Electronics Adhesive Market Trends and Forecast
The future of the global electronics adhesive market looks promising with opportunities in the epoxy based electronics adhesive, silicone based electronics adhesive, acrylic based electronics adhesive, and polyurethane based electronics adhesive markets. The global electronics adhesive market is expected to reach an estimated $8 billion by 2030 with a CAGR of 6% from 2024 to 2030. The major drivers for this market are adhesive technology advancements, flexible and stretchable adhesives development, and introduction of low-temperature curing adhesives.
Typical electronics adhesives use a blend of resins, hardeners, fillers, and solvents. Important resins include epoxy, silicone and acrylic. Proper curing is achieved through the use of hardeners and catalysts. Fillers are used to enhance mechanical properties and thermal stability. Solvents are added in order to control the adhesive’s viscosity for ease of application. The specific raw materials depend upon the type of adhesive and intended application. The price of electronics adhesives depends on formulation, performance and brand name. Epoxy or silicone adhesives which are high performance are usually more expensive compared to simple acrylic adhesives. Market prices can vary widely with premium products retailing at 20-30% higher than standard alternatives. Pricing competition is determined by cost of raw materials, advancement in technology as well as economies of scale among other factors
• Lucintel forecasts that epoxy based electronics adhesive will remain the largest segment over the forecast period.
• Within this market, printed circuit board is expected to witness the higher growth.
Country Wise Outlook for the Electronics Adhesive Market
The electonics adhesive market is witnessing substantial growth globally, driven by increased demand from various industries. Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major carbon fiber producers in key regions: the USA, China, India, Brazil, and Germany.
Emerging Trends in the Electronics Adhesive Market
Emerging trends in the electronics adhesive market shaping its future applications and market dynamics:
• Adhesive Technology Advancements: Thermal conductivity enhancement, electrical insulating capacity and bond strength improvement. Newer materials like thermally conductive adhesives and high-performance epoxy resins are being formulated to cater for advanced electronics.
• Flexible and Stretchable Adhesives: In line with the increasing flexibility of electronics, there is a need for adhesive that can stick to bent substrates while also being able to stretch or withstand stretching. They are elastic adhesives that work optimally under dynamic conditions.
• Introduction of Low-Temperature Curing Adhesives: The introduction of new adhesives which cure at low temperatures has been necessitated by the need to protect temperature-sensitive electronic components against damage. This is especially important in consumer electronics and automotive applications.
• Nanotechnology in Adhesives: Nano-sized particles can be added into adhesive formulations to improve key attributes including mechanical strength, electrical conductivity, resistance to environmental factors among others. At molecular level nanoparticles enhance performance of these adhesives.
• Sustainable and Eco-Friendly Adhesives: The current trend is towards the development of environment-friendly adhesives that have reduced volatile organic compounds (VOCs) and use sustainable raw materials. Water-based as well as bio-based adhesives are part of the industry’s shift towards greener solutions.
• High-Speed and High-Performance Adhesives: The demand for high frequency enduring adhesives increases with an increase in high-speed electronic devices in the market. This encompasses such innovations as increased dielectric properties of adhesion systems operating at high speed.
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Recent Development in the Electronics Adhesive Market
• Ongoing innovations and advancements in various sectors of the electronics adhesive market which have been highlighted by recent developments:
H.B. Fuller expanded its product line to include adhesives that cater to emerging trends in electronics, such as miniaturization and increased functionality.
A new line of high-performance electronics adhesives was launched by Henkel, with products designed for flexible electronics and high-temperature applications.
• New adhesive solutions were introduced by 3M in order to enhance the reliability and performance of electronic devices in a harsh environment.
• Dow has made some investments in R&D towards developing adhesives that bond better with various substrates used in electronic devices.
• LORD produced a whole range of new adhesives for high-performance applications in the automotive and consumer electronics industries.
• H.B. Fuller broadened its product offering to cover these emerging trends in electronics such as miniaturization and increased functionality.
Strategic Growth Opportunities for Electronics Adhesive Market
Some key strategic growth opportunities for this market include:
• Technological Advancements: The speed at which the electronics technology is advancing is an opportunity for growth. Electronics adhesives are important in putting together devices such as smartphones, tablets and wearable electronics. Adhesive formulations have to change with innovations in adhesive formulations including high performance, temperature tolerant and conductive adhesives that become necessary for these advancements.
