NEW
YORK, Aug. 14, 2024 /PRNewswire/ -- The
global electronic adhesives market size is estimated to
grow by USD 2.29 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of almost 6.78% during the forecast period.
Technological advancements in adhesives is driving market
growth, with a trend towards new product launches by
players. However, fluctuating raw material prices poses
a challenge. Key market players include 3M Co., Arkema Group, Avery Dennison Corp.,
Beiersdorf AG, Chemence Inc., Dow Chemical Co., Dr. Honle AG,
DuPont de Nemours Inc., Dymax Corp., Elkem ASA, EpoxySet Inc., H.B.
Fuller Co., Henkel AG and Co. KGaA, Indium Corp., LG Corp., Master
Bond Inc., Meridian Adhesives Group, Parker Hannifin Corp., RAG
Stiftung, Sika AG, and Sony Group Corp..
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Electronic Adhesives
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.78%
|
Market growth
2024-2028
|
USD 2299
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
6.23
|
Regional
analysis
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 69%
|
Key
countries
|
China, India, US, UK,
and Japan
|
Key companies
profiled
|
3M Co., Arkema Group,
Avery Dennison Corp., Beiersdorf AG, Chemence Inc., Dow
Chemical Co., Dr. Honle AG, DuPont de Nemours Inc., Dymax Corp.,
Elkem ASA, EpoxySet Inc., H.B. Fuller Co., Henkel AG and Co. KGaA,
Indium Corp., LG Corp., Master Bond Inc., Meridian Adhesives Group,
Parker Hannifin Corp., RAG Stiftung, Sika AG, and Sony Group
Corp.
|
Market Driver
The global electronic adhesives market is experiencing
significant growth due to new product launches by both regional and
international players. These new offerings contribute to increased
revenue and expanded consumer bases for vendors. For instance, in
May 2024, DELO introduced DELO
DUALBOND EG6290, a closed-cavity packaging solution for
semiconductors and monitoring systems. In November 2022, Dow Inc. Launched VORATRON MA
8200S, a high-bonding adhesive for electric vehicle battery packs.
Additionally, Indium Corporation unveiled InTACK, a new adhesive
solution for semiconductor applications, at PCIM Europe in
April 2022. These new product
launches not only enhance market shares but also provide a
competitive edge for companies in the global electronic adhesives
market.
The Electronic Adhesives market is thriving in various
industries including Electronics, Surface mounting on PCBs,
Semiconductors, and more. Trends such as miniaturization/automation
in Computers, Communications, Consumer goods, Industrial, Medical,
Automotive, and Mobile devices drive the demand for these
adhesives. Epoxies and silicones are popular choices due to their
thermal conductivity, electrical conductivity, durability, and
optical clarity. Potting & encapsulations are essential for
protecting electronic circuits, while chip-scale packaging and
power semiconductors require high-performance adhesives. The
Communications industry, including fiber-optic connectivity, data
centers, and optical transceivers, relies heavily on electronic
adhesives. Eco-friendly, non-toxic options are increasingly
preferred for environmental concerns. Adhesives used in touch
screens & displays, medical electronic systems, and
optomechanical assemblies require specific properties like cure
speed and optical clarity. Key players include network companies,
wireless carriers, broadband carriers, and electronic component
manufacturers. The market continues to grow with advancements in
technology and the increasing use of epoxies and silicones in
various applications.
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Market Challenges
• The electronic
adhesives market is influenced by the cost structure of raw
materials and their availability. Key materials include plastic
resins, synthetic rubber, inorganic chemicals, industrial inorganic
chemicals, and refined petroleum products. Fluctuations in oil
prices, driven by global demand and Middle Eastern political
unrest, impact these materials' costs. Additionally, high logistics
costs due to fuel price increases add to the challenge.
Manufacturers face pressure to keep prices low for electronic
adhesives, which are cost-intensive to produce. Electrical
conductive adhesives (ECAs) cost is directly related to their
electrical conductivity, and price volatility can negatively impact
the market. Factors like ease of application, viscosity, electrical
conductivity, and mechanical properties influence ECA costs and
end-user industry operating costs. Therefore, price instability may
hinder the growth of the global electronic adhesives market.
• The
Electronics industry, including sectors like Automotive, Medical
Devices, Luxury Packaging, MRO, and 3D Printing, faces unique
challenges in adhesive selection. Bostik and Henkel are key players
in this market. At Formnext in Frankfurt, technological advancements like
contactless interaction and 3D Printing are driving demand for
customized adhesives. Attributes like high strength, flexibility,
electrical properties, and rapid curing are essential. Raw material
prices, miniaturized devices, and urbanization push the need for
non-stringing, long shelf life, and non-viscosity change adhesives.
Challenges in chip bonding, printeds circuit boards, and soldering
techniques like wave soldering, reflow soldering, and tin-soldering
require UV curing adhesives and acrylics or urethane acrylates.
