Electronic Adhesives Market Size to grow by USD 2299 million between 2024-2028
According to a research report “ Electronic Adhesives Market” by Application (Surface mounting, Conformal coating, Wire tacking, Potting and encapsulation) Product (Electrically conductive adhesives, Thermally conductive adhesives, UV curing adhesives, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2299 million, at a CAGR of almost 6.78% during the forecast period. In the electronic industry, advanced adhesive solutions are indispensable for bonding and safeguarding smaller, lighter, and more energy-efficient electronic systems. Key attributes, such as reduced cure times, enhanced adhesion to diverse substrates, and resistance to chemicals and moisture, fuel the desire for superior adhesives in electronics production. The burgeoning trends of weight-reduced electronic devices and vehicles are fueling the demand for cyanoacrylate adhesives in electronic applications. Moreover, the increasing intricacy and diversity of automobile designs, which incorporate various lightweight substrates and innovative self-adhesive labels and packaging, are anticipated to stimulate the demand for more user-friendly application systems. Furthermore, ongoing research on silicone adhesives aims to improve their electrical and thermal effectiveness.
Browse market data tables, figures, and in-depth TOC on “Electronic Adhesives Market” by Application (Surface mounting, Conformal coating, Wire tacking, Potting and encapsulation) Product (Electrically conductive adhesives, Thermally conductive adhesives, UV curing adhesives, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Application, the Surface mounting segment is projected to dominate the market size in 2024
The Electronic Adhesives Market represents a significant growth opportunity for businesses due to the increasing demand for miniaturized electronic devices and the need for reliable bonding solutions. These adhesives offer advantages such as high thermal conductivity, electrical conductivity, and resistance to harsh environments. Key market drivers include the automotive, consumer electronics, and telecommunications industries. Companies must stay abreast of emerging technologies and customer requirements to remain competitive in this dynamic market.
By Product, Electrically conductive adhesives segment is expected to hold the largest market size for the year 2024
In the realm of electronic manufacturing, surface mounting adhesives have emerged as a critical component in the production process. These adhesives play a pivotal role in surface mounting assemblies in Printed Circuit Boards (PCBs), ensuring the secure attachment of components to the board during soldering or double-sided reflow. By preventing component displacement during high-speed processes, these adhesives bolster the reliability and consistency of the manufacturing process. Furthermore, in advanced applications such as ball grid array (BGA) bonding, surface mounting adhesives enhance mechanical strength, shock absorbability, and bending resistance, thereby increasing the overall durability of BGAs and Chip-Scale Packages (CSPs). Notably, leading players in the global electronic adhesives market are providing advanced adhesive solutions to cater to the evolving demands of high-speed production processes.
APAC is forecasted to hold the largest market size by region in 2024
The electronic adhesives market is experiencing significant growth due to the increasing demand for miniaturization and lightweighting in the electronics industry. These adhesives offer superior bonding strength, thermal conductivity, and electrical insulation properties, making them indispensable in various applications such as semiconductor packaging, automotive electronics, and renewable energy devices. Market growth is further fueled by advancements in technology, increasing R&D investments, and the rising trend towards wireless communication and the Internet of Things (IoT).
The Electronic Adhesives Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Electronic Adhesives Market encompasses a wide range of adhesive technologies used in the production of various electronic devices and systems. These include tin-soldering, reflow soldering, and wave soldering for bonding electronic components to printed circuit boards (PCBs), as well as chip bonding for semiconductor packaging. UV curing adhesives are also used for coating and potting & encapsulations applications. Key end-use industries for electronic adhesives include industrial, consumer goods, communications, computers, and electronics. Tin-lead solders continue to be popular, but technological advancements have led to the increasing use of electrically conductive adhesives, particularly in the production of smartphones, electric vehicles, and 5G infrastructure networks. Raw material prices and environmental factors are key considerations for the market, with epoxies and silicones being common choices due to their versatility and cost-effectiveness. Technological advancements, such as contactless interaction and surface mounting, are also driving demand for new and innovative adhesive solutions. Overall, the market for electronic adhesives is expected to grow significantly in the coming years, particularly in the areas of automotive, consumer electronics, and industrial electronics.
Market Research Overview
The Electronic Adhesives Market is experiencing significant growth due to the Atmanirbhar initiative and increasing urbanization, leading to the demand for miniaturized devices and advanced technologies in various industries. Key applications include printed circuit boards for infotainment systems, safety technologies, and connectivity in the automotive and electronics industries. Urethane acrylates, acrylics, and other resins like polyurethane, silicone, and epoxy are commonly used in electronic adhesives. These adhesives offer attributes such as high strength, flexibility, rapid curing, and excellent electrical properties. Technological advancements in areas like 3D printing, UV curing adhesives, and contactless interaction are driving innovation in the market. The market caters to various industries, including the automotive, electronics, commercial aviation, medical devices, and communications industries. Product launches, customization, and the shift towards solid, paste, and liquid forms are shaping the market. Factors like pot life, viscosity changes, air entrapment, and shelf life are crucial considerations. Raw material prices and environmental factors also impact the market. Key players in the market include Henkel, Bostik, and others. Applications include chip bonding, electric vehicles, 5G infrastructure networks, and optomechanical assemblies. The market serves broadband carriers, wireless carriers, network companies, and OEMs producing electronic components, epoxies, and silicones. Electronic adhesives are used in various applications, including power semiconductors, chip-scale packaging, and circuit boards. They offer benefits like cure speed, optical clarity, durability, electrical conductivity, thermal conductivity, non-toxicity, and eco-friendliness. The market also caters to medical electronic systems, touch screens & displays, mobile devices, and miniaturization/automation.
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