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DUBLIN , Sept. 15, 2022 /PRNewswire/ -- The "Global Electronic Adhesives Market by Form (Liquid, Paste, Solid), Resin (Epoxy, Silicone, Acrylic), End-Use Industry (Communications, Computers, Consumer Electronics, Industrial, Medical), Product Type and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The electronic adhesives market is projected to grow from USD 4.5 billion in 2022 to USD 6.1 billion by 2027, at a CAGR of 6.1% between 2022 and 2027.
The global electronic adhesives market is driven by the rising demand for advanced and sophisticated electronic devices. The use of electronic devices is increasing in developed as well as developing regions, such as North America and the Asia Pacific .
Epoxy is estimated to be the largest resin type segment of the electronic adhesives market.
Epoxy resin in electronic adhesives held the largest market share in 2021 in terms of value. The most frequently used resin type for electronic applications is epoxy, either two-part or single-part heat cure products. Occasionally snap-cure epoxies, which cure at a lower temperature than regular single-part epoxies, are used.
These adhesives can be used for bonding components, potting, and encapsulation, among others. Potting compounds are intended to provide a high level of the guard to PCBs and electronic devices by surrounding them in a thick, durable polymer. Epoxy is used when extreme operating conditions require optimum protection.
Asia Pacific is forecasted to be the fastest-growing electronic adhesives market during the forecast period.
Asia Pacific is the largest market for electronic adhesives, and this dominance is expected to continue during the forecast period. High economic growth rate, growing manufacturing industries, cheap labor, increasing electronic adhesives patents, and global shift of consumption and production capacity from the developed markets to the emerging markets in the region are the factors leading to the growth of the electronic adhesives market in Asia Pacific .
The region's market is driven by high economic growth and heavy investments in the automotive, industrial, and medical industries. Its growing middle-class population plays an important role in driving various industries, which has led to industrialization in the region.
4.1 Attractive Opportunities for Players in Electronic Adhesives Market
4.2 Electronic Adhesives Market Growth, by Resin Type
4.3 Asia-Pacific : Electronic Adhesives Market, by End-use Industry and Country, 2021
4.4 Electronic Adhesives Market: Developed vs. Developing Countries
4.5 Electronic Adhesives Market: Major Countries
5.2.1.1 Increasing Demand for Miniaturization/Automation of Electronic Devices
5.2.1.2 Growing Applications in Automotive Industry
5.2.1.3 Increased Demand for Waterproof Smartphones and Wearable Devices
5.2.1.5 Growing Demand for Electronic Adhesives in Asia-Pacific
5.2.2.1 Volatility in Raw Material Prices
5.2.2.2 Gradual Shift in Demand and Production Capacity to Developing Countries
5.2.3.1 Regulations on Usage of Lead Soldering Materials
5.2.3.2 Technological Advancements in the Electronic Assembly Industry of North America
5.2.4.2 Miniaturization of Devices Generating Demand for Higher-Performance Adhesives
5.4 Key Stakeholders & Buying Criteria
5.4.1 Key Stakeholders in Buying Process
5.5 Macroeconomic Overview and Key Trends
5.5.2 Trends and Forecast of GDP
5.5.4 Trends in Global Electronics Industry
5.5.5 Leading Cellphone Importing and Exporting Countries
5.7 List of Major End -users
5.9 Electronic Adhesives Ecosystem and Interconnected Market
5.15 Key Conferences & Events in 2022-2024
5.16.1 Regulatory Bodies, Government Agencies, and Other Organizations
6 Electronic Adhesives Market, by Form
6.2.1 Eco-Friendly Adhesives Suitable for Most Applications
6.3.1 Superior Insulation and High Reliability to Drive Market
6.4.1 Solid Form Electronic Adhesives to be Second-Largest Segment
7 Electronic Adhesives Market, by Resin Type
7.2.1 Fastest-Growing Resin Type for Electronic Adhesives
7.3.1 High Degree of Flexibility and Good Electrical Insulating Properties to Boost Demand
7.4.1 Offers Better Bond Strength and Chemical Resistance
7.5.1 Increasing Use of Light-Curing Adhesives in Electronic Applications to Fuel Market
8 Electronic Adhesives Market, by Product Type
8.2.1 Rapid Advancements in End-use Applications to Boost Demand
8.3.1 Excellent Heat-Conducting Properties to Drive Demand
9 Electronic Adhesives Market, by End-use Industry
9.2.1 Growing Internet Usage and Increasing Urbanization to Boost Demand
9.3.1 Increasing Demand for Mobile Electronics and Telecommunication Devices to Drive Market
9.4.1 Southeast Asia to Contribute to Market Growth
9.5.1 Epoxies are Largely Used for Thermal Stability and Moisture Resistance in Industrial Applications
9.6.1 High Cohesive Strength and Minimal Shrinkage of Electronic Adhesives to Propel Market
9.7.1 Advanced Driver Assistance Systems (Adas) to Increase Demand
9.7.1.6 Adas V2X & Connectivity
9.8.1 Constant Advancements in Aerospace and Defense Industry to Boost Demand
10 Electronic Adhesives Market, by Region
11.2 Company Evaluation Quadrant Matrix: Definitions and Methodology, 2021
12.1.5 Parker Hannifin Corporation (Lord Corporation)
12.1.8 Xiamen Weldbond New Material Co. Ltd.
12.2.8 Delo Industrie Klebstoffe GmbH & Co. KGaA
For more information about this report visit https://www.researchandmarkets.com/r/ytidl5
Research and Markets Laura Wood , Senior Manager [email protected]
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