The global electronic adhesives market is projected to grow from USD 4.5 billion in 2022 and is projected to reach USD 6.1 billion by 2027, at a CAGR of 6.1%, between 2022 and 2027 period. The increasing demand for miniaturization/automation of surface mount technology in electronic devices and the growing use of electronic adhesives in automotive applications, smartphones, wearable devices, and 5G infrastructure are projected to create new opportunities for the market players.
Asia Pacific is the largest and fastest-growing electronic adhesives market. It is projected to grow at the highest CAGR during the forecast period. The demand for electronic adhesives is rising in various end-use industries, in the Asia Pacific region. Asia Pacific is one of the prominent manufacturers of electronics in the world and accounts for more than 70% of the global electronics production, with counties like South Korea, Japan, and China involved in the production of a variety of electrical components and supply to various industries worldwide.
North America is a diversified market and has many electronic adhesives manufacturing companies. These companies primarily focus on new product developments to cater to the increasing demand from end-users. The North American electronic adhesives market is driven by technological advancements in manufacturing and end-use industries, such as computers, communications, automotive, and medical. The North American market is highly regulated by the EPA (Environmental Protection Agency), which plays a key role in the monitoring and commercialization of adhesive products. The market has been a leading region with respect to adhesive product innovation in terms of improved performance, quality of adhesives, and new application development. US is the most dominant market, accounting for a significant market share.
Continuous developments in the electronic adhesives market are expected to help the market grow. The companies are providing products which will serve various applications. New product launches have also helped companies enhance their product portfolio.
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