The global electronics adhesives industry is anticipated to reach a valuation of US$ 5.1 billion in 2023, fueled by expanding smart home technical breakthroughs. The trend is predicted to offer up new opportunities for the market, resulting in a projected CAGR of 9.0% between 2023 and 2033, with a total valuation of more than US$ 12.1 billion by 2033.
One of the primary factors supporting the growth of the electronics adhesives market is the continual advancement and innovation in electronic gadgets. The growing demand for smaller, lighter, and more compact electronic equipment necessitated the development of adhesive materials capable of providing strong and trustworthy bonding in miniature applications. With the downsizing trend, electronics adhesives play an important role in ensuring the secure attachment of components, allowing for the smooth integration of complex electronic systems.
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The rising complexity of electrical device designs is another key aspect driving market expansion. As electronic gadgets become more sophisticated and multifunctional, the demand for adhesives that can connect varied materials and substrates has increased. Adhesive solutions that are compatible with a wide range of surfaces, including metals, plastics, ceramics, and glass, are in great demand. Adhesives with exceptional adhesion strength, thermal stability, and resistance to environmental variables such as moisture, temperature changes, and chemicals are required by manufacturers.
The rise of emerging technologies is also expected to propel the electronics adhesives industry forward. New opportunities in the electronics business are being created by technologies such as 5G, the Internet of Things (IoT), artificial intelligence (AI), and virtual reality (VR). Adhesive solutions that are dependable and long-lasting are required for applications ranging from high-speed communication systems to complex sensor devices. Electronic adhesives are critical to the performance, longevity, and dependability of these modern electronic devices.
The growing emphasis on sustainability and environmental standards is having an impact on the electronics adhesives business. Manufacturers are looking for ecologically friendly adhesive solutions that are low in volatile organic compounds (VOCs) and meet severe regulations. The creation of environmentally friendly adhesives that perform as well as traditional counterparts is becoming a primary emphasis area, generating demand for sustainable adhesive solutions.
The semiconductor business is rapidly expanding and advancing technologically. To maintain dependable connections and heat control, the transition to advanced packaging technologies like as system-in-package (SiP), fan-out wafer-level packaging (FOWLP), and 3D packaging need unique adhesive solutions. Electronics adhesives are essential for attaching and protecting semiconductor equipment, fueling demand for specific adhesive compositions.
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Key Takeaways from the Market Study
- Global electronics adhesives market was valued at US$ 4.7 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 6.5%.
- China is expected to hold a dominant CAGR of 8.5% during the forecast period.
- By Material Type, the Polyurethane segment is expected to constitute a CAGR of 8.5% in 2033.
- On the basis of End-Use, the automotive sector segment is expected to dominate the market with a CAGR of 8.6% in 2033.
- From 2023 to 2033, electronics adhesives market is expected to flourish at a CAGR of 9.0%.
- By 2033, the market value of electronics adhesives is expected to reach US$ 12.1 billion.
Technological advancements in adhesive formulations, across the globe is a major factor that is expected to propel the growth of the electronics adhesives market in the near future, remarks an FMI analyst.
Competitive Landscape
Prominent players in the Electronics Adhesives market are 3M, Dymax Corporation, DOW Chemical Company, Henkel AG & Co. KGaA, H.B. Fuller Company (Royal Adhesives & Sealants LLC), Evonik Industries AG, Sika AG, Bostik AG, ThreeBond, Shin Etsu Silicones, Konishi Co, LTD., TERAOKA SEISAKUSHO CO., LTD., TOMOEGAWA, and YAMATO Co., Ltd., among others.
Recent Developments
- In 2021, B. Fuller announced the development of a new generation of UV-curable adhesives for electronics assembly. These adhesives offer rapid curing, high bond strength, and enhanced environmental resistance, enabling efficient production processes and improved product performance.
- In 2021, Henkel launched a new series of electrically conductive adhesives (ECAs) for automotive electronics applications. These adhesives provide reliable electrical conductivity, excellent adhesion to various substrates, and resistance to harsh automotive environments.
- In 2020, 3M launched a new series of thermally conductive adhesives designed for bonding and dissipating heat in electronic devices. These adhesives provide efficient thermal management, enabling improved performance and reliability of electronic components.
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More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global electronics adhesives market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the electronics adhesives market, the market is segmented on the basis of material type (polyurethane, acrylics, silicones, and epoxy), by end-use (thermal management, conformal coatings, encapsulation, surface mounting, wire tacking, soldering, underfills, sealing, and constructional), by application (mobiles and telecommunication devices, desktops and networks, televisions, home appliances, automotive electronics, aerospace electronics, analytical & measurement instruments, and other industrial), across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA)).
The chemicals & materials team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
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