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Electronic Adhesives Market (Resin Type - Epoxy, Silicone, Acrylic, PU, and Others; Product Type - Thermal Conductive, Electrically Conductive, Ultraviolet Curing, and Others; Application - Surface Mounting, Potting & Encapsulation, Conformal Coating, and Others; End-use Industry - Computers & Servers, Communications, Consumer Electronics, Industrial, Medical, Automotive, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : February, 2021

  • Rep Id : CM0014

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on the electronic adhesives market provides in-depth analysis of segments and sub-segments in the global as well as regional electronic adhesives market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional electronic adhesives market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global electronic adhesives market. According to the report, the global electronic adhesives market is projected to grow at a CAGR of 6.7% over the forecast period of 2020-2026.


Market Insight

Electronic adhesives play an important role in fabricating electronic goods, preferably used in the production and assembly of a range of electronics products. Electronic adhesives are widely used to manufacture high-performance electronic devices that are used in network solutions. Moreover, the favorable thermal and conductive properties of electronic adhesive have replaced the traditional soldering systems. There are three major types of electronic adhesives including electrically conductive, thermally conductive, and UV curing. These adhesives are extensively adopted for applications such as surface-mount devices (SMDs), conformal coatings, potting and encapsulation, and others.

 

On the other hand, during the current COVID-19 pandemic, electronic adhesive companies are facing major challenges on several fronts. The electronic industry’s supply chain is heavily dependent on countries including China, Taiwan, and Japan. However, the shutdown of manufacturing facilities and restrictions on transportation in these countries has caused serious implications on the entire ecosystem of the electronic and manufacturing industry. Further, the outbreak of COVID-19 and the extension of lockdown have majorly influenced consumer buying behavior along with declining demand for non-essential goods.

 

The global electronic adhesives market is majorly driven by changing lifestyles, increasing the adoption of compact electronic and communication devices, and increase in usage of imaging sensors in consumer electronics. Moreover, rapid growth in application industries in emerging countries such as South Korea, China, and India coupled with steady growth in matured markets propel the demand for electronic adhesives. Improving economic conditions and growing disposable income of consumers in developing economies is driving the growth of end-use industries, which further boosts the electronic adhesive market. However, volatility in raw material prices and the high cost of installation are some of the restraining factors that are likely to affect the growth of the electronic adhesive market. Furthermore, a rising focus on R&D activities regarding microelectronic devices, as well as extensive use of automated appliances, will offer more opportunities to the electronic adhesives market over the forecast period.

 

The global electronic adhesives market has been regionally segmented into the geographies of North America, Europe, Asia Pacific, and RoW. From a regional perspective, the Asia Pacific region is anticipated to dominate the market, attributed to large scale manufacturing of surface mounting and conformal coating. Further, Moreover, The Asia Pacific is likely to continue this trend due to the growing electronics sector, availability of cheap labor prices, and low manufacturing costs in emerging economies such as India, China, Taiwan, and South Korea. However, China is the largest market for electronic adhesives in the Asia Pacific region due to increasing expansion, advanced technology, and rising level of urbanization. Further, North America will witness rapid growth in the forecast period owing to the increasing purchasing power of consumers and the rapid increase in demand for adhesive for electronic parts.

 

Segment Covered

The report on the global electronic adhesives market covers segments such as resin type, product type, application, and end-use industry. On the basis of resin type, the sub-markets include epoxy, silicone, acrylic, PU, and others. On the basis of product type, the sub-markets include thermal conductive, electrically conductive, ultraviolet curing, and others. On the basis of application, the sub-markets include surface mounting, potting & encapsulation, conformal coating, and others. On the basis of end-use industry, the sub-markets include computers & servers, communications, consumer electronics, industrial, medical, automotive, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as 3M Company, H.B. Fuller Company, Henkel AG & Co. KGaA, Evonik Industries AG, Dymax Corporation, Dow Silicones Corporation, Alent PLC, Indium Corporation, LG Chemical Limited, and Mitsui Chemicals, Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the electronic adhesives market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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