USD 4.89 Billion
Electronic Adhesives Market Size, Share, and Growth Analysis
Electronic Adhesives Market By Form(Liquid, Paste, Solid), By Resin Type(Epoxy, Silicone, Polyurethane (PU), Acrylic), By Product Type(Electrically Conductive Adhesives (ECAS), Thermally Conductive Adhesives, Others), By End-Use Industry(Computers, Communications, Consumer Electronics, Industrial), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45K2057 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
64
|Figures:
75
Format -
Electronic Adhesives Market Insights
Electronic Adhesives Market size was valued at USD 4.89 Billion in 2023 and is poised to grow from USD 5.2 Billion in 2024 to USD 8.47 Billion by 2032, growing at a CAGR of 6.30% during the forecast period (2025-2032).
Electronic adhesives are in high demand as a result of the increasing income of the middle class and increasing consumption regarding appliances and electronics. With the expansion of the Internet of Things (IoT) and the booming industries of smartphones and automobiles, demands on devices and equipment are increasing with regard to high performance and operational reliability. Growing demand for appliances in households, automobile and aeronautical applications, among many more, has increased the volume of adhesive goods these electronic devices represent. The manufacturers are focusing on sustainability automatically moving the world market towards eco-products. There is now a greater need for non-toxic and environmentally friendly adhesives due to stricter regulations on the usage of dangerous materials.
In some weather circumstances, smog pollution impairs vision. Significant investments are being made by major market participants in the production of goods utilizing bio-based feedstock. It is expected that this would increase demand for novel materials and resins used in the production of adhesives. Broadband wireless communications have become popular in vehicles around the world. They are becoming more commonly used in so many services such as entertainment, GPS navigation, traffic and weather updates, and many more. Thus, automakers have to incorporate this technology into their cars, not because of their intentions but due to increased consumer demands and market competition. The market expansion for electrical and electronics adhesive is expected to benefit from such innovation.
US Electronic Adhesives Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Epoxy
Fastest Growth
Acrylic
Growth Rate
6.30% CAGR
Global Electronic Adhesives Market ($ Bn)
Country Share by Asia Pacific (%)
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Electronic Adhesives Market Segments Analysis
Global Electronic Adhesives Market is segmented by Form, Resin Type, Product Type, End-Use Industry, and region. Based on Form, the market is segmented into Liquid, Paste, Solid. Based on Resin Type, the market is segmented into Epoxy, Silicone, Polyurethane (PU), Acrylic, Others. Based on Product Type, the market is segmented into Electrically Conductive Adhesives (ECAS), Thermally Conductive Adhesives, Others. Based on End-Use Industry, the market is segmented into Computers, Communications, Consumer Electronics, Industrial, Medical, Transportation, Commercial Aviation and Defense. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Resin Type
As per categorization by resin type, the market is classified as epoxy, silicone, polyurethane (PU), acrylic, and others. Among these, epoxy earned the largest share and continues to hold the dominant global electronic adhesives market share. Epoxy resin-based adhesives are currently driving innovation in the global electronic adhesives market due to their excellent thermal stability, electrical insulation properties, and strong bonding capabilities. They are widely used in applications like semiconductor packaging, circuit boards, and LED devices. The epoxy resin has earned its reigning superiority due to its unmatched efficiency in high-temperature environments, resistance from moisture, and durable sustainability, which serve best in electronics that ask for precision and reliability to maintain in tough conditions.
Acrylic resin-based adhesives are expected to be the fastest-growing segment in the global electronic adhesives market due to their outstanding benefits, including quick curing times, strong bonding strength, and excellent resistance to environmental factors like humidity and UV radiation. They are rapidly gaining popularity for their multiple applications like assembly of mobile devices, automotive electronics, etc. Also, increased consumption has triggered an interest in lightweight electronic devices, durable though, and has been considered one of the strong reasons for popularity in acrylic resins. Today, acrylic adhesives are evolving with formulation advancements to meet the needs of the electronics industry efficiently and reliably in numerous applications.
