Electronics Adhesives Market - Forecast, COVID-19 Impact, Trend Analysis & Competition Tracking - Global Insights 2018-2033

Demand for Electronic Device Miniaturisation and Automation is on Rise

Rising per capita income and a ever-growing global population have boosted the sale of cars equipped with convenient security measures. It has increased the market's potential for growth in terms of electronics adhesives. In East Asia and Europe, the market for electronics adhesives has shown exceptional growth over the last decade. Electronics adhesives are required as the global automotive industry has increased use of anti-theft systems, collision avoidance systems, machine status displays, power electronic modules, and LED packages, among others. The market demand is now being driven by the widespread use of electronic devices in both developed and developing countries, and this trend is expected to continue over the duration of the forecast period.

Rising Need for Consumer Electronic Product to Influence Electronic Adhesive Market Growth

Electronic adhesives used as coatings to protect the circuit board from harmful environmental elements such as moisture, temperature changes, corrosion, and so on. They are mostly utilised in consumer electronics, computers and servers, and communications. During the anticipated period, the rapidly expanding electronic sector will drive market expansion in electronic adhesive. The expanding demand for smartphones and other electronic devices, the launch of 5G wireless infrastructure networks, and the rising need for consumer products are all driving growth in the electronics sector and driving up product consumption. These factors will all promote market expansion.

Electronic devices are increasingly being made smaller while maintaining their greater performance levels. The requirement to improve adhesives' performance standards so they can withstand high performance conditions and deliver appropriate outcomes will grow as technology advances. As a result, adhesive manufacturers would have to raise the bar for their products' performance in terms of thermal conductivity, electrical conductivity, toughness under adverse conditions, optical clarity, and cure speed.

Epoxy Resin Segment is Estimated to Hold Largest Share in Electronic Adhesives Market

In terms of value, epoxy resin in electronic adhesives held the greatest market share in 2022. Epoxy, either two-part or single-part heat cure materials, is the resin type that is most typically utilised for electronic applications. Snap-cure epoxies are occasionally utilised; they cure at a lower temperature than standard single-part epoxies. Environmental regulations strictly restrict the manufacture of chemical and petroleum products in Europe and North America. Solvent-based product manufacturing in these locations is governed by organisations like the epoxy resin committee (ERS) and the European commission (ES). This has an impact on the ability of manufacturers in North America and Europe to produce goods. Manufactures are being forced to concentrate on manufacturing eco-friendly adhesives by the strict environmental regulations.

Electronics Adhesives Market Segmentation

The global electronics adhesives market is segmented on the basis of form, resin type, application  and end-use.

On the basis of Form:

·         Liquid

·         Solid

·         Paste

On the basis of Resin Type:

·         Acrylics

·         Epoxy

·         Polyurethane

·         Silicones

·         Others

On the basis of Application:

·         Semiconductor & IC

·         Printed Circuit Board

On the basis of End-Use:

·         Computers & Servers

·         Communications

·         Industrial

·         Consumer Electronics

Covid-19's Detrimental Effects on The Market for Electronic Adhesive

The Covid-19 pandemic has had a serious negative impact on the industrial sector. The electronics and electrical market likewise witnessed a decline in the pandemic. Since the electronic adhesive industry is a part of this broader business, the pandemic's first effects on this market included a slowdown in growth and sales. The pandemic, however, spread gradually, and most markets have recovered from its early effects. Despite the pandemic's initial difficulties, the market for electronic adhesives continues to develop at a healthy rate. The initial impact of the pandemic's conditions and workforce constraint on the electronics manufacturing market were negative. Another significant reason for the electronic adhesive market's delayed expansion in 2020 is the disarray in the worldwide supply chain.

Henkel has expanded its Brandon factory in 2022 to accommodate the production of EVs and electronics

December 2022 Innovative adhesives are created by Shenzhen DeepMaterial Technologies Co., Ltd for semiconductor and electronic applications.

A Chinese company that specialises in reactive hot-melt polyurethane (HMPUR) adhesives for the consumer electronics sector, Shanghai Zhiguan Polymer Materials (PMP), is being acquired by Arkema.

Henkel Adhesive Technologies and Quad Industries announced in February 2021 that their strategic relationship will be extended to promote original published electronics solutions and technical value innovation across a range of companies. Since the innovative COVID-19 smart health patch by Byteflies was designed, the firms have profitably completed several missions and fulfilled the cooperation contract.

The leading companies in the electronic adhesives industry are M Company, Alent PLC, BASF SE, H.B. Fuller Company, Henkel AG & Co. KGaA, Indium Corporation, LG Chemical Limited, Mitsui Chemicals, Hitachi Chemicals Company Limited, Shenzhen DeepMaterial Technologies Co., Ltd, The Dow Chemicals Company, and Kyocera Chemical Corporation.

China Has Become the Largest Market for Electronic Adhesives

The utilization of bonding materials like adhesives is projected to benefit from increased electrical and electronic output in China, Japan, and India. Throughout the forecast period, China will continue to be a profitable local market. one of the main elements fostering national progress. The future of growth looks quite bright because China is the world's largest producer of electrical gadgets and circuits. The goal of several providers has been to offer affordable driver-assistance systems (ADAS) for the mid-size and small automobile sectors. Systems like lane departure warning and autonomous emergency braking have been mandated by new car assessment programmes in Asia Pacific and Europe. Over the next years, the North American market is expected to expand. A significant aspect driving the market for electronic adhesives is the high requirement to manage precision and protection of electronic components in display and communications equipment. The requirement for adhesives in this local market is expected to grow along with the demand for electronics in aerospace and military applications.

The report provides a detailed overview of the electronics adhesives market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for electronics adhesives market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the electronics adhesives market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the electronics adhesives market. Some key country and region included in the electronics adhesives market report as follows:

North America (U.S., Canada)

Latin America (Mexico, Argentina, Brazil, Peru, Chile)

Europe (Germany, France, Italy, U.K., BENELUX, Nordics, Spain, Poland, Russia, CIS)

Asia Pacific (China, ASEAN, India, Japan, South Korea)

Oceania (Australia, New Zealand)

Middle East and Africa (South Africa, GCC Countries, Turkey, Israel, Iran)

The Electronics Adhesives Market Research Report Covers In-depth Analysis on:

·         Electronics adhesives market segments

·         Electronics adhesives market dynamics

·         Electronics adhesives market value and share analysis

·         Recent trends, restraints, opportunities in electronics adhesives market

·         Companies & competition involved electronics adhesives market

·         Latest technologies in electronics adhesives market

·         Supply chain and value chain electronics adhesives market

·         Electronics adhesives market sales and distribution strategies

Electronics Adhesives Market Growth Highlights:

·         A comprehensive overview of parent market

·         Market dynamics, demand and trends in the industry

·         Current, historical and anticipated market size in terms of volume

·         In-depth market segmentation

·         Competition landscape

·         Key strategies of leading companies and product portfolio

·         Electronics adhesives industry trends and developments

·         Potential and country, regions and segments exhibiting future growth

·         A detailed viewpoint on electronics adhesives market forecast by countries

·         Essential information to enhance market position