Global Electronic Adhesives Market

Electronic Adhesives Market Size, Share, Growth Analysis, By Type(Electrically Conductive Adhesives, Thermally Conductive Adhesives), By Application(Printed Circuit Boards, Semiconductor and IC Packaging) - Industry Forecast 2024-2031

Report ID: SQMIG45K2057 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 75

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Electronic Adhesives Market size was valued at USD 7.7 billion in 2021 and is poised to grow from USD 8.29 billion in 2022 to USD 15.09 billion by 2030, growing at a CAGR of 7.7% during the forecast period (2023-2030).

The competitive landscape of the electronic adhesives market is shaped by factors such as product innovation, research and development initiatives, strategic partnerships, and market expansion efforts. Companies invest significantly in research and development to develop adhesives that meet the evolving requirements of the electronics industry. This includes adhesives with improved conductivity, thermal management properties, and durability. 'Henkel AG & Co. KGaA (Germany)', '3M Company (US)', 'H.B. Fuller Company (US)', 'Dow Inc. (US)', 'Dymax Corporation (US)', 'Shin-Etsu Chemical Co., Ltd. (Japan)', 'Hitachi Chemical Co., Ltd. (Japan)', 'LORD Corporation (US)', 'Huntsman Corporation (US)', 'Mitsubishi Chemical Corporation (Japan)', 'Bostik (France)', 'Avery Dennison Corporation (US)', 'Panasonic Corporation (Japan)', 'LG Chem Ltd. (South Korea)', 'Wacker Chemie AG (Germany)', 'Cyberbond LLC (US)', 'Master Bond Inc. (US)', 'Permabond LLC (UK)', 'ITW (Illinois Tool Works) (US)', 'Electrolube (UK)'

The continuous advancements in technology have resulted in the miniaturization of electronic components and devices. This trend necessitates the utilization of electronic adhesives that possess exceptional bonding properties, high thermal conductivity, and low viscosity. These properties are crucial for ensuring efficient assembly processes and maintaining the reliability of miniature electronic products. As technology continues to evolve, electronic adhesives play a vital role in supporting the development and functionality of compact electronic devices.

A significant market trend in the electronic adhesives market is the growing demand for miniaturization and advanced packaging technologies in the electronics industry. As consumer electronics, automotive electronics, and other electronic devices continue to become smaller, lighter, and more compact, the need for efficient and reliable bonding solutions has intensified. Electronic adhesives play a crucial role in providing strong and durable bonds between various electronic components, ensuring their proper functioning and long-term reliability.

Asia-Pacific dominated the electronic adhesives market. Asia-Pacific has emerged as a major manufacturing hub for electronics and electrical devices, driving the demand for electronic adhesives in the region. Countries such as China, Japan, South Korea, and Taiwan have a strong presence in the electronics industry and are significant consumers of electronic adhesives. The region benefits from a well-established supply chain, a large consumer base, and continuous technological advancements, contributing to its dominance in the electronic adhesives market.

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