Electronic Adhesives Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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Electronic adhesive refers to a particular category of adhesive chemical, which is a part of the electronic modules used in the assembly and manufacturing of electronic devices and circuits. It is commonly used in wire tacking, binding the components of surface mount, and encapsulating components. Various raw materials utilized during the production of electronic adhesives majorly involve polysulfide, cynocrylate, polyurethanes, silicones, cyanoacrylate, and epoxies. Owing to the improved conductive and thermal properties, electrically conductive adhesives act as substitute in traditional tin-lead solders.
Expansion of the global automotive sector is expected to boost the demand for electronic adhesives. This is attributed to the fact that electronic adhesives find their application in LED packaging, collision avoidance systems, power electronic modules, engine status displays, and anti-theft systems.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Form, Type, Application, and Region |
Regions covered | North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the Rest of LAMEA) |
Companies covered | BASF SE, The Dow Chemicals Company, Henkel Ag & Co. KGaA, Alent Plc, KYOCERA Chemical Corporation, Hitachi Chemical Co., Ltd., H.B. Fuller, LG Chem Ltd., Dymax Corporation, and 3M Company |
Key drivers of global electronic adhesives market
The growth of the global electronics adhesives market is expected to be driven by rise in demand for electronic adhesives from the electronics industry for more compact and lighter components. In addition, technological advances coupled with implementation of safety regulations for electronic applications are anticipated to drive the growth of the market for electronic adhesives in near future. Moreover, adoption of advanced solid-state semiconductor technologies in industrial and consumer applications is projected to augment the growth of the industry during the forecast period. Increase in usage of electrical tools and devices preferably in vehicles and consumer goods further propels the growth of the electronic adhesives market.
Market scenario: opportunities and challenges
The ample supply of raw materials, low labor costs, and technical innovations are some of the key advantages that make electronic adhesives suitable in diverse range of applications such as engine status displays, anti-theft systems, power electronic modules, collision avoidance systems, and LED packaging.. In addition, surge in acceptance of connected devices has altered the way electronic devices are developed, offering players lucrative opportunity to make the most of this trend. In addition, expansion of the global automobile industry is accelerates the overall demand for electronic adhesives around the world. However, high cost of associated with service installation and innovative equipment lamination & packaging impede the market growth.
COVID-19 scenario analysis
Owing to the outbreak of the COVID-19 pandemic, the global electronic adhesives market is expected to witness a slowdown during the next couple of years. Furthermore, the global electronic adhesives industry has been negatively impacted by the revocation of production activities in the midst of the ongoing pandemic. In addition, dearth of labors coupled with potential supply chain bottlenecks of equipment and materials are expected to trigger project delays in ongoing funded projects and may result in reduced expenditure on the upcoming project. Moreover, companies are dealing with missing sales and disrupted supply chains as production activities are shutdown.
Key segments covered
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Key benefits of the repor
- This study presents the analytical depiction of the global electronic adhesives industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global electronic adhesives market share.
- The current market is quantitatively analyzed from 2019 to 2027 to highlight the global electronic adhesives market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global electronic adhesives market research report:
- Which are the leading market players active in the global electronic adhesives market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
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