The electronic adhesives market has made remarkable strides in recent years, expanding from $4.69 billion in 2024 to an anticipated $5.16 billion in 2025. This progression reflects a compound annual growth rate (CAGR) of a hefty 10.0%. The surge in the historical period can be ascribed to factors such as global electronics industry growth, quality assurance and standards, demand for high performance, and emergence of new materials.
Furthermore, the electronic adhesives market is forecasted to experience accelerated growth and is predicted to reach $7.65 billion in 2029, boasting a CAGR of 10.4%. The forecasted growth is attributable to factors such as rapid evolution in consumer electronics, smart manufacturing, increasing demand in automotive electronics, industry 4.0, reliability, and performance standards. Important trends in the forecast period include innovative application methods, healthcare electronics demand, global market penetration, advanced materials development, expansion in IoT and connectivity and the trend of miniaturization.
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What Is Driving The Growth Of Electronic Adhesive Market?
The increasing demand for smartphones is a predominant catalyst propelling the growth of the electronic adhesives market. Electronic adhesives play a crucial role in the assembly of various smartphone components, connecting features such as the camera lens, the glass display window, the battery compartment, the outside case, and more. For instance, according to a report published in March 2023 by Cybercrew, a UK-based company providing cybersecurity solutions, it is projected that by 2026, 93.8% of UK households will be using smartphones. This mounting demand for smartphones has inevitably stimulated the growth of the electronic adhesives market.
What Are The Prominent Segments Within The Electronic Adhesives Market?
– Resin Type: Epoxy, Silicone, Polyurethane, Acrylic, Other Resin Type
– Type: Non-Conductive, Electrically Conductive, Thermally Conductive, Ultra Violet Curing
– Form: Liquid, Paste, Solid
– Application: Thermal Management, Conformal Coatings, Encapsulation, Surface Mounting, Wire Tacking, Soldering, Underfills, Sealing, Constructional
– End Use: Mobiles And Telecommunication Devices, Desktops And Networks, Televisions, Home Appliances, Automotive Electronics, Aerospace Electronics, Analytical And Measurement Instruments, Other End Uses
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Which Major Players Are Thriving In The Electronic Adhesives Market?
Major companies operating in the electronic adhesives market encompass the likes of 3M Company, Dymax Corporation, The DOW Chemical Company, Henkel AG & Co. KGaA, H.B. Fuller Company, BASF SE, Evonik Industries AG, Sika AG, Bostik AG, and ThreeBond amongst others. These brands are striving to develop cutting-edge solutions and innovative products to maintain their competitive edge in the ever-evolving market landscape.
What Emerging Trends Are Making An Impact On The Electronic Adhesives Market?
Innovation developments are prominent trendsetters in the electronic adhesives market with major companies stepping up their game. A popular trend is the launch of new adhesive solutions such as Extended Wear Adhesive Tape, which bolsters device wear time up to 21 days. For instance, in 2022, 3M launched a Spunlace Extended Wear Adhesive Tape designed to support continuous wear for up to 21 days, marking a significant advancement in health monitoring devices.
Which Region Is Fastest Growing In The Electronic Adhesives Market?
In 2024, Asia-Pacific was the largest region in the electronic adhesives market and is also predicted to be the fastest-growing region forecasted ahead. The electronic adhesives market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Electronic Adhesives Market Report 2025 Offer?
Electronic adhesives are particularly crucial in the manufacturing and assembly of electronic circuits and products. They are used in various applications including surface mounting, assembling substrates on printed circuit boards (PCB) and semiconductors, potting and encapsulations. The Electronic Adhesives Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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