Electronic Adhesives Industry Growth

The electronic adhesives market is projected to grow from $4.5 bn in 2022 to $6.1 bn by 2027.

Edited

The "Global Electronic Adhesives Market by Form (liquid, paste, solid), Resin (epoxy, silicone, acrylic), End-Use Industry (communications, computers, consumer electronics, industrial, medical), Product Type and Region - Forecast to 2027 report has been added to ResearchAndMarkets.com's offering.

The electronic adhesives market is projected to grow from USD 4.5 billion in 2022 to USD 6.1 billion by 2027, at a CAGR of 6.1% between 2022 and 2027.

The global electronic adhesives market is driven by the rising demand for advanced and sophisticated electronic devices. The use of electronic devices is increasing in developed as well as developing regions, such as North America and the Asia Pacific.

Read more: Sustainable Solution to Replace Etching Processes

Epoxy is estimated to be the largest resin type segment of the electronic adhesives market. Epoxy resin in electronic adhesives held the largest market share in 2021 in terms of value. The most frequently used resin type for electronic applications is epoxy, either two-part or single-part heat cure products. Occasionally snap-cure epoxies, which cure at a lower temperature than regular single-part epoxies, are used, says a press release.

These adhesives can be used, among others, for bonding components, potting, and encapsulation. Potting compounds are intended to provide a high level of the guard to PCBs and electronic devices by surrounding them in a thick, durable polymer. Epoxy is used when extreme operating conditions require optimum protection.

The Asia Pacific is forecasted to be the fastest-growing electronic adhesives market during the forecast period. It is the largest market for electronic adhesives, and this dominance is expected to continue during the forecast period. High economic growth rate, growing manufacturing industries, cheap labor, increasing electronic adhesives patents, and global shift of consumption and production capacity from the developed markets to the emerging markets in the region are the factors leading to the growth of the electronic adhesives market in the Asia Pacific.

The region's market is driven by high economic growth and heavy automotive, industrial, and medical investments. Its growing middle-class population plays an important role in driving various industries, which has led to industrialization in the region.

Jürgen Thalmayer
October 11, 2022

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