Latest News- Electronic Adhesives Market: Surface mounting is expected to lead the Application segment during 2024-2028

The Electronic Adhesives Market is being driven by Technological advancements in adhesives

The Electronic Adhesives Market is expected to grow at a CAGR of 6.78% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2299 million. The global electronic adhesives market experiences growth through innovative product launches by both regional and international players. Successfully introduced new offerings enhance the revenue streams and broaden the consumer base for market participants. Notable product launches in the electronic adhesives industry include DELO's introduction of DELO DUALBOND EG6290 Closed-Cavity Packaging in May 2024. This groundbreaking product caters to applications in semiconductors and monitoring systems, expanding DELO's market share and providing a competitive edge. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Surface mounting
  • Conformal coating
  • Wire tacking
  • Potting and encapsulation
• Product
  • Electrically conductive adhesives
  • Thermally conductive adhesives
  • UV curing adhesives
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • UK
  • North America
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Technological advancements in adhesives
• Rising demand for electronic adhesives in APAC
• Increased use of electronic adhesives in automobiles industry

However, the market also witnesses some limitations, which are as follows:

• Fluctuating raw material prices
• Slow growth of consumer electronics industry in developed economies
• Stringent regulations by governments

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Market Scope in Electronic Adhesives Market Research Report

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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 global specialty chemicals industry encompasses businesses specializing in high-value-add chemicals utilized in the production of various products, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio's market analysis, the specialty chemicals market size is determined by the consolidated revenue of manufacturers dealing in high-value-added chemicals. Factors driving the market's expansion include the increasing preference for specialty adhesives and sealants due to their superior performance and versatility in various industries. This trend is anticipated to significantly contribute to the growth of the specialty chemicals market throughout the forecast period.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/