Electronics Adhesives Market - Demand, Size, Share, Growth, Trends, and Forecast 2015 – 2023

Electronics Adhesives Market: Snapshot

The global electronics adhesives market is characterized by the growing presence of leading players in the emerging economies of Asia Pacific. This region presents a mammoth opportunity for all those involved in the production, sales, and distribution of electronics adhesives. As a result, an increasing number of market players have been considering the expansion into Asia Pacific as a major strategic move for a wider reach and to strengthen their position in the global market.

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Apart from this, the market for electronics adhesives is anticipated to benefit from the rising demand for more compact and lighter components from the electronics industry. Add to this, the growing penetration of the Internet of Things. The surging adoption of connected devices has transformed the way electronic appliances are built, giving players a significant opportunity to make the most of this trend.

Asia Pacific: Host of Economic Benefits on Offer

The global market for electronics adhesives comprises five regional segments: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The volume of the APAC electronics adhesives market is poised to rise by more than 9% each year from 2013 to 2020, registering a twofold growth in demand during the period. Registering a 10% CAGR during the forecast period in terms of volume, and a 12.9% CAGR by value, this region dominates the global electronics adhesives market by volume as well as value. The value share of the APAC electronics adhesives market was pegged at 60.8% in 2014, amounting to US$1.7 bn in 2013. The active use of electronics adhesives in Asia Pacific can be attributed to the strengthening presence of electronics device manufacturers mainly in China, India, and South Korea. The abundance of raw material, low labor costs, and technological expertise are some of the key benefits that the region offers, making it the most lucrative market for electronics adhesives. Apart from Asia Pacific, North America also presents a multi-million dollar opportunity over the course of the forecast period.

Electronics Adhesives for Surface Mounting Present Significant Opportunities

Electronics adhesives find application is encapsulation, conformal coating, wire tracking, and surface mounting. Surface mounting adhesives form the largest application segment and are likely to continue their dominance through 2020. The opportunity in this segment is forecast to amount to US$1.8 bn by 2020, exhibiting a strong CAGR of 11.4%. The surface mounting segment is projected to hold a 31% share in the electronics adhesives market by the end of the forecast period thanks to the surging demand for PCB-based electronics devices across various sectors such as automotive, consumer durables, and industrial.

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Promising Growth in Store by Volume and Value

The global electronics adhesives market is forecast to expand at an impressive 12.1% CAGR from 2015 to 2020, presenting a market opportunity of US$3.23 bn in 2014. The projected value of the global electronics adhesives market is anticipated to double by 2020 to reach US$6.4 bn. By volume, this market is expected to grow 1.8 times from 2013 to the end of the forecast period, registering an annual growth of over 8%.

Acrylic is the most widely used material for electronics adhesives and their impressive performance characteristics are expected to drive this material-type segment at a robust 20% CAGR. Accounting for a share of over 40% by 2020, electrically conductive adhesives are likely to emerge as the largest product type in the coming years.

3M Company, Dymax Corporation, Dow Corning, Evonik Industries AG, Henkel AG & Co. KGaA, and H.B. Fuller Company are presently the leading companies operating in the global market for electronics adhesives.

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