Electronic Adhesives Market by Form (Liquid, Paste and Solid), by Resin (Epoxy, Silicone), by Product Type, by End-Use Industry (Communications, Computers & Servers, Consumer Electronics, Industrial), by Region - Global Trends and Forecasts to 2025
Electronic Adhesives Market Forecasts report provided to identify significant trends, drivers, influence factors in global and regions, agreements, new product launches and acquisitions, Analysis, market drivers, opportunities and challenges, risks in the market, cost and forecasts to 2025.
The electronic adhesives market is projected to grow from USD 3.6 billion in 2020 to USD 4.9 billion by 2025, at a CAGR of 6.7% between 2020 and 2025.
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“Electrically conductive adhesives product type segment is estimated to be the fastest growing segment of the electronic adhesives market.”
Electrically conductive adhesive is expected to grow at the highest CAGR among the electronic adhesives market, in terms of value, between 2020 and 2025. Electrically conductive adhesives are a great substitute for conventional tin-lead solders, as they provide better efficiency and are more cost-effective.
These adhesives are expected to witness a steady rise in demand over the forecast period. The increase in demand can be attributed to rapid advancements in technology and end-use applications.
“Communications industry is estimated to be the largest segment of the electronic adhesives market.”
Next-generation wireless 5G infrastructure networks are planned to increase mobile broadband speeds and added capability for 4K/8K video streaming, virtual reality (VR) or augmented reality (AR), Internet of Things (IoT), and mission-critical applications. Electronic adhesives are used to manufacture and protect high-performance electronic devices that are used in these network solutions.
The market for electronic adhesives is also driven by the demand for mobile electronic and telecommunication devices.
“APAC is the largest electronic adhesives market during the forecast period.”
APAC is projected to be the largest, as well as the fastest-growing market during the forecast period. The region encompasses countries with different levels of economic development.
The market growth in the region is mainly attributed to use of electronic adhesives in various industries, such as computers & servers, communications, consumer electronics, industrial, medical, automotive, commercial aviation, defense, and other transportation industries. The key electronic adhesives market players are expanding their production capacities in APAC, especially in China, Taiwan and India.
The advantages of shifting production to APAC are the low cost of production and the ability to serve the local emerging market better.
Extensive primary interviews have been conducted,and information has been gathered from secondary research to determine and verify the market size of several segments and sub-segments.
Breakdown of Primary Interviews:
- By Company Type: Tier 1 – 18%, Tier 2 – 36%, and Tier 3 – 46%
- By Designation: C Level – 18%, D Level – 27%, and Others – 55%
- By Region: APAC – 55%, North America – 9%, Europe – 9%, South America- 9%,and the Middle East & Africa– 9%
The key companies profiled in this report are Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), 3M Company (US), tesa SE (Germany), Parker Hannifin Corporation (US), Panacol-Elosol GmbH (Germany), and Meridian Adhesives Group (US).
Research Coverage:
The electronic adhesives market has been segmented based on form (liquid, solid, and paste), resin type (epoxy, silicone, acrylic, PU, and others), product type (electrically conductive adhesive, thermally conductive adhesive, and others), end-use industry (computers & servers, communications, consumer electronics, industrial, medical, automotive, commercial aviation, defense, and other transportation industries), and region(APAC, Europe, North America, Middle East &Africa, and South America).
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