Reports Description
According to Custom Market Insights (CMI), the Global Electronics Adhesive Market size was estimated at USD 4.08 Billion in 2021 and is expected to hit around USD 6.08 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 7.53 % from 2022 to 2030.
Electronics adhesive provides a strong bond or adhesion during electronic assembly. These adhesives are ideal components for electrical interconnects, thermal, and structural bonding applications. In addition, electronic adhesive offers the reliability of electronic components. Furthermore, electronic adhesives are mainly used in surface-mounting, assembling substrates on PCBs and semiconductors, potting & encapsulations, and manufacturing & assembly of electronic circuits and products.
The global electronics adhesive market is evolving, and companies are now focusing more on strengthening and consolidating R&D activities; thereby increasing the production capacity of the electronics adhesive, thus driving the market growth by catering to the need for electronics adhesive in various end-use industries.
Growth Factors.
The growing use of electronics adhesive in electronics will aid the market growth
The technological advancement, upgradation, and miniaturization in new product developments spurring electronics components, and the OEM manufacturing industry have enhanced the performance of electronics adhesive during the forecast period. In response to this, the growing demand for touch screens, displays, medical electronics systems, automation of mobile devices, and medical devices will drive the electronics adhesive market in the upcoming years. In addition, advancement in electronic components is also likely to act as one of the key factors for the electronic adhesive market.
According to data published by, Invest India in 2020, electronic component production rises by $4 bn in 4 years from 2014 to 2018. These factors are expected to create new avenues for electronic adhesives.
The growth of the electronics adhesive market is driven by growing demand for consumer wearable electronic devices, medical equipment, computers, PCB, laptop, LED, and among many others are expected to create the need for electronic adhesive. It is extensively used for potting, encapsulating, sealing, coating, and bonding. These factors are key market trends for the electronics adhesive market.
Furthermore, several, key companies are actively engaged in the manufacturing of cost-effective electronics adhesives where thermally and electrically based electronics adhesives are widely employed in the various end-use industry. These factors collectively witnessed high potential growth for electronics adhesive; thus, offering remunerative opportunities for the market.
Electronics Adhesive Market Segmentation.
Electronics adhesive market, segmented by Product Type
Depending upon the product type, the electronics adhesive market is segmented into thermal conductive and electrically conductive.
The thermal conductive segment dominated the market in 2021 and is expected to grow over the forecast period and was valued at 1.39 billion in 2021.
The thermally conductive-based electronics adhesive is mainly formulated with silicone, epoxy, resins, and acrylic adhesives. With upgradation in the thermal conductive properties, electronic adhesive finds application in chip-scale packaging, power semiconductors, PCB, and other electronic devices. Additionally, electronic devices have successfully replaced traditional soldering systems. These factors are expected to boost the market in the upcoming years.
The electronics adhesive market, segmented on the basis of Application
Based on application, the global electronics adhesive market is studied across surface-mount devices, potting & encapsulation, conformal coatings, industrial, and others. It is expected that the global surface-mount devices application segment to hold a dominant position during 2022 – 2030 with a total share of 44.78%.
Growing demand for electric vehicles, consumer demand for electronic gadgets, electrically based household appliances, and government support for the electrical industry will escalate the electronic adhesive market during the forecast period. Additionally, electronic adhesive acts as a hardening agent, which is mainly used to fix the component on the printed board.
