Robust Growth Forecasted for Electronics Adhesives Market: CAGR of 9.0% Anticipated, Targeting US$ 12.1 Billion by 2033

 The global Electronics Adhesives Market is anticipated to reach a valuation of US$ 5.1 billion in 2023, driven by rising smart home technological advancements. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 9.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 12.1 billion by 2033.

One of the primary factors driving the growth of the electronics adhesives market is the rapid advancement and innovation in electronic devices. The demand for smaller, lighter, and more compact electronic products has increased significantly, leading to the need for adhesive materials that can provide strong and reliable bonding in miniature applications. Electronics adhesives, with the trend of miniaturization, play a crucial role in ensuring the secure attachment of components, enabling the seamless integration of complex electronic systems.

Another significant factor contributing to market growth is the increasing complexity of electronic device designs. The need for adhesives that can bond diverse materials and substrates has intensified, as electronic devices become more sophisticated and multifunctional. Adhesive solutions with compatibility across various surfaces, such as metals, plastics, ceramics, and glass, are in high demand. Manufacturers require adhesives that offer excellent adhesion strength, thermal stability, and resistance to environmental factors like moisture, temperature variations, and chemicals.

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The rise of emerging technologies is also anticipated to escalate the growth of the electronics adhesives market. Technologies such as 5G, Internet of Things (IoT), artificial intelligence (AI), and virtual reality (VR) are creating new opportunities in the electronics industry. The technologies demand reliable and durable adhesive solutions for applications ranging from high-speed communication systems to advanced sensor devices. Electronics adhesives play a vital role in ensuring the performance, durability, and reliability of these advanced electronic systems.

The increasing focus on sustainability and environmental regulations is influencing the electronics adhesives market. Manufacturers are seeking adhesive solutions that are environmentally friendly, low in volatile organic compounds (VOCs), and comply with stringent regulations. The development of eco-friendly adhesives that offer comparable performance to traditional counterparts is becoming a key focus area, driving the demand for sustainable adhesive solutions.

The semiconductor industry is experiencing rapid growth and technological advancements. The transition towards advanced packaging technologies such as system-in-package (SiP), fan-out wafer-level packaging (FOWLP), and 3D packaging requires innovative adhesive solutions to ensure reliable connections and thermal management. Electronics adhesives play a critical role in bonding and protecting semiconductor devices, driving the demand for specialized adhesive formulations.

Key Takeaways from the Market Study

  • Global electronics adhesives market was valued at US$ 4.7 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 6.5%.
  • China is expected to hold a dominant CAGR of 8.5% during the forecast period.
  • By Material Type, the Polyurethane segment is expected to constitute a CAGR of 8.5% in 2033.
  • On the basis of End-Use, the automotive sector segment is expected to dominate the market with a CAGR of 8.6% in 2033.
  • From 2023 to 2033, electronics adhesives market is expected to flourish at a CAGR of 9.0%.
  • By 2033, the market value of electronics adhesives is expected to reach US$ 12.1 billion.

Technological advancements in adhesive formulations, across the globe is a major factor that is expected to propel the growth of the electronics adhesives market in the near future, remarks an FMI analyst.

Competitive Landscape

Prominent players in the Electronics Adhesives market are 3M, Dymax Corporation, DOW Chemical Company, Henkel AG & Co. KGaA, H.B. Fuller Company (Royal Adhesives & Sealants LLC), Evonik Industries AG, Sika AG, Bostik AG, ThreeBond, Shin Etsu Silicones, Konishi Co, LTD., TERAOKA SEISAKUSHO CO., LTD., TOMOEGAWA, and YAMATO Co., Ltd., among others.

Recent Developments

  • In 2021, B. Fuller announced the development of a new generation of UV-curable adhesives for electronics assembly. These adhesives offer rapid curing, high bond strength, and enhanced environmental resistance, enabling efficient production processes and improved product performance.
  • In 2021, Henkel launched a new series of electrically conductive adhesives (ECAs) for automotive electronics applications. These adhesives provide reliable electrical conductivity, excellent adhesion to various substrates, and resistance to harsh automotive environments.
  • In 2020, 3M launched a new series of thermally conductive adhesives designed for bonding and dissipating heat in electronic devices. These adhesives provide efficient thermal management, enabling improved performance and reliability of electronic components.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global electronics adhesives market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the electronics adhesives market, the market is segmented on the basis of material type (polyurethane, acrylics, silicones, and epoxy), by end-use (thermal management, conformal coatings, encapsulation, surface mounting, wire tacking, soldering, underfills, sealing, and constructional), by application (mobiles and telecommunication devices, desktops and networks, televisions, home appliances, automotive electronics, aerospace electronics, analytical & measurement instruments, and other industrial), across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA)).

Source: https://www.globenewswire.com/news-release/2023/06/14/2687974/0/en/Electronics-Adhesives-Market-Sales-is-set-to-hit-US-12-1-Billion-by-Rising-at-a-CAGR-of-9-during-the-forecast-period-of-2023-to-2033-Future-Market-Insights-Inc.html

 

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