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Electronics Adhesives Market Segmentation By Form (Liquid Form, Paste Form, Solid Form), By Type (Electrically Conductive, Thermally Conductive, UV Curing), By Application (Printed Circuit Board and Semiconductor & IC), By Region-North America, Europe, Asia Pacific, Latin America, Middle east and Africa Scope and Forecast 2022-2027.

Published: March, 2022
ID: 12873
Pages: 175
Formats: report pdf report excel report power bi report ppt

Electronics Adhesives Market Size (2022-2027)

Electronics Adhesives Market was valued at US$ 4.44 Billion in 2021 and is anticipated to increase to US$ 7.35 Billion by 2027, with a growing CAGR of 6.50% in the next six years.

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.

Electronics Adhesives 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 the 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.

Electronics Adhesives Market Restraints:

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

ELECTRONICS ADHESIVES MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021– 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

6.50%

Segments Covered

  • By Form

  • By Type

  • By Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

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

Market Leaders Profiled

Alent PLC, BASF SE, The Dow Chemical Co., H.B. Fuller, Henkel AG & Co. KGAA, Indium Corporation, Kyocera Chemical Corporation, LG Chemical Limited, Mitsui Chemicals, Inc., The 3M Company.

 

Market Segmentation:

Electronics Adhesives Market By Form:

  • Liquid Form

  • Paste Form

  • Solid Form

Based on form, the global electronics adhesives market is divided into liquid form, paste form, and 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 is contributed to the segment's rise.

Electronics Adhesives Market By Type:

  • Electrically Conductive

  • Thermally Conductive

  • UV Curing

Based on type, the global electronics adhesives market is divided into electrically conductive, thermally conductive, and 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 channeling heat away from sensitive components.

Electronics Adhesives Market By Application:

  • Printed Circuit Board

  • Semiconductor & IC

Based on application, the global electronics adhesives market is divided into printed circuit boards, semiconductors, and 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 caused 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.

The Electronics Adhesives Market Report includes the segmentation of Regions:

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

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 would 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 on the world's systems. As a response, there were good and bad aspects for the international economy.

Recent Developments:

13th 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.

3rd 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 adhesives 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.

Electronics Adhesives Market Key Players:

The key players in the Electronics Adhesives Market are:

  • Alent PLC
  • BASF SE
  • The Dow Chemical Co.
  • H.B. Fuller
  • Henkel AG & Co. KGAA
  • Indium Corporation
  • Kyocera Chemical Corporation
  • LG Chemical Limited
  • Mitsui Chemicals, Inc.
  • The 3M Company.

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FAQ's

What are the things that are not helping the growth of the electronics adhesives market?

Fluctuation in the raw material prices is not helping in the growth of the electronics adhesives market.

Which Country is the dominant one in the global electronics adhesives market?

Asia Pacific (APAC) region is dominating in the global electronics adhesives market

What is the key application of electronics adhesives?

The key application of electronics adhesives is printed, circuit board

Which company accounted for the highest market share?

Henkel, 3M, and Hitachi chemicals hit the top market share company.

What are the key companies operating in the market?

The key companies operating in the market are - Alent PLC, BASF SE, The Dow Chemical Co., H.B. Fuller, Henkel AG & Co. KGAA, Indium Corporation, Kyocera Chemical Corporation, LG Chemical Limited, Mitsui Chemicals, Inc., The 3M Company

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