• Growth of Consumer Electronics: Demand for electronics adhesives is driven by the fast growing consumer electronics market, with increasing utilization of smart phones, tablets and smart home devices. Electrically insulating, thermally conductive adhesive system with excellent heat dissipation properties becomes a necessity when working under compact spaces as electronic components tend towards miniaturization and integration.
• Expansion in Automotive Electronics: In the automotive industry more electronic components like sensors, displays, control systems among others are being included into vehicles. Developing specialized adhesives suitable for harsh automotive environments that can contribute to better vehicle performance will thus be required due to this trend influenced by the emergence of electric vehicles (EVs) and autonomous driving technologies.
• Advancements in Semiconductor Technology: As semiconductor technology progresses it calls for improved adhesives that can withstand high temperatures and offer reliable bonding during semiconductor packaging and assembly processes. With expanding semiconductor manufacturing bases and ever increasing complexities of semi-conductor devices there are opportunities for specialized electronic adhesives.
• Sustainability And Green Chemistry: There is now more focus on eco-friendly materials which are sustainable. This change aligns with global trends towards sustainability because it involves developing adhesive systems low in volatile organic compounds (VOCs) yet easily recyclable or disposed of without harmful effects on environment. Thus this shift opens up new market segments as well as seeks to cater for environment sensitive consumers and manufacturers.
Electronics Adhesive Market Driver and Challenges
The electronics adhesive market grows due to advancements in technology, increasing consumer electronics applications, automotive industry penetration and healthcare sector. However, regulatory standards, raw material price fluctuations and environmental issues present challenges that must be tackled if the market is going to grow further.
The factors responsible for driving the electonics adhesive market include:
• Growth in Electronic Industry: Production of more electronic devices and components increases demand for adhesives used in assembly and packaging.
• Technology Development: Innovations in electronics including miniaturization and flexible electronics necessitate better adhesive solutions.
• Rise of Consumer Electronics: The need for specialized adhesives enhances with growth in demand for wearable devices, smartphones, and tablets.
• Increased Automotive Electronics: The use of electronic technologies for advanced safety features and infotainment systems have increased the requirement for adhesives.
• Healthcare Electronic Devices: Use of electronic devices in various medical applications requires adhesives that are reliable as well as high performance.
• Adhesives Require High Performance: Superior thermal, electrical, and chemical properties are needed by these kinds of adhesives which cause market growth to increase.
Challenges in the electronic adhesive market:
• Strict Regulatory Standards: Compliance with regulations related to environment, safety can affect production processes or costs.
• Changing Raw Material Prices: Turbulence in prices of raw materials such as resins & solvents affects manufacturing cost of adhesives.
• Technological Complexity: Complication of development and manufacturing is caused by the need to have special adhesives for emerging technologies
• Environmental Issues: Adjusting product formulations to reflect demand for environmentally friendly products containing low VOC content is now crucial among manufacturers of eco-friendly glues
• A Competitive Market Place: There is high competition among adhesive makers that compel companies to keep on innovating while dropping cost
While the electronics adhesive market benefits from technological advancements and rising demand in various sectors, overcoming challenges like regulatory compliance, raw material costs, and environmental concerns is essential for sustained development and market stability.
Electronics Adhesive Suppliers and Their Market Shares
In this globally competitive market, several key players such as Henkel AG, 3M Company, Arkema SA, Hitachi Chemical, H.B Fuller, Kyocera Chemical Corporation, and Parker Hannifin Corporation, etc. dominate the market and contribute to industry’s growth and innovation. These players capture maximum market share. To know the current market share of each of major players contact us.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electronics adhesive companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electronics adhesive companies profiled in this report include-
• Henkel AG
• 3M Company
• Arkema SA
• Hitachi Chemical
• H.B Fuller
• Kyocera Chemical Corporation
• Parker Hannifin Corporation
These companies have established themselves as leaders in the carbon fiber industry, with extensive product portfolios, global presence, and strong research and development capabilities. They continually strive to enhance their market positions through strategic partnerships, mergers and acquisitions, and product innovations.
