Electronic Adhesives Market by Materials (Acrylics, Epoxies, Polyurethanes), Product Type (Electrically Conductive Adhesives, Thermally Conductive Adhesives, Ultraviolet Curing), Application, End User - Global Forecast 2024-2030
Description
Electronic Adhesives Market by Materials (Acrylics, Epoxies, Polyurethanes), Product Type (Electrically Conductive Adhesives, Thermally Conductive Adhesives, Ultraviolet Curing), Application, End User - Global Forecast 2024-2030
The Electronic Adhesives Market size was estimated at USD 6.01 billion in 2023 and expected to reach USD 6.45 billion in 2024, at a CAGR 7.30% to reach USD 9.86 billion by 2030.
Electronic adhesives refer to specialized materials used to bond electronic components and assemblies. These adhesives offer high-performance bonding solutions essential for the miniaturization and integration of electronic devices. They are designed to provide reliable electrical, thermal, and mechanical properties, meeting the stringent requirements of the electronics industry. Meanwhile, the increasing need for electronics manufacturing and miniaturization bolsters the demand for electronic adhesives. However, the concerns associated with the fluctuation in the prices of raw materials and strict government regulations present a significant challenge for the manufacturers. Companies frequently work towards boosting their supply chain channel and introducing an innovative adhesive to remain agile within the global spaces. Moreover, the advancements in developing electronic adhesives such as UV curable and cyanoacrylate adhesives are advances for the manufacturers and present a significant opportunity to extend their businesses further in the evolving landscape.
Regional Insights
The Americas, particularly the United States and Canada, holds a significant position in electronic adhesives due to its robust electronics manufacturing sector and penchant for high-performance materials. Innovations in this region are driving the landscape of electronic adhesives with advanced solutions for thermal management and improved conductive properties. Consumer demand in this region is rigorously defined by high-quality standards and environmental concerns, leading to an increased adoption of eco-friendly adhesives. Additionally, investment in research and development in the United States is substantial, leading to cutting-edge patents in adhesive technologies that enhance device miniaturization and flexible electronics. On the other hand, the electronic adhesives market in Europe and the Middle East is experiencing notable growth, driven by the expanding electronics industry and the ongoing technological advancements in these regions. Europe, with its major capabilities in automotive and advanced manufacturing industries, exhibits significant demand for electronic adhesives that offer reliability and durability under harsh conditions. The Middle East presents a growing market with potential for expansion, primarily due to the diversification efforts of economies beyond the oil sector and the rise in electronic manufacturing and repair services. Moreover, the Asia Pacific region has experienced robust growth and is projected to continue its upward trajectory, characterized by the increasing demand for consumer electronics, the expansion of the semiconductor industry, and the rise in applications across various sectors, including automotive, healthcare, and communication. The rapid technological advancements and the integration of electronics in the automotive and transportation sectors drive the need for more durable and efficient adhesives in this region.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Electronic Adhesives Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Growth in Electronics Application to Increase Electronic Assembly Productivity
- Growing Need for Miniaturized Electronic Products
- Rising Demand Owing to the Introduction of 5G Network
- Market Restraints
- Fluctuation in the Prices of Raw Materials
- Market Opportunities
- Advancements and Developments in Medical Devices Such as the Application of UV Curable and Cyanoacrylate Adhesives
- Growing Adoption of Electronic Adhesives in Electric Vehicles
- Market Challenges
- Environmental Impact of Electronic Adhesives
- Market Segmentation Analysis
- Materials: Utilization of acrylics and polyurethanes in electronics manufacturing offering strong bonding capabilities and thermal conductivity
- Product Type: Preference for thermally condustive and ultraviolet curing adhesives to cater a harsh environments conditions
- Application: Extensive applications of electronic adhesives in semiconductor and household electronic manufacturing
- End User: Increasing uses of electronic adhesives in varied industries providing excellent insulation and biocompatibility
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Electronic Adhesives Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Electronic Adhesives Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Bodo Möller and Henkel Expand Partnership to Improve Thermal Interface Materials
Bodo Möller Chemie Group and Henkel Adhesive Technologies partnered to include the Swiss market, focusing on Thermal Interface Materials (TIMs), a critical component in thermal management. Henkel's esteemed Bergquist materials have been at the forefront, engineered to transfer heat away from power electronics effectively. Additionally, TIMs serve to rectify surface irregularities, thus minimizing thermal resistance and significantly improving heat dispersion.
Arkema Acquires Polytec PT, Specialized in Adhesives for Batteries and Electronics
Arkema announced its acquisition of Polytec PT, a company renowned for its specialization in adhesives applied in these domains. Integrating Polytec PT under Arkema's Bostik umbrella enhances the latter's portfolio, positioning the Group as a comprehensive systems provider capable of championing sustainable solutions within these dynamic markets. This acquisition's synergy expands Bostik's engineering adhesive range and underscores Arkema's commitment to delivering innovative, high-performance adhesive technologies.
