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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.
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.
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.
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.Â
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Electronic Adhesives Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | 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 |
Other Key Market Players | Panacol-Elosol GmbH (Germany), Meridian Adhesives Group (US) |
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