- Asia Pacific dominated the electronic adhesives market in 2023 and accounted for 32% revenue share.
- North America is the fastest-growing region in the global market.
- By resin type, the epoxy segment has accounted market share of around 37% in 2023.
- Based on application type, the surface mounting segment dominated the market in 2023.
- Based on end user, the consumer electronics segment dominated the market in 2023 and will continue doing so throughout the forecast period.
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Growth Factors:
The growth of the electronic adhesives market is driven by the rising adoption of advanced technologies, such as 5G, Internet of Things (IoT), and miniaturization of electronic devices. The increasing demand for lightweight, compact, and high-performance electronic products is also contributing to market growth. Additionally, the expansion of the electric vehicle market and the growing focus on sustainability are expected to drive the demand for electronic adhesives.
Regional Insights:
The Asia-Pacific region dominates the electronic adhesives market, mainly due to the presence of major electronic manufacturing hubs in countries like China, Japan, and South Korea. The region’s large population and increasing purchasing power contribute to the growing demand for electronic devices. North America and Europe also have significant market shares, driven by the demand for advanced electronic products and technological innovations.
Electronic Adhesives Market Scope
| Report Coverage | Details |
| Growth Rate from 2024 to 2033 | CAGR of 9.07% |
| Global Market Size in 2023 | USD 5.20 Billion |
| Global Market Size in 2024 | USD 5.67 Billion |
| Global Market Size by 2033 | USD 12.40 Billion |
| Largest Market | Asia Pacific |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Resin Type, By Form, By Application, and By End-user Industry |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Electronic Adhesives Market Dynamics
Drivers:
The main drivers of the electronic adhesives market include the growing demand for consumer electronics, increased use of electric vehicles, and advancements in telecommunications technology. Moreover, the rising trend of miniaturization in electronic devices and the need for lightweight, high-performance materials are boosting market growth.
Opportunities:
The market presents opportunities for innovation in the development of environmentally friendly adhesives that comply with regulatory standards. There is also potential for growth in emerging markets, such as India and Southeast Asia, where electronic device usage is on the rise. Additionally, the development of adhesives with enhanced properties, such as thermal conductivity and electrical insulation, can open new avenues in the market.
Challenges:
One of the main challenges in the electronic adhesives market is the stringent regulatory environment related to the use of certain chemicals in adhesives. Ensuring the quality and reliability of adhesives while maintaining cost-effectiveness can also be challenging. Moreover, fluctuations in raw material prices and supply chain disruptions can impact market stability. Additionally, the rapid pace of technological change may pose challenges for companies to keep up with innovation and evolving industry standards.
Read also: Smart Medical Devices Market Size to Cross USD 152.30 Bn by 2033
Recent Developments
- In May 2023, Arkema acquired Polytec PT, a German company that specializes in manufacturing adhesives for batteries and electronic products. The company has sales worth 15 Euros and has its main production site in Karlsbad, Germany. Arkema assures us that it will strengthen the company further by serving the best in the ever-growing batteries and electronics market.
- In February 2024, Intertronics, a company specializing in adhesive manufacturing, launched a structural adhesive selection guide. It will help the manufacturers find the right optimal adhesive for their application in order to get a strong and highly effective bond. In this guide, one can find a detailed overview of the chemistries of five structural adhesives: Epoxy, polyurethane, cyanoacrylate, UV curing, and methyl methacrylate (MMA). The guide has been designed in a way that will benefit a wide range of industries, including automotive, aerospace, electronics, construction, etc.
Electronic Adhesives Market Companies
- Arkema
- 3M
- Ashland
- AVERY DENNISON CORPORATION
- BASF SE
- Beardow Adams
- CHEMENCE
- Covestro AG
- Dow
- Fuller Company
- Henkel AG & Co. KGaA
- Huntsman International LLC
- Illinois Tool Works Inc. (ITW)
- MAPEI S.P.A.
- Permabond LLC
- Pidilite Industries Ltd.
- Sika AG
Segments Covered in the Report
By Resin Type
- Epoxy
- Acrylics
- Polyurethane
- Silicone
- Others
By Form
- Liquid
- Paste
- Solid
By Application
- Conformal Coatings
- Surface Mounting
- Encapsulation
- Wire Tacking
- Others
By End-user
- Consumer Electronics
- IT Hardware
- Automotive
- Medical
- Aerospace & Defense
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
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