A recent report published by Infinium Global Research on the electronic adhesives market provides an 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, forecasts, 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 about 7% over the forecast period of 2022-2028.

Market Insight

The value of the market in 2022 was over more than USD 4 billion and is expected to reach over USD 6 billion in 2028 and is expected to be growing with a CAGR of 7% during the forecast period. 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 adhesives have replaced the traditional soldering systems. There are three major types of electronic adhesives 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.

COVID-19 was an incomparable global public health emergency that has affected almost every industry and is projected to impact this various industry growth during the forecast period. During the Covid-19, pandemic people were compelled to stay in their homes. The governments of many countries in the world turned their focus to healthcare from other industries. This significantly disrupted their supply chain operations and manufacturing as lockdowns were imposed by the respective governments. Manufacturing facilities were all shut down due to the pandemic in almost every country across the globe. Logistical restrictions, manpower shortage, material unavailability, and other restrictions had reduced the growth of the industry. The pandemic has affected the normal production of companies. The COVID-19 pandemic has created instability in the electronic adhesives market across the globe.

The global electronic adhesives market is majorly driven by changing lifestyles, increasing the adoption of compact electronic and communication devices, and an increase in the 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 are driving the growth of end-use industries, which further boosts the electronic adhesives 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 adhesives 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 report provides a regional outlook covering geographies such as North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to dominate the electronic adhesives market during the forecast years. China is emerging as one of the biggest markets, both in terms of consumption and production of electronic adhesives, and accounts for slightly more than half of the total market in the Asia Pacific. Factors, like increasing urbanization, and growing connectivity, combined with the usage of advanced technology in the manufacturing of safety technologies and infotainment systems, are boosting the demand for printed circuit boards. The Indian electronics adhesives market is expected to reach USD 400 billion by 2025. Additionally, India is expected to become the fifth-largest consumer electronics and appliances industry in the world by 2025. Additionally, in India, technology transitions, such as the rollout of 4G/LTE networks and IoT (Internet of Things), are driving the adoption of electronic products. The Indian government initiative "Make in India" has been attracting foreign direct investments to the electronics sector, this, in turn, has led to a boost in the electronics manufacturing services industry in the country. The Atmanirbhar initiative also emphasizes making India a global consumer electronics manufacturing hub. For instance, in February 2021, Amazon India announced to commence electronic device manufacturing in India, which is likely to boost the electronic adhesives demand in the country

Segment Covered

The report on the global electronic adhesives market covers segments such as product type, resin type, application, and end-user. On the basis of product type, the sub-markets include electrically conductive adhesives, thermally conductive adhesives, and others. On the basis of resin type, the sub-markets include epoxy, silicone, acrylic, PU, and others. On the basis of application, the sub-markets include surface mounting, potting & encapsulation, and others. On the basis of end-user, the sub-markets include computers & servers, communications, consumer electronics, industrial, medical, automotive, and commercial aviation, defense, and other transportation.

Companies Profiled:

The report provides profiles of the companies in the market such as BASF SE, The Dow Chemicals Company, Henkel Ag & Co. KGaA, Alent Plc, KYOCERA Chemical Corporation, and Hitachi Chemical Co., H.B. Fuller, Panacol-Elosol GmbH, Meridian Adhesives Group, Dymax Corporation, and 3M Company.

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 2022-2028. 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.