Electronic adhesives market to reach USD 7.19 billion by 2030
The increased use of adhesives in electrical devices such as mobile phones and laptops is expected to expand the development of electronic adhesives market requirements over the projection period.
Newark, Aug. 01, 2022 (GLOBE NEWSWIRE) — According to report published by The Brainy Insights, the global electronic adhesives market is expected to grow from USD 4.05 billion in 2021 to USD 7.19 billion by 2030, with a CAGR by 6.60% over the forecast period 2022-2030.
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Rising world population and rising per capita incomes have aided automobile sales with ease and security through electronic systems. It has enhanced the opportunities for the development of the electronic adhesive market. The electronic adhesive market has witnessed an exceptional expansion in East Asia and European countries. The advancement of the global automotive industry drives the need for electronic adhesives that can be attributed to applications in anti-theft systems, collision avoidance procedures, machine status displays, power electronic modules and LED packaging. The intense penetration of electronic devices and appliances used in developed and growing countries is now pushing the need of the market which is expected to increase over the projection period.
To strengthen their position in the global electronic adhesives market, the major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations and partnerships.
February 2021 – Henkel Adhesive Technologies and Quad Industries revealed the extension of their strategic alliance to provide assistance and endorsement for technical value innovation and original published electronic resolutions across various businesses. The companies have signed the partnership contract and have worked profitably on numerous missions since the design of the creative COVID-19 smart health patch by Byteflies.
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Market growth and trends
Adhesives are the material that acts as a bond between two surfaces and opposes separation. The raw materials for electronic adhesives are epoxies, cyanoacrylates, silicones, polyurethanes and polysulfides. They are the parts of electronic elements used to make circuits and electronic products. These adhesives could also be adopted as coatings to cover the circuit board from destructive environmental features including humidity, temperature, fluctuations and corrosion. They are mainly used in communications, computers and servers, consumer electronics, etc. The booming electronics industry will drive the growth of the electronic adhesives market over the forecast period. The increased need for consumer goods, the introduction of 5G wireless infrastructure networks and the growing demand for smartphones and other electronic devices are exploding the electronics industry and helping to increase the consumption of products. All of these will contribute to the growth of the market.
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• In 2021, the PCB segment dominated the market with the largest market share of 57% and revenue of 2.30 billion.
The application segment is divided into semiconductors, integrated circuits and printed circuits. In 2021, the PCB segment dominated the market with the largest market share of 57% and revenue of 2.30 billion. Growing benefits of printed circuit board in automotive, industrial and electrical equipment, control and navigation systems, and aerospace surveillance are also propelling the growth of the segment.
• In 2021, the epoxy segment dominated the market with the largest market share of 27% and revenue of 1.09 billion.
The resin type segment is divided into acrylics, epoxy, polyurethane, silicones and others. In 2021, the epoxy segment dominated the market with the largest market share of 27% and revenue of 1.09 billion. Epoxies display optical effects and diffraction indices, making them valuable for precision optics, lens adhesion, and communication technology applications, further driving market development.
• In 2021, the consumer electronics segment dominated the market with the largest market share of 28% and revenue of 1.13 billion.
The end-user segment is divided into computers and servers, communications, industrial and consumer electronics. In 2021, the consumer electronics segment dominated the market with the largest market share of 28% and revenue of 1.13 billion. The growing need for lightweight and portable equipment like smartphones, laptops, and digital cameras is key to increasing market demand.
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Regional Segment Analysis of Electronic Adhesives Market
• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, rest of APAC)
• South America (Brazil and rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
Among all regions, Asia-Pacific has emerged as the largest market for the global electronic adhesives market, with a market share of approximately 34.5% and 1.39 billion market revenue in 2021. Due significant expansion in China, India and Japan. The electronic adhesives market in the rest of the world has noticed the recent growth due to the developing economies of Russia and Brazil, driving the advanced purchase of finished products used in electronic adhesives.
Leading players operating in the global electronic adhesives market are:
• Bostik S.A.
• DOW Chemical Company
• Dymax Corporation
• Evonik Industries AG
• HB Fuller Company (Royal Adhesives & Sealants LLC)
• Henkel AG & Co. KGaA
• Konishi Co, LTD.
• Shin Etsu silicones
• Sika S.A.
• TERAOKA SEISAKUSHO CO., LTD.
• YAMATO Co., Ltd.
This study forecasts revenue at global, regional and country levels from 2019 to 2030. The Brainy Insights has segmented the global electronic adhesives market based on the segments mentioned below:
Global Electronic Adhesives Market by Applications:
• Semiconductor and integrated circuit
• Printed circuit board
Global electronic adhesives market by resin type:
Global Electronic Adhesives Market by End Use:
• Computers and servers
• Consumer electronics
About the report:
The global electronic adhesives market is analyzed on the basis of value (USD billion). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each part. The report offers an in-depth analysis of the drivers, opportunities, restraints and challenges to gain a critical overview of the market. The study includes Porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position analysis, distribution and marketing channel analysis.
About The Brainy Insights:
The Brainy Insights is a market research company, aiming to provide businesses with actionable insights through data analytics to improve their business acumen. We have a robust forecasting and estimating model to meet customers’ high-quality production goals in a short period of time. We provide custom (customer specific) and syndicated reports. Our repository of union reports is diverse across all categories and sub-categories of domains. Our customized solutions are designed to meet customer needs, whether they are looking to expand or planning to launch a new product in the global market.