Analysis by Form
Liquid-form electronic adhesives are seeing significant innovation and usage in the global market due to their ease of application, precise dispensing, and excellent bonding capabilities. They are widely applied in semiconductor packaging, circuit board assembly, or LED production, where accuracy and flexibility are critical. Liquid adhesives offer many advantages over solid adhesives as they provide higher adhesion to various substrates and can be specifically formulated for a given application while affording flexibility for various curing methods. Liquid adhesives dominate the market due to the quality of the uniform, reliable bonds they yield, the ease with which they can be integrated into automated assembly lines, and their enhanced performance in high-demand electronic applications, making them very attractive for manufacturers.
Paste-based adhesives are expected to be the fastest-growing segment in the global electronic adhesives market due to their excellent application properties, including high viscosity and ease of use in precision bonding. Commonly found in applications such as surface mount technology (SMT) assembly, their use is excessive due to their consistency that guarantees uniform bonding and little mess. Also, the growing demand for compact high-performance electronic devices, the technology that keeps enhancing paste formulations to yield good thermal and electrical characteristics, is spurring the evolution further. Paste adhesives also offer improved process efficiency and reliability, thereby making it an increasingly preferred option for the mass production of electronic components.
Global Electronic Adhesives Market By Resin Type (%)
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Electronic Adhesives Market Regional Insights
Asia Pacific dominates the global electronic adhesives market due to its robust manufacturing ecosystem, particularly in countries like China, Japan, South Korea, and India. The region is one of the main producers of electronics, semiconductors, as well as consumer electronics and automotive, which are having very high demands for advanced adhesive solutions. Besides, the rising technological advancements, increased investments in research and development, and extreme proliferation of electric vehicles and IoT devices contribute further to the market expansion. The robust supply chain infrastructure of Asia Pacific along with a huge consumer base and the growing middle class then positions the region as a key marketplace in the global electronic adhesives market outlook.
Europe is the fastest-growing region in the global electronic adhesives market, driven by its strong focus on innovation, sustainability, and high-tech industries. Specialized adhesives are now in demand due to the increasing demands of the region for use in advanced electronic products such as electric vehicles, renewable energy systems, and high-performance electronic equipment. In addition, stringent European regulations governing the environment and product safety push for the development of eco-friendly adhesives. The presence and proliferation of leading automotive, aerospace, and semiconductor industries combined with increasing investments in R&D for next generations in evolving technologies see Europe at the forefront of growth in this market, thus quickening the adoption of electronic adhesives.
Global Electronic Adhesives Market By Geography
- Largest
- Fastest
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Electronic Adhesives Market Dynamics
Drivers
Growing Demand for Miniaturized Electronics
-
The ever-increasing demand for highly miniaturized and efficient electronic devices is affecting and now driving the global electronic adhesives market growth. With consumer electronics, wearables, and automobile technologies shrinking, the need for adhesives that are efficient, durable, and precise increases to guarantee reliable connections in the tiniest, most intricate components, enabling continued technology advances.
Expansion of Electric Vehicle (EV) Production
-
A key driver for the increase in demand for electronic adhesives has been the acceleration of the electric vehicle (EV) market. Advanced electronic components in an EV such as batteries, sensors, and circuit boards depend entirely on advanced proprietary adhesives for thermal management, insulation, and lasting durability for this increased uptake in the automotive sector.
Restraints
Technical Limitations of Adhesive Materials
-
The application of electronic adhesives can be restricted due to their technical limitations, such as not performing exceptionally in extreme temperatures or durability under stress. Moreover, some adhesives may not meet the stringent requirements for high-end applications such as aerospace and advanced automotive systems, which limits use in certain specialized markets.
Availability of Substitutes
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The growth of the electronic adhesives market can be hindered by the availability of alternative bonding materials such as solders and mechanical fasteners. Such alternatives are in some cases preferred over adhesives since they could offer better performance, lower costs, or easier implementation in certain applications.
