Electronics Adhesives Market Size (2023-2028):

The Global Electronics Adhesives Market was valued at US$ 4.24 billion in 2022 and is anticipated to increase to US$ 6.21 billion by 2028, with a growing CAGR of 6.82% during the forecast period 2023-2028.

Market Overview:

A widely used form of glue in the electronics sector is electrically conductive adhesive. The electric conductivity of electrically conductive glue is formed by a component that makes up around 80% of the overall mass. A sticky element that halts the conducting element holds the electrically conductive glue together. The particles of the conductive component initiate contact with others, allowing electricity to flow. The conducting element might be Nickel, silver, copper, or graphite. Other conductive materials exist, although they are uncommon. Varnish, synthetic resin, and Silicone are all adhesives that can be utilized. Variations in the kind and concentration of something like the conductive component alter the adhesive's resistance. The electronic adhesive could be used to repair a broken conductor on such a printed circuit board, among other things. Paint the inside of plastic boxes that store electronic components with electrically conductive glue. As a result, a Faraday Cage is formed, shielding inner components from electromagnetic radiation. In scanning microscopy, electrically conductive adhesives also are employed to anchor and ground the subject to avoid electrostatic charging of the surface.

Market Drivers:

The Global Electronics Adhesives Market has grown rapidly due to the expansion of the electrical and electronics industry as a result of numerous innovations and rising consumer electronics product sales. Furthermore, the prominence of medical equipment and wearables is rapidly increasing. Increased demand for adhesives for bonding numerous components in medical equipment is expected to drive market expansion. The expansion of the electrical and electronics sector, which is attributed to various advancements and increased sales of consumer electronics goods, is driving the Global Electronics Adhesives Market. Another important factor contributing to the development and growth of the Electronics Adhesives Market is the increasing technological advancements in electronics adhesive production. Furthermore, the adoption of novel solid-state semiconductor technologies in consumer and industrial applications is expected to enhance market growth. Companies invest more in R&D for specific applications including microelectronic devices. Medical devices and wearables are becoming increasingly popular. The growth of the market for adhesives for bonding multiple components in medical products is estimated to fuel the market growth during the forecast period. Furthermore, expected to boost the growth of adhesives from printed circuit boards (PCBs) is expected to drive market growth.

Market Restraints:

Price fluctuation in raw materials is expected to be a key stumbling obstacle to market development.

ELECTRONICS ADHESIVES MARKET REPORT COVERAGE:

Market Segmentation:

Electronics Adhesives Market - By Form:

• Liquid Form
• Paste Form
• Solid Form

The Liquid Form sector is expected to have the greatest CAGR. The rising use of pasted electronics adhesives as attaching and encapsulating numerous forms of electrical components has contributed to the segment's rise.

Electronics Adhesives Market - By Type:

• Electrically Conductive
• Thermally Conductive
• UV Curing

The Electrically Conductive is the dominant one in the global electronics adhesive market, the adhesive is a type of glue that is largely used in the electronics industry. The Electric Conductivity of Electrically Conductive glue is produced by the material that contributes to around 80% of the entire mass. An adhesive element that halts the conductive component holds the Electrically Conductive adhesive together. Depending on the spacing between components, many common adhesives, including cyanoacrylates, anaerobic, epoxies, and acrylic-based adhesives, operate as electrical insulators. Some have a higher thermal conductivity, which helps with the thermal management of electronic components and passive heat sinks by channelling heat away from sensitive components.

Electronics Adhesives Market - By Application:

• Printed Circuit Board
• Semiconductor & IC

The printed circuit board is expected to help in the growth of the global market. The term "printed circuit board" is sometimes used to refer to "printed wiring boards" or "printed wiring cards." Prior to the PCB, connections were constructed using a time-consuming point-to-point wiring method. Once wire insulation starts to decline and crack, it causes frequent short circuits and failures at wire connections. Wire wrapping, which involves wrapping a small gauge wire around with a post at each connection point to create a gas-tight, extremely robust, and readily adjustable attachment, was a significant advancement.

Market Reginal Analysis:

• North America
• Europe
• Asia Pacific 
• Latin America
• Middle East and Africa  

Asia Pacific electronics adhesives market has been ruling with the dominant share for the past few years and is expected to continue the same growth during the forecast period. A growing number of industries in emerging countries like India, China, Japan, and Others is a significant driver for the market to grow eventually in Asia Pacific. Many industries moved their production base to these countries to increase their portfolio by launching innovative products. Electronic adhesives can work more effectively in place of tin-lead solders, thus amplifying the demand for the market. 

The North American electronics adhesives market is deemed to have the fastest growth rate during the forecast period. Rapid urbanization and increasing prominence to develop eco-friendly and non-toxic products in the semiconductor industry are eventually prompting the demand for the market. Growing investments from both private and public organizations are elevating the growth rate of the electronics adhesives market. In addition, the growing prominence of high-speed internet facilities in urban areas in developed countries like the US and Canada is greatly influencing the demand for the market. 

Europe electronics adhesives market growth is esteemed to have significant opportunities during 2023-2028 with the increasing significance for the automation of electronic devices. 

Impact of COVID-19 (Electronics Adhesives Market):

The COVID-19 outbreak has had a major effect on health outcomes all over the world. Every business must battle upon two bases: healthcare and profitability, and it will be forced to endure this enforced downturn. With the global financial downturn and the resulting cash constraints, there is a lot of hope that the recovery period will proceed smoothly. As a byproduct of its proliferation, the Coronavirus has harmed the whole globe, which leads to lockdowns. As a result, supply chains have already been interrupted. The pandemic has caused chaos in the world's systems. As a response, there were good and bad aspects for the international economy.

Market Key Players:

1. Alent PLC
2. BASF SE
3. The Dow Chemical Co.
4. H.B. Fuller
5. Henkel AG & Co. KGAA
6. Indium Corporation
7. Kyocera Chemical Corporation
8. LG Chemical Limited
9. Mitsui Chemicals, Inc.
10. The 3M Company.

Market Key Developments:

• 13^th July 2021: Panacol has created a novel consumer electronics reworkable underfill. The new Structalit 5751 adhesive's rework ability and fluorescence, despite its black hue, helps manufacturers to cut both production costs and environmental effects by reusing electronic components installed on PCBs. This is a new reworkable under-fill glue that allows for more precise process control.
• 3^rd June 2019: The adhesive raw ingredient acResin's manufacturing capacity has been doubled by BASF. By constructing an additional production facility at its Ludwigshafen plant in Germany, BASF has quadrupled its production capabilities for UV acrylic hotmelts offered under the brand name acResin. The firm has enhanced its position as the premier solution supplier for advanced adhesive applications by taking this step. The new facility was built at a cost of many millions of euros, and the increased capacity it provides is now available.