The global electronic adhesives market was valued at USD 4.69 billion in 2016. Electronic adhesives market is mainly driven by the increasing trend of miniaturization of mobile phones and tablets, which led to the increasing demand of smaller components; hence, resulted in growth of electronic adhesives market. These adhesives are majorly used in the manufacturing and assembly of electronic circuits and products. Resins used in manufacturing of electronic adhesives helps to enhance the functionality of the electronic adhesives.
In terms of form, Liquid form accounted 70% market share in year 2016 of the global market in terms of revenue and projected to maintain its dominance throughout the forecast period 2017 to 2025. However, solid form adhesives is anticipated to be the fastest growing segment during the forecast period 2017 to 2025.
By type, in year 2016 electrically conductive accounted for the largest share of around 50% in the global market in terms of revenue. Electrically conductive adhesives possess some superior properties such as shock absorption, moisture resistance, and chemical resistance. UV curing is projected to exhibit the fastest growth during the forecast period owing to properties such as better scratch and abrasion resistance, high bond strength and environment friendly nature.
In 2016, PCB application accounted for the largest share in terms of value. It is also projected to grow at a CAGR of 10.5% during the forecast period of 2017 to 2025. Rising demand from conformal coatings and bonding industries in Asia-Pacific and the Middle East & Africa region, resulted in increased demand of PCB in these region.
In 2016, the electronic adhesives market by region was dominated by the Asia-Pacific accounting more than 60% of the market share. Asia-Pacific was followed by the North America and Europe. High economic growth rate, growing manufacturing industries, cheap labor, increasing electronic adhesives patents, expansion, and global shift of consumption and production capacity from the developed markets to the emerging markets are few factors leading to the growth of Asia-Pacific electronic adhesives market.
The companies such as Alent Plc (U.K.), BASF SE (Germany), The DOW Chemical Co. (U.S.), H.B. Fuller (U.S.), and Henkel AG & Co., KgaA (Germany) are the dominant market players in the global electronic adhesives market. Players present in the market has the diverse product portfolio, strategically positioned R&D centers, and continuous technological advancement which helps them to strengthen their market position in the electronic adhesives market.
The report titled “Global Electronic Adhesives Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global electronic adhesives market along with the market size and estimates for the duration 2017 to 2025. The said research study covers in-depth analysis of multiple market segments based on type, form, application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading electronic adhesives manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global electronic adhesives market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Electronic Adhesives market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
Segmentation | |
Form
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Application
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Type
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report