Safety technologies, infotainment systems, and connectivity in
electric vehicles call for high-performance adhesives. The
Automotive and Medical Devices sectors also prioritize air
entrapment prevention and pot life extension. The Indian
government's Atmanirbhar initiative further boosts local production
and self-reliance in the electronics sector.
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challenges - Request a sample report!
Segment Overview
This electronic adhesives market report extensively covers
market segmentation by
- Application
- 1.1 Surface mounting
- 1.2 Conformal coating
- 1.3 Wire tacking
- 1.4 Potting and encapsulation
- Product
- 2.1 Electrically conductive adhesives
- 2.2 Thermally conductive adhesives
- 2.3 UV curing adhesives
- 2.4 Others
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Surface mounting- The electronic adhesives
market has experienced growth due to the increasing use of surface
mounting adhesives in various industries. Surface mounting
adhesives are essential in surface mounting assemblies for PCBs,
ensuring components remain in place during high-speed production
processes. Heraeus, a leading vendor in the market, offers
one-component thermo-setting solvent-free surface mounting
adhesives with high surface insulation resistance for applications
such as printing, dispensing, pin transfer, and jetting. Master
Bond Inc. Provides dielectric and conductive surface mounting
adhesive systems for major electrical applications, enhancing
functionality and productivity. Their silver-filled thixotropic
epoxy paste adhesives can replace metallurgical solders in surface
mounting assembly applications, adhering to a wide range of
substances. Key industries, including medical, aerospace,
electronics, automotive, and specialty OEMs, have benefited from
surface mounting adhesives, enabling efficient component dispensing
and increased productivity. As a result, the surface mounting
segment is projected to expand significantly, driving the global
electronic adhesives market throughout the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The Global Industrial Adhesives Market is projected to grow
significantly, driven by rising demand in automotive, construction,
and electronics industries. Key players are focusing on
eco-friendly adhesives and technological advancements. Similarly,
the Global Phenolic Resin Market is expected to expand due to its
increasing use in insulation, laminates, and coatings. This market
is characterized by innovations in product formulations to enhance
performance and sustainability. Both markets are influenced by
growing industrialization and demand for high-performance materials
in emerging economies.
Research Analysis
Electronic adhesives are essential materials used in the
electronics industry for various applications, including surface
mounting, PCBs, semiconductors, potting & encapsulations, and
electronic circuits. They are used in various sectors such as
computers, communications, consumer goods, industrial, and more.
Electronic adhesives come in different forms, including epoxies and
silicones, coatings, and electrically conductive adhesives. These
adhesives play a crucial role in bonding electronic components to
circuit boards and in the encapsulation of sensitive electronic
components. Technological advancements in the electronics industry,
such as the development of 5G infrastructure networks and the
production of smartphones, have led to an increased demand for
electronic adhesives. However, environmental factors and raw
material prices can impact the market. Tin-lead solders,
contactless interaction, and chip bonding are other areas where
electronic adhesives are used. UV curing adhesives and
tin-soldering are also popular methods used in the industry. The
market for electronic adhesives is expected to grow significantly
due to the increasing demand for electronic devices and the need
for reliable and efficient bonding solutions.
Market Research Overview
Electronic adhesives play a crucial role in the electronics
industry, enabling surface mounting of components on Printed
Circuit Boards (PCBs) and securing the attachment of
semiconductors. These adhesives are essential in various sectors,
including computers, communications, consumer goods, industrial,
medical, automotive, and more. The market encompasses epoxies and
silicones, used for potting & encapsulations, electronic
circuits, and chip-scale packaging. Electronic adhesives offer
attributes like thermal conductivity, electrical conductivity,
durability, optical clarity, and cure speed. They are eco-friendly
and non-toxic, making them suitable for diverse applications. In
the communications industry, they contribute to fiber-optic
connectivity, data centers, and optical transceivers. In the mobile
electronic devices sector, they are integral to touch screens &
displays, smartphones, and wireless communication. The market is
influenced by technological advancements, product launches, and
product portfolio expansion. Raw material prices, environmental
factors, and the growing demand for 5G infrastructure networks also
impact the market. Epoxies and silicones are widely used in various
applications, from power semiconductors to optomechanical
assemblies. Network companies, wireless carriers, and broadband
carriers are significant consumers of electronic adhesives. The
market includes various resin types, such as epoxy resin, silicone
resin, acrylic resin, polyurethane resin, and others. Applications
range from industrial to commercial aviation, luxury packaging,
MRO, and more. Key trends include miniaturization/automation,
customization, and the increasing use of electrically conductive
adhesives as alternatives to tin-lead solders. Major events like
Formnext in Frankfurt showcase the
latest technological advancements and product offerings. Companies
like Henkel and Bostik are significant players in the market,
catering to various industries and applications. The market
continues to evolve with the increasing demand for eco-friendly,
non-toxic adhesives and the growing importance of 5G infrastructure
networks and electric vehicles.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- 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
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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and potential markets and assess their competitive positions within
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Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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