The electronic adhesives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Electronic Adhesives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The electronic adhesives market size has grown rapidly in recent years. It will grow from <b>$4.28 billion in 2023 to $4.72 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. </b> The growth in the historic period can be attributed to quality assurance and standards, demand for high performance, global electronics industry growth, emergence of new materials.
The electronic adhesives market size is expected to see strong growth in the next few years. It will grow to <b>$6.87 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. </b> The growth in the forecast period can be attributed to reliability and performance standards, rapid evolution in consumer electronics, smart manufacturing and industry 4.0, increasing demand in automotive electronics, environmental regulations and sustainability. Major trends in the forecast period include advanced materials development, healthcare electronics demand, global market penetration, expansion in iot and connectivity, innovative application methods, miniaturization trends.
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Scope Of Electronic Adhesives Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Electronic Adhesives Market Overview
Market Drivers –
Increasing demand for smartphones is expected to propel the growth of the electronic adhesives market going forward. A smartphone refers to a portable electronic gadget with a cellular network connection. Electronic adhesives help smartphones connect the glass display window and camera lens, the keypad and membrane switch sections, the flex circuits and cables, the microphones and speakers, the electromagnetic interference (EMI) shielding, the battery compartment, and the outside case. For instance, the Pew Research Center, a neutral American think tank, reports that the proportion of Americans who own a smartphone increased from 81% in February 2019 to 85% in February 2021, from just 35% a decade ago (in 2011). Therefore, increasing demand for smartphones is driving the growth of the electronic adhesives market.
Market Trends –
Major companies operating in the electronic adhesives market are launching a new medical adhesive such as, Extended Wear Adhesive Tape, to address the need for extended wear times an gain a competitive edge in the market. Extended wear adhesive tape is a type of medical tape that is designed to adhere to the skin for an extended period, typically up to 21 days. For instance, in April 2022, 3M, a US-based consumer goods, health care, and worker safety company launched 3M Spunlace Extended Wear Adhesive Tape on Liner, 4576, designed for up to 21 days of continuous wear on the skin, facilitating longer wear times for devices, supporting user compliance and health economic benefits. The acrylate-based adhesive offers flexibility, conformability, and strong adhesion, making it ideal for continuous extended wear in and out of care facilities, marking a significant advancement in device design for real-time health monitoring.
The electronic adhesives market covered in this report is segmented –
1) By Resin Type: Epoxy, Silicone, Polyurethane, Acrylic, Other Resin Type
2) By Type: Non Conductive, Electrically Conductive, Thermally Conductive, Ultra Violet Curing
3) By Form: Liquid, Paste, Solid
4) By Application: Thermal Management, Conformal Coatings, Encapsulation, Surface Mounting, Wire Tacking, Soldering, Underfills, Sealing, Constructional
5) By 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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Regional Insights –
Asia-Pacific was the largest region in the electronic adhesives market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the electronic adhesives market report are 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, ThreeBond, Shin Etsu Silicones, Konishi Co. Ltd., Teraoka Seisakusho Co. Ltd., Tomoegawa Co. Ltd., Yamato Co. Ltd., Indium Corporation, LG Chemical Limited, Alent plc, Hitachi Chemicals Company Limited, Kyocera Chemical Corporation, Arkema Pvt. Ltd., Ashland Global Holdings Inc., Avery Dennison Corporation, Covestro AG, Huntsman International LLC, Illinois Tool Works Inc., MAPEI S.p.A., Permabond LLC, Pidilite Industries Ltd., Mitsui Chemicals Inc., DELO Industrial Adhesives, LORD Corp.
Table of Contents
1. Executive Summary
2. Electronic Adhesives Market Report Structure
3. Electronic Adhesives Market Trends And Strategies
4. Electronic Adhesives Market – Macro Economic Scenario
5. Global Electronic Adhesives Market Size and Growth
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31. Global Electronic Adhesives Market Competitive Benchmarking
32. Global Electronic Adhesives Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Electronic Adhesives Market
34. Electronic Adhesives Market Future Outlook and Potential Analysis
35. Appendix
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