Master Bond Introduces Epoxy for Sealing Applications
Master Bond Inc. unveiled its latest innovation in epoxy systems, the Master Bond Supreme 3HTND-2DM. This robust, single-component epoxy delivers a rapid cure for efficient processing. Supreme 3HTND-2DM is specially tailored for the dam-and-fill technique, offering a viable alternative to traditional glob top solutions. Ideal for safeguarding chips and their sensitive wire connections, Supreme 3HTND-2DM harmonizes production efficacy with performance excellence, presenting a sophisticated encapsulant that adheres to the strict quality standards of modern electronic manufacturing.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Electronic Adhesives Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Electronic Adhesives Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Arkema SA, Avery Dennison Corporation, BASF SE, Delo Adhesives, Dow Chemical Company, Dymax Corporation, Element Solutions Inc., Ellsworth Adhesives, Evonik Industries AG, Glue Dots International, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC, Indium Corporation, LG Chemical Ltd., Master Bond Inc., Meridian Adhesives Group, Mitsui Chemicals, Inc., Panacol-Elosol GmbH, Parker Hannifin Corporation, Permabond LLC, PPG Industries, Inc., Shenzhen DeepMaterial Technologies Co., Ltd., Sika AG, Tesa SE, ThreeBond Holdings Co., Ltd., Toray Industries, Inc., Wacker Chemie AG, and Xiamen Weldbond New Material Co., Ltd.
Market Segmentation & Coverage
This research report categorizes the Electronic Adhesives Market to forecast the revenues and analyze trends in each of the following sub-markets:- Materials
- Acrylics
- Epoxies
- Polyurethanes
- Silicones
- Product Type
- Electrically Conductive Adhesives
- Thermally Conductive Adhesives
- Ultraviolet Curing
- Application
- Conformal Coating
- Encapsulation
- Surface Mounting
- End User
- Aerospace Electronics
- Automotive Electronics
- Desktops & Networks Devices
- Home Appliances
- Industrial Analytical & Measurement Instruments
- Medical Devices
- Mobiles & Telecommunication Devices
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
Table of Contents
193 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growth in Electronics Application to Increase Electronic Assembly Productivity
- 5.1.1.2. Growing Need for Miniaturized Electronic Products
- 5.1.1.3. Rising Demand Owing to the Introduction of 5G Network
- 5.1.2. Restraints
- 5.1.2.1. Fluctuation in the Prices of Raw Materials
- 5.1.3. Opportunities
- 5.1.3.1. Advancements and Developments in Medical Devices Such as the Application of UV Curable and Cyanoacrylate Adhesives
- 5.1.3.2. Growing Adoption of Electronic Adhesives in Electric Vehicles
- 5.1.4. Challenges
- 5.1.4.1. Environmental Impact of Electronic Adhesives
- 5.2. Market Segmentation Analysis
- 5.2.1. Materials: Utilization of acrylics and polyurethanes in electronics manufacturing offering strong bonding capabilities and thermal conductivity
- 5.2.2. Product Type: Preference for thermally condustive and ultraviolet curing adhesives to cater a harsh environments conditions
- 5.2.3. Application: Extensive applications of electronic adhesives in semiconductor and household electronic manufacturing
- 5.2.4. End User: Increasing uses of electronic adhesives in varied industries providing excellent insulation and biocompatibility
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of Russia-Ukraine Conflict
- 5.5. Cumulative Impact of High Inflation
- 5.6. Porter’s Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
- 5.7. Value Chain & Critical Path Analysis
- 5.8. Regulatory Framework Analysis
- 5.9. Client Customization
- 6. Electronic Adhesives Market, by Materials
- 6.1. Introduction
- 6.2. Acrylics
- 6.3. Epoxies
- 6.4. Polyurethanes
- 6.5. Silicones
- 7. Electronic Adhesives Market, by Product Type
- 7.1. Introduction
- 7.2. Electrically Conductive Adhesives
- 7.3. Thermally Conductive Adhesives
- 7.4. Ultraviolet Curing
- 8. Electronic Adhesives Market, by Application
- 8.1. Introduction
- 8.2. Conformal Coating
- 8.3. Encapsulation
- 8.4. Surface Mounting
- 9. Electronic Adhesives Market, by End User
- 9.1. Introduction
- 9.2. Aerospace Electronics
- 9.3. Automotive Electronics
- 9.4. Desktops & Networks Devices
- 9.5. Home Appliances
- 9.6. Industrial Analytical & Measurement Instruments
- 9.7. Medical Devices
- 9.8. Mobiles & Telecommunication Devices
- 10. Americas Electronic Adhesives Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Electronic Adhesives Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Electronic Adhesives Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. Bodo Möller and Henkel Expand Partnership to Improve Thermal Interface Materials
- 13.3.2. Arkema Acquires Polytec PT, Specialized in Adhesives for Batteries and Electronics
- 13.3.3. Master Bond Introduces Epoxy for Sealing Applications
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
Pricing
Currency Rates
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