The Electronic Adhesives Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Electronic Adhesives Global Market Report 2024, The electronic adhesives market size has grown rapidly in recent years. It will grow from $4.28 billion in 2023 to $4.72 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. 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 $6.87 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. 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.
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.
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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
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 report table of contents includes:
- Executive Summary
- Electronic Adhesives Market Characteristics
- Electronic Adhesives Market Trends And Strategies
- Electronic Adhesives Market – Macro Economic Scenario
- Global Electronic Adhesives Market Size and Growth
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- Global Electronic Adhesives Market Competitive Benchmarking
- Global Electronic Adhesives Market Competitive Dashboard
- Key Mergers And Acquisitions In The Electronic Adhesives Market
- Electronic Adhesives Market Future Outlook and Potential Analysis
- Appendix
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