The market share dynamics within the carbon fiber market are evolving, with the entry of new players and the emergence of innovative carbon fiber technologies. Additionally, collaborations between material suppliers, manufacturers, and end-users are fostering technological advancements and expanding market opportunities.
Electronics Adhesive Market by Segment
The electronics adhesive market has witnessed considerable growth in some important segments. The main contributors to this growth include the adhesives used in consumer electronics for applications such as smartphones, tablets, and wearable gadgets where lightweight and high performing materials are needed. Similarly, the automotive industry is growing on account of electric cars and advanced driver assistance systems which require special adhesives for sensors as well as displays. The aerospace industry’s requirement for durable, high temperature resistant adhesives also adds to market potential. Moreover, the increasing demand for flexible electronics and advanced packaging solutions has resulted in a rise of the market share. In conclusion, it is noted that these sectors have been experiencing rapid growth due to the increased adoption of technology across all industries available in electronic adhesive market.
This electronics adhesive market market report provides a comprehensive analysis of the market's current trends, growth drivers, challenges, and future prospects in all major segments like above. It covers various segments, including product type, polymer type, application type,and product form industries. The report offers insights into regional dynamics, highlighting the major markets for electronics adhesive market and their growth potentials. The study includes trends and forecast for the global electronics adhesive market market by product type, polymer type, application type,and product form, and region as follows:
Electronics Adhesive Market by Product Type [Value from 2018 to 2030]:
• Thermally Conductive Adhesives
• Electrically Conductive Adhesives
• Others
Electronics Adhesive Market by Application Type [Value from 2018 to 2030]:
• Printed Circuit Board
• Semiconductor Packaging
Electronics Adhesive Market by Polymer Type [Value from 2018 to 2030]:
• Epoxy Based Electronics Adhesive
• Silicone Based Electronics Adhesive
• Acrylic Based Electronics Adhesive
• Polyurethane Based Electronics Adhesive
• Others
Electronics Adhesive Market by Product Form [Value from 2018 to 2030]:
• Paste
• Liquid
• Film
Electronics Adhesive Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
Features of the Global Electronics Adhesive Market
Market Size Estimates: Electronics adhesive market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Electronics adhesive market size by various segments, such as by product type, application type, polymer type, product form, and region in terms of value ($B).
Regional Analysis: Electronics adhesive market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, application type, polymer type, product form, and regions for the electronics adhesive market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electronics adhesive market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What is the electronics adhesive market size?
Answer: The global electronics adhesive market is expected to reach an estimated $7.7 billion by 2030.
Q2. What is the growth forecast for electronics adhesive market?
Answer: The global electronics adhesive market is expected to grow with a CAGR of 6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the electronics adhesive market?
Answer: The major drivers for this market are adhesive technology advancements, flexible and stretchable adhesives development, and introduction of low-temperature curing adhesives.
Q4. What are the major segments for electronics adhesive market?
Answer: The future of the electronics adhesive market looks promising with opportunities in the epoxy based electronics adhesive, silicone based electronics adhesive, acrylic based electronics adhesive, and polyurethane based electronics adhesive markets.
Q5. Who are the key electronics adhesive market companies?
Answer: Some of the key electronics adhesive companies are as follows:
• Henkel AG
• 3M Company
• Arkema SA
• Hitachi Chemical
• H.B Fuller
• Kyocera Chemical Corporation
• Parker Hannifin Corporation
Q6. Which electronics adhesive market segment will be the largest in future?
Answer: Lucintel forecasts that epoxy based electronics adhesive will remain the largest segment over the forecast period.
Q7. In electronics adhesive market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electronics adhesive market by product type (thermally conductive adhesives, electrically conductive adhesives, and others), application type (printed circuit board and semiconductor packaging), polymer type (epoxy based electronics adhesive, silicone based electronics adhesive, acrylic based electronics adhesive, polyurethane based electronics adhesive, and others), product form (paste, liquid, and film), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Electronics Adhesive Market Market, Electronics Adhesive Market Market Size, Electronics Adhesive Market Market Growth, Electronics Adhesive Market Market Analysis, Electronics Adhesive Market Market Report, Electronics Adhesive Market Market Share, Electronics Adhesive Market Market Trends, Electronics Adhesive Market Market Forecast, Electronics Adhesive Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.