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Electronic Adhesives Market Competitive Landscape
The competition sphere's highly people-dominated, electronic adhesives market, while innovation, product development, and strategic partnerships enhance the position of key players more even than mainstream international companies such as Henkel AG, 3M, H.B. Fuller, Dow, and Panasonic, who have all introduced advanced adhesive solutions corresponding to electronic, electrical, and semiconductor industries. They invest considerably in research and development as well as sustainability efforts towards satisfying a changing consumer need for continuous growth in market viability.
Top Players in Electronic Adhesives Market
- Henkel AG (Germany)
- H.B. Fuller Company (US)
- The 3M Company (US)
- Arkema SA (France)
- Parker Hannifin Corporation (Lord Corporation) (US)
- Panacol-Elosol Gmbh (Germany)
- Meridian Adhesives Group (US)
- Xiamen Weldbond New Material Co., Ltd (China)
- Threebond Co., Ltd. (Japan)
- Master Bond Inc. (US)
- The Dow Chemical Company (US)
- Element Solutions Inc. (US)
- Sika AG (Switzerland)
- Huntsman International Llc (US)
- Scapa Group Plc (UK)
- Permabond Llc (US)
- Dymax Corporation (US)
- Delo Industrie Klebstoffe Gmbh & Co. Kgaa (Germany)
- LG Chemical Limited (South Korea)
- Panasonic Corporation (Japan)
- Altana AG (Elantas) (Germany)
- Atom Adhesives (US)
- Bondline Electronic Adhesives, Inc. (US)
- Boyd Corporation (US)
- Wacker Chemie (Germany)
- Momentive Performance Materials Inc. (US)
- Rogers Corporation (US)
Recent Developments
- In October 2024, Henkel AG declared to introduce the new high-performance conductive adhesives for semiconductor packaging applications. These adhesives enhance electrical conductivity and thermal management while maintaining reliability in the performance of small and complex electronic components. This is part of Henkel's constant efforts to support advancement in the electronics market.
- In September 2024, 3M introduced a line of UV-cure electronic adhesives specially designed for improving assembly speed and durability in consumer electronics. As well as addressing superior adhesion to a variety of substrates, the adhesives also feature extremely fast cure times. These are in direct alignment with the rapidly developing demand for fast, efficient and clean materials in high-tech applications such as cell phones and wearables.
- In July 2024, Dow Inc. launched a new series of advanced silicone-based adhesives, designed for use in the automotive and electronics sectors. This actually makes them well proven as adhesives which possess excellent thermal resistance and long-lasting durability, especially for making them available under increasing demand on adhesives withstanding extreme temperature and hostile environment conditions specific to electronic devices and EVs.
Electronic Adhesives Key Market Trends
- Rising Demand for Eco-friendly Adhesives: The growing emphasis on sustainability is driving the demand for eco-friendly electronic adhesives. The development of adhesives that are non-toxic, biodegradable, and devoid of hazardous chemicals has become a growing emphasis for companies, to be in line with the standards of regulations as well as with consumers wanting greener products in electronics manufacturing.
- Increased Adoption in Electric Vehicle Manufacturing: There is an increasing demand for specialized electronic adhesives due to their growing application in electric vehicles. These adhesives are essential components in enabling robust and efficient functions in high-performance automotive electronics, such as batteries, sensors, and control units, and this will inevitably cause growth in the automotive sector of the market.
Electronic Adhesives Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global electronic adhesives industry is experiencing substantial growth, driven by innovations in resin types, adhesive forms, and their extensive applications across sectors like automotive, electronics, and electric vehicles. Curing adhesives, with their resilience and environmental compatibility, play a critical role in enhancing performance and reducing carbon footprints.
Lightweight approaches and new, greener, more sustainable solutions are continuously in demand, especially in car manufacturing. It seems that the push towards progress by major players like Henkel, 3M, and Dow is about to propel the market ahead further due to the traction gained by the technological innovations, sustainability trends, and market demands for high-performance, durable adhesive solutions.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.89 Billion |
| Market size value in 2032 | USD 8.47 Billion |
| Growth Rate | 6.30% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Electronic Adhesives Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Electronic Adhesives Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Electronic Adhesives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electronic Adhesives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electronic Adhesives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Electronic Adhesives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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