and Constructional Adhesives
4) End-Use Industries: Mobiles and Telecommunication Devices, Desktops and Networks, Televisions, Home Appliances, Automotive Electronics, Aerospace Electronics, Analytical and Measurement Instruments, and Other End Uses
Further subcategories include:
Epoxy adhesives split into Two-Part and One-Part Epoxy; Silicone adhesives divided between Heat-Resistant and Pressure-Sensitive types; Polyurethane adhesives classified as Flexible or Rigid; Acrylic adhesives segmented into Solvent-Based and Water-Based; and Other Resin Types including Cyanoacrylate, Phenolic, and other specialty adhesives.
Global Regional Market Overview
While detailed regional analysis is not included here, the electronic adhesives market covers a global footprint, encompassing key regions such as North America, Asia-Pacific, Europe, and others. Growth rates and market size vary by region, influenced by local demand in automotive, aerospace, consumer electronics, and industrial sectors.
In summary, the electronic adhesives market is on a strong growth trajectory, driven by technological innovations and increasing requirements from rapidly evolving industries. With leading companies investing in advanced adhesive technologies and expanding portfolios, the market is set to meet the demands of future electronic applications efficiently and sustainably.
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