Furthermore, the growing semiconductor industry has enhanced the demand for electronic adhesives. For instance, according to an article published by Semiconductor Industry Association in June 2022, Global Semiconductor Sales increased by 13.3% in Q2 2022 compared to Q2 2021. Electronics adhesive has a wide range of applications in the semiconductor industry where it has been used for surface-mounting and assembling substrates on PCBs and semiconductors. This factor is expected to drive the overall demand for electronic adhesives in the upcoming years.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 4.08 Billion |
| Projected Market Size in 2030 | USD 6.08 Billion |
| Market Size in 2022 | USD (2022Value) Billion/Million |
| CAGR Growth Rate | 7.53 % CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | 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, YAMATO Co. Ltd, and Others |
| Key Segment | By Product Type, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Regional Analysis
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is the dominant region in the global electronics adhesive market. This region is also anticipated to maintain its dominance throughout the forecast period, with a total market share of 40.78%. Countries such as China, India, Japan, South Korea, and others have a good presence in the electrical & electronics industry which will create the need for electronics adhesive for surface mounting and encapsulation of semiconductor and PCB components. Furthermore, India has received an FDI inflow of $ 88.94 bn in Computer Software and Hardware from April 2000 to June 2022. Such government support for the electronics industry is expected to foster the market in the upcoming years. In addition, countries such as Japan and Taiwan are constantly engaged in expanding their electrical & automation manufacturing output, where different types of electronics adhesives are widely employed as a protecting material in various electrical & electronic products. For instance, according to a report published by Hennessy Funds, Japan accounts for around 30% market for supplying factory automation products in the world. These factors are escalating the demand for electronics adhesive in the Asia-Pacific region.
Furthermore, the North American region will also show considerable growth during the forecast period. Europe region is also expected to show positive growth in the electronics adhesive market during the forecast period. This is attributed to the rising population, growing demand for electric vehicles and electronic components, and other end-use industry has surged the demand for electronics adhesive.
Key Market Players in the Electronics Adhesive Market
- 3M
- Dymax Corporation
- DOW Chemical Company
- Henkel AG & Co. KGaA
- 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
- YAMATO Co. Ltd.
Key Findings:
- The thermally conductive product type segment is valued at 1.39 billion in 2021 and is expected to maintain a dominant position during the forecast period.
- Surface-mount devices, application segment is to hold a dominant position during 2022 -2030 and grow at a CAGR of 44.78% during the forecast period.
- Asia-Pacific is the dominant region in the nano-metal oxide market and growing at a CAGR of 40.78%.
Recent Development:
In January 2022: A Parker LORD, a subsidiary of Parker Hannifin, a global leader in motion and control technologies, has expanded its products portfolio for electric vehicle manufacturers that include new thermally conductive (TC) adhesives and one-component (1K) low-density gap fillers to support their leading product offering of thermal management encapsulants, adhesives, and gap fillers. This strategic business expansion has increased the potential sales of Parker’s electronics adhesive in Germany.
In January 2022: DuPont launched a laminate adhesive product named Pyralux Adhesive System for High-Performance Electronics. This strategic product launch has enhanced DuPont’s product portfolio for electronics adhesive.
In June 2019: Bostik S A launched a new range of engineering adhesives named as Born2Bond which is designed for ‘by-the-dot’ bonding applications in selected industries, such as automotive, electronics, luxury packaging, medical devices, and MRO. This strategic product launch has escalated Bostik’s product portfolio for adhesives.
COVID-19 Analysis
The electronics adhesive market has negative impact due to the wake of the COVID-19 pandemic, owing to the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020.
Due to the spread of the coronavirus pandemic, the manufacturer has faced challenges in terms of operation and supply chain of electronic-based products, due to government restrictions during the lockdown.
Furthermore, to control the surge of novel coronavirus cases, there is a drastic shift of investments from other sectors toward the electronic sector. Also, several electronics adhesive-based product manufacturing companies have either shut down or shrunk their operations due to the risk of infection among the workforce.
This has temporarily hampered the demand and supply chain of the electronics adhesive market. In addition, the falling income of customers has led contraction in the demand for electronic components, displays, witches, automotive components, and others during the COVID-19 period.
In the first quarter of 2021, the market for electronics adhesive has experienced an increase in the demand for electronics adhesive in automotive, biomedical, electronics, textile, and other end-use industries worldwide, compared to that in 2020.
Segments covered in the report
By Product Type
- Thermal Conductive
- Electrically Conductive
- UV Curing
- Others
By Application
- Surface-mount devices
- Potting & Encapsulation
- Conformal Coatings
- Others
- Industrial
By Region
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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